October 2005

Misc

Plant asset management requiring new solutions for broader capabilities

WENDY WEIRAUCH, MANAGING EDITOR       Comments? Write: WW@HydrocarbonProcessing.com Manufacturers'..

WENDY WEIRAUCH, MANAGING EDITOR       Comments? Write: WW@HydrocarbonProcessing.com Manufacturers' needs, driven by economic and competitive factors, are creating unprecedented growth in the plant asset management (PAM) systems market. The worldwide market for PAM systems is expected to grow 10%/yr over the next five years, according to a new study from ARC Advisory Group (www.arcweb.com). The market currently exceeds $1.1 billion and is forecast to reach $1.8 billion by 2009. The study analyzes PAM systems for automation assets an

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