The process instrumentation and automation market is projected to grow 4.4% by 2023, according to a report from the Measurement, Control and Automation Association (MCAA).
The report, prepared by Global Automation Research LLC analysts, focuses on the Process Instrumentation and Automation (PI&A) markets in the United States and Canada.
Three industries accounted for more than 50% of the 2018 total process automation market: chemicals, oil refining and electric utilities. These three industries, plus food and beverage, and pharmaceuticals will be the fastest growing segments over the five-year forecast period. (Full Article)
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