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Instrumentation And Sensors

Markets for Trace Element Monitoring and Control Equipment

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REPORT HIGHLIGHTS

  • The total global market for trace elements and monitoring control systems was $43.1 billion in 2005 and $45.5 billion in 2006. At a compound annual growth rate (CAGR) of 5.3%, this market will reach $58.9 billion in 2011.
  • Trace element monitoring systems were worth almost $8.5 billion in 2006 and will reach almost $11.5 billion in 2011. Trace element control systems were worth $37 billion in 2006 and will grow to $47.4 billion in 2011.
  • Trace element monitoring systems had the highest growth rate through the forecast period, reaching a 6.2% CAGR through 2011.

 

SUMMARY FIGURE
GLOBAL MARKET FORECAST FOR TRACE ELEMENT MONITORING AND CONTROL, 2003-2011
($ MILLIONS)
Source: BCC Research