We are pleased to share our snapshot overview on the Process Sensors sector.
The report focuses on manufacturers of industrial sensors and related instrumentation used in the monitoring, control, and optimization of continuous or batch processes involving fluids, gases, chemicals, or bulk materials. The sensors are one of the key elements of digitalisation and modernisation of Industrial Automation for Process Industries, which includes broader use of smart sensors and wireless technology, predictive maintenance and condition monitoring, cloud and edge computing Integration.
The range of customers and applications is very broad and includes process industries such as oil and gas, chemicals, pharmaceuticals, food and beverage, water and wastewater treatment, pulp and paper, and other sectors. Some sensors have applications outside process manufacturing in HVAC, building automation, environmental, automotive and others.
Depending on the industry and intended use, end customer requirements can vary and may include not only the sensor’s measuring principle, measuring range, and form factor, but also features such as chemical and abrasion resistance, protection against moisture and dust, hygienic or sanitary design, and safety for use in potentially explosive atmospheres.
Technological advancements improve accuracy and responsiveness of sensors, enable non-invasive measurements and miniaturization, provide more robustness in difficult conditions, live diagnostics and auto-calibration. A growing variety of analytical sensors is becoming available, which allow real-time acquisition of data that was previously confined to laboratory analysis (e.g., inline spectroscopy, real-time pH sensors).
Sensor connectivity plays an important role in modern automation architectures. Fieldbus, wireless, and IP-based protocols (wired, wireless, or application-level) enable new functionality and integration capabilities.
The global Process Sensors Market is valued at USD 17 bn in 2023, and is projected to reach USD 23 bn by 2032, growing at a CAGR of 3%. The factors driving the growth include digital transformation and modernisation, expanding process industries, and environmental mandates.
Strategic investors are pursuing market consolidation, as well as broadening of their product portfolios, providing the acquired companies with access to capital, technology, and global distribution networks. There is significant interest in the European sensor producers from international buyers.
Private equity funds have successfully executed buy-and-build strategies, achieving value through select exits. As part of an increased focus on “Industrial Tech” situations we are perceiving a rising interest of private equity also in the sensor and automation space.
The process sensor industry is evolving rapidly, with strong long-term growth tied to process optimisation, digital transformation and sustainability. To thrive, manufacturers must balance innovation and integration with cost-efficiency and reliability.
The sector remains attractive for buy and build strategies, offering significant consolidation potential.
Please reach out to us if you would like to discuss the sector in more detail or would like to talk about specific transaction opportunities in the space!
Link zum Sector Snapshot (EN)
