CPCA 5-Year Process Instrumentation and Automation ForecastPrint this page
November 9, 2021 @ 1:00 pm – 2:00 pm
CPCA 5 Year Process Instrumentation and Automation Forecast: United States and Canada, 2019 – 2026
Paul Rasmusson, President of Global Automation Research LLC, will provide an overview of the latest CPCA forecast and be available to take member questions. This year’s industry forecast assumes a smooth recovery from the pandemic, beginning in late 2020 and early 2021, with the total market value recovering to 2019 levels about the end of 2022. They’ve used basic industry production, capacity utilization, spending, economic, etc. trends and forecasts to develop the 2021 forecast. Each industry section describes the individual key forecast parameters.
Several aspects of the current process industry (and/or greater North American economy) are affecting the nature and evolution of the process industries demand for PI&A products. Most immediate are supply chain disruptions and man-power shortages. Both are prevalent throughout the economy, and to a great extent, will be solved over time. They act primarily as a drag on the economic recovery, not a long-term problem (hopefully.)
Paul has 30 years of experience in Industrial Process Automation including, engineering, marketing and sales management, strategic planning, and market research & analysis. He held management positions with Westinghouse, Rosemount, and CyberOptics Corp. Prior to forming Global Automation Research LLC, Paul was President of DMCW Associates. He has a BSEE from the University of Minnesota.
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