Powder & Bulk Solids is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Process Instrumentation and Automation Forecast

Process Instrumentation and Automation Forecast

The Measurement, Control & Automation Association (MCAA) has published its Annual Market Forecast, prepared by Global Automation Research. The report covers 12 industry segments and 12 product categories of the Process Instrumentation and Automation Industry (PI&A) for the U.S. and Canada. The forecast timeline covers 2014-2019.

The five-year forecast for the PI&A market in the U.S. predicts a healthy Compound Annual Growth Rate of 4.3 percent. Despite the recent decline in oil & gas prices, the report predicts increased spending in the chemicals, food & beverage, and pharmaceutical industries. along with increased demand for cement, metals, pulp and paper.

The PI&A market in Canada is predicted to closely track that of the U.S., with a Compound Annual Growth Rate of 4.2 percent. Downturns in Canadian oil & gas spending will be offset by growth in the electric utilities, mining, pharmaceutical, refining, chemicals, and food and beverage sectors.

For North America as a whole, electronic flow and electronic level will have above average growth over the forecast period. Microwave level leads the growth sector in level measurements, while guided wave microwave growth will be moderated due to the drop in oil & gas spending. The remainder of the product categories will have moderate growth over the forecast period, with the exception of declining shares in mechanical flow and level.

MCAA exists to help the management teams of process and factory automation product and solution providers run and grow successful businesses by offering timely, unique, and specialized resources acquired from shared management benchmarks where proprietary company information is secure.

For related articles, news, and equipment reviews, visit our Instrumentation & Control Equipment Zone

Click here for information about the upcoming Powder & Bulk Solids Canada conference/exhibition

Click here for a List of Instrumentation & Control Equipment Manufacturers
 

TAGS: News News
Hide comments
account-default-image

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish