The Top 50 process instrumentation and controls suppliers in the industry

CONTROL magazine continues its annual hit parade of the industry's top process instrumentation and controls suppliers. Find out who made this year's hit list, and who became a one-hit wonder.

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By Walt Boyes, Editor in Chief

Every Year
we research the business of process automation, and we produce the exclusive rankings you see here. However the “we” in that first sentence, is not the royal, editorial “we.” Each year, CONTROL convenes a distinguished panel, composed of industry experts from both government and the private sector (see sidebar). Between us, we have a couple of person-centuries of experience in the process automation industry. We use that experience to help us list and rank the 50 largest process automation companies in North America.

The list is as good as the information we receive and the conclusions our panel draws from it. There are some companies that should probably be on the list but aren’t. More often than not, the reason certain companies do not appear on the list is simple: they declined to supply enough data to allow us to rank them. Omega Engineering, for example, is probably the largest such omission and might rank fairly high if only they would supply us with the required data. We may also miss one or two once in a while, and we deeply appreciate those of you who bring those omissions to our attention.

We’re Rockin’ Now
2004 has seen a considerable increase in the health of the vendor community. A couple of years ago ABB was on the edge of bankruptcy. Honeywell, once reeling from the effects of acquisitions and mergers, and Invensys, plagued with top management woes and staffed by dedicated people interested in business as usual, have all surmounted their problems and returned to providing new products and innovative solutions to the process community. Emerson chugs along, getting bigger and providing more services every year. GE has reorganized itself, Schneider has decided to revitalize itself, and Siemens Energy & Automation is making a very well-publicized try at the North American market (remember the train?). Rockwell has reinvented itself, too, and posted double-digit sales increases. Cash-rich Danaher expects to continue making acquisitions, and has over $4 billion with which to make acquisitions with, according to a recent announcement by the company’s CFO.

One measure of this activity is the amount of training and applications assistance that the major vendors are supplying to their customers. In the short period from mid-October to the first week in November, more end users and system integrators attend major vendor user group meetings (Invensys User Group, Emerson Exchange, and Rockwell’s Automation Fair) than ISA 2004, held just a few weeks prior.

Hit Makers and Cover Bands
The increasingly high performance of the majors, however, is a relatively small part of the story. Note that once again, the gap between the top tier (Emerson, Invensys, Honeywell, ABB, Danaher, Siemens, Schneider, Rockwell and GE) and the second tier (beginning with Spectris and ThermoElectron) is huge. The gap between Emerson and Racine Federated, number 50 on the list is even more telling. It is tempting to suggest that this indicates further consolidation, but we believe it is a harbinger of something much more interesting.

The business of process automation has always been fragmented. At the bottom, it is an inventor-driven business, and new companies are continually being created to produce the latest technological “hits.” Aurel Systems, and CiDRA Corporation, among others, come to mind. Other companies are formed to cover past hits for old fans and keep the “oldies but goodies” alive, like MicroMod Instrumentation.

The Advisory Board is working to ensure that the data for the CONTROL Top 50 gets better every year.

The CONTROL Top 50

2003
Process Control
Revenue
($ millions)

2003
Process Control
Revenue
($ millions)

Rank   Company

North America

World-wide

1 Emerson Process Management 

2737

5318

2 Invensys

1809

4206

3 Honeywell Process Solutions

1737

3872

4 ABB

1530

9897

5 Danaher/Viridor-GLI Thomson, Fluke

1280

1865

6 Siemens Energy & Automation

850

6040

7 Schneder Electric

765

3160

8 Rockwell Automation

707

949

9 GE Infrastructure

600

1100

10 Spectris

366

1011

11 ThermoElectron

351

587

12 National Instruments

216

426

13 MKS Instruments

199

337

14 Ametek

185

329

15 Flowserv

184

463

16 Metso Automation

154

531

17 Dresser Industrial

147

343

18 Yokogawa Electric

146

1860

19 Aspen Technology

120

210

20 Endress+Hauser

109

838

21 Tyco

100

200

22 Roper Industries

84

185

23 Teledyne Instruments

84

158

24 Bristol Babcock

65

87

25 OSIsoft

53

80

26 MTL Instruments Group, PLC

51

112

27 Watlow Electric

49

54

28 MTS

47

93

29 Dwyer Instruments

47

58

30 Microwave Data Systems

43

56

31 Mettler Toledo

37

105

32 Crane Controls

34

39

33 Magnetrol

32

54

34 Ohmart-Vega

31

68

35 Badger Meter

30

40

36 Omron

28

160

37 GF Signet

28

60

38 Prime Measurement Products (formerly Barton)

26

53

39 Matrikon/Hunter Controls

26

40

40 FMC

24

40

41 Opto 22

22

29

42 Burkert

20

250

43 Pepperl+Fuchs

20

135

44 Iconics

20

30

45 Ionics

19

30

46 ICS Triplex

18

45

47 Krohne

17

275

48 Controlotron

17

21

49 Pyromation

17

18

50 Racine Federated/PRESO, Dynasonics, Flotech

14

18

Top 50 Total

15,247

45,878

CONTROL Top 50 Advisory Board

Terry McMahon, McMahon Technology Associates
Steve Walton, Walton Associates
Cynthia Esher, President, Measurement, Control & Automation Association
Walt Boyes, Editor in Chief, CONTROL, ControlGlobal.com, DigitalField Insider, SecureSystems Insider, AlarmManagement Insider, OPC Insider
Wil Chin, Research Director – Field Systems, ARC Advisory Group
Larry O’Brien, Research Director, ARC Advisory Group
Indrek Grabbi, International Trade Specialist, U.S. Dept of Commerce
Ken Lacy, Partner, Acquest International LP

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