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Instrumentation And Sensors

Chemical Process Monitoring Devices

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REPORT HIGHLIGHTS

  • The market for process monitoring devices was $49.1 billion in 2005 and almost $50.9 billion in 2006. At a compounded annual growth rate (CAGR) of 4%, the market will reach $61.8 billion by 2011.
  • The devices and sensors sector held the vast majority of the market share. In 2006 devices and sensors were worth almost 74% of the total market. By 2011 this percentage will drop slightly to 70.4%, with a market value of $43.5 billion in 2011.
  • Software devices have the highest potential for growth through the forecast period. They will grow at a CAGR of 13.4% to reach $4.3 billion in 2011.

 

SUMMARY FIGURE
GLOBAL MARKET FORECAST FOR PROCESS MONITORING DEVICES PRODUCTION BY INFRASTRUCTURE, 2003-2011
$ BILLIONS
Source: BCC Research