August 2018

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Industry Forecast: MCAA market forecast projects industry to hit $16 B by 2022

The 2017 process instrumentation and automation (PI&A) market in the US, valued at $13.4 B, is projected to grow 3.7% by 2022 to a total of $16 B.

Rasmusson, P., Global Automation Research LLC

The 2017 process instrumentation and automation (PI&A) market in the US, valued at $13.4 B, is projected to grow 3.7% by 2022 to a total of $16 B. FIG. 1. Annual MCAA process automation market 5-yr CAGR, 2018–2022. Source: Global Automation Research LLC. The Measurement, Control & Automation Association (MCAA) has published its Annual Market Forecast for 2018. The report, prepared by analysts at Global Automation Research LLC, focuses on the PI&A markets in both the US and Canada. Twelve industry segments and product categories are examined in depth, with a forecast timeline extending to the year 2022. Growth will be concentrated in f

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