Without above average performance from the Oil & Gas, Refining, Utilities and Pharmaceutical industry sectors, the annual growth rate (CAGR) for the process instrumentation and automation industry would be much lower than the 3.8% average forcasted this month by Global Foresight Group (Rasmusson & Willey).
The Forecast was prepared exclusively for the Measurement, Control & Automation Association which published the report to its members this week. The MCAA Annual Market Forecast for Process Instrumentation and Automation in the United States and Canada. reports the 2007 market value and the three-year future annual market forecast for 12 MCAA product categories and 12 Industry segments.
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