Process industry products, services to reach $786 billion by 2010

Basel, Switzerland—The worldwide market for 'plant-related products and external services' in the process industries is projected to grow from $553 billion in 2000 to $631 billion in 2005 and $786 billion by 2010, according to a new study, 'Process Plant Markets 2010,' by Intechno Consulting.


Basel, Switzerland— The worldwide market for 'plant-related products and external services' in the process industries is projected to grow from $553 billion in 2000 to $631 billion in 2005 and $786 billion by 2010, according to a new study, 'Process Plant Markets 2010,' by Intechno Consulting . This translates to an average annual growth rate of 2.7% between 2000 and 2005; 4.5% annual increase between 2005 and 2010; and an overall annual rate of 3.6% for the decade.

The report adds that power plants and chemicals are the largest demand sectors for construction materials, equipment, software and services for plants in the process industries. With an annual growth rate of at least 6.4%, pharmaceuticals is the fastest-growing process industry.

In 2000, approximately 21.2% of the global demand came from Western Europe; 6.6% from Eastern Europe; 31.4% from North America; 6.0% from South America; 28.1% from the Asia-Pacific region, and around 6.1% from the rest of the world. By 2010, Asia-Pacific's share is projected to grow to 31.6%. In highly industrialized countries, the trend is towards more productive, more efficient, and more flexible plants and, at the same time, increasing availability and environmental sustainability. The processes are becoming less and less resource and emission intensive.

InMES). Approximately 51.3% of total demand was for mechanical works; 16.7% for construction; and about 7.7% for overall plant construction services. By 2010, electrical products' share will reach 26.0%, while mechanical products' share will shrink to 48.3%. The construction sector is projected to remain stable at 16.7%. The fastest growth is expected in MESs.

Also, Intechno's report adds that outsourcing services are gaining importance. More customers are demanding packages, including design, construction, financing and plant operations. Consequently, plant competence will have to be viewed more as operating competence, while the importance of strictly technological competence shrinks. Training will likely have to focus more on effectively monitoring and coordinating outside suppliers worldwide. As a result, large OEMs and turnkey suppliers will increasingly take on the role of system integrators.

Control Engineering Daily News Desk
Jim Montague, news editor

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.
Each year, a panel of Control Engineering and Plant Engineering editors and industry expert judges select the System Integrator of the Year Award winners in three categories.
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 benefits; HMI and sensor tips; System integrator advice; Innovations from the industry
Robotic safety, collaboration, standards; DCS migration tips; IT/OT convergence; 2017 Control Engineering Salary and Career Survey
Integrated mobility; Artificial intelligence; Predictive motion control; Sensors and control system inputs; Asset Management; Cybersecurity
Featured articles highlight technologies that enable the Industrial Internet of Things, IIoT-related products and strategies to get data more easily to the user.
This article collection contains several articles on how automation and controls are helping human-machine interface (HMI) hardware and software advance.
This digital report will explore several aspects of how IIoT will transform manufacturing in the coming years.

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

Infrastructure for natural gas expansion; Artificial lift methods; Disruptive technology and fugitive gas emissions
Mobility as the means to offshore innovation; Preventing another Deepwater Horizon; ROVs as subsea robots; SCADA and the radio spectrum
Future of oil and gas projects; Reservoir models; The importance of SCADA to oil and gas
Automation Engineer; Wood Group
System Integrator; Cross Integrated Systems Group
Jose S. Vasquez, Jr.
Fire & Life Safety Engineer; Technip USA Inc.
This course focuses on climate analysis, appropriateness of cooling system selection, and combining cooling systems.
This course will help identify and reveal electrical hazards and identify the solutions to implementing and maintaining a safe work environment.
This course explains how maintaining power and communication systems through emergency power-generation systems is critical.
click me