Asia Pacific Process Instrumentation Market Key Players and Opportunities by 2031
Asia Pacific Process Instrumentation Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Technology (Flow Meter, Pressure and Temperature Instrument, Analytical Instrument, and Level Meter), Flow Meter (Mass Flow, EMF, Vortex, Ultrasonic, and Others), Level Meter (High Frequency Radar, TDR, and Others), and End-user Industry (Oil & Gas, Energy & Power, Water & Wastewater, Food & Beverages, Marine, Petrochemical, Chemical, and Others)
- Report Date : May 2024
- Report Code : TIPRE00016371
- Category : Electronics and Semiconductor
- Status : Published
- Available Report Formats :
- No. of Pages : 118
The Asia Pacific process instrumentation market was valued at US$ 5.91 billion in 2023 and is projected to reach US$ 9.35 billion by 2031. The market is expected to register a CAGR of 5.9% from 2023 to 2031. Moreover, the rising popularity of smart instrumentation is likely to remain among key Asia Pacific process instrumentation market trends.
Asia Pacific Process Instrumentation Market Analysis
Automation adoption in the industrial sector is growing across Asia Pacific. Manufacturers are becoming more conscious of the major benefits associated with capital expenditure, product quality, and time to market, and industrial automation is helping manufacturers by eliminating the need for manual labor and accelerating various processes. In Asia Pacific, various players are providing industrial automation solutions; for example, Mitsubishi Electric, Omron Corp., and Rockwell Automation, among others. These players are involved in the launch of industrial automation platforms. For instance, in April 2023, Rockwell Automation, Inc. launched FactoryTalk OptiX across the region. 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 at any time or place. It assists clients in realizing their vision by utilizing new degrees of interconnection, scalability, and cooperation in different 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.
Asia Pacific Process Instrumentation Market Overview
- 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.
- The growing emphasis of manufacturers on operational excellence is driving the market. Various industries are progressively focusing on optimizing their processes to improve efficiency, reduce costs, and enhance productivity. Further, various businesses are focusing on boosting productivity, lowering operational costs, and reducing energy use. Process instrumentation is being used in a variety of 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.
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Asia Pacific Process Instrumentation Market: Strategic Insights
Market Size Value in US$ 4,570.61 Million in 2019 Market Size Value by US$ 7,012.28 Million by 2027 Growth rate CAGR of 5.7% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
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Asia Pacific Process Instrumentation Market: Strategic Insights
| Market Size Value in | US$ 4,570.61 Million in 2019 |
| Market Size Value by | US$ 7,012.28 Million by 2027 |
| Growth rate | CAGR of 5.7% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
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Asia Pacific Process Instrumentation Market Drivers and Opportunities
Growing Need for Efficient Energy
As energy costs rise and environment-related concerns become more prevalent, businesses seek ways to improve their processes. Businesses are focusing on boosting productivity, lowering operational costs, and reducing energy use. Process instrumentation is being used in a variety of 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. Flow meters accurately monitor liquid or gas flow, allowing enabling modifications to optimize usage. Temperature and pressure sensors monitor energy-intensive activities such as heating and cooling to improve control and eliminate waste. Thus, the growing need for efficient energy fuels the Asia Pacific process instrumentation market growth.
Increasing Investments in Energy & Power Sector
In February 2024, the government of Singapore set up a US$ 3.7 billion fund to invest in clean energy technology and infrastructure as it aims to achieve net zero emissions by 2050. Currently, 95% of the city-state’s electricity is obtained from natural gas. The use of process instrumentation in the energy & power sector ensures accurate measurement of process variables such as temperature, pressure, flow rate, level, density, and composition. This energy equipment helps make measurement reliable, field-proven, and service-friendly. In energy development, various industrial energy tools such as sensors, transmitters, and process instrumentation play an important role in the application of hydropower, wind power, solar energy, hydrogen and biogas, and other processes. Thus, increasing investment in the energy & power sector is expected to create opportunities for the Asia Pacific process instrumentation market growth during the forecast period.
Asia Pacific Process Instrumentation Market Report Segmentation Analysis
Key segments that contributed to the derivation of the Asia Pacific process instrumentation market analysis are technology and end-user industry.
- Based on technology, the Asia Pacific process instrumentation market is segmented into flow meter, pressure and temperature instrument, analytical instrument, and level meter. The flow meter segment held the largest market share in 2023. Flow meters play a crucial role in process instrumentation by accurately measuring the flow rate of fluids in various industrial and residential applications. The selection of a suitable flow meter depends on the requirements of the application, the type of fluid being measured, and the overall installation.
- By end-user industry, the market is segmented into oil & gas, energy & power, water & wastewater, food & beverages, marine, petrochemical, chemical, and others. In the petrochemical industry, process instrumentation plays a vital role in monitoring and controlling various applications, such as offshore oil & gas extraction, oil refining, and transportation. The chemical segment held the largest Asia Pacific process instrumentation market share in 2023.
Asia Pacific Process Instrumentation Market Share Analysis by Geography
The report includes the Asia Pacific process instrumentation market forecast by countries from 2022 to 2030. The Asia Pacific process instrumentation market is mainly categorized into Singapore, Thailand, the Philippines, Vietnam, and the Rest of Asia Pacific.
In June 2022, under the Paris Agreement, the government of the Philippines committed to reducing greenhouse gas (GHG) emissions by 75% by the end of 2030 compared to a business-as-usual scenario. With the energy sector serving as the country's primary source of GHG emissions, it will play a pivotal role in meeting these targets, as it is projected that energy demand will record a nearly threefold increase over the next two decades. With an abundance of renewable resources, the Philippines is presented with significant opportunities to transition its energy and power supply mix toward decarbonization, reducing its reliance on fossil fuels. By tapping into the country's clean energy potential, the government can align with its Philippine Energy Plan (PEP) and contribute to achieving sustainable development goals (SDGs). This transition toward cleaner energy sources is positively influencing the process instrumentation market in the Philippines, as the demand for advanced control systems and energy-efficient solutions is poised to increase in line with the country's sustainable energy objectives.
Asia Pacific Process Instrumentation Market News and Recent Developments
The Asia Pacific 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. The following is a list of developments in the market for process instrumentation:
- Yokogawa Electric Corporation (TOKYO: 6841) announces that it has finalized an agreement to acquire Adept Fluidyne Pvt. Ltd. ("Adept"), one of the largest domestic manufacturers of magnetic flowmeters in India. The purchase process is expected to be completed by the end of March 2024. This acquisition will provide Yokogawa with an Indian manufacturing base for its lineup of high-performance magnetic flowmeters and give the company access to Adept's product lineup, enabling more timely delivery of a broad portfolio of flowmeter products for the burgeoning Indian market.
(Source: Yokogawa Electric Corporation, Company Website, 2024)
- Emerson has introduced its next-generation Rosemount 3490 Controller for level and flow measurement applications, which helps to reduce complexity, optimize processes, and enhance sustainability. Designed to maximize ease of use, the Rosemount 3490 provides comprehensive control functionality for 4–20 mA or HART-compatible transmitters and is an ideal solution for water, wastewater, and process industry applications. (Source: Emerson Electric Co., Company Website, 2024)
Asia Pacific Process Instrumentation Market Report Coverage and Deliverables
The “Asia Pacific Process Instrumentation Market Size and Forecast (2023–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Technology, and Industry
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Australia, China, India, Indonesia, Japan, Malaysia, South Korea, Thailand
Frequently Asked Questions
The Asia Pacific process instrumentation market is expected to reach US$ 9.35 million by 2031.
The key players holding majority shares in the Asia Pacific process instrumentation market include Emerson Electric Co., Honeywell International Inc., Yokogawa Electric Corporation, Endress+Hauser Group Services AG, and Fuji Electric Co, Ltd.
The Asia Pacific process instrumentation market was estimated to be valued at US$ 5.91 billion in 2023 and is projected to reach US$ 9.35 billion by 2031; it is expected to grow at a CAGR of 5.9% during the forecast period.
Flow meter segment led the Asia Pacific process instrumentation market with a significant share in 2023 and is expected to grow with the highest CAGR.
Popularity of smart instrumentation are expected to set the future trend for the Asia Pacific process instrumentation market in the coming years.
Rising industrial automations and growing need for efficient energy are driving factors of Asia Pacific process instrumentation market.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Process Instrumentation Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 Raw Material Providers
4.3.2 Manufacturers
4.3.3 Distributors/Suppliers
4.3.4 End Users
4.3.5 List of Vendors in the Value Chain
5. Asia Pacific Process Instrumentation Market – Key Market Dynamics
5.1 Asia Pacific Process Instrumentation Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 Rising Industrial Automation
5.2.2 Growing Need for Efficient Energy
5.3 Market Restraint
5.3.1 High Cost of Investment, Installation, and Maintenance of Process Instruments
5.4 Market Opportunities
5.4.1 Increasing Investments in Energy & Power Sector
5.4.2 Growth in Pharmaceuticals and Chemical Industries
5.5 Future Trends
5.5.1 Popularity of Smart Instrumentation
5.6 Impact of Drivers and Restraints:
6. Asia Pacific Process Instrumentation Market Analysis
6.1 Asia Pacific Process Instrumentation Market Revenue (US$ Million), 2023–2031
6.2 Asia Pacific Process Instrumentation Market Forecast and Analysis
7. Asia Pacific Process Instrumentation Market Analysis – by Technology
7.1 Flow Meter
7.1.1 Overview
7.1.2 Flow Meter: Asia Pacific Process Instrumentation Market – Revenue and Forecast to 2031 (US$ Million)
7.2 Mass Flow
7.2.1 Overview
7.2.2 Mass Flow: Asia Pacific Process Instrumentation Market – Revenue and Forecast to 2031 (US$ Million)
7.3 EMF
7.3.1 Overview
7.3.2 EMF: Asia Pacific Process Instrumentation Market – Revenue and Forecast to 2031 (US$ Million)
7.4 Vortex
7.4.1 Overview
7.4.2 Vortex: Asia Pacific Process Instrumentation Market – Revenue and Forecast to 2031 (US$ Million)
7.5 Ultrasonic
7.5.1 Overview
7.5.2 Ultrasonic: Asia Pacific Process Instrumentation Market – Revenue and Forecast to 2031 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: Asia Pacific Process Instrumentation Market – Revenue and Forecast to 2031 (US$ Million)
7.7 Pressure and Temperature Instrument
7.7.1 Overview
7.7.2 Pressure and Temperature Instrument: Asia Pacific Process Instrumentation Market – Revenue and Forecast to 2031 (US$ Million)
7.8 Analytical Instrument
7.8.1 Overview
7.8.2 Analytical Instrument: Asia Pacific Process Instrumentation Market – Revenue and Forecast to 2031 (US$ Million)
7.9 Level Meter
7.9.1 Overview
7.9.2 Level Meter: Asia Pacific Process Instrumentation Market – Revenue and Forecast to 2031 (US$ Million)
7.10 High frequency Radar
7.10.1 Overview
7.10.2 High frequency Radar: Asia Pacific Process Instrumentation Market – Revenue and Forecast to 2031 (US$ Million)
7.11 TDR
7.11.1 Overview
7.11.2 TDR: Asia Pacific Process Instrumentation Market – Revenue and Forecast to 2031 (US$ Million)
7.12 Others
7.12.1 Overview
7.12.2 Others: Asia Pacific Process Instrumentation Market – Revenue and Forecast to 2031 (US$ Million)
8. Asia Pacific Process Instrumentation Market Analysis – by End-user Industry
8.1 Oil and Gas
8.1.1 Overview
8.1.2 Oil and Gas: Asia Pacific Process Instrumentation Market – Revenue and Forecast to 2031 (US$ Million)
8.2 Energy and Power
8.2.1 Overview
8.2.2 Energy and Power: Asia Pacific Process Instrumentation Market – Revenue and Forecast to 2031 (US$ Million)
8.3 Water and Waste water
8.3.1 Overview
8.3.2 Water and Waste water: Asia Pacific Process Instrumentation Market – Revenue and Forecast to 2031 (US$ Million)
8.4 Food and Beverage
8.4.1 Overview
8.4.2 Food and Beverage: Asia Pacific Process Instrumentation Market – Revenue and Forecast to 2031 (US$ Million)
8.5 Marine
8.5.1 Overview
8.5.2 Marine: Asia Pacific Process Instrumentation Market – Revenue and Forecast to 2031 (US$ Million)
8.6 Petrochemical
8.6.1 Overview
8.6.2 Petrochemical: Asia Pacific Process Instrumentation Market – Revenue and Forecast to 2031 (US$ Million)
8.7 Chemical
8.7.1 Overview
8.7.2 Chemical: Asia Pacific Process Instrumentation Market – Revenue and Forecast to 2031 (US$ Million)
8.8 Others
8.8.1 Overview
8.8.2 Others: Asia Pacific Process Instrumentation Market – Revenue and Forecast to 2031 (US$ Million)
9. Asia Pacific Process Instrumentation Market – Country Analysis
9.1 Asia Pacific
9.1.1 Asia Pacific Process Instrumentation Market Breakdown by Countries
9.1.2 Asia Pacific Process Instrumentation Market Revenue and Forecast and Analysis – by Country
9.1.2.1 Asia Pacific Process Instrumentation Market Revenue and Forecast and Analysis – by Country
9.1.2.2 Singapore: Asia Pacific Process Instrumentation Market – Revenue and Forecast to 2031 (US$ Million)
9.1.2.2.1 Singapore: Asia Pacific Process Instrumentation Market Breakdown by Technology
9.1.2.2.2 Singapore: Asia Pacific Process Instrumentation Market Breakdown by Flow Meter
9.1.2.2.3 Singapore: Asia Pacific Process Instrumentation Market Breakdown by Level Meter
9.1.2.2.4 Singapore: Asia Pacific Process Instrumentation Market Breakdown by End-user Industry
9.1.2.3 Thailand: Asia Pacific Process Instrumentation Market – Revenue and Forecast to 2031 (US$ Million)
9.1.2.3.1 Thailand: Asia Pacific Process Instrumentation Market Breakdown by Technology
9.1.2.3.2 Thailand: Asia Pacific Process Instrumentation Market Breakdown by Flow Meter
9.1.2.3.3 Thailand: Asia Pacific Process Instrumentation Market Breakdown by Level Meter
9.1.2.3.4 Thailand: Asia Pacific Process Instrumentation Market Breakdown by End-user Industry
9.1.2.4 Philippines: Asia Pacific Process Instrumentation Market – Revenue and Forecast to 2031 (US$ Million)
9.1.2.4.1 Philippines: Asia Pacific Process Instrumentation Market Breakdown by Technology
9.1.2.4.2 Philippines: Asia Pacific Process Instrumentation Market Breakdown by Flow Meter
9.1.2.4.3 Philippines: Asia Pacific Process Instrumentation Market Breakdown by Level Meter
9.1.2.4.4 Philippines: Asia Pacific Process Instrumentation Market Breakdown by End-user Industry
9.1.2.5 Vietnam: Asia Pacific Process Instrumentation Market – Revenue and Forecast to 2031 (US$ Million)
9.1.2.5.1 Vietnam: Asia Pacific Process Instrumentation Market Breakdown by Technology
9.1.2.5.2 Vietnam: Asia Pacific Process Instrumentation Market Breakdown by Flow Meter
9.1.2.5.3 Vietnam: Asia Pacific Process Instrumentation Market Breakdown by Level Meter
9.1.2.5.4 Vietnam: Asia Pacific Process Instrumentation Market Breakdown by End-user Industry
9.1.2.6 Rest of APAC: Asia Pacific Process Instrumentation Market – Revenue and Forecast to 2031 (US$ Million)
9.1.2.6.1 Rest of APAC: Asia Pacific Process Instrumentation Market Breakdown by Technology
9.1.2.6.2 Rest of APAC: Asia Pacific Process Instrumentation Market Breakdown by Flow Meter
9.1.2.6.3 Rest of APAC: Asia Pacific Process Instrumentation Market Breakdown by Level Meter
9.1.2.6.4 Rest of APAC: Asia Pacific Process Instrumentation Market Breakdown by End-user Industry
10. Competitive Landscape
10.1 Company Positioning & Concentration
10.2 Heat Map Analysis by Key Players
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Product Development
12. Company Profiles
12.1 ABB Ltd
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Emerson Electric Co
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 ENDRESS + HAUSER GROUP SERVICES AG
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Honeywell International Inc
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Metso Outotec Corp
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Brooks Instrument
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Schneider Electric SE
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Siemens AG
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Yokogawa Electric Corp
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Fuji Electric Co Ltd
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 Word Index
13.2 About The Insight Partners
List of Tables
Table 1. Asia Pacific Process Instrumentation Market Segmentation
Table 2. List of Vendors
Table 3. Asia Pacific Process Instrumentation Market – Revenue and Forecast to 2031 (US$ Million)
Table 4. Asia Pacific Process Instrumentation Market – Revenue and Forecast to 2031 (US$ Million) – by Technology
Table 5. Asia Pacific Process Instrumentation Market – Revenue and Forecast to 2031 (US$ Million) – by End-user Industry
Table 6. Asia Pacific Process Instrumentation Market – Revenue and Forecast to 2031 (US$ Million) – by Country
Table 7. Singapore: Asia Pacific Process Instrumentation Market – Revenue and Forecast to 2031 (US$ Million) – by Technology
Table 8. Singapore: Asia Pacific Process Instrumentation Market – Revenue and Forecast to 2031 (US$ Million) – by Flow Meter
Table 9. Singapore: Asia Pacific Process Instrumentation Market – Revenue and Forecast to 2031 (US$ Million) – by Level Meter
Table 10. Singapore: Asia Pacific Process Instrumentation Market – Revenue and Forecast to 2031 (US$ Million) – by End-user Industry
Table 11. Thailand: Asia Pacific Process Instrumentation Market – Revenue and Forecast to 2031 (US$ Million) – by Technology
Table 12. Thailand: Asia Pacific Process Instrumentation Market – Revenue and Forecast to 2031 (US$ Million) – by Flow Meter
Table 13. Thailand: Asia Pacific Process Instrumentation Market – Revenue and Forecast to 2031 (US$ Million) – by Level Meter
Table 14. Thailand: Asia Pacific Process Instrumentation Market – Revenue and Forecast to 2031 (US$ Million) – by End-user Industry
Table 15. Philippines: Asia Pacific Process Instrumentation Market – Revenue and Forecast to 2031 (US$ Million) – by Technology
Table 16. Philippines: Asia Pacific Process Instrumentation Market – Revenue and Forecast to 2031 (US$ Million) – by Flow Meter
Table 17. Philippines: Asia Pacific Process Instrumentation Market – Revenue and Forecast to 2031 (US$ Million) – by Level Meter
Table 18. Philippines: Asia Pacific Process Instrumentation Market – Revenue and Forecast to 2031 (US$ Million) – by End-user Industry
Table 19. Vietnam: Asia Pacific Process Instrumentation Market – Revenue and Forecast to 2031 (US$ Million) – by Technology
Table 20. Vietnam: Asia Pacific Process Instrumentation Market – Revenue and Forecast to 2031 (US$ Million) – by Flow Meter
Table 21. Vietnam: Asia Pacific Process Instrumentation Market – Revenue and Forecast to 2031 (US$ Million) – by Level Meter
Table 22. Vietnam: Asia Pacific Process Instrumentation Market – Revenue and Forecast to 2031 (US$ Million) – by End-user Industry
Table 23. Rest of APAC: Asia Pacific Process Instrumentation Market – Revenue and Forecast to 2031 (US$ Million) – by Technology
Table 24. Rest of APAC: Asia Pacific Process Instrumentation Market – Revenue and Forecast to 2031 (US$ Million) – by Flow Meter
Table 25. Rest of APAC: Asia Pacific Process Instrumentation Market – Revenue and Forecast to 2031 (US$ Million) – by Level Meter
Table 26. Rest of APAC: Asia Pacific Process Instrumentation Market – Revenue and Forecast to 2031 (US$ Million) – by End-user Industry
Table 27. Heat Map Analysis by Key Players
Table 28. List of Abbreviation
List of Figures
Figure 1. Asia Pacific Process Instrumentation Market Segmentation, by Country
Figure 2. PEST Analysis
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. Asia Pacific Process Instrumentation Market Revenue (US$ Million), 2023–2031
Figure 5. Asia Pacific Process Instrumentation Market Share (%) – by Technology, 2023 and 2031
Figure 6. Flow Meter: Asia Pacific Process Instrumentation Market– Revenue and Forecast to 2031 (US$ Million)
Figure 7. Mass Flow: Asia Pacific Process Instrumentation Market– Revenue and Forecast to 2031 (US$ Million)
Figure 8. EMF: Asia Pacific Process Instrumentation Market– Revenue and Forecast to 2031 (US$ Million)
Figure 9. Vortex: Asia Pacific Process Instrumentation Market– Revenue and Forecast to 2031 (US$ Million)
Figure 10. Ultrasonic: Asia Pacific Process Instrumentation Market– Revenue and Forecast to 2031 (US$ Million)
Figure 11. Others: Asia Pacific Process Instrumentation Market– Revenue and Forecast to 2031 (US$ Million)
Figure 12. Pressure and Temperature Instrument: Asia Pacific Process Instrumentation Market– Revenue and Forecast to 2031 (US$ Million)
Figure 13. Analytical Instrument: Asia Pacific Process Instrumentation Market– Revenue and Forecast to 2031 (US$ Million)
Figure 14. Level Meter: Asia Pacific Process Instrumentation Market– Revenue and Forecast to 2031 (US$ Million)
Figure 15. High frequency Radar: Asia Pacific Process Instrumentation Market– Revenue and Forecast to 2031 (US$ Million)
Figure 16. TDR: Asia Pacific Process Instrumentation Market– Revenue and Forecast to 2031 (US$ Million)
Figure 17. Others: Asia Pacific Process Instrumentation Market– Revenue and Forecast to 2031 (US$ Million)
Figure 18. Asia Pacific Process Instrumentation Market Share (%) – by End-user Industry, 2023 and 2031
Figure 19. Oil and Gas: Asia Pacific Process Instrumentation Market– Revenue and Forecast to 2031 (US$ Million)
Figure 20. Energy and Power: Asia Pacific Process Instrumentation Market– Revenue and Forecast to 2031 (US$ Million)
Figure 21. Water and Waste water: Asia Pacific Process Instrumentation Market– Revenue and Forecast to 2031 (US$ Million)
Figure 22. Food and Beverage: Asia Pacific Process Instrumentation Market– Revenue and Forecast to 2031 (US$ Million)
Figure 23. Marine: Asia Pacific Process Instrumentation Market– Revenue and Forecast to 2031 (US$ Million)
Figure 24. Petrochemical: Asia Pacific Process Instrumentation Market– Revenue and Forecast to 2031 (US$ Million)
Figure 25. Chemical: Asia Pacific Process Instrumentation Market– Revenue and Forecast to 2031 (US$ Million)
Figure 26. Others: Asia Pacific Process Instrumentation Market– Revenue and Forecast to 2031 (US$ Million)
Figure 27. Asia Pacific Process Instrumentation Market Breakdown by Key Countries, 2023 and 2031 (%)
Figure 28. Singapore: Asia Pacific Process Instrumentation Market – Revenue and Forecast to 2031 (US$ Million)
Figure 29. Thailand: Asia Pacific Process Instrumentation Market – Revenue and Forecast to 2031 (US$ Million)
Figure 30. Philippines: Asia Pacific Process Instrumentation Market – Revenue and Forecast to 2031 (US$ Million)
Figure 31. Vietnam: Asia Pacific Process Instrumentation Market – Revenue and Forecast to 2031 (US$ Million)
Figure 32. Rest of APAC: Asia Pacific Process Instrumentation Market – Revenue and Forecast to 2031 (US$ Million)
Figure 33. Company Positioning & Concentration
The List of Companies - Asia Pacific Process Instrumentation Market
- ABB Ltd
- Emerson Electric Co
- ENDRESS + HAUSER GROUP SERVICES AG
- Honeywell International Inc
- Metso Outotec Corp
- Brooks Instrument
- Schneider Electric SE
- Siemens AG
- Yokogawa Electric Corp
- Fuji Electric Co Ltd
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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