2017 Press Releases
Currently, the economy is in an accelerating growth cycle. That means that economic forces are a tailwind—your business should be growing. The next six months represent your best opportunity to take on risk and be aggressive.
Bharat Naik, President of Reotemp, San Diego CA was elected to serve as 2018 Chairman by the members of MCAA along with Mike Waters, President and CEO of SOR Controls Group Ltd., Lenexa KS, who will serve as Vice Chairman in 2018.
Two economic newsletters published by the Measurement, Control & Automation Association (MCAA) reinforce the widespread news of continued US economic growth through 2017 and 2018—barring any interference from other geopolitical or black swan events. The recent impacts of Hurricanes Harvey and Irma are yet to be measured in this calculus.
Edward J. Curry, Principal of Curry & Hurd and a former chairman of MCAA, offered his insight into the 2017 Operating Benchmarks Report published by the Measurement, Control & Automation Association (MCAA). The webinar, open only to those companies which participated in the study, provided insight into how companies weathered the difficult market conditions in 2016 when depressed oil prices severely affected business in this industry.
The 2016 Process Instrumentation and Automation market in the United States, valued at $11.7 Billion, is projected to grow 3.6 percent by 2021 to a total of $14 Billion. Growth will be concentrated in five industries: Chemicals, electric utilities, oil refining, food & beverage, and pharmaceuticals. The cumulative market gain will be $2,282 Million over the forecast period.
Parabolic flow curves were the inspiration for the new logo for the Measurement, Control & Automation Association which was debuted at the 2017 MCAA Industry Forum in Atlanta. As well, a completely redesigned website, TheMCAA.org, was rolled out to the more than 240 attendees at the meeting.
FCI Co-founders, Robert Deane and Malcolm McQueen along with Magnetrol’s Judy Stevenson were inducted into the Measurement, Control and Automation Hall of Fame during the MCAA Industry Forum in Atlanta, Georgia.
Peter Martin, Vice President of Strategic Ventures at Schneider Electric, Foxoboro MA was elected to serve as 2017 Chairman by the members of MCAA along with Bharat Naik, President of Reotemp, San Diego CA, who will serve as Vice Chairman in 2017.