Enjoy complimentary customisation on priority with our Enterprise License!
The instrumentation services market size is forecast to increase by USD 1.57 billion at a CAGR of 5.06% between 2022 and 2027. The market is experiencing substantial growth, fueled by the increasing adoption of industrial Internet of Things (IoT) applications and the expanding installed base of instrumentation and control systems across various industries. Moreover, stringent environmental regulations imposed by governments worldwide are driving the demand for advanced instrumentation services to ensure compliance and environmental sustainability. This market's trajectory underscores the pivotal role of instrumentation services in facilitating efficient and compliant industrial operations amid evolving regulatory landscapes and technological advancements in IoT applications. The market research and growth report also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the market forecast report includes historic market data from 2017 to 2021.
To learn more about this report, Download Report Sample
The market is witnessing remarkable growth, driven by the demand for advanced instrumentation services across various segments, including sequencing, clinical diagnostics analysis, and chromatography. With a focus on high-throughput sequencing technologies like DNA and RNA sequencing, the market is poised to address the rising prevalence of chronic and infectious diseases and cater to the growing demand for monoclonal antibodies, vaccines, and therapeutic proteins. Additionally, the integration of cutting-edge technologies such as liquid chromatography, mass spectroscopy, and UV-Vis spectroscopy enhances the efficiency and accuracy of clinical and diagnostics analysis, particularly in cancer research and flow cytometry applications. This convergence of innovative instrumentation services underscores their pivotal role in advancing scientific research, diagnostics, and therapeutic development for improved healthcare outcomes.
The market plays a pivotal role in laboratory operations, offering a diverse array of tools and chemical substances for various applications. From chromatography-related instrumentation to mass spectrometers and microscopes, these services cater to clinical diagnostics and life sciences research. With advanced technologies like PCR and high-throughput sequencing, the sequencing segment witnesses significant growth, particularly in DNA and RNA sequencing. The market also addresses chronic and infectious diseases, contributing to the development of monoclonal antibodies, vaccines, and therapeutic proteins. Liquid chromatography, mass spectroscopy, and UV-Vis spectroscopy ensure precise analysis, especially in cancer diagnostics. Flow cytometers enhance efficiency in clinical and diagnostics analysis, further fuelling market expansion. Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market.
The rising number of industrial Internet of Things applications is the key driver notably driving the growth of the global market. Factors such as advances in cloud computing and big data analytics, rising complexity of machines, and innovation in sensor technology such as wireless and smart sensors are driving the growth of the global IIoT market in the process manufacturing industries. Data generated by connected industrial devices are used to monitor, record, analyze, and extract valuable insights for quick decision-making. Hence, such a decision-making process will lead to the elimination of unintentional human error and improve the productivity and performance of manufacturing plants. Cloud computing and IIoT are used in most of the advanced manufacturing industries. Such technologies simplify the complex process of manufacturing. For IIoT to succeed, instruments such as sensors and valves play an important role. rising adoption of IIoT during 2017-2022 will lead to the upgrade of various instruments and control systems. Hence, rising investment in IIoT is expected to drive the growth of the global market during the forecast period.
On-site deputation of service personnel is the key trend driving the growth of the global market. The growing demand for operating production facilities to the designed capacity is subsequent, rising the stress on equipment and industrial control systems. The industry is looking to run production facilities at high CUF, leading to all concerns that may cause production delays. So, there is a raised focus on keeping the accuracy and precision of instrumentation and control systems at an optimum level. This requires frequent calibration, maintenance, and repair as well as testing of sensors, control valves, and controls. Thus, buyers in the global instrumentation services are rapidly demanding on-site deputation of service personnel by market players. Hence, the on-site deputation of service personnel will increase the demand for instrumentation services, which will drive the global market during the forecast period.
Increasing standardization of instruments and communication protocols is the major challenge for the growth of the global market. The process and discrete manufacturing industries continuously try to raise productivity, which requires an upgrade of the existing instrument or a control system with the available best-in-class solution. However, proprietary systems offered by most of the market players do not allow interoperability between instruments of different companies. Hence, interoperability between instruments drives the global instrumentation service market as industries look for the services of qualified professionals to merge interoperable equipment and instruments. Several companies, such as ABB and Siemens, have been advocating open standards for process automation for a long. However, the rising adoption of open standards in automation has the potential to drive the growth of the global factory automation market. Thus, the rising demand for open standards will be a major challenge that will impede the growth of the market during the forecast period.
The market offers comprehensive solutions catering to various industries and research fields. Services include maintenance and calibration of laboratory tools, ensuring the accuracy and reliability of experimental results. For chemical and life sciences research, specialized services focus on chromatography-related instrumentation, thermal analyzers, mass spectrometers, chromatographs, and sequencers. Skilled technicians provide support for the operation and optimization of these instruments, enhancing research outcomes. In the sequencing segment, services encompass DNA sequencing and polymerase chain reaction (PCR), crucial for genetic analysis and molecular biology studies. Moreover, in the clinical and diagnostics analysis segment, instrumentation services cover flow cytometers, essential for cell analysis in medical diagnostics and research. Additionally, the service segment extends to data analysis, providing insights and interpretation of experimental findings to facilitate informed decision-making in research and development processes.
The calibration segment will account for a major share of the market's growth during the forecast period.? Calibration of industrial instruments such as sensors, gauges, actuators, control valves, and dampers is done to ensure that the measured value of process parameters and operating conditions are as close to actual values. Carefully performed calibration ensures that the corrective action performed by the final control element provides the required level of control action. Several industries follow a high degree of compliance with product specifications defined by concerned authorities.
Get a Customised Report as per your requirements for FREE!
The calibration segment was valued at USD 2.39 billion in 2017 and continued to grow until 2021.? Especially in the process industry, regulatory requirements continue to test the limits of measuring and controlling devices. Factors such as the increasing adoption of industrial control systems, capacity additions in major end-user industries, and stringent food and drug safety regulations will boost the use of complex measurement systems and control devices in the future. also, improving focus on efficiency, emission, recycling, and reuse of natural resources across several manufacturing industries is also driving this segment. Hence, all these factors will drive the growth of the market during the forecast period.
For more insights on the market share of various regions View PDF Sample now!
North America is estimated to contribute 31% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. There has been a notable rise in natural gas production capacity in North America. Production growth is driven by the supply-side as well as demand-side factors. Also, factors such as increasing demand for natural gas from the petrochemicals and power generation industry in the US, Canada, and Mexico are responsible for rising in demand. Factors such as the rising use of public transportation systems and growing dependence on cab facilities are expected to slow down the sales of personal vehicles during the forecast period. Similarly, the US is a global leader in the production of biofuel. Bio-fuel production facilities rely on a high degree of industrial instrumentation to control various process parameters. The US is expected to show a notably raised investment in wastewater treatment to ensure water security for its populations. Hence, the instrumentation services market in the region is expected to increase during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The market caters to various industries with a diverse range of laboratory tools and chemical substances. Spectroscopy, chromatography-related instrumentation, and thermal analyzers are integral for precise analysis in fields like clinical diagnostics and life sciences research. Mass spectrometers, chromatographs, and sequencers facilitate advanced studies in the sequencing segment like DNA sequencing, RNA sequencing, and high-throughput sequencing. These tools play a crucial role in understanding chronic and infectious diseases and developing monoclonal antibodies, vaccines, and therapeutic proteins. Liquid chromatography, mass spectroscopy, and UV-Vis spectroscopy ensure accurate clinical & diagnostics analysis segments, especially in cancer research. Flow cytometers further enhance diagnostic capabilities, making the instrumentation services market indispensable in advancing scientific endeavors and improving healthcare outcomes.
The market plays a vital role across industries, offering essential tools like microscopes and Polymerase Chain Reaction (PCR) systems. While automotive sectors benefit from enhanced productivity growth, the market's high initial investment and demand for advanced equipment necessitate skilled personnel and comprehensive infrastructure. Startups and small businesses face challenges in accessing the market due to its capital-intensive nature and risk exposure. However, collaborations and expansions mitigate these obstacles. Service types include calibration, diagnostics and repair, testing and commissioning, training, and consultancy services, catering to end-user industries like chemicals, food and beverages, and water and wastewater treatment. With offerings spanning distributed control systems (DCS), SCADA, and programmable logic controllers (PLC), the market ensures efficient process control, monitoring, and inspection, along with safety and security measures.
The instrumentation services market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Market Scope |
|
Report Coverage |
Details |
Page number |
169 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.06% |
Market growth 2023-2027 |
USD 1.57 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
4.59 |
Regional analysis |
North America, APAC, Europe, Middle East and Africa, and South America |
Performing market contribution |
North America at 31% |
Key countries |
US, China, Japan, South Korea, and Germany |
Competitive landscape |
Leading companies, Market Positioning of companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
ABB Ltd., Agilent Technologies Inc., Alco Valves Group, Branom Instrument Co., Charnwood Instrumentation Services Ltd., Emerson Electric Co., Honeywell International Inc., KROHNE Messtechnik GmbH, Larsen and Toubro Ltd., Marsh Instrumentation Ltd., Miraj Instrumentation Services I Pvt. Ltd., Parker Hannifin Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Swagelok Co., Trescal International SAS, Utilities Instrumentation Service Inc., Yokogawa Electric Corp., and Endress Hauser Group Services AG |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Service
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.