NEW PROFILE STUDY PRONOUNCES PROCESS CONTROL INSTRUMENTATION MARKET TO BE IN GOOD SHAPE.LONDON--(BUSINESS WIRE)--Despite growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. predicted to be slower than those achieved in the 1980's, demand for process control instrumentation instrumentation, in music: see orchestra and orchestration. instrumentation In technology, the development and use of precise measuring, analysis, and control equipment. (PCI (1) (Payment Card Industry) See PCI DSS. (2) (Peripheral Component Interconnect) The most widely used I/O bus (peripheral bus). ) is expected to increase as demand for energy saving and emission control The selective and controlled use of electromagnetic, acoustic, or other emitters to optimize command and control capabilities while minimizing, for operations security: a. detection by enemy sensors; b. mutual interference among friendly systems; and/or c. drive the European market. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a new profile study by international market research publisher Frost & Sullivan, detailing the European market for process control instrumentation - which includes systems and equipment used in continuous and batch processes - many developments are now coming of age and advancements in Europe derived from many years of development are enlarging ENLARGING. Extending or making more comprehensive; as an enlarging statute, which is one extending the common law. the market. The study includes an overview, analysis and discussion of the Western European market and the PCI supplier structure, it provides a detailed analysis of 123 leading manufacturers and suppliers, whilst also being useful as an analysis of the total market by country, region and end-user industry. The report also contains an analysis of competitor market shares for the leading suppliers in each major product category throughout Western Europe Western Europe The countries of western Europe, especially those that are allied with the United States and Canada in the North Atlantic Treaty Organization (established 1949 and usually known as NATO). . Frost & Sullivan says: "Two areas of technology which have had a very significant effect on the PCI market are computer technology, which has been a major force in driving down the price of very powerful machines to a level which has enabled many small to medium sized companies to now consider providing software for process and manufacturing control." "The other is communication which plays as increasingly important role in the field of control and automation technology; as the exchange of data between individual parts of a plant and within automation levels must take place rapidly and safely," the report continues. Frost & Sullivan estimates the market for process control instrumentation to have been worth $6098 million in 1993 and predict that it will reach $8710 million by the end of the study period in 2000. The product market is dominated by sensors and digital control systems with and estimated 1993 value of $2460 million and $1716 million. The sensor A device that measures or detects a real-world condition, such as motion, heat or light and converts the condition into an analog or digital representation. An optical sensor detects the intensity or brightness of light, or the intensity of red, green and blue for color systems. market, currently accounting for 40.6 per cent of the total PCI market, has hundreds of companies varying from very small to large multinationals. One of the most interesting developments in the sensor field is the use of microelectronics microelectronics, branch of electronic technology devoted to the design and development of extremely small electronic devices that consume very little electric power. to resolve long-standing difficulties with the application and use of some sensing elements. Meanwhile in the market for digital control systems, the cost of such systems are continually being reduced as this area - more than other areas in the fields of PCI - is technology-led. "As the technology evolves, new applications are developed and more established applications are made simpler or more efficient." The largest end-user industry is the Chemical and Petrochemical petrochemical, any one of a large group of chemicals derived from a component of petroleum or natural gas. The cracking processes for manufacturing gasoline produce vast quantities of gaseous hydrocarbons. sector, with a 1993 market share of 28.5 per cent, followed by the Power Generation industry, accounting for 17.6 per cent of the market in the same year. Frost & Sullivan reports: "The use of PCI can be justified on grounds of cost efficiency, safety and environmental pressure; investment to improve plant efficiency and the introduction of computer controlled equipment to supervise continuous processes is ever increasing." "Accurate measurement, particularly of high value ingredients, is especially important." In terms of national markets, the report confirms Germany's dominance with an estimated 1993 value of $1645 million. This is followed by France and the UK worth $902 million and $794 million respectively. Frost & Sullivan is an international high-technology research firm. All Frost & Sullivan reports are based on extensive interviews with marketing and technical experts from selected companies in each market segment. Primary research is validated val·i·date tr.v. val·i·dat·ed, val·i·dat·ing, val·i·dates 1. To declare or make legally valid. 2. To mark with an indication of official sanction. 3. by thorough analysis of available secondary research. Frost & Sullivan is the leading publisher worldwide of high-technology research reports. Code: 1945-12 Publication Date: 1994 CONTACT: For further information please contact: Kristina Menzefricke Amy Arnell Nadge Keryhuel London Mountain View Paris 44 71 730 3438 (415) 961-9000 33 1 4742 9127 44 71 730 3343(fax) (415) 961-5042 33 1 4742 9129 REPEATS: New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of 212-575-8822 or 800-221-2462; Boston 617-330-5311 or 80 |
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