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Instrumentation And Sensors

Gas Sensors and Gas Metering: Applications and Markets

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REPORT HIGHLIGHTS

  • BCC estimates the global market for gas flow meters, sensors, monitors, and secondary flow instrumentation at about $3.6 billion in 2009 and $3.9 billion in 2010.  Growing at a projected compound annual growth rate (CAGR) of 5.9%, the market should approach $5.2 billion by 2015.
  • The market for gas flow sensors and monitors is expected to grow faster than the markets for either flow meters or secondary instrumentation. This segment is worth an estimated $1.8 billion in 2010 and is expected to reach $2.5 billion by 2015, a compound annual growth rate (CAGR) of 6.7%.
  • BCC estimates the global market for gas flow meters at $1.5 billion in 2009 and more than $1.5 billion in 2010, rising to nearly $2 billion by 2015.  These figures represent a CAGR of 5.2% between 2010 and 2015.