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MCAA - MCAA Press Release on Market Trend and Forecast Information
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Articles Entry: Source:Network Published Time:2014-4-24
MCAA - MCAA Press Release on Market Trend and Forecast Information

REVIEW
2013 bookings in the process measurement and automation industry grew approximately 5.3% according to data reported to members of the Measurement, Control & Automation Association. The trade association for the process measurement and automation industry, MCAA has just released the first of several snapshots of the market performance from 2013 based on the data supplied by its members and other sources.
 
MCAA collects data from its member companies for a variety of reports. On a monthly basis, they collect Domestic and Direct Export bookings information for the US, Canada and Rest of World. Quarterly, the Association
collects more detailed information by product category as well as by user industry. Bookings are also collected on a monthly basis from the distribution companies that are Channel Partner members of the Association. Data is reported in confidence and the Association takes great care to avoid individual data disclosures by using aggregated totals.
 
Looking at data from companies that participated in the bookings reports consistently over the past 10 years, MCAA notes that the industry has rebounded from its low in 2009 where bookings were down to pre-2004 levels and off 22% from the prior year. Over the four years since, bookings are up a total of 84%. 2013, however, represents the lowest growth rate of the four previous periods at just under $3.5
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