Markets for Trace Element Monitoring and Control Equipment

BCC Research has completed a study on the demand for trace element monitoring and control including instrumentation and automation systems for different applications.

Goals of the study were to get an understanding of the installed base, find out 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 understanding relevant legislation and regulations, detecting regional differences in worldwide monitoring and control for trace elements, and providing confirming evidence for the supplier data that is presented in the report. The study gives a critical view of the markets for commercial trace element monitoring and control including demand scenarios for different industrial applications. It assesses the role of trace element monitoring as a tool in enabling the control. It quantifies the demand for trace element monitoring by utilization category, product type, application, and technology, and assesses the relationships between major consumers and producers.

The implementation of a speciation analytical investigation in the industrial domain is simply a question of revenue and expenses. Another type of industrial demand can be created artificially as a consequence of social demands and the resulting legislation. If maximum concentration limit values for certain chemical species known to be hazardous become legally binding, the industry will have to behave accordingly with regard to products, waste, and all other industrial areas concerned. This is rather unwanted in the industrial domain and accordingly the legislative process is often delayed or even prevented.

In the first instance, the analytical need is the decisive criterion for a cost-benefit analysis. Analytical needs are determined by two completely different driving forces that are often even contradictory:

1. Social demands that should be defined in legislation. 2. Industrial demands that are defined by simple economic considerations.

The social demands for speciation analytical investigations are very great since the arguments described in the introduction are evident and clearly visible for both citizens and politicians. A few speciation-related problems have begun to be translated into legislation and will aim for the protection of health, food, environment, and many other fields of life. From this point of view, the cost-benefit analysis clearly shows that the costs for whatever needed analytical instrumentations and its operation are overcompensated by the great benefits from the speciation analytical information.

Scope Of Study

This report contains:

• An overview of that describes the importance of the trace element monitoring and control industry in relation to the overall global economy, including a brief history and extensive review of major products and applications
• A discussion of the governmental regulatory scene as it applies to trace element monitoring, as well as descriptions of environmental regulation changes and agencies involved
• Offers a detailed analysis of the economics and structure of the industry as well as important competitive aspects
• Market data on segments including chemical/petrochemical, food & drink, pharmaceutical, electric power generation, petroleum refining, oil & gas, and waste disposal, including five-year forecasts to 2011
• A technology chapter devoted to important developments, patents, and funding
• Detailed company profiles for the top 100 players in the industry.

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.