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Blog
Instrumentation industry group releases study
November 6, 2007
If you're either a member of MCAA (Measurement, Control & Automation Association) or feeling affluent enough to spend $2000, you can get a copy of the association's new three-year market forecast covering specific product classifications and industry segments.
According to the release, here are the areas of interest:
"The product segments are Gas Analytical Instruments, Liquid Analytical Instruments, Pressure Instruments, Electronic Flowmeters, Mechanical Flowmeters/Primary Elements, Electronic Level, Mechanical Level/Tank Gauging, Temperature Instruments, Control Systems, Remote I/O, Data Acquisition Systems, Final Control Devices. Also included are discussions of the trends in two Emerging Technologies, Wireless Transmitters and Fieldbus.
"The industry segments used are Oil & Gas (Production and Transmission), Petroleum Refining, Chemicals, Bio-Pharmaceutical, Food & Beverage, Pulp & Paper, Electric Utilities, Municipal Water & WasteWater, Primary Metals, Mining, Stone, Clay and Glass, and All Other (Semiconductor, Textiles, etc.)."
It probably isn't a shock to learn that the areas poised for the highest growth are energy related. Oil, gas, refining, and utilities. Pharmaceutical is up there too. If you combine them all, they account for roughly 30-35% of the total market. That has to be good news for member manufacturers.
Areas that represent the highest users of subject products, lumped into a classification of chemical processors representing about 25% of the total market, are a bit more stagnant with growth in the 3% or so range. Pulp & paper pulls down the class average with growth below 2%.
Long story short, life is good if you are a producer in this industry. An unscientific poll at user groups says that business is strong for control and instrumentation suppliers. This news usually manifests itself for consumers of such equipment as longer deliveries and higher prices, but indications are that this has not reached chronic levels.
One interesting number cited in the study is the total that MCAA reckons for a total value of the 12 product classes listed above. For 2006 the total market value is $6.7 billion for the U.S. How much did you contribute to that amount?
Posted by Peter Welander on November 6, 2007 | Comments (0)