Energy sectors bolster instrumentation and systems sales

Above-average performance in the oil & gas, refining, utilities, and pharmaceutical industry sectors helps sustain the annual growth rate for the process instrumentation and automation industry at nearly 4%.

11/05/2008


Williamsburg, VA – Without above-average performance from the oil & gas, refining, utilities, and pharmaceutical industry sectors, the annual growth rate for the process instrumentation and automation (PI&A) industry would be much lower than the 3.8% average forecasted this month by Global Foresight Group for the Measurement, Control & Automation Association. The report, “MCAA Annual Market Forecast for Process Instrumentation and Automation in the United States and Canada,” provides data on the 2007 market value and the three-year future annual market forecast for 12 product PI&A categories and industry segments.



Projected CAGR for tracked PI&A products from 2007-2010. Source: MCAA.


The 2007 total market value for the twelve PI&A product categories covered in the report is $7.0 billion for the United States and $812 Million for Canada. In the United States, the annual growth rate is forecasted to be 3.8% per year and 2.8% per year in Canada, over the forecast period. Five products are forecasted for above-average growth in the U.S.—electronic flow, mechanical flow, electronic level, remote I/O, and pressure transmitters. In Canada, electronic flow, electronic level, remote I/O and control systems will experience above-average growth rates. Further, the oil & gas, refining, utilities, and pharmaceutical industry segments are reported to expect above-average growth in the United States; while in Canada, pharmaceuticals, utilities, food & beverage, and chemicals will experience that above-average trend over the forecast period.

Product segments assessed in the report include 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 asset management. Industry segments profiled include: 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.

For more information, contact MCAA at mcaa@measure.org or 757-258-3100.

Edited by David Greenfield , editorial director
Register here and scroll down to select your choice of eNewsletters free .





No comments
The Engineers' Choice Awards highlight some of the best new control, instrumentation and automation products as chosen by...
The System Integrator Giants program lists the top 100 system integrators among companies listed in CFE Media's Global System Integrator Database.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
This eGuide illustrates solutions, applications and benefits of machine vision systems.
Learn how to increase device reliability in harsh environments and decrease unplanned system downtime.
This eGuide contains a series of articles and videos that considers theoretical and practical; immediate needs and a look into the future.
Additive manufacturing advancements; Machine vision enhances robotics; Fieldbus evolution; Process safety; Advice from System Integrators of the Year; Road to IANA
Salary and career survey: Benchmarks and advice; Designing controls; Remote data collection, historians; Control valve advances; Hannover Messe; Control Engineering International
System integration: Best practices and technologies to help; Virtualization virtues; Cyber security advice; Motor system efficiency, savings; Product exclusives; Road to Hannover
This article collection contains several articles on the Industrial Internet of Things (IIoT) and how it is transforming manufacturing.
PLCs, robots, and the quest for a single controller; how OEE is key to automation solutions.

Find and connect with the most suitable service provider for your unique application. Start searching the Global System Integrator Database Now!

The digital oilfield: Utilizing Big Data can yield big savings; Virtualization a real solution; Tracking SIS performance
Getting to the bottom of subsea repairs: Older pipelines need more attention, and operators need a repair strategy; OTC preview; Offshore production difficult - and crucial
Digital oilfields: Integrated HMI/SCADA systems enable smarter data acquisition; Real-world impact of simulation; Electric actuator technology prospers in production fields
click me