Chemical Process Monitoring Devices

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.

INTRODUCTION

Process monitoring devices (PMDs) measuring level, pressure, temperature, flow, as well as others including general purpose instruments, will continue to evolve and play a prominent role over the forecast period to 2011 in monitoring and controlling the critical parameters of processes. Precise information about of these parameters is a vital tool in the hands of process engineers in helping them make informed decisions. This report analyzes the worldwide markets for PMDs and their sensors.

The specific product segments analyzed are general purpose control system instrumentation, pressure sensors, gas and liquid quality sensors, flow sensors, level sensors, temperature sensors, humidity/moisture sensors, pH/Oxidation-Reduction Potential (ORP)/conductivity, proximity and displacement sensors, force and load sensors, position sensors, image sensors, fiber optic sensors, and others. The specific end-use segments discussed are automobile applications, process and manufacturing industries, machine tools and general machinery, HVAC and building control, office automation and communication, and others. The report provides separate comprehensive analytics for the U.S., Canada, Japan, Europe, Asia Pacific (excluding Japan), Latin America, and the rest of the world markets. Annual forecasts are provided for each region and product segments for the period 2003 to 2005, with estimates for 2006 and forecasts through 2011.

Goals of the study are to understand the installed base, gauge user purchasing plans, assess the international trade, and determine what problems users are having with their trace element monitoring and control devices. Other goals include legislation and regulation, detection of regional differences in worldwide monitoring and control for trace elements, and providing confirming evidence for the supplier data presented in the report. The study gives a critical view of the markets for commercial PMDs including demand scenarios for different industrial applications. It assesses the role of process monitoring as a tool in enabling control, quantifies the demand for PMDs by utilization category, product type, application, and technology, and assesses the relationships between major consumers and producers.

New digital sensors bring built-in intelligence, ease of use, and faster responses than older analog devices. The digital sensor has greatly improved and simplified the use of monitoring systems on the shop floor.

SCOPE OF STUDY

This report contains:

• A detailed overview of the chemical process monitoring devices industry, which includes a discussion of the importance of the industry, important product applications and markets, overview of the global trade for chemical process monitoring, and more
• Detailed trends for the important applications of the market including software, general purpose control instrumentation, and device sensors, each given market forecasts over a five-year period through 2011
• Discussion of the regulation and legislation behind the industry and how it shapes the market and economics at large
• An overview of patents and important technological developments over the past few years
• Profiles for all the major companies in the industry.

METHODOLOGY AND SIZE OF THE REPORT

This global report is based on nearly 300 interviews with experts worldwide and the analysis of over 1,000 basic statistics and other external sources including trade data for the various industries. The report includes approximately 100 company profiles of in-depth market information including 122 tables and 72 figures containing data.

INFORMATION SOURCES

BCC studied more than 400 companies to obtain data for this study. We also reviewed reports and studies prepared for peer-reviewed professional literature, and reports by the technical staffs of the National Aeronautics and Space Administration (NASA), the Department of Energy (DOE), the U.S. Geologic Survey (USGS), the Environmental Protection Agency (EPA), and the Government Accountability Office (GAO), as well as Presidential directive and policy statements. In addition, we compiled data from scientific and technical conferences, presentations prepared for financial analysts, the United Nations, European Union, European Commission, European Space Agency and the World Bank.

ANALYST'S CREDENTIALS

Edward Gobina is a Full UK Professor of chemical and processing engineering and has 25 years research and teaching experience in environmental engineering, petrochemical reaction engineering, and catalysis and membrane technology. He has been published extensively, with over 100 relevant publications in international scientific journals. He is a project analyst for BCC Research and has authored 17 BCC Research reports providing the critical links in the entire energy infrastructure chain occasioned from hydrogen to advanced oil and gas exploitation, and biorefinery infrastructure. Professor Gobina is a member of the European Membrane Society (EMS), the North American Membrane Society (NAMS), and the New York Academy of Sciences (NYAS). He is the current director of the Centre for Process Integration and Membrane Technology (CPIMT) within the School of Engineering at the Robert Gordon University in the UK.