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.
Deakin University launches metal resources research centre
Deakin has launched circAlloy to strengthen Australia's circular economy and advanced...
Construction begins on south-west WA advanced manufacturing hub
The WA Government says the Advanced Manufacturing Technology Hub in Picton will be WA's first...
Newcastle carbon capture plant opens
MCi Carbon's Myrtle carbon capture plant turns industrial carbon dioxide emissions into...
