Chemical Process Monitoring Devices

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.

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.