Market Overview:
The global process indicator market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for industrial automation and rising awareness about safety and security in industrial facilities. Based on type, the global process indicator market is segmented into panel-mount and wall-mount indicators. Panel-mount indicators are more popular than wall-mount indicators, as they are easier to install and provide better visibility of the process parameters. Based on application, the global process indicator market is segmented into machine tool, strain gauge, pump, and other applications. The machine tool application dominates this market owing to its widespread use in various industries such as automotive, aerospace & defense, metal fabrication etc., where precision machining is required for manufacturing products with tight tolerances.
Product Definition:
A process indicator is a quantitative measure of the degree to which a manufacturing or business process is operating under its design specifications. Process indicators are used to troubleshoot and improve processes.
Panel-Mount:
The global panel-mount market size was valued at USD 1.6 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. The growth can be attributed to the increasing demand for process indicators from various end-use industries such as oil & gas, power generation, water & wastewater treatment, food processing and packaging among others.
Wall-Mount:
Wall-Mount is a device that is fixed on the wall and it displays process indicator which can be used to monitor the flow of liquid in industries. It’s primary function is to prevent accidents caused by spillage or leakage. These indicators are available in different forms such as colored liquids, moving parts, and bubbles etc., depending upon the industry requirement.
These indicators help industries to identify problems early so that they can be rectified before they cause any major damage.
Application Insights:
The machine tool application segment accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for high precision machining operations across various industries, such as aerospace & defense, automotive and industrial machinery.
Pumps are used in numerous applications including oil & gas, chemical processing plants among others. They are also used as indicators of system health during power outages or other failures that may interrupt normal plant operations.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising demand for process indicators from various end-use industries such as metalworking, oil & gas, food processing, pharmaceuticals and chemical. China is one of the largest manufacturing hubs across this region owing to low labor costs coupled with easy availability of land. These factors are expected to boost product demand in China over the forecast period.
Europe accounted for a significant share in terms of volume as well as revenue in 2017 owing to high R&D investments by manufacturers operating within this region coupled with technological advancements made by them based on international standards and guidelines pertaining industrial automation technology.
Growth Factors:
- Increasing demand from the automotive and aerospace industries for process indicators with higher accuracy and precision
- Growing popularity of online process monitoring and control systems that require real-time data acquisition from process indicators
- Proliferation of smart factories, which need advanced process control systems to optimize production processes
- Rising demand for industrial IoT applications that require reliable communication between sensors and controllers
- Emergence of new technologies such as machine learning and big data analytics that can improve the accuracy of process indicator readings
Scope Of The Report
Report Attributes
Report Details
Report Title
Process Indicator Market Research Report
By Type
Panel-Mount, Wall-Mount
By Application
Machine Tool, Strain Gauge, Pump, Other
By Companies
Siko, Omega, Ascon Tecnologic, Simex, Motrona, Magtrol, Waycon, Burster, Kubler, BD Sensors, SENECA, Selec, Kutai, Akytec
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Process Indicator Market Report Segments:
The global Process Indicator market is segmented on the basis of:
Types
Panel-Mount, Wall-Mount
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Machine Tool, Strain Gauge, Pump, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Siko
- Omega
- Ascon Tecnologic
- Simex
- Motrona
- Magtrol
- Waycon
- Burster
- Kubler
- BD Sensors
- SENECA
- Selec
- Kutai
- Akytec
Highlights of The Process Indicator Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Panel-Mount
- Wall-Mount
- By Application:
- Machine Tool
- Strain Gauge
- Pump
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Process Indicator Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Process indicator is a software tool that helps managers and employees track the progress of specific tasks or projects. It can also help identify potential problems and suggest solutions.
Some of the major companies in the process indicator market are Siko, Omega, Ascon Tecnologic, Simex, Motrona, Magtrol, Waycon, Burster, Kubler, BD Sensors, SENECA, Selec, Kutai, Akytec.
The process indicator market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Process Indicator Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Process Indicator Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Process Indicator Market - Supply Chain
4.5. Global Process Indicator Market Forecast
4.5.1. Process Indicator Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Process Indicator Market Size (000 Units) and Y-o-Y Growth
4.5.3. Process Indicator Market Absolute $ Opportunity
5. Global Process Indicator Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Process Indicator Market Size and Volume Forecast by Type
5.3.1. Panel-Mount
5.3.2. Wall-Mount
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Process Indicator Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Process Indicator Market Size and Volume Forecast by Application
6.3.1. Machine Tool
6.3.2. Strain Gauge
6.3.3. Pump
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Process Indicator Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Process Indicator Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Process Indicator Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Process Indicator Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Process Indicator Demand Share Forecast, 2019-2026
9. North America Process Indicator Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Process Indicator Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Process Indicator Market Size and Volume Forecast by Application
9.4.1. Machine Tool
9.4.2. Strain Gauge
9.4.3. Pump
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Process Indicator Market Size and Volume Forecast by Type
9.7.1. Panel-Mount
9.7.2. Wall-Mount
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Process Indicator Demand Share Forecast, 2019-2026
10. Latin America Process Indicator Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Process Indicator Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Process Indicator Market Size and Volume Forecast by Application
10.4.1. Machine Tool
10.4.2. Strain Gauge
10.4.3. Pump
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Process Indicator Market Size and Volume Forecast by Type
10.7.1. Panel-Mount
10.7.2. Wall-Mount
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Process Indicator Demand Share Forecast, 2019-2026
11. Europe Process Indicator Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Process Indicator Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Process Indicator Market Size and Volume Forecast by Application
11.4.1. Machine Tool
11.4.2. Strain Gauge
11.4.3. Pump
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Process Indicator Market Size and Volume Forecast by Type
11.7.1. Panel-Mount
11.7.2. Wall-Mount
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Tye
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Process Indicator Demand Share, 2019-2026
12. Asia Pacific Process Indicator Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Process Indicator Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Process Indicator Market Size and Volume Forecast by Application
12.4.1. Machine Tool
12.4.2. Strain Gauge
12.4.3. Pump
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Process Indicator Market Size and Volume Forecast by Type
12.7.1. Panel-Mount
12.7.2. Wall-Mount
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Process Indicator Demand Share, 2019-2026
13. Middle East & Africa Process Indicator Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Process Indicator Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Process Indicator Market Size and Volume Forecast by Application
13.4.1. Machine Tool
13.4.2. Strain Gauge
13.4.3. Pump
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Process Indicator Market Size and Volume Forecast by Type
13.7.1. Panel-Mount
13.7.2. Wall-Mount
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Process Indicator Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Process Indicator Market: Market Share Analysis
14.2. Process Indicator Distributors and Customers
14.3. Process Indicator Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Siko
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Omega
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Ascon Tecnologic
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Simex
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Motrona
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Magtrol
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Waycon
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Burster
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Kubler
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. BD Sensors
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. SENECA
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Selec
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Kutai
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Akytec
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
