Future Trends in Control and Process Automation in the MET Industry
by Anup Varghese | September, 2012
Automation, Control & Plant Intelligence - Articles, Analysis, Reviews, Interviews & Views
by Anup Varghese | September, 2012
and the market is expected to reach USD 95 billion by 2013. Increasing focus on emerging markets like Chemical, Oil and Gas and Energy industries have contributed to the overall process automation industry growth. The MET automation industry currently holds less than 2% of the global process automation market share, and is expected to decrease in 2013 as the industry is not growing in proportion to the overall global process automation growth. Thus suppliers are likely to find automation in the MET industry such as theme parks unattractive, and been a proprietary industry, suppliers have to upper hand.
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