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Process Instrumentation Market Share

Report ID: GMI9306
Published Date: Apr 2024
Report Format: PDF

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Process Instrumentation Market Share

Emerson Electric Co. and ABB Ltd. held a share of over 10% in the process instrumentation industry in 2023. Emerson Electric Co. is a multinational corporation operating in the market. It offers a comprehensive range of solutions including sensors, controllers, valves, and analytical instruments. The company’s portfolio caters to diverse industries such as oil & gas, chemicals, pharmaceuticals, and water treatment. Emerson specializes in providing integrated automation solutions that optimize process efficiency, enhance safety, and ensure regulatory compliance.

ABB Ltd. is a global technology leader offering a wide range of products and services in the process instrumentation industry. Specializing in industrial automation and electrification solutions, the company provides innovative instrumentation products such as flow meters, level sensors, pressure transmitters, and analytical instruments. Its offerings also include advanced control systems, asset management software, and digitalization solutions aimed at optimizing industrial processes, improving efficiency, and ensuring sustainable operations for customers worldwide.

Process Instrumentation Market Companies

Major players operating in the industry are:

ABB Ltd.
Emerson Electric Co.
Endress+Hauser Group
Honeywell International Inc.
Schneider Electric SE
Siemens AG
Yokogawa Electric Corporation

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Industry size for process instrumentation exceeded USD 17 billion in 2023 and is projected to expand at over 3% CAGR from 2024 to 2032, owing to the reliance of the oil & gas sector on precision measurement and control systems.

The manufacturing execution system (MES) technology segment in the process instrumentation industry is estimated to depict over 6% CAGR between 2024 and 2032, due to their capacity to optimize production processes, augment productivity, and elevate quality control.

North America industry held more than 35% revenue share in 2023 and is predicted to grow at notable CAGR between 2024 and 2032, led by the robust industrial infrastructure and cutting-edge technological capabilities.

ABB Ltd., Emerson Electric Co., Endress+Hauser Group, Honeywell International Inc., Schneider Electric SE, Siemens AG, and Yokogawa Electric Corporation