Industrial Process Variable Instruments Market Report 2026

The industrial process variable instruments market size has grown steadily in recent years. It will grow from $57.64 billion in 2025 to $59.72 billion in 2026 at a compound annual growth rate (CAGR) of 3.6%. The growth in the historic period can be attributed to industrial automation expansion, early adoption of electronic sensing, demand for improved process safety, growth in chemical and oil & gas operations, rise of pneumatic and mechanical control systems.

The industrial process variable instruments market size is expected to see steady growth in the next few years. It will grow to $70.58 billion in 2030 at a compound annual growth rate (CAGR) of 4.3%. The growth in the forecast period can be attributed to increasing deployment of smart factories, growth in predictive maintenance adoption, rising need for real-time data insights, expansion of advanced sensing technologies, higher demand from renewable and clean energy industries. Major trends in the forecast period include rising adoption of multi-parameter measurement instruments, increasing demand for high-accuracy industrial sensing solutions, growing preference for smart transmitters over conventional devices, expanding use of real-time monitoring in harsh and critical environments, rising integration of diagnostics and self-calibration features in instruments.

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. For example, in June 2025, the Department of Climate Change, Energy, an Australia-based government agency, reported that in 2024, fossil fuel sources accounted for 181,518 GWh (64%) of Australia’s total electricity generation, a one-percentage-point decrease from 2023. Coal remained the dominant source at 45%, slightly down from 46% in 2023. Total electricity generation rose by 3% to an estimated 283,920 GWh, indicating the growth in electricity generation and consequently, the market for industrial process variable instruments.

Major companies in the industrial process variable instruments sector are developing advanced technologies such as multivariable transmitters to enhance measurement accuracy and operational efficiency. These instruments combine differential pressure, static pressure, and temperature measurements into a single device, enabling precise, continuous flow monitoring while reducing equipment costs. For instance, in January 2024, OleumTech, a US-based company, introduced the H Series Multivariable Transmitter featuring a hardwired process instrumentation system. The transmitter integrates with third-party flow computers and provides high accuracy for critical industrial applications. It includes customizable differential and static pressure ranges, supports external RTD temperature inputs, and features a 350° rotatable backlit LCD display for ease of operation. Additionally, it is explosion-proof for Class I, Division 1 hazardous environments and offers enhanced stability with dual diaphragm overload protection. This launch underscores OleumTech’s commitment to improving reliability and efficiency in industrial automation and process monitoring.

In September 2024, Dwyer Instruments, a US-based manufacturing company, acquired Omega Engineering for an undisclosed sum. Through this acquisition, Dwyer aims to expand its product portfolio and strengthen its global footprint in precision measurement and control technologies. Omega Engineering is a US-based provider of a broad range of instruments for industrial process measurement and control.

Major companies operating in the industrial process variable instruments market are 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.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs on industrial sensing components, electronic assemblies, and metal housings have increased production costs for process variable instruments and slowed procurement cycles for temperature, pressure, level, and flow devices. These tariffs particularly impact segments such as transmitters and control valves, and regions with strong manufacturing bases like Asia-Pacific and North America. Chemicals, oil & gas, and electronics applications face longer lead times and cost fluctuations due to restricted cross-border trade. However, tariffs have also encouraged localized manufacturing, supplier diversification, and innovation in cost-efficient component sourcing, creating selective growth opportunities for regional producers.

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.

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.Asia-Pacific was the largest region in the industrial process variable market in 2025. 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, South East Asia, 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, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

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.

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