February 2007

Trends and Resources

HP Impact: HPImpact: Process automation market to reach nearly $79 billion

Manufacturing companies continue to increase investments in capital expenditures for automation equipment. As a result, the worldwide market for total process automation will grow 6.4%/yr over the nex..

Weirauch, Wendy, Hydrocarbon Processing Staff

Manufacturing companies continue to increase investments in capital expenditures for automation equipment. As a result, the worldwide market for total process automation will grow 6.4%/yr over the next five years, according to a new study from ARC Advisory Group (www.arcweb.com). The market was nearly $58 billion in 2005 and is forecast to reach nearly $79 billion in 2010. The process automation market experienced strong growth over the past two years, and this trend appears to be continuing. Users and suppliers began to rethink the role of automation and its contribution to the profitability and success of manufacturing. Users are demanding increasing operational efficiency and are rely

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