Process Instrumentation Market by Instrument (Transmitter and Control Valve), by Technology (Programmable Logic Controller (PLC), Distributed Control System (DCS), Supervisory Control and Data Acquisition (SCADA), and Manufacturing Execution System (MES)), and by End-User (Household, Automotive, Water/Wastewater Treatment, Aircraft, and Laboratory Instrumentation): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 – 2024.
According to the report, global process instrumentation market was valued at approximately USD 17.12 billion in 2017 and is expected to generate around USD 21.62 billion in revenue by the end of 2024, growing at a CAGR of around 3.34% between 2018 and 2024.
Process instrumentation has several benefits, such as decreased human errors, improved product quality, lower plant emissions, and reduced operating costs. Measuring, recording, controlling, and positioning are the key parameters needed for trouble-free operations of a manufacturing unit. Increase in the technological advancements and innovation are the major factors primarily driving the growth of this market. Increasing demand for automated processes and instruments by producers is the key factor bolstering the expansion of process instrumentation market.
In addition, cost efficiency, asset utilization, and reduction in engineering time and energy efficiency with the help of process instruments are some of the considerable factors positively influencing the growth of this market. We offer top of the line state of the art technology to reliably monitor your processes like Pressure, Temperature, Level, Humidity, pH, Gas detection and more.
- Pressure/ Level / Temperature
- Analytical Instrumentation (Process Analyses)
- Variable Frequency Drives
- Pressure/ Temperature gauges
- Testing and Calibration
- Valves and Actuators (Pneumatic, hydraulic & Electrical driven)
