Instrumentation Sensors for Fluid Power: Stationary and Mobile Applications

Instrumentation Sensors for Fluid Power: Stationary and Mobile Applications

  • June 2017 •
  • 175 pages •
  • Report ID: 5002449 •
  • Format: PDF

• The global market for instrumentation sensors for fluid control should reach $16.2 billion by 2021 from $11.8 billion in 2016 at a compound annual growth rate (CAGR) of 6.7%, from 2016 to 2021.
• The stationary applications market is the largest sector of the instrumentation sensors market. The market is expected to grow from $11.5 billion in 2016 to $15.9 billion in 2021 at a CAGR of 6.7% for the period 2016-2021.
• The mobile applications sector of the instrumentation sensors market is expected to grow from $243 million in 2016 to $308.6 billion in 2021 at a CAGR of 4.9% for the period 2016-2021.

Introduction

Study Goals and Objectives
The study focuses on four instrumentation sensors measuring variables such as flow, level, pressure and temperature for fluid control in the processing industries and instrumentation sensors for measuring the positions of hydraulic cylinders used in the mobile sectors.

The 11 stationary sectors covered in this report are water and waste water, chemicals, energy, food and beverage, metal production, oil and gas production, paper, refining and petroleum, pharmaceuticals, cement and machine building.

The six mobile sectors are grouped under hydraulic cylinders for position control in heavy machineries. These sectors are agricultural and forestry construction; mining, material handling, compaction, and aerospace and defense.

The report is aimed to provide data regarding the size and growth of numerous instrumentation sensors for fluid control technology markets, as well as company profiles and industry trends. The goal of this report is to provide a detailed and comprehensive multi-client study of the instrumentation sensor market for fluid control and to identify potential business opportunities in the future. An assessment of new and potential products and services is also provided.

Another important objective is to provide realistic market data and forecasts for the instrumentation sensors for fluid control market. This study provides a complete account of instrumentation sensors for fluid control technologies currently available in a multi-client format. It provides a thorough and up-to- date assessment of the subject. The study also provides extensive quantification of the many important market developments for instrumentation sensors for fluid control. This contributes to the strategic responses that companies may adopt to compete in this dynamic market.

Reasons for Doing This Study
Maximizing business opportunities in the instrumentation sensors for fluid control technologies arena is a challenging task. Significant changes are taking place within this industry, which was dominated in the past by plant architecture specialists, plant designers, engineering consultants, multinational sensors manufacturers, plant original equipment manufacturers (OEMs), engineering procurement and construction (EPC) companies, contractors, plant owners and users The shift in the industry trend has been driven by many external forces, including the growing use of the latest communication technologies and new sensors technologies.

Intended Audience
Audiences for this study include marketing executives, business unit managers and other decision- makers in the business of instrumentation sensors for fluid control technologies used in the stationary process industry and in mobile applications. This report will also be of interest to other plant designers, plant suppliers, EPC, consultants, electronics developers, plant owners and end-user companies peripheral to this business.

Scope of the Report
The scope of this report is comprehensive, covering the present status of and future prospects for instrumentation sensors for fluid control technologies. This includes four instrumentation sensor measuring variables—flow, level, pressure and temperature of fluid control—in the processing industries belonging to 11 stationary sectors, as well as instrumentation sensors for measuring the positions of hydraulic cylinders used in the mobile sectors.

The report identifies and evaluates instrumentation sensors for fluid control technology markets with keen potential for growth. It also provides extensive quantification of the many important market developments for advanced instrumentation sensors for fluid control technologies.

The report also covers the many issues concerning the merits and future prospects of the instrumentation sensors for fluid control technologies business, including corporate strategies, information technologies, and the means for providing these highly advanced products and service offerings. It also covers in detail the economic and technological issues regarded by many as critical to the industry’s current state of change.

The report provides a review of the instrumentation sensors for the fluid control technology industry and its structure, as well as plant architecture specialists, plant designers, engineering consultants, multinational sensors manufacturers, plant original equipment manufacturers (OEMs), engineering procurement and construction (EPC) companies, contractors, plant owners and users.

The competitive position of the main players in the instrumentation sensors for fluid control market is well-protected due to protected and patented technologies used by OEMs (e.g., GE, Emerson, ABB, Siemens, Vega, Invensys, Honeywell, Endress+Hauser, Schneider Electric, Krohne, Yokogawa, Magnetrol, Hawk) in the stationary industry. Position sensors are integrated in hydraulic cylinders for position detection of piston rods. This is also used in the mobile machinery sectors by OEMs, including Parker Hannifin, Hyde and Pepperl + Fuchs.

Manufacturers of instrumentation sensors for fluid control for each sector must adhere to standards conforming to each targeted user country and follow statutory and mandatory guidelines for acceptance. The U.S., Europe and Japan are among the many countries that have stringent standards concerning plant and instrumentation sensors for fluid control in targeted applications.

The forecast tables represent the estimated value of the instrumentation sensors for fluid control technologies added to the overall cost of the control and instrumentation components of plants supplied by EPC. In this report, the term revenue is equivalent to and is used interchangeably with the terms purchases, demand and sales. All growth rates mentioned in the tables and text are based on compound annual growth rates (CAGRs) from 2016 through 2021. Current 2016 dollar measures are used, and these growth rates reflect the growth in volume or real growth, including the effects of price changes and changes in the product and service mix.

Information Sources
A comprehensive and exhaustive search of the literature on instrumentation sensors for fluid control technologies was initially conducted. These sources included the latest press releases on company websites, including application news, company news, marketing news, product news, brochures, product literature, instrumentation sensors for fluid control technology magazines (e.g., Control, Fluid Handling International, Global Water Intelligence, Automation, Applied Automation), technical journals, technical books (e.g., Perry Handbook on Chemical Engineering, Instrument Engineers Handbook), marketing literature, other promotional literature, annual reports, security analyst reports on instrumentation sensors for fluid control and other technology business digest publications.

Consulted sources on instrumentation sensors for fluid control include the Instrument Society of America (ISA); the Sensor Technology Handbook; the Journal of Sensors and Actuators; the U.S. Census (www.census.com) on expenditures in different sectors in 2014 and 2015; the ASEAN Investment Report; Chemical Spending in the E.U.; Proceedings of the 5th World Congress on Intelligent Controls (Progress of Smart Sensors and Smart Sensor Networks); VDMA; ZVEI; and online research papers published by various U.S., European, Chinese and South Korean universities and research institutes.
Annual data published in 2016 on the Measurement, Control and Automation Association (MCAA) website was also taken into account.

The latest issues of magazines such as Control (www.controlglobal.com), Fluid Handling International, Global Water Intelligence and Applied Automation were also studied to extract the desired information related to instrumentation sensors for fluid control technology.

There is little specific data in the available literature that analyzes the instrumentation sensors for the fluid control technology industry as a whole, and the data that do exist tend to present instrumentation sensors for fluid control as part of the sub-group category called control and instrumentation.

This category makes major expenditures on software and other hardware (e.g., PLC, display monitors, analyzers, positioners, valve actuators, wiring). The challenge was to identify and quantify the instrumentation sensors for the fluid control technology market and evaluate where it fits in with the C&I architectures of each of the 11 stationary sectors, as well as to identify and quantify sensors used in hydraulic cylinders used in the six targeted mobile sectors for position control. An extensive patent analysis was conducted to gauge technological innovation and to determine research activity as it applies to new product development.

The second phase involved formal and informal telephone interviews and e-mail correspondence with personnel in companies that offer instrumentation sensors for fluid control technologies for application in the 11 stationary sectors and six sectors combined into a sub-group called position control sensors in hydraulics cylinders. This involved interaction with experts in the instrumentation sensors for fluid control, suppliers, design engineers, consulting companies, other technical experts, government officials and trade association officials, as well as project contractor personnel.

Methodology
The research methodology was qualitative in nature and employed a triangulated approach, which aids in establishing validity. Initially, a comprehensive and exhaustive search of the literature on the application of instrumentation sensors for fluid control in stationary and mobile applications was

conducted. These secondary sources included instrumentation sensors for fluid control technology journals and related books, trade literature, marketing literature, other product and promotional literature, annual reports, security analyst reports and other publications. Patent searches and analysis were also conducted.

In a second phase, a series of semi-structured telephone interviews and e-mail correspondence was conducted with marketing executives, product sales engineers, international sales managers, application engineers and other personnel from companies that offer instrumentation sensors for fluid control technologies. Other sources included instrumentation sensors for fluid control technology magazines, academics, technology suppliers, technical experts, trade association officials, government officials and consulting companies. These were rich sources of data. Subsequent analysis of the documents and interview notes was iterative.

To understand the instrumentation sensors for fluid control market for the 11 process industries and for mobile applications, the research study measured total investment in each targeted sector by five regions (i.e., U.S., Europe, Japan, China, Rest of World [ROW]). The percentage of expenditures in control and instrumentation as part of total plant cost was derived from multiple sources.

After this, the cost of instrumentation sensors for fluid control was derived from C&I expenditure. This same variable according to prevailing practices was followed by end users and country guidelines for plant from one sector to the next and from one region to another. OEMS such as ABB and Vega often recommend types and numbers of instrumentation sensors for fluid control for almost all sectors based on past projects. Considerable assistance has been taken from the available information from such sources.

Geographic Breakdown
The regions considered for market analysis in this report include:

North America
• U.S.
• Mexico
• Canada China
Japan

Europe
• France
• Germany
• Italy

ROW
• South America
• Asia-Pacific

Summary and Highlights
Sensors and transmitters supply the fundamental data related to process in industries. The transmitter can transmit the sensed signal (e.g., temperature) in the industry standard 4-20 mA form, which is a function of the sensed parameter. An entire plant operation depends on this data, so it must be accurate, error free, and free from corrupt values caused by environmental noise and resistive drops. For this purpose, the conventional transmitters are being replaced by their smart counterparts. This has become possible due to the revolutionary developments taking place in the relevant technologies, including the design of high-performance microcontrollers and low-power devices, computer integrated manufacturing (CIM), data communication and industrial networking.

The potential advantage of the smart devices is that they can be interacted remotely by a handheld configurator. Moreover, when smart field devices are connected to a bus (i.e., a group of conducting lines following certain electrical conventions) known as Fieldbus, they can perform various operations otherwise unimaginable using the conventional devices.

Smart transmitters are the backbones of modern plants. They incorporate various features, including sensor linearization, remote communication, re-ranging, engineering unit conversion, damping, diagnostics, local/remote span and zero adjustment. Smart transmitters based on Fieldbus are being developed to network field devices such as PLCs, smart transmitters, actuators and controllers.

In 2016, China was a major market for instrumentation sensors for fluid control in process control, holding 27.6% share, followed by North America at 23.4%, Europe at 19.3%, Japan at 8.7% and ROW at 21%. In 2021, China will be a major market for instrumentation sensors for fluid control in process control, holding a 27.5% share, followed by North America at 22.9%, Europe at 18.6%, Japan at 8.4% and ROW at 22.5%. The CAGR from 2016 to 2021 is forecast to be 6.7%.

In 2016, the flow transmitters for fluid control in the process industries had a maximum share of 40.9%, followed by level transmitters (25.5%), pressure transmitters (17.5%) and temperature transmitters (16.1). In 2021, this segment will hold the maximum share of 41%, followed by level transmitters (25.3%), pressure transmitters (17%) and temperature transmitters (16.6%).

In 2016, the power and energy sector by end-user application maintained the maximum usage of instrumentation sensors at 34.6%, followed by oil and gas production (25%), chemical (17.4%), refining and petrochemicals (10.4%), food and beverage (7.4%), pharmaceutical (2%), machine building (1%), water and waste water (0.9%), pulp and paper (0.6%), metal production (0.3%) and cement production (0.3%). In 2021, the power and energy sector will see maximum usage of instrumentation sensors at 37%, followed by oil and gas production (25.5%), chemical (16.8%), refining and petrochemicals (8.3%), food and beverage (7.8%), pharmaceuticals (1.7%), machine building (0.8%), water and waste water (0.9%), pulp and paper (0.7%), metal production (0.3%) and cement production (0.2%).

Research on instrumentation sensors for mobile application study is mainly focused on position sensors as integrated into hydraulic cylinders used in mobile machineries. In 2016, the market for position sensors was estimated at $243 million, with a CAGR of 4.9% to reach at $308.6 million in 2021.

Stationary applications accounted for the largest market share of 97.9 % ($11.5 billion) in 2016, which is expected to increase to 98.1% (15.9 billion) by 2021. Market demand for position sensors integrated into hydraulic cylinders used in mobile machineries was estimated at $243 million (2.1%). In 2021, market demand for position sensors integrated into hydraulic cylinders used in mobile machineries will reach $308.6 million (1.9%).