Overview of the instrumentation segment

Mondo Education Updated on 2024-01-28

The global flowmeter market reached $5.8 billion in 2022 and is expected to reach $7.7 billion by 2029, growing at a compound annual growth rate (CAGR) of 41%(2023-2029)。The growing mining, petrochemical, refining, food industry, chemicals, and pharmaceuticals industries across the globe will drive the growth of the market.

Figure 1 Global Flow Meter Market Size

Data**: QY Research

Pressure transmitter is an important measurement and control equipment, which is widely used in industry, chemical industry, petroleum, automotive and other fields, and its market scale is also expanding. The global pressure transmitter market reached $3 billion in sales in 2022 and is expected to reach $3.3 billion in 2029, growing at a compound annual growth rate (CAGR) of 17%(2023-2029)。

Figure 2: Global pressure transmitter market size

Data**: QY Research According to the statistics of the China Instrument and Control Society, the market capacity of China's digital pressure testing instruments in 2009 was 2200000000000000000000000000000000000000000900 million yuan, is expected to be 2011-2015 China's digital pressure detection instrument market capacity respectively. 300 million yuan, with a compound growth rate of 10 from 2009 to 20156%;In 2020, the market size affected by the epidemic will be 53900 million yuan, as of 2021, the market size of China's digital pressure detection instruments is 56600 million yuan.

Figure 3 China's digital pressure detection instrument market size from 2012 to 2021

Data**: China Instrument Industry Association.

A level gauge is an instrument used to detect the position of a liquid and the demarcation position. In 2022, the global liquid level gauge market sales reached 10.1 billion yuan, and it is expected to reach 14.2 billion yuan in 2029, with a compound annual growth rate (CAGR) of 49%(2023-2029)。

Figure 4 Global level gauge market size.

Data**: QY Research

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