06182019Tue
Last updateTue, 18 Jun 2019 6pm

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Trends & Forecasts

Process Instrumentation and Automation Market to Grow at 4.4%

Process Instrumentation and Automation MarketThe process instrumentation and automation market in the United States, currently valued at $13.9 billion, is projected to grow at a compounded annual growth rate (CAGR) of 4.4% and reach a total of $17.3 billion in 2023, according to a market forecast published by the Measurement, Control & Automation Association (MCAA). The percentage increase over the five years is projected to be about 24%. The reported market value slightly exceeded the $13.6 billion projected for 2018 in the 2014 MCAA Market report.


Highlights from VMA’s 2019 Leadership Forum

John HillenValve industry executives gathered in Toronto last month to network, exchange ideas and learn about diverse topics relating to their leadership, including economic issues, digitization of enterprises and how to adapt as a leader in a changing organization.

VALVE Magazine: Readers’ Choice 2018

Happy New Year to our VALVE Magazine readers and contributors. Because our content is created exclusively for and by our own readers, it’s thanks to you that VALVE continues to provide valuable information on technical matters, standards updates and best business practices.

Hopefully, you’ve had time to peruse most of the features offered over the past year. In case you ran short of time, here is a great opportunity to catch up on the best of the best. Enjoy these, our Readers’ Choice 2018 articles from both the print edition and features created specifically for the web.

John Spears: Advisor to the “Oil Patch”

Many people in the valve industry recognize the name John Spears because he has been a featured speaker at VMA’s Market Outlook for many years. Attendees and those who read what VMA reports in VALVE Magazine and online rely on Spears thoughts on the oil and gas industry and where it’s headed to keep them up to date on “the oil patch,” the term he uses for the industry.

Few know, however, just how deep his roots lie.

Looking Toward 2019 at Power Gen and Valve World

Two recent events over the last month brought together valve manufacturers and end users, and VMA members and staff were there to learn all that’s new in the industry.

In late November, the biennial Valve World Expo was held again in Dusseldorf, and, according to Stephane Meunier, director of international business development at Cowan Dynamics, the show proved the valve industry is still strong. “Despite a reduced number of exhibitors, the show was very well attended,” he said. Older companies showcased some of their newest technology alongside some new names to the global valve and actuator industry. “With many of the industry leaders pursuing various realignment activities, the pulse was indicative of an exciting 2019 ahead.”

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