People in the industry say ‘if you can’t measure it, you can’t make it’. Instrumentation provides significant opportunities for organisations to improve their manufacturing efficiency, grow market share, sales and profits. In fact, instrumentation underpins a wide range of industrial activity and is a key enabling technology for successful economic growth. If we look at Fortune Global 500 companies and FTSE 100 companies, 50% of the revenues (sales of £1,500bn) and 70% of the revenue (sales of £120bn) respectively are in sectors that are highly dependent on instrumentation.
Although instrumentation is extremely important in the market, the sector is highly fragmented with a diversity of technologies and variety of market niches. Our recent Qi3 Insight report ‘From Sensor to Answer: How the Winds of Change are reshaping the Instrumentation Sector’ highlights some emerging instrumentation opportunities:
- Field instrumentation, especially networks of sensors, and for hazardous environments
- Multi-analyte & speciation sensors
- Combined instrumentation modalities to provide novel solutions to new applications and markets
- Value added services through fusion, synthesis and transformation of data from instruments to provide relevant knowledge and answers to users. This may be integrated into the instrument or may require innovative partnerships
New perspectives on instrumentation should focus on Innovation, Improved Performance, Deployment from Lab to Field, and Technology Change. This new view will assist companies to map the impact of changes and help them to rethink their value chain. Mail me to receive a copy of our main findings.