The industrial process variable instruments global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Industrial Process Variable Instruments Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The industrial process variable instruments market size has grown steadily in recent years. It will grow from $56.55 billion in 2023 to $58.9 billion in 2024 at a compound annual growth rate (CAGR) of 4.2%. The growth in the historic period can be attributed to industrialization, quality control, regulatory compliance, automation and control systems.
The industrial process variable instruments market size is expected to see steady growth in the next few years. It will grow to $69.05 billion in 2028 at a compound annual growth rate (CAGR) of 4.1%. The growth in the forecast period can be attributed to industry 4.0 and smart manufacturing, energy efficiency and sustainability, health and safety, iot and connectivity, customization and precision. Major trends in the forecast period include wireless sensors, predictive maintenance, data analytics and ai, industry-specific solutions, miniaturization.
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Scope Of Industrial Process Variable Instruments Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Industrial Process Variable Instruments Market Overview
Market Drivers –
A rise in electricity generation is expected to propel the growth of the industrial process variable instruments market going forward. Electricity generation refers to the process of generating electric power from sources of primary energy. Industrial process variable instruments involves the use of sensors, transmitters, and other devices to measure and control process variables such as pressure, temperature, flow, level, and more. For instance, according to the U.S. Energy Information Administration (EIA), a US-based government agency, natural gas remained the largest source of U.S. electricity generation, increasing from a 37% share of U.S. generation in 2021 to 39% in 2022. Thus, a rise in electricity generation is driving the growth of the industrial process variable instruments market.
The industrial process variable instruments market covered in this report is segmented –
1) By Type: Temperature, Pressure, Level, Flow, Other Types
2) By Instrument: Transmitter, Control Valve
3) By Application: Chemicals, Oil & Gas, Electronic And Electrical, Other Applications
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Regional Insights –
Asia-Pacific was the largest region in the industrial process variable market in 2023. North America is the second-largest region in the industrial process variable instruments market. The regions covered in the industrial process variable instruments market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the industrial process variable instruments market include 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, Yokogawa Electric Corporation, Endress+Hauser AG, General Electric Company, Rockwell Automation Inc., Danaher Corporation, Brooks Instrument LLC, Burkert Fluid Control Systems, Dwyer Instruments Inc., E+H Process Solutions AG, Fluid Components International LLC, Fuji Electric Co. Ltd., Gems Sensors & Controls, KROHNE Messtechnik GmbH, MKS Instruments Inc., Omega Engineering Inc., ProMinent GmbH, Rotork plc, SICK AG, Teledyne Technologies Incorporated, Vega Grieshaber KG
Table of Contents
1. Executive Summary
2. Industrial Process Variable Instruments Market Characteristics
3. Industrial Process Variable Instruments Market Trends And Strategies
4. Industrial Process Variable Instruments Market – Macro Economic Scenario
5. Global Industrial Process Variable Instruments Market Size and Growth
…
31. Global Industrial Process Variable Instruments Market Competitive Benchmarking
32. Global Industrial Process Variable Instruments Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Industrial Process Variable Instruments Market
34. Industrial Process Variable Instruments Market Future Outlook and Potential Analysis
35. Appendix
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