Flow Meter Segment to Dominate Asia Pacific Process Instrumentation Market During 2019-2027
According to a new market research study on “Asia Pacific Process Instrumentation Market Forecast to 2027 - COVID-19 Impact and Analysis-by Technology and Industry, “the market is expected to reach US$ 7,012.28 million by 2027 from US$ 4,570.61 million in 2019. The market is estimated to grow at a CAGR of 5.7% from 2020 to 2027. The report provides trends prevailing in the Asia Pacific process instrumentation market along with the drivers and restraints pertaining to the market growth. Increasing focus toward energy conservation and cost-saving solutions are the major factors driving the Asia Pacific process instrumentation market. However, lack of skilled manpower and preference for low cost solutions hinder the growth of Asia Pacific process instrumentation market.
The market for Asia Pacific process instrumentation market is segmented into technology andindustry. Based on technology, the market is segmented into flow meter, level, pressure &temperature instrument, and analytical. In 2019, the flow meter segment held the largest share of the Asia Pacific process instrumentation market. In terms of industry, the market is categorized into oil & gas, chemical & petrochemical, energy & power, water & waste water, metal & mining, food & beverage, pulp & paper, and others. The chemical & petrochemical segment contributed a substantial share in 2019.
The Asia Pacific region constitutes the world’s two most populated countries as well as manufacturing hubs - India and China. Due to the COVID-19 outbreak, China imposed strict lockdown and social isolation which virtually halted the manufacturing as well as production of numerous components, equipment, and machinery for several weeks, resulting in shrinking its economy. Moreover, the country also isolated its import as well as export of critical raw materials and industrial equipment for numerous industry verticals impacting the supply chain of various end-user industries. Similarly, India also imposed a nationwide lockdown to mitigate the growing number of COVID-19 cases across the country. Subsequent lockdown and disruption in production of numerous industrial instruments across China and India has contributed significantly in adversely impacting the process instrumentation market growth across the Asia-Pacific region. In addition, closure of several wholesalers, distributors, and sales representatives has reduced the availability of industrial products or components from European and North American market players. Furthermore, COVID-19 outbreak is anticipated to cause a loss of more than US $ 3 billion in the Asia Pacific region. The consequence and impact can be even worse and totally depend on the spread of the virus. Governmentsin Asia Pacific are taking possible steps to reduce the effects of this outbreak by announcing lockdowns, which is severely impacting the revenue generated by the market.
ABB Ltd.; Emerson Electric Co.; Endress+Hauser Group Services AG; Honeywell International Inc.; KROHNE Messtechnik GmbH; Rockwell Automation, Inc.; Schneider Electric; Siemens AG; Yokogawa Electric Corporation; and Fuji Electric Co., Ltd. are among the leading companies in the Asia Pacific process instrumentation market.The companies are focused on adopting organic growth strategies, such as product launches and expansions, to sustain their position in the dynamic market. For instance, in September 2020, KROHNE Messtechnik GmbH introduced new advancement for the flow meter customers - a new OPTISWIRL 2100 vortex flowmeter for basic utility applications. It is most cost-effective vortex flowmeters equipped with advanced vortex frequency detection technology.
The report segments the Asia Pacific process instrumentation market as follows:
Asia Pacific Process Instrumentation Market - by Technology
Asia Pacific Process Instrumentation Market- by Industry
Asia Pacific Process Instrumentation Market - by Country
Reasons to Buy
According to a new market research study on “Asia Pacific Process Instrumentation Market Forecast to 2027 - COVID-19 Impact and Analysis-by Technology and Industry, “the market is expected to reach US$ 7,012.28 million by 2027 from US$ 4,570.61 million in 2019. The market is estimated to grow at a CAGR of 5.7% from 2020 to 2027. The report provides trends prevailing in the Asia Pacific process instrumentation market along with the drivers and restraints pertaining to the market growth. Increasing focus toward energy conservation and cost-saving solutions are the major factors driving the Asia Pacific process instrumentation market. However, lack of skilled manpower and preference for low cost solutions hinder the growth of Asia Pacific process instrumentation market.
The market for Asia Pacific process instrumentation market is segmented into technology andindustry. Based on technology, the market is segmented into flow meter, level, pressure &temperature instrument, and analytical. In 2019, the flow meter segment held the largest share of the Asia Pacific process instrumentation market. In terms of industry, the market is categorized into oil & gas, chemical & petrochemical, energy & power, water & waste water, metal & mining, food & beverage, pulp & paper, and others. The chemical & petrochemical segment contributed a substantial share in 2019.
The Asia Pacific region constitutes the world’s two most populated countries as well as manufacturing hubs - India and China. Due to the COVID-19 outbreak, China imposed strict lockdown and social isolation which virtually halted the manufacturing as well as production of numerous components, equipment, and machinery for several weeks, resulting in shrinking its economy. Moreover, the country also isolated its import as well as export of critical raw materials and industrial equipment for numerous industry verticals impacting the supply chain of various end-user industries. Similarly, India also imposed a nationwide lockdown to mitigate the growing number of COVID-19 cases across the country. Subsequent lockdown and disruption in production of numerous industrial instruments across China and India has contributed significantly in adversely impacting the process instrumentation market growth across the Asia-Pacific region. In addition, closure of several wholesalers, distributors, and sales representatives has reduced the availability of industrial products or components from European and North American market players. Furthermore, COVID-19 outbreak is anticipated to cause a loss of more than US $ 3 billion in the Asia Pacific region. The consequence and impact can be even worse and totally depend on the spread of the virus. Governmentsin Asia Pacific are taking possible steps to reduce the effects of this outbreak by announcing lockdowns, which is severely impacting the revenue generated by the market.
ABB Ltd.; Emerson Electric Co.; Endress+Hauser Group Services AG; Honeywell International Inc.; KROHNE Messtechnik GmbH; Rockwell Automation, Inc.; Schneider Electric; Siemens AG; Yokogawa Electric Corporation; and Fuji Electric Co., Ltd. are among the leading companies in the Asia Pacific process instrumentation market.The companies are focused on adopting organic growth strategies, such as product launches and expansions, to sustain their position in the dynamic market. For instance, in September 2020, KROHNE Messtechnik GmbH introduced new advancement for the flow meter customers - a new OPTISWIRL 2100 vortex flowmeter for basic utility applications. It is most cost-effective vortex flowmeters equipped with advanced vortex frequency detection technology.
The report segments the Asia Pacific process instrumentation market as follows:
Asia Pacific Process Instrumentation Market - by Technology
- Flow Meter
- Level
- Pressure &Temperature Instrument
- Analytical
Asia Pacific Process Instrumentation Market- by Industry
- Oil & Gas
- Chemical & Petrochemical
- Energy & Power
- Water & Waste Water
- Metal & Mining
- Food & Beverage
- Pulp & Paper
- Others
Asia Pacific Process Instrumentation Market - by Country
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia Pacific
Reasons to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Asia Pacific process instrumentation market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific process instrumentation market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.
Table of Contents
1. Introduction1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Process Instrumentation Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 Asia Pacific
4.3 Ecosystem Analysis
4.4 Expert Opinions
4.5 Premium Insights
4.5.1 Competitive Benchmarking of companies by Flow in Malaysia
4.5.2 Competitive Benchmarking of companies by Level in Malaysia
4.5.3 Competitive Benchmarking of companies for Metering Systems
4.5.4 Total Market Share for Technologies in Custody Transfer Metering System Market in the APAC Region
4.5.5 Multiphase Flow meter Market Analysis for Malaysia & APAC
5. Process Instrumentation Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Focus Toward Energy Conservation and Cost-Saving Solutions
5.1.2 Rising Penetration in Wide Range of Industrial Verticals
5.2 Market Restraints
5.2.1 Lack of Skilled Manpower and Preference for Low Cost Solutions
5.3 Market Opportunities
5.3.1 Increasing Demand for Smart and Advanced Technology
5.4 Future Trends
5.4.1 Growing Demand for Digital and Online Solutions and Services
5.5 Impact Analysis of Drivers and Restraints
6. Process Instrumentation Market - Asia Pacific Analysis
6.1 Asia Pacific: Process Instrumentation Market
6.1.1 Asia Pacific: Process Instrumentation Market - Revenue and Forecast to 2027 (US$ Million)
6.2 Market Positioning- Top Five Players
7. Process Instrumentation Market Analysis - By Technology
7.1 Overview
7.2 Process Instrumentation Market, By Technology (2019 and 2027)
7.3 Flow Meter
7.3.1 Overview
7.3.2 Flow Meter: Process Instrumentation Market - Revenue, and Forecast to 2027 (US$ Million)
7.3.3 Coriolis
7.3.3.1 Overview
7.3.3.2 Coriolis: Process Instrumentation Market - Revenue, and Forecast to 2027 (US$ Million)
7.3.4 Ultrasonic
7.3.4.1 Overview
7.3.4.2 Ultrasonic: Process Instrumentation Market - Revenue, and Forecast to 2027 (US$ Million)
7.3.5 Variable Area
7.3.5.1 Overview
7.3.5.2 Variable Area: Process Instrumentation Market - Revenue, and Forecast to 2027 (US$ Million)
7.3.6 Magnetic
7.3.6.1 Overview
7.3.6.2 Magnetic: Process Instrumentation Market - Revenue, and Forecast to 2027 (US$ Million)
7.3.7 Others
7.3.7.1 Overview
7.3.7.2 Others: Process Instrumentation Market - Revenue, and Forecast to 2027 (US$ Million)
7.4 Level
7.4.1 Overview
7.4.2 Level: Process Instrumentation Market - Revenue, and Forecast to 2027 (US$ Million)
7.5 Pressure and Temperature Instrument
7.5.1 Overview
7.5.2 Pressure and Temperature Instrument: Process Instrumentation Market - Revenue, and Forecast to 2027 (US$ Million)
7.6 Analytical
7.6.1 Overview
7.6.2 Analytical: Process Instrumentation Market - Revenue, and Forecast to 2027 (US$ Million)
8. Process Instrumentation Market Analysis - By Industry
8.1 Overview
8.2 Process Instrumentation Market, By Industry (2019 and 2027)
8.3 Oil and Gas
8.3.1 Overview
8.3.2 Oil and Gas: Process Instrumentation Market - Revenue, and Forecast to 2027 (US$ Million)
8.4 Chemical and Petrochemical
8.4.1 Overview
8.4.2 Chemical and Petrochemical: Process Instrumentation Market - Revenue, and Forecast to 2027 (US$ Million)
8.5 Energy and Power
8.5.1 Overview
8.5.2 Energy and Power: Process Instrumentation Market - Revenue, and Forecast to 2027 (US$ Million)
8.6 Water and Waste Water
8.6.1 Overview
8.6.2 Water and Waste Water: Process Instrumentation Market - Revenue, and Forecast to 2027 (US$ Million)
8.7 Metal and Mining
8.7.1 Overview
8.7.2 Metal and Mining: Process Instrumentation Market - Revenue, and Forecast to 2027 (US$ Million)
8.8 Food and Beverage
8.8.1 Overview
8.8.2 Food and Beverage: Process Instrumentation Market - Revenue, and Forecast to 2027 (US$ Million)
8.9 Pulp and Paper
8.9.1 Overview
8.9.2 Pulp and Paper: Process Instrumentation Market - Revenue, and Forecast to 2027 (US$ Million)
8.10 Others
8.10.1 Overview
8.10.2 Others: Process Instrumentation Market - Revenue, and Forecast to 2027 (US$ Million)
9. Asia-Pacific Process Instrumentation Market - Country Analysis
9.1 Australia: Process Instrumentation Market
9.1.1 Australia: Process Instrumentation Market, by Technology
9.1.1.1 Australia: Process Instrumentation Market, by Flow Meter Type
9.1.2 Australia: Process Instrumentation Market, by Industry
9.2 China: Process Instrumentation Market
9.2.1 China: Process Instrumentation Market, by Technology
9.2.1.1 China: Process Instrumentation Market, by Flow Meter Type
9.2.2 China: Process Instrumentation Market, by Industry
9.3 India: Process Instrumentation Market
9.3.1 India: Process Instrumentation Market, by Technology
9.3.1.1 India: Process Instrumentation Market, by Flow Meter Type
9.3.2 India: Process Instrumentation Market, by Industry
9.4 Japan: Process Instrumentation Market
9.4.1 Japan: Process Instrumentation Market, by Technology
9.4.1.1 Japan: Process Instrumentation Market, by Flow Meter Type
9.4.2 Japan: Process Instrumentation Market, by Industry
9.5 South Korea: Process Instrumentation Market
9.5.1 South Korea: Process Instrumentation Market, by Technology
9.5.1.1 South Korea: Process Instrumentation Market, by Flow Meter Type
9.5.2 South Korea: Process Instrumentation Market, by Industry
9.6 Malaysia: Process Instrumentation Market
9.6.1 Malaysia: Process Instrumentation Market, by Technology
9.6.1.1 Malaysia: Process Instrumentation Market, by Flow Meter Type
9.6.2 Malaysia: Process Instrumentation Market, by Industry
9.7 Indonesia: Process Instrumentation Market
9.7.1 Indonesia: Process Instrumentation Market, by Technology
9.7.1.1 Indonesia: Process Instrumentation Market, by Flow Meter Type
9.7.2 Indonesia: Process Instrumentation Market, by Industry
9.8 Thailand: Process Instrumentation Market
9.8.1 Thailand: Process Instrumentation Market, by Technology
9.8.1.1 Thailand: Process Instrumentation Market, by Flow Meter Type
9.8.2 Thailand: Process Instrumentation Market, by Industry
9.9 Rest of Asia-Pacific: Process Instrumentation Market
9.9.1 Rest of Asia-Pacific: Process Instrumentation Market, by Technology
9.9.1.1 Rest of Asia-Pacific: Process Instrumentation Market, by Flow Meter Type
9.9.2 Rest of Asia-Pacific: Process Instrumentation Market, by Industry
10. Process Instrumentation Market- COVID-19 Impact Analysis
10.1 Asia Pacific
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New 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 KROHNE Messtechnik GmbH
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 Rockwell Automation, Inc.
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
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 Corporation
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 About the Publisher
List of Tables
Table 1. Australia: Process Instrumentation Market, by Technology - Revenue and Forecast to 2027 (US$ Million)
Table 2. Australia: Process Instrumentation Market, by Flow Meter Type - Revenue and Forecast to 2027 (US$ Million)
Table 3. Australia: Process Instrumentation Market, by Industry - Revenue and Forecast to 2027 (US$ Million)
Table 4. China: Process Instrumentation Market, by Technology - Revenue and Forecast to 2027 (US$ Million)
Table 5. China: Process Instrumentation Market, by Flow Meter Type - Revenue and Forecast to 2027 (US$ Million)
Table 6. China: Process Instrumentation Market, by Industry - Revenue and Forecast to 2027 (US$ Million)
Table 7. India: Process Instrumentation Market, by Technology - Revenue and Forecast to 2027 (US$ Million)
Table 8. India: Process Instrumentation Market, by Flow Meter Type - Revenue and Forecast to 2027 (US$ Million)
Table 9. India: Process Instrumentation Market, by Industry - Revenue and Forecast to 2027 (US$ Million)
Table 10. Japan: Process Instrumentation Market, by Technology - Revenue and Forecast to 2027 (US$ Million)
Table 11. Japan: Process Instrumentation Market, by Flow Meter Type - Revenue and Forecast to 2027 (US$ Million)
Table 12. Japan: Process Instrumentation Market, by Industry - Revenue and Forecast to 2027 (US$ Million)
Table 13. South Korea: Process Instrumentation Market, by Technology - Revenue and Forecast to 2027 (US$ Million)
Table 14. South Korea: Process Instrumentation Market, by Flow Meter Type - Revenue and Forecast to 2027 (US$ Million)
Table 15. South Korea: Process Instrumentation Market, by Industry - Revenue and Forecast to 2027 (US$ Million)
Table 16. Malaysia: Process Instrumentation Market, by Technology - Revenue and Forecast to 2027 (US$ Million)
Table 17. Malaysia: Process Instrumentation Market, by Flow Meter Type - Revenue and Forecast to 2027 (US$ Million)
Table 18. Malaysia: Process Instrumentation Market, by Industry - Revenue and Forecast to 2027 (US$ Million)
Table 19. Indonesia: Process Instrumentation Market, by Technology - Revenue and Forecast to 2027 (US$ Million)
Table 20. Indonesia: Process Instrumentation Market, by Flow Meter Type - Revenue and Forecast to 2027 (US$ Million)
Table 21. Indonesia: Process Instrumentation Market, by Industry - Revenue and Forecast to 2027 (US$ Million)
Table 22. Thailand: Process Instrumentation Market, by Technology - Revenue and Forecast to 2027 (US$ Million)
Table 23. Thailand: Process Instrumentation Market, by Flow Meter Type - Revenue and Forecast to 2027 (US$ Million)
Table 24. Thailand: Process Instrumentation Market, by Industry - Revenue and Forecast to 2027 (US$ Million)
Table 25. Rest of Asia-Pacific: Process Instrumentation Market, by Technology - Revenue and Forecast to 2027 (US$ Million)
Table 26. Rest of Asia-Pacific: Process Instrumentation Market, by Flow Meter Type - Revenue and Forecast to 2027 (US$ Million)
Table 27. Rest of Asia-Pacific: Process Instrumentation Market, by Industry - Revenue and Forecast to 2027 (US$ Million)List of Figures
Figure 1. Process Instrumentation Market Segmentation
Figure 2. Process Instrumentation Market Segmentation - By Country
Figure 3. Process Instrumentation Market Overview
Figure 4. Flow Meter Segment is Expected to Dominate the Market by Technology
Figure 5. Food & Beverage Segment is Expected to Witness the High Growth During the Forecast Period 2020-2027
Figure 6. Asia Pacific PEST Analysis
Figure 7. Process Instrumentation Market, Ecosystem
Figure 8. Process Instrumentation Market Impact Analysis of Drivers and Restraints
Figure 9. Asia Pacific: Process Instrumentation Market - Revenue and Forecast to 2027 (US$ Million)
Figure 10. Process Instrumentation Market Revenue Share, by Technology (2019 and 2027)
Figure 11. Flow Meter: Process Instrumentation Market - Revenue, and Forecast to 2027 (US$ Million)
Figure 12. Coriolis: Process Instrumentation Market - Revenue, and Forecast to 2027 (US$ Million)
Figure 13. Ultrasonic: Process Instrumentation Market - Revenue, and Forecast to 2027 (US$ Million)
Figure 14. Variable Area: Process Instrumentation Market - Revenue, and Forecast to 2027 (US$ Million)
Figure 15. Magnetic: Process Instrumentation Market - Revenue, and Forecast to 2027 (US$ Million)
Figure 16. Others: Process Instrumentation Market - Revenue, and Forecast to 2027 (US$ Million)
Figure 17. Level: Process Instrumentation Market - Revenue, and Forecast to 2027 (US$ Million)
Figure 18. Pressure and Temperature Instrument: Process Instrumentation Market - Revenue, and Forecast to 2027 (US$ Million)
Figure 19. Analytical: Process Instrumentation Market - Revenue, and Forecast to 2027 (US$ Million)
Figure 20. Process Instrumentation Market Revenue Share, by Industry (2019 and 2027)
Figure 21. Oil and Gas: Process Instrumentation Market - Revenue, and Forecast to 2027 (US$ Million)
Figure 22. Chemical and Petrochemical: Process Instrumentation Market - Revenue, and Forecast to 2027 (US$ Million)
Figure 23. Energy and Power: Process Instrumentation Market - Revenue, and Forecast to 2027 (US$ Million)
Figure 24. Water and Waste Water: Process Instrumentation Market - Revenue, and Forecast to 2027 (US$ Million)
Figure 25. Metal and Mining: Process Instrumentation Market - Revenue, and Forecast to 2027 (US$ Million)
Figure 26. Food and Beverage: Process Instrumentation Market - Revenue, and Forecast to 2027 (US$ Million)
Figure 27. Pulp and Paper: Process Instrumentation Market - Revenue, and Forecast to 2027 (US$ Million)
Figure 28. Others: Process Instrumentation Market - Revenue, and Forecast to 2027 (US$ Million)
Figure 29. Australia: Process Instrumentation Market - Revenue and Forecast to 2027 (US$ Million)
Figure 30. China: Process Instrumentation Market - Revenue and Forecast to 2027 (US$ Million)
Figure 31. India: Process Instrumentation Market - Revenue and Forecast to 2027 (US$ Million)
Figure 32. Japan: Process Instrumentation Market - Revenue and Forecast to 2027 (US$ Million)
Figure 33. South Korea: Process Instrumentation Market - Revenue and Forecast to 2027 (US$ Million)
Figure 34. Malaysia: Process Instrumentation Market - Revenue and Forecast to 2027 (US$ Million)
Figure 35. Indonesia: Process Instrumentation Market - Revenue and Forecast to 2027 (US$ Million)
Figure 36. Thailand: Process Instrumentation Market - Revenue and Forecast to 2027 (US$ Million)
Figure 37. Rest of Asia-Pacific: Process Instrumentation Market - Revenue and Forecast to 2027 (US$ Million)
Figure 38. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ABB Ltd.
- Emerson Electric Co.
- Endress+Hauser Group Services AG
- Honeywell International Inc.
- KROHNE Messtechnik GmbH
- Rockwell Automation, Inc.
- Schneider Electric
- Siemens AG
- Yokogawa Electric Corporation
- Fuji Electric Co., Ltd.
