Global Industrial Process Variable Instruments Market (2020 to 2030) - Covid 19 Impact and Recovery - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Industrial Process Variable Instruments Global Market Report 2020-30: Covid 19 Impact and Recovery" report has been added to ResearchAndMarkets.com's offering.

The global industrial process variable instruments market was worth $100.78 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 7.36% and reach $133.88 billion by 2023.

The industrial process variable instruments market has been geographically segmented into North America, Western Europe, Asia-Pacific, Eastern Europe, South America, Middle East and Africa. In 2019, Asia Pacific was the largest region in the industrial process variable instruments market. North America is expected to be the fastest growing region in the industrial process variable instruments market in the forecast period.

Industrial Process Variable Instruments Market Global Report 2020 from the publisher provides the strategists, marketers and senior management with the critical information they need to assess the global industrial process variable instruments market as it emerges from the Covid 19 shut down.

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The industrial process variable instruments market covered in this market is segmented by type into temperature, pressure, level, flow, others.

The complexity regarding the use of process variable instruments in the food industry restricts the growth of the industrial process variable instruments market. The process control instruments used in the food industry may contact the food product while monitoring temperature, pressure, level, and flow are required to be following the hygienic requirements designed to provide cleanable and healthy contact surfaces.

Further, different food items produced require different temperatures, pressures, and sanitary requirements thus this leaves very little space for the manufacturers of industrial process variable instruments to add any extra advance features to the instrument while ensuring that it meets sanitary as well as operational requirements. Thus, the complexities of using the process variable instruments in the food industry restraints the growth of the industrial process variable instruments market.

The increasing demand for chemicals and oil and gas drives the growth of the industrial process variable instruments market. The industrial process variable instruments are used in oil and gas facilities for monitoring and controlling the operating conditions. The operating conditions are monitored to meet safety, environmental regulations, and to ensure stability in plant operations. The increased demand for oil and gas will require more production facilities to be set up, thus, increasing the demand for industrial process variable instruments.

In July 2019, Stratford-Cambridge Group, a Michigan based private equity firm specialized exclusively in the manufacturing sector with a particular focus on engineered products acquired Applied Instruments, Inc. company for an undisclosed amount. Through this acquisition, Stratford-Cambridge Group mainly focuses on smaller, industrial companies in the Midwest, and sees organic growth opportunities with Applied Instruments Inc. that would expand its client base to other parts of the USA, Canada, and Mexico. Applied Instruments, Inc. manufacturer of RF test and measurement equipment focused primarily on the satellite, CATV, and off-air broadcast sectors of the telecommunications industry.

Companies Mentioned

• 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
  

Key Topics Covered:

1. Executive Summary

2. Industrial Process Variable Instruments Market Characteristics

3. Industrial Process Variable Instruments Market Size And Growth

3.1. Global Industrial Process Variable Instruments Historic Market, 2015 - 2019, $ Billion

3.1.1. Drivers Of The Market

3.1.2. Restraints On The Market

3.2. Global Industrial Process Variable Instruments Forecast Market, 2019 - 2023F, 2025F, 2030F, $ Billion

3.2.1. Drivers Of The Market

3.2.2. Restraints On the Market

4. Industrial Process Variable Instruments Market Segmentation

4.1. Global Industrial Process Variable Instruments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

5. Industrial Process Variable Instruments Market Regional And Country Analysis

5.1. Global Industrial Process Variable Instruments Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

5.2. Global Industrial Process Variable Instruments Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

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