Process Instrumentation and Measurement Market Intelligence

Process Instrumentation and Measurement Market Description

The global PIM (Process Instrumentation & Measurement) market is expected to grow at a CAGR of 7.18 percent by 2020, to reach $47.70 billion. North America accounts for 30 percent of the market share. The PIM market is fragmented and is competitively catering to a variety of industries with vast end-user segments across industries, such as utilities, chemicals, refining, pharmaceuticals, W&WW (Water & Wastewater), food, etc. Global suppliers of PIM are entering new geographies in the developing regions, such as Chile, Brazil, India, etc., through M&A (Mergers and Acquisitions), thus offering multi-location solutions to global buyers.

A regional market overview of the PIM market in the regions of North America, Europe, APAC, and the remaining countries has been provided in the report. The report identifies the factors that affect the Process Instrumentation and Automation market, including the challenges and opportunities prevalent in the industry. It also discusses the PIM industry drivers and constraints along with Porter’s Five Force Analysis. The report provides the top regional industry suppliers from the regions of North America, Europe, APAC, LATAM and MEA including the supplier profiles of top companies like Siemens, ABB, and Emerson Electric Co.

Beroe gathers intelligence through primary sources that include industry experts, researchers, and consultants, as well as current suppliers, producers and distributors. Secondary sources can include business journals, newsletters, magazines, market research data, company sources, and industry associations. Following data collation, analysis, and strategic review, the Final Research Report is published on Beroe LiVE.

Report Coverage

Global PIM Industry Trends
Regional Market Outlook- North America, Europe, APAC
Supply Trends and Insights
Key Supplier Profiles

Process Instrumentation and Measurement Market Trend, Analysis & Forecast

Category Intelligence on Process Instrumentation and Measurement covers the following

Information relating to market, supply, cost, and pricing analysis
Hard to find data on cost and TCO models, supplier details, and performance benchmarks
Macroeconomic and regional trends impacting cost, supply, and other market dynamics
Category-specific negotiation and sourcing advice

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Executive Summary

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Market Analysis

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Supply Analysis

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Cost & Pricing Analysis

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Best Practices

1. Process Instrumentation and Measurement Executive Summary

1.1 Global PIM Market Outlook: 2016–2020
1.2 Regional Market Outlook
1.3 Supply Market Outlook

2. Process Instrumentation and Measurement Market Analysis

2.1 Global PIM Market Maturity
2.2 Global PIM Industry Trends
2.3 Regional Market Outlook
2.4 Industry Outlook
2.5 Industry Drivers and Constraints
2.6 Industry Dynamics: Porter’s Five Forces Analysis

3. Process Instrumentation and Measurement Supply Analysis

3.1 Supply Trends and Insights
3.2 Supplier Landscape Overview: Automation
3.3 Supplier Preference for PIM Components
3.4 Hierarchy of Control System and Major Players
3.5 Supplier Capability Matrix
3.6 Key Supplier Profiles

4. Process Instrumentation and Measurement Cost & Pricing Analysis

4.1 Cost Structure Analysis
4.2 Cost Breakup of an Automation Project
4.3 Cost Analysis and Expected Savings
4.4 Cost Saving Strategies
4.3 Pricing Model

5. Process Instrumentation and Measurement Procurement Best Practices

5.1 Points to Consider in Purchasing Automation Control System
5.2 Sourcing Model
5.3 Best Practice: Sourcing Process
5.4 Field Instrumentation Contracts
5.6 Negotiation Levers – Volume Based Contract Management
5.7 Maintenance Services
5.8 Engagement Best Practices

Process Instrumentation and Measurement Regional Market Outlook

North America is expected to continue to dominate the market, in terms of growth prospects in adopting automation through to 2020. The APAC region is expected to grow at the fastest CAGR for PIM from 2016 to 2020
Increasing focus on adopting automation across all industry verticals and spending more on new technologies are expected to be major drivers for the coming few years

Global PIM Market Maturity

The global PIM market was valued at $36.15 billion in 2016, and IT is expected to grow at a CAGR of 7.18 percent from 2017 to 2020, to reach $47.70 billion by 2020
North America accounted for 30 percent of the market share in 2016. The PIM market is fragmented and is competitively catering to a variety of industries with vast end-user segments across industries, such as utilities, chemicals, refining, pharmaceuticals, W&WW, food, etc

Global PIM Industry Trends

Increasing levels of focus on high quality PIM equipment in the developed regions, like North America and Western Europe, such as heavy duty dust-tight enclosures, remote-mounted transmitters, etc., signal an increasing buyer maturity and willingness to partner with process control industry players
Global suppliers of PIM are entering new geographies in the developing regions, such as Chile, Brazil, India, etc., through M&A, thus offering multi-location solutions to global buyers
The fragmented automation market in APAC and LATAM has proven to be a big opportunity for global automation OEMs and service providers to tap into this market, thus, boosting the market for PIM

Global PIM Market Overview

The global PIM market is expected to grow from $36.15 billion in 2016 to $47.40 billion in 2020, at an estimated CAGR of 7.18 percent from 2016 to 2020
The global process instrumentation market accounts for 30–35 percent of the global process automation market. With a rising adoption of automation across various industry verticals, growth of the PIM market is also paved simultaneously

Global PIM Market (2016 – 2020)

The global PIM market is driven by technological innovations and increasing demands for automation. Also, cost efficiency, reduction in engineering time, asset utilization, and energy efficiency are some of the major factors driving the growth of the PIM market
The BRIC countries are gaining momentum in the automation industry, with an anticipation to account for one-fourth of the total demand for process instrumentation and automation in the next 2 – 3 years
The global PIM manufacturers have a strong foothold, as there is a robust need for reliable and accurate instruments to support 24×7 manufacturing process

Global PIM Market by Components (2016)

Field instruments are critical products often supporting 24×7 manufacturing processes, and quality is a very essential parameter
Control valves are very important to increase efficiency, safety, and profitability of process industries
Global process industries use different types of field instruments for monitoring and controlling their plants. The amount of benefit businesses reap from process instruments, such as improvement in product quality, emission reduction, reduction in human errors, and cost savings, etc., which are offering more growth opportunities to the PIM market

Cost Breakup of an Automation Project

Complete pricing of an automation project depends on different phases of engaging with an OEM (for product/integration or both), an integrator (for technical consultation/integration of the entire process), end-user benefits (validation/testing, etc., of the complete solution)
The pricing also varies across industries at a regional level

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