This Industrial Process Variable Instruments market report provides a comprehensive analysis of the market’s characteristics, size, and growth, including segmentation, regional and country-level breakdowns, competitive landscape, market shares, trends, and strategies. It also tracks historical and forecasted market growth across various geographies.
The industrial process variable instruments market size has grown steadily in recent years. It will grow from $56.83 billion in 2024 to $59.53 billion in 2025 at a compound annual growth rate (CAGR) of 4.7%. The growth in the historic period can be attributed to automation and efficiency improvements, regulatory compliance, globalization of production, maintenance and asset management.
The industrial process variable instruments market size is expected to see steady growth in the next few years. It will grow to $70.42 billion in 2029 at a compound annual growth rate (CAGR) of 4.3%. The growth in the forecast period can be attributed to iot and industry 4 integration, energy efficiency and sustainability, cybersecurity concerns, remote monitoring and control, artificial intelligence and machine learning integration. Major trends in the forecast period include edge computing, digital twins, cloud-based solutions, sustainability focus, human-machine collaboration.
The industrial process variable instruments market is poised to witness growth owing to the increasing generation of electricity. This market involves utilizing sensors, transmitters, and devices to measure and manage process variables such as pressure, temperature, and flow. According to the U.S. Energy Information Administration (EIA), natural gas, the primary source of U.S. electricity generation, rose from a 37% share in 2021 to 39% in 2022, indicating the growth in electricity generation and consequently, the market for industrial process variable instruments.
The expansion in the chemicals and oil and gas sectors drives the demand for industrial process variable instruments. These instruments are crucial in monitoring and regulating operating conditions in oil and gas facilities to maintain safety, environmental compliance, and operational stability. The anticipated increase in oil and gas production, as projected by the International Energy Agency (IEA) to exceed 15 million barrels per day by 2040, and India Brand Equity Foundation's (IBEF) estimate of natural gas consumption reaching 143.08 million tonnes by 2040, signifies a surge in demand for industrial process variable instruments in line with the growth of these sectors.
Major companies within the industrial process variable instruments market are dedicated to pioneering innovative solutions like the iTHERM TrustSens TM372 self-calibrating temperature sensor to mitigate undetected irregularities and reduce production expenses. This sensor employs smart technology with an integrated HART transmitter and Heartbeat Technology. As an example, in September 2022, Endress+Hauser, an India-based manufacturer of industrial process variable instruments, introduced the iTHERM TrustSens TM372 sensor, offering various models that can be connected through HART to the iTHERM TrustSens Calibration Monitoring solution, which can support up to 20 iTHERM TrustSens TM371 or TM372 temperature sensors.
Companies in the industrial process variable instruments sector are dedicated to integrating Internet of Things (IoT) technology into these instruments. These tools, used for monitoring and controlling pressure, temperature, flow, and level in industrial settings, are being interlinked with IoT for improved efficiency. For instance, Ambetronics Engineers Pvt. Ltd., an India-based provider of gas detection sensors and process control systems, introduced an RS485 to MQTT IoT smart module. This module facilitates remote monitoring of a wide array of industrial sensors like pressure, temperature, tank levels, flow, and gas levels, ensuring real-time data connectivity to the Ambetronics cloud, as well as offline data storage when internet connectivity is not available.
In October 2022, Valin Corporation, a US-based entity in the industrial process variable instruments market, completed the acquisition of Jensen Instrument Company, further bolstering its offerings in process control and fluid handling. Jensen Instrument Company, a US-based company operating within the industrial process variable instruments realm, was acquired by Valin Corporation for an undisclosed sum.
Industrial process variable instruments encompass instruments utilized for measuring, controlling, and recording various industrial variables critical to processes, such as temperature, flow, pressure, vacuum, combustion, level, viscosity, density, acidity, concentration, and rotation. These instruments serve multiple functions, including measurement, display, indication, recording, transmission, and control of industrial process variables. Industrial process variable instruments can operate through mechanical, pneumatic, electronic, or electrical means, depending on the specific application and industry.
The primary types within the industrial process variable instruments market include temperature, pressure, level, flow, and other categories. The temperature segment within industrial process variable instruments pertains to the monitoring and processing of temperature within industrial applications. It involves the use of instruments like transmitters and control valves, which find application in various industries, including chemicals, oil and gas, electronic and electrical systems, and others. These instruments play a critical role in maintaining optimal operating conditions and safety within industrial processes.
The industrial process variable instruments market research report is one of a series of new reports that provides industrial process variable instruments market statistics, including industrial process variable instruments industry global market size, regional shares, competitors with an industrial process variable instruments market share, detailed industrial process variable instruments market segments, market trends and opportunities, and any further data you may need to thrive in the industrial process variable instruments industry. This industrial process variable instruments market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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.
Asia-Pacific was the largest region in the industrial process variable market in 2024. 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. The countries covered in the industrial process variable instruments market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The industrial process variable instruments market consists of sales of boiler controls, buoyancy instruments, chromatographs, combustion control instruments, and other industrial process variable instruments. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The industrial process variable instruments market size has grown steadily in recent years. It will grow from $56.83 billion in 2024 to $59.53 billion in 2025 at a compound annual growth rate (CAGR) of 4.7%. The growth in the historic period can be attributed to automation and efficiency improvements, regulatory compliance, globalization of production, maintenance and asset management.
The industrial process variable instruments market size is expected to see steady growth in the next few years. It will grow to $70.42 billion in 2029 at a compound annual growth rate (CAGR) of 4.3%. The growth in the forecast period can be attributed to iot and industry 4 integration, energy efficiency and sustainability, cybersecurity concerns, remote monitoring and control, artificial intelligence and machine learning integration. Major trends in the forecast period include edge computing, digital twins, cloud-based solutions, sustainability focus, human-machine collaboration.
The industrial process variable instruments market is poised to witness growth owing to the increasing generation of electricity. This market involves utilizing sensors, transmitters, and devices to measure and manage process variables such as pressure, temperature, and flow. According to the U.S. Energy Information Administration (EIA), natural gas, the primary source of U.S. electricity generation, rose from a 37% share in 2021 to 39% in 2022, indicating the growth in electricity generation and consequently, the market for industrial process variable instruments.
The expansion in the chemicals and oil and gas sectors drives the demand for industrial process variable instruments. These instruments are crucial in monitoring and regulating operating conditions in oil and gas facilities to maintain safety, environmental compliance, and operational stability. The anticipated increase in oil and gas production, as projected by the International Energy Agency (IEA) to exceed 15 million barrels per day by 2040, and India Brand Equity Foundation's (IBEF) estimate of natural gas consumption reaching 143.08 million tonnes by 2040, signifies a surge in demand for industrial process variable instruments in line with the growth of these sectors.
Major companies within the industrial process variable instruments market are dedicated to pioneering innovative solutions like the iTHERM TrustSens TM372 self-calibrating temperature sensor to mitigate undetected irregularities and reduce production expenses. This sensor employs smart technology with an integrated HART transmitter and Heartbeat Technology. As an example, in September 2022, Endress+Hauser, an India-based manufacturer of industrial process variable instruments, introduced the iTHERM TrustSens TM372 sensor, offering various models that can be connected through HART to the iTHERM TrustSens Calibration Monitoring solution, which can support up to 20 iTHERM TrustSens TM371 or TM372 temperature sensors.
Companies in the industrial process variable instruments sector are dedicated to integrating Internet of Things (IoT) technology into these instruments. These tools, used for monitoring and controlling pressure, temperature, flow, and level in industrial settings, are being interlinked with IoT for improved efficiency. For instance, Ambetronics Engineers Pvt. Ltd., an India-based provider of gas detection sensors and process control systems, introduced an RS485 to MQTT IoT smart module. This module facilitates remote monitoring of a wide array of industrial sensors like pressure, temperature, tank levels, flow, and gas levels, ensuring real-time data connectivity to the Ambetronics cloud, as well as offline data storage when internet connectivity is not available.
In October 2022, Valin Corporation, a US-based entity in the industrial process variable instruments market, completed the acquisition of Jensen Instrument Company, further bolstering its offerings in process control and fluid handling. Jensen Instrument Company, a US-based company operating within the industrial process variable instruments realm, was acquired by Valin Corporation for an undisclosed sum.
Industrial process variable instruments encompass instruments utilized for measuring, controlling, and recording various industrial variables critical to processes, such as temperature, flow, pressure, vacuum, combustion, level, viscosity, density, acidity, concentration, and rotation. These instruments serve multiple functions, including measurement, display, indication, recording, transmission, and control of industrial process variables. Industrial process variable instruments can operate through mechanical, pneumatic, electronic, or electrical means, depending on the specific application and industry.
The primary types within the industrial process variable instruments market include temperature, pressure, level, flow, and other categories. The temperature segment within industrial process variable instruments pertains to the monitoring and processing of temperature within industrial applications. It involves the use of instruments like transmitters and control valves, which find application in various industries, including chemicals, oil and gas, electronic and electrical systems, and others. These instruments play a critical role in maintaining optimal operating conditions and safety within industrial processes.
The industrial process variable instruments market research report is one of a series of new reports that provides industrial process variable instruments market statistics, including industrial process variable instruments industry global market size, regional shares, competitors with an industrial process variable instruments market share, detailed industrial process variable instruments market segments, market trends and opportunities, and any further data you may need to thrive in the industrial process variable instruments industry. This industrial process variable instruments market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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.
Asia-Pacific was the largest region in the industrial process variable market in 2024. 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. The countries covered in the industrial process variable instruments market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The industrial process variable instruments market consists of sales of boiler controls, buoyancy instruments, chromatographs, combustion control instruments, and other industrial process variable instruments. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Industrial Process Variable Instruments Market Characteristics3. Industrial Process Variable Instruments Market Trends and Strategies4. Industrial Process Variable Instruments Market - Macro Economic Scenario Including the Impact of Interest Rates, Inflation, Geopolitics, and the Recovery from COVID-19 on the Market32. Global Industrial Process Variable Instruments Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Industrial Process Variable Instruments Market34. Recent Developments in the Industrial Process Variable Instruments Market
5. Global Industrial Process Variable Instruments Growth Analysis and Strategic Analysis Framework
6. Industrial Process Variable Instruments Market Segmentation
7. Industrial Process Variable Instruments Market Regional and Country Analysis
8. Asia-Pacific Industrial Process Variable Instruments Market
9. China Industrial Process Variable Instruments Market
10. India Industrial Process Variable Instruments Market
11. Japan Industrial Process Variable Instruments Market
12. Australia Industrial Process Variable Instruments Market
13. Indonesia Industrial Process Variable Instruments Market
14. South Korea Industrial Process Variable Instruments Market
15. Western Europe Industrial Process Variable Instruments Market
16. UK Industrial Process Variable Instruments Market
17. Germany Industrial Process Variable Instruments Market
18. France Industrial Process Variable Instruments Market
19. Italy Industrial Process Variable Instruments Market
20. Spain Industrial Process Variable Instruments Market
21. Eastern Europe Industrial Process Variable Instruments Market
22. Russia Industrial Process Variable Instruments Market
23. North America Industrial Process Variable Instruments Market
24. USA Industrial Process Variable Instruments Market
25. Canada Industrial Process Variable Instruments Market
26. South America Industrial Process Variable Instruments Market
27. Brazil Industrial Process Variable Instruments Market
28. Middle East Industrial Process Variable Instruments Market
29. Africa Industrial Process Variable Instruments Market
30. Industrial Process Variable Instruments Market Competitive Landscape and Company Profiles
31. Industrial Process Variable Instruments Market Other Major and Innovative Companies
35. Industrial Process Variable Instruments Market High Potential Countries, Segments and Strategies
36. Appendix
Executive Summary
Industrial Process Variable Instruments Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on industrial process variable instruments market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for industrial process variable instruments ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The industrial process variable instruments market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include: the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Type: Temperature; Pressure; Level; Flow; Other Types2) By Instrument: Transmitter; Control Valve
3) By Application: Chemicals; Oil and Gas; Electronic and Electrical; Other Applications
Subsegments:
1) By Temperature: Thermocouples; RTDs (Resistance Temperature Detectors); Thermistors; Infrared Sensors; Bimetallic Temperature Gauges2) By Pressure: Differential Pressure Transmitters; Pressure Transducers; Pressure Gauges; Absolute Pressure Sensors; Gauge Pressure Sensors
3) By Level: Capacitance Level Sensors; Ultrasonic Level Sensors; Radar Level Sensors; Float Level Sensors; Conductive Level Sensors
4) By Flow: Electromagnetic Flow Meters; Coriolis Flow Meters; Ultrasonic Flow Meters; Vortex Flow Meters; Turbine Flow Meters
5) By Other Types: Humidity Sensors; pH Sensors; Vibration Sensors; Speed Sensors; Density Meters
Key Companies Mentioned: ABB Ltd.; Emerson Electric Company; Honeywell International Inc.; Schneider Electric SE; Siemens AG
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
The major companies featured in this Industrial Process Variable Instruments market report 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 Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 175 |
| Published | April 2025 |
| Forecast Period | 2025 - 2029 |
| Estimated Market Value ( USD | $ 59.53 Billion |
| Forecasted Market Value ( USD | $ 70.42 Billion |
| Compound Annual Growth Rate | 4.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 34 |
