프로세스 계측 시장 : 점유율 분석, 업계 동향 및 통계, 성장 예측(2026-2031년)

The process instrumentation market was valued at USD 19.08 billion in 2025 and estimated to grow from USD 19.71 billion in 2026 to reach USD 23.17 billion by 2031, at a CAGR of 3.29% during the forecast period (2026-2031).

The moderate growth trajectory reflects a maturing customer base, even as digitalization, decarbonization mandates, and retrofit cycles strengthen replacement demand. Suppliers continue to bundle hardware, software, and services, offering integrated solutions that reduce lifecycle costs and support compliance with emissions monitoring. Retrofit programs in aging plants, single-pair Ethernet rollouts, and labor shortages collectively sustain a steady flow of brownfield upgrades. At the same time, green hydrogen and water reuse projects create incremental greenfield opportunities, anchoring a resilient demand outlook for the process instrumentation market. Price competition remains limited because customers prioritize measurement accuracy, cybersecurity certification, and service responsiveness, allowing vendors to defend margins with digitally enabled differentiators.

Global Process Instrumentation Market Trends and Insights

Decarbonization-Linked Process-Optimization Mandates

Carbon-reduction legislation, such as the European Union's Carbon Border Adjustment Mechanism, elevates continuous emissions monitoring and energy-efficiency measurement to core operational metrics. Plants now specify instruments that combine high-accuracy sensing with secure data pipelines, enabling the generation of audit-ready reports under the IEC 62443-2-1:2024 cybersecurity program standard. Demand is strongest in the chemicals, refining, and cement industries, where real-time analytics help trim fuel consumption and align with Scope 1 and Scope 2 inventory targets. Suppliers respond with smart analyzers that integrate self-diagnostics, edge-based verification, and encrypted cloud connectors, turning compliance into measurable returns through reduced energy bills and lower carbon tax exposure. These mandates lift specification requirements beyond basic accuracy to encompass data integrity and traceability, reinforcing premium pricing across the process instrumentation market.

Explosive Sensor Retrofit Cycles in Ageing Plants

Facilities built during the 1980s and 1990s face rising calibration expenses and unplanned downtime. Asset-life extension projects now bundle sensor retrofits with digital upgrades, replacing legacy transmitters with smart models that deliver multivariable data and predictive diagnostics. Endress+Hauser's compact stainless-steel instrumentation demonstrates how modern form factors can withstand cleaning-in-place while minimizing dead-leg buildup, allowing for maintenance without process shutdowns. Plant managers document maintenance cost savings of up to 20% and safety-incident reductions, justifying quick payback periods that accelerate order cycles. Because more than 60% of installed base devices still run analog 4-20 mA loops, retrofit programs remain a multi-year growth engine for the process instrumentation market.

Chip-Supply Bottlenecks for Smart Transmitters

Industrial-grade microprocessors remain subject to allocation, extending lead-times for HART and Ethernet-enabled transmitters to as long as 32 weeks in 2025. While vendors re-engineer boards around second-source components, qualification cycles spanning 12-18 months defer volume recovery. Projects in Asia Pacific chemical complexes have documented cost overruns of up to USD 1.5 million due to expedited freight and last-minute redesigns. The shortage disproportionately affects multivariable analyzers that require specialized A/D converters, slowing shipments and tempering short-term momentum in the process instrumentation market

Other drivers and restraints analyzed in the detailed report include:

1. Ethernet-APL Single-Pair Ethernet Roll-outs
2. Bundled O&M Contracts (Instrument-as-a-Service)
3. Multi-Protocol Legacy Lock-in Costs

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Transmitters held a 37.62% share of the process instrumentation market size in 2025, cementing their role as the backbone of level, pressure, and temperature control loops. Continuous improvements in diagnostics, cybersecurity firmware, and hot-swap modularity protect this installed base. Vendors now embed advanced drift-compensation algorithms that extend calibration cycles from yearly to once every three years, preserving uptime in 24/7 operations. Field-removable head designs, such as Magnetrol's Jupiter JM4, enable plants to replace electronics without breaching process seals, thereby reducing maintenance labor and venting risk.Over the forecast horizon, transmitters remain a stable revenue pillar, with incremental demand driven by tighter emissions-measurement rules.

Analytical instruments, growing at a 3.62% CAGR, add real-time spectroscopy, dissolved-oxygen sensing, and multi-parameter gas analysis to the instrumentation toolkit. Their rise reflects a shift from simple condition monitoring to active process optimization. Modular platforms enable a single chassis to accept optical, electrochemical, or mass spectrometric cartridges, thereby reducing the footprint and minimizing spare parts inventory. The expanding analytics footprint brings additional software licensing and cloud gateway opportunities, elevating lifetime revenue per point. This dynamic supports sustained growth across the process instrumentation market.

PLCs commanded 34.02% of the process instrumentation market in 2025, valued for deterministic scan times, fail-safe redundancy, and universal service know-how. Upgrades focus on secure bootloading, redundant gigabit backplanes, and embedded OPC UA servers that simplify upstream data sharing. Wider controller footprints emerge in hydrogen electrolyzer skids and water-recycling modules, reinforcing the stability of PLC volume.

Manufacturing execution systems are growing at the fastest rate of 3.76% CAGR as facilities seek a single pane of glass for production scheduling, electronic batch records, and real-time quality analytics. Emerson's DeltaV Edge 2.0 enables contextualized historian data to flow northbound without exposing controllers to bidirectional traffic, easing IT security audits. The convergence of MES with advanced process control narrows decision latency, translating sensor intelligence into energy savings and throughput gains that safeguard return on investment across the process instrumentation market.

The Process Instrumentation Market is Segmented by Instrument (Transmitters, Control Valves, Analytical Instruments, and More), Technology (DCS, PLC, SCADA, MES, Other Control Technologies), End-User Industry (Water and Wastewater Treatment, Oil and Gas Extraction, and More), Measurement Parameter (Flow, Pressure, Level, Temperature, Humidity), and Geography. The Market Forecasts are Provided in Terms of Value (USD).

Geography Analysis

North America held a 29.12% market share in the process instrumentation market in 2025. The region benefits from Environmental Protection Agency mandates that require continuous emissions and water quality monitoring, driving the accelerated replacement of legacy analog loops. U.S. utilities invest in smart transmitters to comply with stricter limits on per- and polyfluoroalkyl substances, while Canadian oil sands operators deploy multivariable flowmeters that withstand abrasive slurries. Cross-border supply chains and local service networks strengthen aftermarket resilience, ensuring high spare-part attachment rates and stable service revenue for vendors.

The Asia Pacific is the fastest-growing region, with a 3.81% CAGR through 2031, driven by rapid industrialization, green hydrogen electrolyzer deployments, and manufacturing reshoring in China, India, and Southeast Asia. Chinese chemical hubs utilize high-frequency radar level instruments for the control of volatile organic compounds, while Indian pharmaceutical clusters employ spectroscopy-enabled PAT frameworks to meet U.S. FDA export requirements. Government incentives for semiconductor fabs in Japan and South Korea spur demand for ultra-pure water instrumentation and sub-ppm gas analyzers. The breadth of new capacity investments positions Asia Pacific as a priority for global vendors expanding localized production and support centers in the process instrumentation market.

Europe maintains steady momentum, supported by decarbonization legislation and the adoption of Industry 4.0. German specialty-chemicals complexes upgrade to Ethernet-APL field networks, leveraging integrated safety and cybersecurity certification to satisfy both ATEX and IEC 62443 demands. The United Kingdom modernizes water utilities with ammonia-slip monitoring to hit tightening discharge consents, while France invests in hydrogen electrolyzer demonstration plants that require redundancy-class transmitters. Across the continent, national recovery funds channel capital toward efficiency upgrades, protecting baseline demand despite economic headwinds. Middle East and Africa provide growth adjacency as oil-to-chemicals integration projects, desalination plants, and mining expansions stimulate instrumentation orders, extending reach for global and regional players within the process instrumentation market.

1. Endress+Hauser AG
2. Yokogawa Electric Corporation
3. Emerson Electric Co.
4. ABB Ltd.
5. Honeywell International Inc.
6. Siemens AG
7. Schneider Electric SE
8. Rockwell Automation Inc.
9. Azbil Corporation
10. KROHNE Messtechnik GmbH
11. Pepperl + Fuchs SE
12. Brooks Instrument LLC
13. Mettler-Toledo International Inc.
14. Badger Meter Inc.
15. Spirax-Sarco Engineering plc
16. AMETEK Inc. (Process Instruments)
17. Omron Corporation
18. Valmet Flow Control Oy
19. HIMA Paul Hildebrandt GmbH
20. Omega Engineering Inc.
21. Samson AG

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 INTRODUCTION

• 1.1 Study Assumptions and Market Definition
• 1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET LANDCSAPE

• 4.1 Market Overview
• 4.2 Market Drivers
  • 4.2.1 Decarbonisation-linked process-optimisation mandates
  • 4.2.2 Explosive sensor retrofit cycles in ageing plants
  • 4.2.3 Ethernet-APL single-pair Ethernet roll-outs
  • 4.2.4 Bundled OandM contracts (instrument-as-a-service)
  • 4.2.5 Post-COVID labour shortfalls driving lights-out automation
  • 4.2.6 Green-hydrogen mega-projects instrument demand
• 4.3 Market Restraints
  • 4.3.1 Chip-supply bottlenecks for smart transmitters
  • 4.3.2 Multi-protocol legacy lock-in costs
  • 4.3.3 Shortage of calibration-lab capacity
  • 4.3.4 Cyber-security insurance surcharges on IIoT links
• 4.4 Industry Value Chain Analysis
• 4.5 Regulatory Landscape
• 4.6 Technological Outlook
• 4.7 Porter's Five Forces Analysis
  • 4.7.1 Bargaining Power of Suppliers
  • 4.7.2 Bargaining Power of Buyers
  • 4.7.3 Threat of New Entrants
  • 4.7.4 Threat of Substitutes
  • 4.7.5 Intensity of Competitive Rivalry
• 4.8 Assessment of Macro-economic Trends on the Market

5 MARKET SIZE AND GROWTH FORECASTS (VALUE)

• 5.1 By Instrument
  • 5.1.1 Transmitters
    • 5.1.1.1 Level Transmitters
    • 5.1.1.2 Temperature Transmitters
    • 5.1.1.3 Pressure Transmitters
  • 5.1.2 Control Valves
  • 5.1.3 Analytical Instruments
  • 5.1.4 Field Controllers (RTU/PLC)
  • 5.1.5 Process Analyzer
    • 5.1.5.1 Gas Analyzer
    • 5.1.5.2 Liquid Analyzer
  • 5.1.6 Other Instruments
• 5.2 By Technology
  • 5.2.1 Distributed Control System (DCS)
  • 5.2.2 Programmable Logic Controller (PLC)
  • 5.2.3 Supervisory Control and Data Acquisition (SCADA)
  • 5.2.4 Manufacturing Execution System (MES)
  • 5.2.5 Other Control Technologies
• 5.3 By End-User Industry
  • 5.3.1 Water and Wastewater Treatment
  • 5.3.2 Oil and Gas Extraction
  • 5.3.3 Chemical Manufacturing
  • 5.3.4 Energy and Utilities
  • 5.3.5 Pharmaceutical
  • 5.3.6 Metals and Mining
  • 5.3.7 Food and Beverage
  • 5.3.8 Paper and Pulp
  • 5.3.9 Other Process Industries
• 5.4 By Measurement Parameter
  • 5.4.1 Flow
  • 5.4.2 Pressure
  • 5.4.3 Level
  • 5.4.4 Temperature
  • 5.4.5 Humidity
• 5.5 By Geography
  • 5.5.1 North America
    • 5.5.1.1 United States
    • 5.5.1.2 Canada
    • 5.5.1.3 Mexico
  • 5.5.2 South America
    • 5.5.2.1 Brazil
    • 5.5.2.2 Argentina
    • 5.5.2.3 Rest of South America
  • 5.5.3 Europe
    • 5.5.3.1 Germany
    • 5.5.3.2 United Kingdom
    • 5.5.3.3 France
    • 5.5.3.4 Italy
    • 5.5.3.5 Spain
    • 5.5.3.6 Rest of Europe
  • 5.5.4 Asia Pacific
    • 5.5.4.1 China
    • 5.5.4.2 Japan
    • 5.5.4.3 India
    • 5.5.4.4 Singapore
    • 5.5.4.5 South korea
    • 5.5.4.6 Australia
    • 5.5.4.7 Rest of Asia Pacific
  • 5.5.5 Middle East and Africa
    • 5.5.5.1 Middle East
      • 5.5.5.1.1 Saudi Arabia
      • 5.5.5.1.2 United Arab Emirates
      • 5.5.5.1.3 Turkey
      • 5.5.5.1.4 Rest of Middle East
    • 5.5.5.2 Africa
      • 5.5.5.2.1 South Africa
      • 5.5.5.2.2 Nigeria
      • 5.5.5.2.3 Rest of Africa

6 COMPETITIVE LANDSCAPE

• 6.1 Market Concentration
• 6.2 Strategic Moves
• 6.3 Market Share Analysis
• 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products and Services, and Recent Developments)
  • 6.4.1 Endress+Hauser AG
  • 6.4.2 Yokogawa Electric Corporation
  • 6.4.3 Emerson Electric Co.
  • 6.4.4 ABB Ltd.
  • 6.4.5 Honeywell International Inc.
  • 6.4.6 Siemens AG
  • 6.4.7 Schneider Electric SE
  • 6.4.8 Rockwell Automation Inc.
  • 6.4.9 Azbil Corporation
  • 6.4.10 KROHNE Messtechnik GmbH
  • 6.4.11 Pepperl + Fuchs SE
  • 6.4.12 Brooks Instrument LLC
  • 6.4.13 Mettler-Toledo International Inc.
  • 6.4.14 Badger Meter Inc.
  • 6.4.15 Spirax-Sarco Engineering plc
  • 6.4.16 AMETEK Inc. (Process Instruments)
  • 6.4.17 Omron Corporation
  • 6.4.18 Valmet Flow Control Oy
  • 6.4.19 HIMA Paul Hildebrandt GmbH
  • 6.4.20 Omega Engineering Inc.
  • 6.4.21 Samson AG

7 MARKET OPPORTUNITIES AND FUTURE OUTLOOK

• 7.1 White-space and Unmet-Need Assessment