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PUBLISHER: The Insight Partners | PRODUCT CODE: 1482334

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PUBLISHER: The Insight Partners | PRODUCT CODE: 1482334

Asia Pacific Process Instrumentation Market Size and Forecast, Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Technology, Flow Meter, Level Meter, and End-user Industry

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The Asia Pacific process Instrumentation market size is projected to reach US$ 9.35 billion by 2031 from US$ 5.91 billion in 2023. The market is expected to register a CAGR of 5.9% in 2023-2031.

Rapid industrialization in countries such as India, China, and Vietnam are a significant contributor to the adoption of process instrumentation. Industries such as chemicals, oil & gas, and power generation continue to be large energy consumers. As a result, countries in Asia Pacific are responding to energy efficiency programs with policies and programs to guide specific changes in energy use across sectors. For example, China's economy is energy-intensive due to a huge number of manufacturing industries. The Central Government of China has continued to develop measures to increase building energy efficiency. Energy appliance regulations and labeling, as well as energy service corporations (ESCOs), have all played crucial roles in building energy efficiency. China's 14th Five-Year Plan (2021-2025) contains a mandatory national target to lower energy intensity by 13.5% below 2020 levels by 2025. Also, Jaona's New Strategic Energy Plan aims to achieve 62 million KLOE energy savings, which requires a further 40% efficiency improvement from 2013 to 2030.

Governments of various countries across Asia Pacific are investing in the energy & power sector. For example, in January 2024, the Central Committee of the Politburo of Vietnam, the top government body of the Communist Party of Vietnam, issued resolution no. 55-NQ/TW on February 11, 2020, on Strategic Energy Orientation until 2030 with Vision 2045. This document defined that installed capacity by 2030 is projected to be 125-130GW, which will double its capacity in 10 years. According to Vietnam's Eight National Power Development Plan (PDP8), the total power capacity installed by 2030 will be ~146,000 MW and account for more than 416,000 MW by 2045. The proposed capacity that coal accounts for approximately 30,000 MW of power generation by 2030. As coal's role in power generation diminishes, solar, natural gas, and wind are likely to account for major sources of energy.

The chemicals & energy industry in Singapore has achieved significant global standing, ranking among the top 10 worldwide and emerging as the 9th largest exporter of chemicals in 2022, as per the World Trade Statistical Review 2023. This growth in the chemicals & energy sector in Singapore is attributed to the increasing demand for process instrumentation and the growing importance of energy efficiency and cost optimization in the country. As the industry continues to further expand its global footprint, the demand for advanced process instrumentation solutions is expected to rise, reflecting the country's rapid economic growth and the industry's commitment to enhancing operational efficiency and sustainability. Process instrumentation involves a variety of technologies and solutions designed to enhance process control and efficiency in diverse industries across Singapore. This market is driven by advancements in technology, rising requirements for process control systems, and the increasing emphasis on energy efficiency and cost-effectiveness. The implementation of process instrumentation equipment offers advantages such as enhanced product quality, reduced emissions, decreased human errors, and cost efficiencies.

ABB Ltd.; Emerson Electric Co.; Honeywell International Inc.; Brooks Instrument; Schneider Electric; Siemens; Yokogawa Electric Corporation; Endress+Hauser Group Services AG; Metso Corporation; and Fuji Electric Co, Ltd are among the prominent players profiled in the Asia Pacific process instrumentation market. The Asia Pacific process instrumentation market report emphasizes the key factors driving the market and prominent players' developments.

The overall Asia Pacific process instrumentation market size has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the. The process also helps obtain an overview of Asia Pacific process instrumentation market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights. This process includes industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the Asia Pacific process instrumentation market. The Asia Pacific process instrumentation market forecast can help stakeholders in this marketplace plan their growth strategies.

Product Code: TIPRE00016371

Table Of Contents

1. Introduction

  • 1.1 The Insight Partners Research Report Guidance
  • 1.2 Market Segmentation

2. Executive Summary

  • 2.1 Key Insights

3. Research Methodology

  • 3.1 Coverage
  • 3.2 Secondary Research
  • 3.3 Primary Research

4. Asia Pacific Process Instrumentation Market Landscape

  • 4.1 Overview
  • 4.2 PEST Analysis
  • 4.3 Ecosystem Analysis
    • 4.3.1 Raw Material Providers
    • 4.3.2 Manufacturers
    • 4.3.3 Distributors/Suppliers
    • 4.3.4 End Users
    • 4.3.5 List of Vendors in the Value Chain

5. Asia Pacific Process Instrumentation Market - Key Market Dynamics

  • 5.1 Asia Pacific Process Instrumentation Market - Key Market Dynamics
  • 5.2 Market Drivers
    • 5.2.1 Rising Industrial Automation
    • 5.2.2 Growing Need for Efficient Energy
  • 5.3 Market Restraint
    • 5.3.1 High Cost of Investment, Installation, and Maintenance of Process Instruments
  • 5.4 Market Opportunities
    • 5.4.1 Increasing Investments in Energy & Power Sector
    • 5.4.2 Growth in Pharmaceuticals and Chemical Industries
  • 5.5 Future Trends
    • 5.5.1 Popularity of Smart Instrumentation
  • 5.6 Impact of Drivers and Restraints:

6. Asia Pacific Process Instrumentation Market Analysis

  • 6.1 Asia Pacific Process Instrumentation Market Revenue (US$ Million), 2023-2031
  • 6.2 Asia Pacific Process Instrumentation Market Forecast and Analysis

7. Asia Pacific Process Instrumentation Market Analysis - by Technology

  • 7.1 Flow Meter
    • 7.1.1 Overview
    • 7.1.2 Flow Meter: Asia Pacific Process Instrumentation Market - Revenue and Forecast to 2031 (US$ Million)
  • 7.2 Mass Flow
    • 7.2.1 Overview
    • 7.2.2 Mass Flow: Asia Pacific Process Instrumentation Market - Revenue and Forecast to 2031 (US$ Million)
  • 7.3 EMF
    • 7.3.1 Overview
    • 7.3.2 EMF: Asia Pacific Process Instrumentation Market - Revenue and Forecast to 2031 (US$ Million)
  • 7.4 Vortex
    • 7.4.1 Overview
    • 7.4.2 Vortex: Asia Pacific Process Instrumentation Market - Revenue and Forecast to 2031 (US$ Million)
  • 7.5 Ultrasonic
    • 7.5.1 Overview
    • 7.5.2 Ultrasonic: Asia Pacific Process Instrumentation Market - Revenue and Forecast to 2031 (US$ Million)
  • 7.6 Others
    • 7.6.1 Overview
    • 7.6.2 Others: Asia Pacific Process Instrumentation Market - Revenue and Forecast to 2031 (US$ Million)
  • 7.7 Pressure and Temperature Instrument
    • 7.7.1 Overview
    • 7.7.2 Pressure and Temperature Instrument: Asia Pacific Process Instrumentation Market - Revenue and Forecast to 2031 (US$ Million)
  • 7.8 Analytical Instrument
    • 7.8.1 Overview
    • 7.8.2 Analytical Instrument: Asia Pacific Process Instrumentation Market - Revenue and Forecast to 2031 (US$ Million)
  • 7.9 Level Meter
    • 7.9.1 Overview
    • 7.9.2 Level Meter: Asia Pacific Process Instrumentation Market - Revenue and Forecast to 2031 (US$ Million)
  • 7.10 High frequency Radar
    • 7.10.1 Overview
    • 7.10.2 High frequency Radar: Asia Pacific Process Instrumentation Market - Revenue and Forecast to 2031 (US$ Million)
  • 7.11 TDR
    • 7.11.1 Overview
    • 7.11.2 TDR: Asia Pacific Process Instrumentation Market - Revenue and Forecast to 2031 (US$ Million)
  • 7.12 Others
    • 7.12.1 Overview
    • 7.12.2 Others: Asia Pacific Process Instrumentation Market - Revenue and Forecast to 2031 (US$ Million)

8. Asia Pacific Process Instrumentation Market Analysis - by End-user Industry

  • 8.1 Oil and Gas
    • 8.1.1 Overview
    • 8.1.2 Oil and Gas: Asia Pacific Process Instrumentation Market - Revenue and Forecast to 2031 (US$ Million)
  • 8.2 Energy and Power
    • 8.2.1 Overview
    • 8.2.2 Energy and Power: Asia Pacific Process Instrumentation Market - Revenue and Forecast to 2031 (US$ Million)
  • 8.3 Water and Waste water
    • 8.3.1 Overview
    • 8.3.2 Water and Waste water: Asia Pacific Process Instrumentation Market - Revenue and Forecast to 2031 (US$ Million)
  • 8.4 Food and Beverage
    • 8.4.1 Overview
    • 8.4.2 Food and Beverage: Asia Pacific Process Instrumentation Market - Revenue and Forecast to 2031 (US$ Million)
  • 8.5 Marine
    • 8.5.1 Overview
    • 8.5.2 Marine: Asia Pacific Process Instrumentation Market - Revenue and Forecast to 2031 (US$ Million)
  • 8.6 Petrochemical
    • 8.6.1 Overview
    • 8.6.2 Petrochemical: Asia Pacific Process Instrumentation Market - Revenue and Forecast to 2031 (US$ Million)
  • 8.7 Chemical
    • 8.7.1 Overview
    • 8.7.2 Chemical: Asia Pacific Process Instrumentation Market - Revenue and Forecast to 2031 (US$ Million)
  • 8.8 Others
    • 8.8.1 Overview
    • 8.8.2 Others: Asia Pacific Process Instrumentation Market - Revenue and Forecast to 2031 (US$ Million)

9. Asia Pacific Process Instrumentation Market - Country Analysis

  • 9.1 Asia Pacific
    • 9.1.1 Asia Pacific Process Instrumentation Market Breakdown by Countries
    • 9.1.2 Asia Pacific Process Instrumentation Market Revenue and Forecast and Analysis - by Country
      • 9.1.2.1 Asia Pacific Process Instrumentation Market Revenue and Forecast and Analysis - by Country
      • 9.1.2.2 Singapore: Asia Pacific Process Instrumentation Market - Revenue and Forecast to 2031 (US$ Million)
        • 9.1.2.2.1 Singapore: Asia Pacific Process Instrumentation Market Breakdown by Technology
        • 9.1.2.2.2 Singapore: Asia Pacific Process Instrumentation Market Breakdown by Flow Meter
        • 9.1.2.2.3 Singapore: Asia Pacific Process Instrumentation Market Breakdown by Level Meter
        • 9.1.2.2.4 Singapore: Asia Pacific Process Instrumentation Market Breakdown by End-user Industry
      • 9.1.2.3 Thailand: Asia Pacific Process Instrumentation Market - Revenue and Forecast to 2031 (US$ Million)
        • 9.1.2.3.1 Thailand: Asia Pacific Process Instrumentation Market Breakdown by Technology
        • 9.1.2.3.2 Thailand: Asia Pacific Process Instrumentation Market Breakdown by Flow Meter
        • 9.1.2.3.3 Thailand: Asia Pacific Process Instrumentation Market Breakdown by Level Meter
        • 9.1.2.3.4 Thailand: Asia Pacific Process Instrumentation Market Breakdown by End-user Industry
      • 9.1.2.4 Philippines: Asia Pacific Process Instrumentation Market - Revenue and Forecast to 2031 (US$ Million)
        • 9.1.2.4.1 Philippines: Asia Pacific Process Instrumentation Market Breakdown by Technology
        • 9.1.2.4.2 Philippines: Asia Pacific Process Instrumentation Market Breakdown by Flow Meter
        • 9.1.2.4.3 Philippines: Asia Pacific Process Instrumentation Market Breakdown by Level Meter
        • 9.1.2.4.4 Philippines: Asia Pacific Process Instrumentation Market Breakdown by End-user Industry
      • 9.1.2.5 Vietnam: Asia Pacific Process Instrumentation Market - Revenue and Forecast to 2031 (US$ Million)
        • 9.1.2.5.1 Vietnam: Asia Pacific Process Instrumentation Market Breakdown by Technology
        • 9.1.2.5.2 Vietnam: Asia Pacific Process Instrumentation Market Breakdown by Flow Meter
        • 9.1.2.5.3 Vietnam: Asia Pacific Process Instrumentation Market Breakdown by Level Meter
        • 9.1.2.5.4 Vietnam: Asia Pacific Process Instrumentation Market Breakdown by End-user Industry
      • 9.1.2.6 Rest of APAC: Asia Pacific Process Instrumentation Market - Revenue and Forecast to 2031 (US$ Million)
        • 9.1.2.6.1 Rest of APAC: Asia Pacific Process Instrumentation Market Breakdown by Technology
        • 9.1.2.6.2 Rest of APAC: Asia Pacific Process Instrumentation Market Breakdown by Flow Meter
        • 9.1.2.6.3 Rest of APAC: Asia Pacific Process Instrumentation Market Breakdown by Level Meter
        • 9.1.2.6.4 Rest of APAC: Asia Pacific Process Instrumentation Market Breakdown by End-user Industry

10. Competitive Landscape

  • 10.1 Company Positioning & Concentration
  • 10.2 Heat Map Analysis by Key Players

11. Industry Landscape

  • 11.1 Overview
  • 11.2 Market Initiative
  • 11.3 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 Metso Outotec Corp
    • 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 Brooks Instrument
    • 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 SE
    • 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 Corp
    • 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 Word Index
  • 13.2 About The Insight Partners
Product Code: TIPRE00016371

List Of Tables

  • Table 1. Asia Pacific Process Instrumentation Market Segmentation
  • Table 2. List of Vendors
  • Table 3. Asia Pacific Process Instrumentation Market - Revenue and Forecast to 2031 (US$ Million)
  • Table 4. Asia Pacific Process Instrumentation Market - Revenue and Forecast to 2031 (US$ Million) - by Technology
  • Table 5. Asia Pacific Process Instrumentation Market - Revenue and Forecast to 2031 (US$ Million) - by End-user Industry
  • Table 6. Asia Pacific Process Instrumentation Market - Revenue and Forecast to 2031 (US$ Million) - by Country
  • Table 7. Singapore: Asia Pacific Process Instrumentation Market - Revenue and Forecast to 2031 (US$ Million) - by Technology
  • Table 8. Singapore: Asia Pacific Process Instrumentation Market - Revenue and Forecast to 2031 (US$ Million) - by Flow Meter
  • Table 9. Singapore: Asia Pacific Process Instrumentation Market - Revenue and Forecast to 2031 (US$ Million) - by Level Meter
  • Table 10. Singapore: Asia Pacific Process Instrumentation Market - Revenue and Forecast to 2031 (US$ Million) - by End-user Industry
  • Table 11. Thailand: Asia Pacific Process Instrumentation Market - Revenue and Forecast to 2031 (US$ Million) - by Technology
  • Table 12. Thailand: Asia Pacific Process Instrumentation Market - Revenue and Forecast to 2031 (US$ Million) - by Flow Meter
  • Table 13. Thailand: Asia Pacific Process Instrumentation Market - Revenue and Forecast to 2031 (US$ Million) - by Level Meter
  • Table 14. Thailand: Asia Pacific Process Instrumentation Market - Revenue and Forecast to 2031 (US$ Million) - by End-user Industry
  • Table 15. Philippines: Asia Pacific Process Instrumentation Market - Revenue and Forecast to 2031 (US$ Million) - by Technology
  • Table 16. Philippines: Asia Pacific Process Instrumentation Market - Revenue and Forecast to 2031 (US$ Million) - by Flow Meter
  • Table 17. Philippines: Asia Pacific Process Instrumentation Market - Revenue and Forecast to 2031 (US$ Million) - by Level Meter
  • Table 18. Philippines: Asia Pacific Process Instrumentation Market - Revenue and Forecast to 2031 (US$ Million) - by End-user Industry
  • Table 19. Vietnam: Asia Pacific Process Instrumentation Market - Revenue and Forecast to 2031 (US$ Million) - by Technology
  • Table 20. Vietnam: Asia Pacific Process Instrumentation Market - Revenue and Forecast to 2031 (US$ Million) - by Flow Meter
  • Table 21. Vietnam: Asia Pacific Process Instrumentation Market - Revenue and Forecast to 2031 (US$ Million) - by Level Meter
  • Table 22. Vietnam: Asia Pacific Process Instrumentation Market - Revenue and Forecast to 2031 (US$ Million) - by End-user Industry
  • Table 23. Rest of APAC: Asia Pacific Process Instrumentation Market - Revenue and Forecast to 2031 (US$ Million) - by Technology
  • Table 24. Rest of APAC: Asia Pacific Process Instrumentation Market - Revenue and Forecast to 2031 (US$ Million) - by Flow Meter
  • Table 25. Rest of APAC: Asia Pacific Process Instrumentation Market - Revenue and Forecast to 2031 (US$ Million) - by Level Meter
  • Table 26. Rest of APAC: Asia Pacific Process Instrumentation Market - Revenue and Forecast to 2031 (US$ Million) - by End-user Industry
  • Table 27. Heat Map Analysis by Key Players
  • Table 28. List of Abbreviation

List Of Figures

  • Figure 1. Asia Pacific Process Instrumentation Market Segmentation, by Country
  • Figure 2. PEST Analysis
  • Figure 3. Impact Analysis of Drivers and Restraints
  • Figure 4. Asia Pacific Process Instrumentation Market Revenue (US$ Million), 2023-2031
  • Figure 5. Asia Pacific Process Instrumentation Market Share (%) - by Technology, 2023 and 2031
  • Figure 6. Flow Meter: Asia Pacific Process Instrumentation Market- Revenue and Forecast to 2031 (US$ Million)
  • Figure 7. Mass Flow: Asia Pacific Process Instrumentation Market- Revenue and Forecast to 2031 (US$ Million)
  • Figure 8. EMF: Asia Pacific Process Instrumentation Market- Revenue and Forecast to 2031 (US$ Million)
  • Figure 9. Vortex: Asia Pacific Process Instrumentation Market- Revenue and Forecast to 2031 (US$ Million)
  • Figure 10. Ultrasonic: Asia Pacific Process Instrumentation Market- Revenue and Forecast to 2031 (US$ Million)
  • Figure 11. Others: Asia Pacific Process Instrumentation Market- Revenue and Forecast to 2031 (US$ Million)
  • Figure 12. Pressure and Temperature Instrument: Asia Pacific Process Instrumentation Market- Revenue and Forecast to 2031 (US$ Million)
  • Figure 13. Analytical Instrument: Asia Pacific Process Instrumentation Market- Revenue and Forecast to 2031 (US$ Million)
  • Figure 14. Level Meter: Asia Pacific Process Instrumentation Market- Revenue and Forecast to 2031 (US$ Million)
  • Figure 15. High frequency Radar: Asia Pacific Process Instrumentation Market- Revenue and Forecast to 2031 (US$ Million)
  • Figure 16. TDR: Asia Pacific Process Instrumentation Market- Revenue and Forecast to 2031 (US$ Million)
  • Figure 17. Others: Asia Pacific Process Instrumentation Market- Revenue and Forecast to 2031 (US$ Million)
  • Figure 18. Asia Pacific Process Instrumentation Market Share (%) - by End-user Industry, 2023 and 2031
  • Figure 19. Oil and Gas: Asia Pacific Process Instrumentation Market- Revenue and Forecast to 2031 (US$ Million)
  • Figure 20. Energy and Power: Asia Pacific Process Instrumentation Market- Revenue and Forecast to 2031 (US$ Million)
  • Figure 21. Water and Waste water: Asia Pacific Process Instrumentation Market- Revenue and Forecast to 2031 (US$ Million)
  • Figure 22. Food and Beverage: Asia Pacific Process Instrumentation Market- Revenue and Forecast to 2031 (US$ Million)
  • Figure 23. Marine: Asia Pacific Process Instrumentation Market- Revenue and Forecast to 2031 (US$ Million)
  • Figure 24. Petrochemical: Asia Pacific Process Instrumentation Market- Revenue and Forecast to 2031 (US$ Million)
  • Figure 25. Chemical: Asia Pacific Process Instrumentation Market- Revenue and Forecast to 2031 (US$ Million)
  • Figure 26. Others: Asia Pacific Process Instrumentation Market- Revenue and Forecast to 2031 (US$ Million)
  • Figure 27. Asia Pacific Process Instrumentation Market Breakdown by Key Countries, 2023 and 2031 (%)
  • Figure 28. Singapore: Asia Pacific Process Instrumentation Market - Revenue and Forecast to 2031 (US$ Million)
  • Figure 29. Thailand: Asia Pacific Process Instrumentation Market - Revenue and Forecast to 2031 (US$ Million)
  • Figure 30. Philippines: Asia Pacific Process Instrumentation Market - Revenue and Forecast to 2031 (US$ Million)
  • Figure 31. Vietnam: Asia Pacific Process Instrumentation Market - Revenue and Forecast to 2031 (US$ Million)
  • Figure 32. Rest of APAC: Asia Pacific Process Instrumentation Market - Revenue and Forecast to 2031 (US$ Million)
  • Figure 33. Company Positioning & Concentration
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