The global process instrumentation market size was valued at US$ 19.18 billion in 2024 and is expected to reach US$ 27.93 billion by 2031. The process instrumentation market is estimated to register a CAGR of 5.8% during 2025–2031. The increasing popularity of smart instrumentation is likely to remain a key trend in the market.
The rising industrial automation, growing need for efficient energy, and increasing expansion of pharmaceuticals and chemical industries are driving the process instrumentation market growth. Rapid industrialization in Brazil, India, and China is a significant contributor to the adoption of process instrumentation. Industries such as chemicals, oil & gas, and power generation continue to be large energy consumers. As a result, countries are responding to energy efficiency programs with policies and programs to guide specific changes in energy use across sectors. For example, China’s economy is energy-intensive due to a huge number of manufacturing industries. The Central Government of China has continued to develop measures to increase building energy efficiency. Energy appliance regulations and labeling, as well as energy service corporations (ESCOs), have all played crucial roles in this. China’s 14th Five-Year Plan (2021–2025) contains a mandatory national target to lower energy intensity by 13.5% below 2020 levels by 2025. Also, Canada’s Green Industrial Facilities and Manufacturing Program (GIFMP) provides financial assistance to support the implementation of energy efficiency and energy management solutions.
Process instrumentation and sensors are the measurement and control systems used in industrial and manufacturing processes to monitor and control variables such as pressure, temperature, flow, and level. The use of process instrumentation has numerous benefits, including improved product quality, fewer human errors, minimal emissions, and increased cost savings. Process instruments offer significant parameters such as recording, positioning, measuring, and controlling, which are critical for the smooth operation of a manufacturing unit. These parameters help achieve high levels of absolute reliability, accuracy, and precision. Various businesses are focusing on boosting productivity, lowering operational costs, and reducing energy use. Process instrumentation is being used in various industrial businesses due to its vital function in monitoring and optimizing energy consumption, manufacturing processes, and equipment performance. These process instrumentations provide real-time information on energy use in a manufacturing process. This enables improved management and optimization, resulting in less energy loss.
The adoption of automation in the industrial sector is growing across the globe. Manufacturers are becoming more conscious of major benefits associated with capital expenditure, product quality, and time to market. Industrial automation is helping manufacturers by eliminating the need for manual labor and speeding up processes. Several market players are providing industrial automation solutions, such as Mitsubishi Electric, Omron Corp., and Rockwell Automation. These players are involved in the launch of industrial automation platforms. For instance, in April 2023, Rockwell Automation, Inc. launched FactoryTalk OptiX. The FactoryTalk Optix is a contemporary cloud-enabled human-machine interface (HMI) platform that enables users to create, test, and launch apps from a web browser remotely. It assists clients in realizing their vision by utilizing new degrees of interconnection, scalability, and cooperation in industries. Process instrumentation in industrial automation employs equipment such as sensors and transmitters to monitor characteristics such as temperature, pressure, and flow rates in a manufacturing or processing environment customized to the operation's needs.
Governments of various countries are investing in the energy & power sector. For example, according to the US government, in November 2024, the Bipartisan Infrastructure Law included over US$ 62 billion in funding through the Department of Energy to support the transition to a clean energy future. This investment spans clean energy demonstration and deployment projects, domestic manufacturing of advanced technologies, and efforts to strengthen the nation’s power grid against extreme weather—all while aiming to lower consumer costs and create high-quality union jobs. Such a sweeping initiative is also expected to drive significant growth in the process automation market as utilities and energy providers look to implement advanced control systems, smart infrastructure, and real-time data analytics to meet the evolving demands of a modernized grid.
Key segments that contributed to the derivation of the process instrumentation market analysis are technology, flow meter, level meter, and application.
The geographic scope of the process instrumentation market report is mainly divided into five regions: North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
North America dominated the market in 2024. The process instrumentation market in North America is influenced by federal regulatory frameworks established by the authorities, such as the U.S. Environmental Protection Agency (EPA) for environmental and emissions monitoring. These regulations dictate the use of advanced air quality monitoring technologies to ensure compliance with National Ambient Air Quality Standards (NAAQS), which in turn sustains demand for precise and reliable instrumentation. As regulations demand greater data accuracy and real-time reporting, there's growth in connected instrumentation that supports remote monitoring and automated alerts. Heightened emphasis on QA/QC has created a demand for certified calibration instruments and standards-compliant test kits. Thus, the regulatory landscape that mandates rigorous data collection, quality assurance, and technological advancement fosters the process instrumentation market in North America. The region is focused on Industry 4.0, which includes the adoption of smart manufacturing and digital industrial transformation. The Fourth Industrial Revolution is driving demand for real-time data acquisition, automated control systems, and smart instrumentation across manufacturing sectors. The association supports the Industry 4.0 revolution in the region. For example, a government-led SMART program, supported by Canadian Manufacturers & Exporters (CM&E), can significantly boost the process instrumentation market by offsetting technology adoption costs for SMEs. Funding diagnostics and assessments enables wider use of smart sensors, automation, and data-driven control systems. This drives efficiency and digital readiness across manufacturing sectors.
The regional trends and factors influencing the Process Instrumentation Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Process Instrumentation Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2024 | US$ 19.18 Billion |
| Market Size by 2031 | US$ 27.93 Billion |
| Global CAGR (2025 - 2031) | 5.8% |
| Historical Data | 2021-2023 |
| Forecast period | 2025-2031 |
| Segments Covered |
By Technology
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Process Instrumentation Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Process Instrumentation Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The process instrumentation market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the process instrumentation market are listed below:
The “Process Instrumentation Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
The estimated value of the process instrumentation market is expected to reach US$ 27.93 billion by 2031.
The market is expected to register a CAGR of 5.8% during the forecast period.
Emerson Electric, Honeywell International, Yokogawa Electric Corporation, Endress + Hauser Group, and Siemens AG are among the leading players in the process instrumentation market.
North America dominated the process instrumentation market in 2024.
The rising industrial automation, growing need for efficient energy, and increasing expansion of pharmaceuticals and chemicals are driving the market.
The popularity of smart instrumentation is likely to remain a key trend in the market.