Middle East and South Africa Process Instrumentation and Measurement Market, By Product Type (Pressure Transmitters, Flowmeters, Temperature, Process Analytics, and Level Transmitters), Component (Hardware, Software, and Services), Industry (Oil & Gas, Water and Wastewater, Chemical, Food & Beverages, Energy & Power, Metals & Mining, Pulp & Paper, and Others) - Industry Trends and Forecast to 2029.
Middle East and South Africa Process Instrumentation and Measurement Market Analysis and Size
Process instrumentation and measurement equipment such as pressure transmitters, flowmeters, temperature transmitters, and others are prominently used among various sectors such as Oil & Gas, Water and Wastewater, Chemical, Food & Beverages, Energy & Power, and Others to ensure safety, effective utilization of resources, and enhancing operational capabilities.
The increasing demand for generating energy/electricity is expected to drive market growth. Technological advancement in process instruments and measurement solutions is expected to drive market growth. However, technical challenges faced in Process instrumentation and measurement equipment are expected to impede market growth. According to Data Bridge Market Research analyses, the Middle East and South Africa process instrumentation and measurement market will grow at a CAGR of 4.1% during the forecast period of 2022 to 2029.
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product Type (Pressure Transmitters, Flowmeters, Temperature, Process Analytics, and Level Transmitters), Component (Hardware, Software, and Services), Industry (Oil & Gas, Water and Wastewater, Chemical, Food & Beverages, Energy & Power, Metals & Mining, Pulp & Paper, and Others).
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Countries Covered
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Saudi Arabia, U.A.E., South Africa, Egypt, Iraq, Qatar, Kuwait, Iran, Bahrain, Oman, and the Rest of the Middle East.
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Market Players Covered
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Honeywell International Inc., Christian Bürkert GmbH & Co. KG, INSTRUMATION, KROHNE Messtechnik GmbH, ABB, Siemens, Emerson Electric Co., Schneider Electric, Azbil Corporation., Endress+Hauser Group Services AG, Yokogawa Electric Corporation, Hitachi High-Tech Europe GmbH., Fuji Electric Co., Ltd., and PARKER HANNIFIN CORP, among others.
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Market Definition
An instrument is a device used for determining the value or magnitude of a quantity or variable. Measuring instruments, and formal test methods which define the instrument’s use, are the means by which the variables and the relations between variables are found. Instrumentation is the basis for the control of a process. It provides various indications to the operator for controlling the process. Instrumentation is used in almost every industrial process and generating system, where consistent and reliable operations are required. Instrumentation provides the means of monitoring, recording, and controlling a process to maintain it at the desired state. The common parameters which need measurement are fluid pressure, fluid flow rate, and the temperature of an object, fluid volume stored in a vessel, chemical concentration, machine position, motion, or acceleration, among others.
Middle East and South Africa Process Instrumentation and Measurement Market Dynamics
This section deals with understanding the market drivers, opportunities, restraints, and challenges. All of this is discussed in detail as below:
Drivers
- INCREASING DEMAND FOR GENERATING ENERGY/ELECTRICITY
Electricity has been around humankind for quite some time. In recent times, electricity has been among the most basic building block of human civilization or modern societies as it is safe, reliable, and affordable. Moreover, it is one of the key elements of sustainable development, providing the backbone for social and economic growth.
- RAPID GROWTH IN POPULATION, URBANIZATION, AND INDUSTRIALIZATION
Over a decade, industrialization and urbanization have played a significant role in energy generation & consumption. A growing population across the globe and the majority of the population shifting towards urban areas for better opportunities and better living standards plays a vital role in shaping the energy production sector.
- TECHNOLOGICAL ADVANCEMENT IN PROCESS INSTRUMENT AND MEASUREMENT SOLUTION
As a result of the digital advancement and emergence of new technologies, businesses from all industries have jumped on the digital bandwagon. Developments in smart instrumentation systems are offering opportunities for industrial process operations. Providing real-time access to an expanded array of information, these developments can help to dramatically improve process performance.
Opportunities
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INCREASE IN DEMAND FOR CRUDE OIL, G.A.S., AND OIL DRILLING ACTIVITIES
The oil and gas industry is considered to be the biggest sector in the world. The oil and gas industry is engaged in the exploration, extraction, refining, transportation, and marketing of petroleum and gas products in the Middle East and South Africa market.
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THE RISING NEED FOR WATER & WASTEWATER MANAGEMENT SOLUTIONS
Wastewater management is a process or an approach to protect water resources, and it is defined as the collection, treatment, and reuse of wastewater. The strategic usage of wastewater generated via domestic, industrial, and commercial use is essential for wastewater treatment. As upon water treatment, the water can be used for various other alternative processes such as agriculture, domestic and other industry activities.
Restraints/Challenges
- RISING CARBON FOOTPRINT ACROSS ALL MAJOR SECTORS
Carbon footprint refers to the total carbon emissions by an entity or person that can be accessed based on greenhouse gases such as CO2 throughout the product's life cycle. It is calculated in terms of major consumption categories such as housing, travel, food, product, and services. The calculation estimates the impact on the climate due to our actions. The carbon emission impact on each sector is specified below.
Covid-19 Impact on Middle East and South Africa Process Instrumentation and Measurement Market
COVID-19 has negatively affected the market. As the Middle East and South Africa Process Instrumentation and Measurement systems were in high demand, companies such as Honeywell International Inc., Christian Bürkert GmbH & Co. KG, INSTRUMATION, and others in the Middle East and South Africa faced absolute difficulty in providing advanced systems for new vehicles and old vehicles due to shortage of semiconductor control chips and controllers, and this was due to strict regulations were imposed by the government. Moreover, the limited supply of semiconductor chips and gadgets has significantly affected the supply of vehicles in the market.
Recent Development
- In April, KROHNE Messtechnik GmbH announced the launch of Clamp-on flowmeters in the Optisonic 6300 series. The addition of products will be helpful in expanding the product portfolio. The company will be able to target new customers with new products. It will be easier to target new markets with enhanced products.
Middle East and South Africa Process Instrumentation and Measurement Market Scope
Middle East and South Africa process instrumentation and measurement market are segmented on the basis of product type, component, and industry. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Pressure Transmitters
- Flowmeters
- Temperature
- Process Analytics
- Level Transmitters
On the basis of application, the Middle East and South Africa process instrumentation and measurement market is segmented into pressure transmitters, flowmeters, temperature, process analytics, and level transmitters.
Component
- Hardware
- Software
- Services
On the basis of components, the Middle East and South Africa process instrumentation and measurement market are segmented into hardware, software, and services.
Industry
- Oil & Gas
- Water and Wastewater
- Chemical
- Food & Beverages
- Energy & Power
- Metals & Mining
- Pulp & Paper
- Others
On the basis of Industry, the Middle East and South Africa process instrumentation and measurement market is segmented into oil & gas, water and wastewater, chemical, food & beverages, energy & power, metals & mining, pulp & paper, and others.
Middle East and South Africa Process Instrumentation and Measurement Market Regional Analysis/Insights
Middle East and South Africa process instrumentation and measurement market are analysed, and market size insights and trends are provided by country, product type, component, and industry, as referenced above.
The countries covered in the Middle East and South Africa process instrumentation and measurement market report are Saudi Arabia, U.A.E., South Africa, Egypt, Iraq, Qatar, Kuwait, Iran, Bahrain, Oman, and the Rest of the Middle East.
Saudi Arabia dominates in the Middle East and South Africa region due to an increase in government regulations for the efficient use of fuel and energy, which is boosting the market growth.
The country section of the report also provides individual market-impacting factors and changes in regulations in the market domestically that impact the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, disease epidemiology, and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Middle East and South Africa brands and their challenges faced due to large or scarce competition from local and domestic brands and the impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and the Middle East and South Africa Process Instrumentation and Measurement Market Share Analysis
Middle East and South Africa process instrumentation and measurement market competitive landscape provide details by the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Middle East and South Africa presence, production sites and facilities, production capacities, company strengths and weaknesses, solution launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the Middle East and South Africa process instrumentation and measurement market.
Some of the major players operating in the Middle East and South Africa process instrumentation and measurement market are Honeywell International Inc., Christian Bürkert GmbH & Co. KG, INSTRUMATION, and KROHNE Messtechnik GmbH, among others.
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