The global continuous monitoring market will grow from $21 billion in 2005 to $32.4 billion in 2010, an average annual growth rate (AAGR) of 9.1%.
Leading this growth will be the automotive and food and beverage industries. The automotive industry applications will grow from $4.4 billion in 2005 to $8.4 billion in 2010, and AAGR of 13.8%. The food and beverage industry will see purchases grow from $2.1 billion in 2005 to $4 billion in 2010, an AAGR of 13.8%.
The dairy industry will also see double digit growth in continuous monitoring equipment, with an 11.4% AAGR.
The market for continuous monitoring equipment is growing rapidly, and is presently deployed by the automotive, cement/building material, chemical, dairy, food and beverage, paper, and petrochemical industries. Large-scale automation in these sectors has become imperative in order to meet customer demands for improved products as well as to survive in the face of competition. These industries have seen rapid advances in the sensors and integrating equipment used for continuous monitoring, thus improving the efficiency of production lines through the reduction or complete elimination of rejects.
Additionally, the introduction of new Government regulations regarding safety and traceability has forced industry players to look for more sophisticated methods of processing, production, packaging and distribution. All these activities are increasing the demand for continuous monitoring equipment.
This timely BCC Research report examines the existing technologies and emerging trends in new technologies. It delves into the advantages and disadvantages of each technology, their applications and major suppliers, and also forecasts market growth through 2010.
SCOPE OF STUDY
This comprehensive analysis:
- Outlines technologies and trends in continuous monitoring in industrial applications both from functional application and theoretical perspectives, as well as detailing upcoming technology improvements over the next few years
- Classifies continuous monitoring equipment by technology and other factors, and compares the different segments
- Analyzes the market for continuous monitoring equipment, with an emphasis on major markets
- Details historical and future trends in sales of continuous monitoring equipment, and forecasts the sales trends for the next five years, taking into account changes in usage, new applications, as well as improvements in technology and functionality.
BCC presents an analysis of the power supply and management semiconductor market by estimating the revenue generated by each of the constituent devices, as well as power management software, in 2004. Based on a survey of industry experts and companies involved in manufacturing and marketing of different semiconductor devices and software, the study has analyzed and estimated the growth prospects of the industry; the revenue figures for the period 2005 through 2010 have been estimated on the basis of this analysis.
Each power supply and management semiconductor device currently in use has been analyzed separately to arrive at estimates for the power supply and management semiconductor industry as a whole. The industry has been evaluated on the basis of the devices in use, and also by the applications that use these devices, to present a complete picture.
The information for this report was collected from the following sources:
1. various Web sites
2. manufacturers' catalogues
3. reference books