PUBLISHER: The Insight Partners | PRODUCT CODE: 1780286
PUBLISHER: The Insight Partners | PRODUCT CODE: 1780286
The process instrumentation market size was valued at US$ 19.18 billion in 2024 and is expected to reach US$ 27.93 billion by 2031; it is estimated to record a CAGR of 5.8% from 2025 to 2031.
South and Central America is segmented into Brazil, Argentina, and the Rest of SAM. Government in the region is increasingly investing in digitalization. For example, in September 2024, BNDES and Finep announced the launch of operations for the digital transformation of micro, small, and medium-sized industrial businesses as part of the Brasil Mais Produtivo program. An initial ~US$ 27 million (BRL 160 million) will be allocated to smart factory development, with an additional US$ 69 million (BRL 400 million) to formulate digitalization plans, resulting in a total investment of ~US$ 69 million (BRL 560 million). In September 2022, the Mechanical Engineering Department at the Universidad de Chile was awarded 1.7 billion Chilean pesos from CORFO's "Strategic Technology Program: Driving Advanced Manufacturing using the Technological Revolution". Digital transformation and advanced manufacturing are pushing industries to adopt smart, automated systems that rely heavily on precise process instrumentation. These technologies enable real-time data collection, remote monitoring, and predictive maintenance, improving efficiency and reducing downtime. As a result, demand for advanced instrumentation solutions is rising across sectors such as chemicals and food processing.
According to Drinktec in April 2025, the steady growth of Brazil's beverage sector, fueled by rising local demand and momentum across all segments, is accelerating the adoption of advanced manufacturing technologies. This expansion is driving the SAM process instrumentation market, as beverage producers increasingly invest in precise measurement and control tools such as flow meters, pressure sensors, and level transmitters to ensure product quality, regulatory compliance, and operational efficiency across high-volume production lines.
Brazil launched a new industrial policy, Nova Industria Brasil (NIB), in January 2024, which aims to boost the country's industrial development through sustainability, innovation, and technological advancement. With ~US$ 60 billion (BRL 300 billion) in financing by 2026, this policy seeks to strengthen Brazil's competitiveness in global markets, create high-quality jobs, and promote national development. The strategy includes goals such as improving industrial capacity, boosting exports, and fostering eco-friendly technologies. This shift toward industrial innovation and technological progress will significantly impact Brazil's process instrumentation market as industries increasingly adopt advanced automation, digitalization, and sustainability practices. Additionally, new plants are being established in the country. For example, in January 2025, CROMOGENIA UNITS reinforced its commitment to the Brazilian market with the opening of a new chemical specialties plant in the state of Parana, in collaboration with AMINOLEATHER INDUSTRIA E COMERCIO LTDA. In October 2023, Buhler, Cargill, Givaudan, the Institute of Food Technology (Ital), and the FoodTech HUB Latam jointly announced the opening of the Tropical Food Innovation Lab, an innovation ecosystem for the development of sustainable food and beverages focused on promoting Brazilian biodiversity.
ABB Ltd.; Emerson Electric Co.; Honeywell International Inc.; Brooks Instrument; Schneider Electric; Siemens; Yokogawa Electric Corporation; Endress+Hauser Group Services AG; Metso Outotec Corp; and Fuji Electric Co., Ltd are among the key process instrumentation market players that are profiled in this market study.
The overall 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 process instrumentation market size. The process also helps obtain an overview and forecast of the 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 process instrumentation market.