VDC names top process level measurement supplier
Venture Development
VDC supplier report
Endress + Hauser is the world's largest supplier of process level measurement devices, according to a market study by VDC Research.
The report gives E+H a 24 per cent market share, followed by Emerson Process Management on 16.7 per cent, Vega Grieshaber on 9.6 per cent, Yokogawa Electric on 8.5 per cent, Siemens Milltronics Process Instruments on 6.4 per cent and Magnetrol Process Instruments on 4.6 per cent.
Emerson and Siemens lead the way in shipments of the two largest product categories - hydrostatic devices and sonic/ultrasonic devices, stated the report, titled '2008 Top Suppliers of Process Level Measurement Device Shipments'.
Verticals exhibiting the strongest now- and near-term performance in this market are listed as chemical/speciality chemicals, petchem and pharma.
The study, which forecasts the market through 2013, also found that the global market for process level measurement sensors will decline by nearly 15 per cent in 2009 but will begin to grow in late 2010 or the first half of 2011.
Increased efficiency demands and regulatory compliance drivers are the top factors driving long term growth, it noted.
The greatest gains in shares are seen in Foundation Fieldbus, as the standard is becoming more widely accepted.
Emerging wireless standards, concluded VDC, are expected to make inroads into the global market over the forecast period.
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