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%.
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 firstname.lastname@example.org or 757-258-3100.
Edited by David Greenfield , editorial director
Register here and scroll down to select your choice of eNewsletters free .
|Search the online Automation Integrator Guide|
Case Study Database
Get more exposure for your case study by uploading it to the Control Engineering case study database, where end-users can identify relevant solutions and explore what the experts are doing to effectively implement a variety of technology and productivity related projects.
These case studies provide examples of how knowledgeable solution providers have used technology, processes and people to create effective and successful implementations in real-world situations. Case studies can be completed by filling out a simple online form where you can outline the project title, abstract, and full story in 1500 words or less; upload photos, videos and a logo.
Click here to visit the Case Study Database and upload your case study.