This website uses cookies primarily for visitor analytics. Certain pages will ask you to fill in contact details to receive additional information. On these pages you have the option of having the site log your details for future visits. Indicating you want the site to remember your details will place a cookie on your device. To view our full cookie policy, please click here. You can also view it at any time by going to our Contact Us page.

Global process instrumentation and automation market set to grow

15 May 2017

The value of the global market for process instrumentation and automation is forecast to grow at a five-year compound annual growth rate of 4% between 2016 and 2021, according to figures from Global Automation Research.

Control systems, field measurements, and final control devices account for 80% of the total global market, with the fastest growing product lines including contact and non-contact microwave level, ultrasonic flow, Coriolis flow, electronic/pneumatic positioners, TDL moisture measurements, optical dissolved oxygen analyzers and remote I/O. Products that appear to be losing market share include mechanical flow, mechanical level, data acquisition systems, and pneumatic positioners. 

Application areas such as life sciences, electric and water & wastewater utilities, chemicals, and petroleum industries are all growing above the market average, while materials production industries are growing much slower as prices and global over-capacity dominate.

Print this page | E-mail this page