The worldwide market for Process Field Instruments will grow at an average annual rate of about 5 percent from 2010 through 2015 according to the most recent forecast update of Process Instrumentation and Automation markets conducted by the Global Foresight Group™.
Process field instruments include all key pressure, temperature, flow and level instruments.
In 2010, North America accounted for approximately 30 percent of the total market demand for process field instruments, while Europe (EU) was 23 percent. BRIC countries (Brazil, Russia, India and China) made up another 19 percent of the
demand. All other countries provided the remainder.
BRIC countries will provide the highest growth rates for these instruments in the forecast period. This will continue the decline of the North American and European market shares.