Global Industrial Process Variable Instruments Market Report

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Industrial Process Variable Instruments Global Market Report 2020-30: Covid 19 Impact and Recovery

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Starting Price : $ 4000.00 | Pages : 150 | Published : March 2020 | SKU CODE : 7377 | Format :

The industrial process variable instruments market consists of sales of industrial process variable instruments and related services used to measure, control and record industrial variables such as temperature, flow, pressure, vacuum, combustion, level, viscosity, density, acidity, concentration, and rotation. The process variable instruments are used for measuring, displaying, indicating, recording, transmitting, and controlling industrial process variables. The industrial process variable can work mechanically, pneumatically, electronically, or electrically and comprises of instruments such as boiler controls, buoyancy instruments, chromatographs, and combustion control instruments.

The global industrial process variable instruments market was worth $100.78 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 7.36% and reach $133.88 billion by 2023.

The industrial process variable instruments market has been geographically segmented into North America, Western Europe, Asia-Pacific, Eastern Europe, South America, Middle East and Africa. In 2019, Asia Pacific was the largest region in the industrial process variable instruments market. North America is expected to be the fastest growing region in the industrial process variable instruments market in the forecast period.

The industrial process variable instruments market covered in this market is segmented by type into temperature, pressure, level, flow, others.

The increasing demand for chemicals and oil and gas drives the growth of the industrial process variable instruments market. The industrial process variable instruments are used in oil and gas facilities for monitoring and controlling the operating conditions. The operating conditions are monitored to meet safety, environmental regulations, and to ensure stability in plant operations. The increased demand for oil and gas will require more production facilities to be set up, thus, increasing the demand for industrial process variable instruments. As reported by the International Energy Agency (IEA) in 2018, the per day production of oil is projected to be above 15 million barrels per day in 2040. Also, India Brand Equity Foundation (IBEF) predicts the demand for crude oil to reach 500 million tonnes by 2040 from 221.76 million tonnes in 2017 whereas the consumption for natural gas is stipulated to reach for natural gas 143.08 million tonnes by 2040 from 54.20 million tonnes in 2017. Thus, the growing demand for oil and gas holds a positive impact on the industrial process variable instruments market.

The complexity regarding the use of process variable instruments in the food industry restricts the growth of the industrial process variable instruments market. The process control instruments used in the food industry may contact the food product while monitoring temperature, pressure, level, and flow are required to be following the hygienic requirements designed to provide cleanable and healthy contact surfaces. Further, different food items produced require different temperatures, pressures, and sanitary requirements thus this leaves very little space for the manufacturers of industrial process variable instruments to add any extra advance features to the instrument while ensuring that it meets sanitary as well as operational requirements. Thus, the complexities of using the process variable instruments in the food industry restraints the growth of the industrial process variable instruments market.

The companies in the industrial process variable instruments market are investing in integrating the Internet of things technology (IoT) to process variable instruments. The industrial process variable instruments such as pressure, temperature, flow level monitoring and controlling devices are being integrated with IoT to increase their efficiencies and usage. For instance, Ambetronics Engineers Pvt. Ltd, an India based provider of gas detection sensors, process control instrumentation system, launched its RS485 to MQTT IoT smart module to remotely monitor industrial sensors, from the pressure to temperature, tank levels, flow, gas levels, etc. The module allows the real-time connectivity of data to the Ambetronics cloud and offline storage for recording the sensor data when the internet connectivity is unavailable.

In July 2019, Stratford-Cambridge Group, a Michigan based private equity firm specialized exclusively in the manufacturing sector with a particular focus on engineered products acquired Applied Instruments, Inc. company for an undisclosed amount. Through this acquisition, Stratford-Cambridge Group mainly focuses on smaller, industrial companies in the Midwest, and sees organic growth opportunities with Applied Instruments Inc. that would expand its client base to other parts of the USA, Canada, and Mexico. Applied Instruments, Inc. manufacturer of RF test and measurement equipment focused primarily on the satellite, CATV, and off-air broadcast sectors of the telecommunications industry.

Major players in the market are ABB Ltd., Emerson Electric Company, Honeywell International Inc., Schneider Electric SE, Siemens AG, Ametek Inc., Applied Instrument Technologies Inc., Applitek NV, Arizona Instrument LLC and Aventics GmbH.

The companies covered are ABB Ltd.; Emerson Electric Company; Honeywell International Inc.; Schneider Electric SE; Siemens AG; Ametek Inc.; Applied Instrument Technologies Inc.; Applitek NV; Arizona Instrument LLC; Aventics GmbH; Union Park Capital; Hach Company; LAR Process Analyzers AG

Countries covered are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA, Australia

1) By Type: Temperature; Pressure; Level; Flow; Others

1. Executive Summary

2. Industrial Process Variable Instruments Market Characteristics

3. Industrial Process Variable Instruments Market Size And Growth

3.1. Global Industrial Process Variable Instruments Historic Market, 2015 - 2019, $ Billion

3.1.1. Drivers Of The Market

3.1.2. Restraints On The Market

3.2. Global Industrial Process Variable Instruments Forecast Market, 2019 - 2023F, 2025F, 2030F, $ Billion

3.2.1. Drivers Of The Market

3.2.2. Restraints On the Market

4. Industrial Process Variable Instruments Market Segmentation

4.1. Global Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Temperature

Pressure

Level

Flow

Others

5. Industrial Process Variable Instruments Market Regional And Country Analysis

5.1. Global Industrial Process Variable Instruments Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

5.2. Global Industrial Process Variable Instruments Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

6. Asia-Pacific Industrial Process Variable Instruments Market

6.1. Asia-Pacific Industrial Process Variable Instruments Market Overview

6.2. Asia-Pacific Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

7. China Industrial Process Variable Instruments Market

7.1. China Industrial Process Variable Instruments Market Overview

7.2. China Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F,$ Billion

8. India Industrial Process Variable Instruments Market

8.1. India Industrial Process Variable Instruments Market Overview

8.2. India Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

9. Japan Industrial Process Variable Instruments Market

9.1. Japan Industrial Process Variable Instruments Market Overview

9.2. Japan Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

10. Australia Industrial Process Variable Instruments Market

10.1. Australia Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

11. Indonesia Industrial Process Variable Instruments Market

11.1. Indonesia Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

12. South Korea Industrial Process Variable Instruments Market

12.1. South Korea Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

13. Western Europe Industrial Process Variable Instruments Market

13.1. Western Europe Industrial Process Variable Instruments Market Overview

13.2. Western Europe Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

14. UK Industrial Process Variable Instruments Market

14.1. UK Industrial Process Variable Instruments Market Overview

14.2. UK Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

15. Germany Industrial Process Variable Instruments Market

15.1. Germany Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

16. France Industrial Process Variable Instruments Market

16.3. France Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

17. Eastern Europe Industrial Process Variable Instruments Market

17.1. Eastern Europe Industrial Process Variable Instruments Market Overview

17.2. Eastern Europe Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

18. Russia Industrial Process Variable Instruments Market

18.1. Russia Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

19. North America Industrial Process Variable Instruments Market

19.1. North America Industrial Process Variable Instruments Market Overview

19.2. North America Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

20. USA Industrial Process Variable Instruments Market

20.1. USA Industrial Process Variable Instruments Market Overview

20.2. USA Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

21. South America Industrial Process Variable Instruments Market

21.1. South America Industrial Process Variable Instruments Market Overview

21.2. South America Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

22. Brazil Industrial Process Variable Instruments Market

22.1. Brazil Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

23. Middle East Industrial Process Variable Instruments Market

23.1. Middle East Industrial Process Variable Instruments Market Overview

23.2. Middle East Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

24. Africa Industrial Process Variable Instruments Market

24.1. Africa Industrial Process Variable Instruments Market Overview

24.2. Africa Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

25. Industrial Process Variable Instruments Market Competitive Landscape And Company Profiles

25.1. Industrial Process Variable Instruments Market Competitive Landscape

25.2. Industrial Process Variable Instruments Market Company Profiles

25.2.1. ABB Ltd.

25.2.1.1. Overview

25.2.1.2. Products and Services

25.2.1.3. Strategy

25.2.1.4. Financial Performance

25.2.2. Emerson Electric Company

25.2.2.1. Overview

25.2.2.2. Products and Services

25.2.2.3. Strategy

25.2.2.4. Financial Performance

25.2.3. Honeywell International Inc.

25.2.3.1. Overview

25.2.3.2. Products and Services

25.2.3.3. Strategy

25.2.3.4. Financial Performance

25.2.4. Schneider Electric SE

25.2.4.1. Overview

25.2.4.2. Products and Services

25.2.4.3. Strategy

25.2.4.4. Financial Performance

25.2.5. Siemens AG

25.2.5.1. Overview

25.2.5.2. Products and Services

25.2.5.3. Strategy

25.2.5.4. Financial Performance

26. Key Mergers And Acquisitions In The Industrial Process Variable Instruments Market

27. Industrial Process Variable Instruments Market Trends And Strategies

28. Industrial Process Variable Instruments Market Future Outlook and Potential Analysis

29. Appendix

29.1. Abbreviations

29.2. Currencies

29.3. Research Inquiries

29.4. The Business Research Company

29.5. Copyright And Disclaimer

List Of Tables

Table 1: Global Historic Market Growth, 2015-2019, $ Billion

Table 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 3: Global Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 4: Global Industrial Process Variable Instruments Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 5: Global Industrial Process Variable Instruments Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 6: Asia-Pacific, Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 7: China, Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 8: India, Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 9: Japan, Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 10: Australia, Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 11: Indonesia, Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 12: South Korea, Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 13: Western Europe, Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 14: UK, Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 15: Germany, Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 16: France, Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 17: Eastern Europe, Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 18: Russia, Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 19: North America, Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 20: USA, Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 21: South America, Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 22: Brazil, Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 23: Middle East, Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 24: Africa, Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 25: ABB Ltd. Financial Performance

Table 26: Emerson Electric Company Financial Performance

Table 27: Honeywell International Inc. Financial Performance

Table 28: Schneider Electric SE Financial Performance

Table 29: Siemens AG Financial Performance

List Of Figures

Figure 1: Global Historic Market Growth, 2015-2019, $ Billion

Figure 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 3: Global Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 4: Global Industrial Process Variable Instruments Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 5: Global Industrial Process Variable Instruments Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 6: Asia-Pacific, Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 7: China, Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 8: India, Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 9: Japan, Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 10: Australia, Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 11: Indonesia, Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 12: South Korea, Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 13: Western Europe, Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 14: UK, Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 15: Germany, Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 16: France, Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 17: Eastern Europe, Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 18: Russia, Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 19: North America, Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 20: USA, Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 21: South America, Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 22: Brazil, Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 23: Middle East, Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 24: Africa, Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 25: ABB Ltd. Financial Performance

Figure 26: Emerson Electric Company Financial Performance

Figure 27: Honeywell International Inc. Financial Performance

Figure 28: Schneider Electric SE Financial Performance

Figure 29: Siemens AG Financial Performance

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