Safe instrumentation market booming in automation industry: report
Safety-rated process instrumentation is becoming one of the fastest growing segments of the automation industry, according to a report recently published by American engineering consulting firm Exida.
Titled Safety Process Measurement Instrumentation (SPMI), the report forecasts product sales at US$148 million in 2007 and growing to US$431 million by 2012, showing that end users are increasing their focus on instrumentation for safety applications.
Demand for SPMI is expected to grow significantly due to: increased focus on plant safety; the need for increased integrity of protective loops; and increased capital investments in market segments that have a high percentage of safety loops.
Exida said the report provides a comprehensive review of the SPMI market and will help manufacturers develop and refine their market strategies. The report is offered as a standalone product or combined with consulting support.
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