PUBLISHER: The Business Research Company | PRODUCT CODE: 1770029
PUBLISHER: The Business Research Company | PRODUCT CODE: 1770029
A measuring instrument is a device used to quantify a physical property or quantity of an object, such as length, mass, temperature, or time. It delivers numerical data by comparing the measurement to a standard unit.
Measuring instruments are mainly categorized into electrical, mechanical, optical, and other types. Electrical measuring instruments specifically measure electrical parameters like current, voltage, resistance, and power within circuits. These devices serve a range of purposes, including quality control, process monitoring, calibration, research and development, and testing. They are available through various distribution channels, both online and offline, and are employed by diverse end-users such as manufacturing industries, laboratories, healthcare centers, educational institutions, and more.
The measuring instrument market research report is one of a series of new reports from The Business Research Company that provides measuring instrument market statistics, including measuring instrument industry global market size, regional shares, competitors with the measuring instrument market share, detailed measuring instrument market segments, market trends and opportunities, and any further data you may need to thrive in the measuring instrument industry. This measuring instrument 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.
The measuring instrument market size has grown strongly in recent years. It will grow from $52.07 billion in 2024 to $56.63 billion in 2025 at a compound annual growth rate (CAGR) of 8.8%. The growth during the historic period was driven by the adoption of smart factories, increasing demand for non-contact measurement, expansion of the semiconductor industry, growth in the renewable energy sector, and the miniaturization of electronic devices.
The measuring instrument market size is expected to see strong growth in the next few years. It will grow to $78.45 billion in 2029 at a compound annual growth rate (CAGR) of 8.5%. Growth in the forecast period is expected to be driven by advances in industrial automation, increasing demand for quality control, expansion of manufacturing activities, adherence to regulatory compliance, and the need for process optimization. Key trends include AI integration, wireless connectivity, sensor miniaturization, cloud-based data analytics, and the development of portable measurement tools.
The growing adoption of automation is expected to boost the growth of the measuring instruments market in the near future. Automation involves using technologies like robotics, AI, and IoT to perform tasks with minimal human involvement, enhancing efficiency, accuracy, and consistency in industrial operations. The rising use of automation is mainly driven by the demand for improved operational efficiency and cost savings, as automated systems complete repetitive tasks faster, more accurately, and at a lower cost over time compared to manual labor. Measuring instruments support automation by providing precise real-time data that enables systems to monitor, control, and optimize processes with minimal human input. For example, in September 2023, a report from the International Federation of Robotics revealed that global industrial robot installations reached 553,052 units in 2022, marking a 5% increase from 2021, reflecting strong demand in automation-focused industries. Thus, the rising adoption of automation is propelling the measuring instruments market forward.
Leading companies in the measuring instrument market are advancing technologies such as microcurrent measurement to improve precision and detect extremely low electrical currents. Microcurrent measurement technology enables the accurate detection of very weak electrical signals, which is essential for applications like biomedical devices, semiconductor testing, and environmental sensors. For instance, in June 2024, Advantest Corporation, a Japan-based semiconductor testing equipment manufacturer, introduced the WEL2100, a new model in its nanoSCOUTER particle measuring line that utilizes microcurrent measurement technology. This instrument can rapidly and precisely measure the number, size, and zeta potential of particles as small as under 30 nm. With a minimum pore diameter of 50 nm, it delivers high-precision, low-noise measurements without needing calibration before each use.
In July 2023, KKR & Co. Inc., a US-based investment management firm, acquired Industrial Physics for an undisclosed sum. This acquisition allows KKR & Co. Inc. to meet its investment goals, allocate capital to the equipment testing sector, and diversify its investment portfolio further. Industrial Physics is a US-based manufacturer specializing in test, measurement, and inspection equipment.
Major players in the measuring instrument market are Thermo Fisher Scientific Inc., Schneider Electric SE, Honeywell International Inc., ABB Ltd., Emerson Electric Co., Hilti Corporation, Tektronix Inc., Agilent Technologies, Ametek Inc., Fortive Corporation, Makita Corporation, Keysight Technologies, Siemens AG, Mettler-Toledo International Inc., Yokogawa Electric Corporation, Rohde & Schwarz GmbH & Co KG, HIOKI E.E. Corporation, Horiba Ltd., National Instruments Corporation, Spectris plc.
Asia-Pacific was the largest region in the measuring instrument market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in measuring instrument report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the measuring instrument market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The measuring instrument market consists of sales of pressure gauges, temperature sensors, thermometers, flow meters, level sensors, humidity meters, multimeters, oscilloscopes, voltage testers, spectrometers, chromatographs, pH meters, calipers, and micrometers. 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 and 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.
Measuring Instrument Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on measuring instrument market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for measuring instrument ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The measuring instrument market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.