HP Impact: Automation market in process industries forecast for $58 billion
The process automation market, whose resilience is directly related to industry prosperity and health of the economy, has experienced mediocre growth. However, the total automation busi..
The process automation market, whose resilience is
directly related to industry prosperity and health of the
economy, has experienced mediocre growth. However, the total
automation business to process industries worldwide is
projected to grow 4.7%/yr over the next five years. The
market is forecast to be over $58 billion in 2007, according
to a new ARC Advisory Group study
(www.arccweb.com).
With excess capacity globally across many
industries, few manufacturers are building new plants now.
However, with expected economic growth, this will be
absorbed. Although users will remain very conservative in
their spending
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