The annual forecast prepared for CPCA by Global Automation Research LLC, formerly Rasmusson & Willey, is now available for download on the members only area of the website.
This year, in addition to the standard 12 product categories and 12 end user industries, we asked for a more detailed breakdown of the following: absolute guage and pressure, temperature transmitters, temperature sensors, electronic flow, electronic level, gas analytical, liquid analytical and process valves. These are broken down by individual province level.
This includes an analysis of market potential for each province/territory. Within each region, the market potential is further segmented by 7 industry categories. Overall, the Canadian process industries are positioned for growth over the forecast period. The drop in oil & gas and mining & minerals spending resulted in a 4 percentage- point drop in the PI&A annual growth rate in 2015, and depressed the annual growth rates throughout the forecast period.