ARC Provides High-Level Field Instrument Market Intelligence Ideal for Internal Planning Purposes
ARC�s Field Instrument Expenditures for the Process Industries Worldwide Outlook report includes high-level market intelligence covering all of the field instrument products available through ARC�s Market Intelligence Service (MIS) service. Specifically, this report provides combined market shares and individual market forecasts for the following field instrumentation products:
- Continuous Ultrasonic Level Devices
- Coriolis Flowmeters
- Magnetic Flowmeters
- Pressure Transmitters
- Process Electrochem Systems
- Radar Level Devices
- Temperature Transmitters
- Ultrasonic Flowmeters
- Vortex Flowmeters
Broad-based field instrumentation suppliers active across many of these markets will find this information invaluable for their internal planning purposes. Specifically, the competitive market intelligence information in this report will help suppliers benchmark themselves against their competition.
The 5-year market forecast for each individual field instrumentation product available in this report provides suppliers a cost justifiable solution for unbiased market forecast information across multiple field instrumentation products without having to purchase all of the technology reports individually. This information is invaluable for justifying your internal business plan to corporate board members.
Strategic Issues
Process field instrumentation bookings have declined significantly since late 2008 as the economic downturn has put pressure on all the global markets. Below are some key strategies to enable suppliers to remain competitive, position themselves for continued success, and moderate the affects of the economic downturn.
- Focus on upgrading industrial infrastructure projects in North America and Europe
- Leverage high growth regions and industries
- Target industries expected to benefit from government stimulus packages
- Develop wireless field instrumentation
- Support device interoperability
- Develop SIL-rated instruments
- Increase services capabilities
- Help users fully utilize field devices
