Growth expected: 3.6% a year, most in electronic flow, pressure, remote I/O, electronic level, MCAA says
Williamsburg, VA —
Measurement, Control & Automation Association (MCAA)
Four products are predicted to grow faster than the average: electronic flow, pressure, remote I/O devices, and electronic level. Oil and gas, utility power, refining, and biopharmaceuticals segments will have above average growth. What can such benchmark numbers mean? Plants not investing in technology upgrades in those areas may get left behind.
MCAA reports the current year annual market value and the three-year future annual market forecast for 12 MCAA product categories and 12 industry segments. The report looks at product segments including 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 devices, data acquisition systems, and final control devices.
Additionally, there are discussions of trends in two emerging technologies, wireless transmitters and fieldbus. Industry segments are oil and gas (production and transmission), petroleum refining, chemicals, bio-pharmaceutical, food and beverage, pulp and paper, electric utilities, municipal water and wastewater, primary metals, mining, stone, clay and glass, and all other (semiconductor, textiles, etc.)
The MCAA report provides a “Global Foresight Group ReMaP Assessment” for the United States and Canada. ReMaP (reference method accuracy and precision) assessment provides past three-year growth rates in the market potential between selected products and regions within the U.S. and Canada.
The 2006 total market value for the 12 PI&A product categories covered in this report is $6.7 billion for the U.S. and $784 million for Canada, MCAA says.
In the U.S., the ReMaP assessment shows the 2003 annual market value (base year) and the regional annual percent growth by industry segment over the three-year period, 2003 to 2006. Canadian results show the distribution of the 2006 market value, and future reports will build a historical base for the Canadian market.
Also in the U.S., several regional variations in growth rates stand out in the period 2003 to 2006. In the Northeast, the market for field instruments grew above average in the petroleum group (oil and gas and refining) due to increased activity in oil & gas drilling and refining in Pennsylvania and New Jersey.
According to MCAA president Cynthia Esher, “This addition to the family of MCAA products and services provides significant additional resources to our members.”
Global Foresight Group Rasmusson & Willey LLC prepared the120-page report for the MCAA members, which they receive at no cost. Canadian Process Control Association members will also be able to obtain a copy of the report. Non-members can purchase the report for $2,000 from MCAA.
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