The Global Market for Electronic Process Level Sensors
|発行||VDC Research Group, Inc.||商品コード||315340|
|出版日||ページ情報||英文 48 Pages, 31 Exhibits
|電子式プロセスレベルセンサーの世界市場 The Global Market for Electronic Process Level Sensors|
|出版日: 2014年09月17日||ページ情報: 英文 48 Pages, 31 Exhibits||
This report analyzes the market, its constituents, and future trends in the process level sensor class of products within the automation industry. Process level sensor refers to small devices used to convert the physical level of a substance within a tank or other retaining vessel into an electrical signal that can then be sent to a PLC or automation controller. Targets for level sensing can be either a liquid, solid, or aggregate with common substances including petroleum, water, and food ingredients. The 2014 process level sensor report is available in two categories: electronic level sensors, and mechanical level sensors, the latter of which is available in a separate report. Each category is then split into technology sub-categories based on the sensing principle. An end-user survey was also conducted, and the demand-side data was analyzed and included. Contents include graphical representations of market size by product segment, region, and vertical markets as well as additional color and recommendations surrounding sales channels and customer classes. Additionally, this report contains analysis of future trends and opportunities within the process level sensor market.
The global market for process level sensors will grow at a compound annual growth rate (CAGR) of X.X% through 2018. Electronic sensors will experience most of the growth with mechanical sensors slowing due to shifting technology trends. Vendors with a vertical concentration toward oil & gas and food & beverage will have the most success as new technologies like wireless integration and the SIL safety standard gain traction. As sensor suppliers expand into emerging and frontier markets, they will seek out local distributors until the business is strong enough to support direct sales teams, which will improve margins. China and surrounding countries currently have the longest growth runway. However, the United States may have the best near-term opportunity as oil & gas exploration, bolstered by new hydrofracking techniques, continues with the support of a strong US dollar. Several overarching themes have gained considerable traction recently with customers now considering smart process level sensors as part of larger, plant level cyber-physical systems.
Global Market for Electronic Process Level Sensors 2014-2018
The global market for process level sensors has experienced above-average growth throughout the past few years, but VDC expects this rate of growth to slow down slightly over the medium term. New techniques in hydrofracking as well as historically low interest rates had created opportunities within the storage, processing, and transportation of petroleum products. As the initial surge has cooled, end users are looking to recoup cash flow before undergoing another large investment cycle. This sentiment, combined with the threat of rising normalized global interest rates, looks to partially suppress the demand created from a healing economy. Large suppliers such as Emerson and Siemens have reported trepidation in customers beginning new projects, which is also supported by secondary research from figures such as the Private Nonresidential Construction Spending figures as well as capacity utilization rates. As utilization rates increase, end users will be forced to build out capacity, which will bode well for process level sensor suppliers.
The emergence of several new technologies and regulations has spurred market demand for new product features. Wireless solutions as well as SIL requirements will be the focus as suppliers move to fill market requirements. The sensing principles will remain consistent with guided wave radar (GWR) being the fastest-growing technology with the largest addressable market. The focus now is on both the robustness and redundancy of the sensor head, which is what the SIL rating applies to, as well as what to do with the data once it's captured, which is where the wireless solution comes into play. Sensor suppliers are tackling these two developments as well as their associated challenges in different ways, which will be highlighted in the Competitive Analysis section of this report.
The market for GWR will expand faster than any other product segmentation. As such, the competition within this area will increase steadily over the coming years. Suppliers within the growing GWR segment have commented that the pricing pressure for these products has increased dramatically as the market matures and more suppliers compete for similar business. VDC expects the downward pricing trends to continue as larger firms with scale push to squeeze smaller competitors out of the market. Pricing for other technologies such as hydrostatic and ultrasonic will be relatively stable as they are mature technologies; however, they will experience some downward pressure as the price of guided wave radar systems comes down. Guided wave radar is comparatively easy to install, calibrate, and operate, and since it can sense a multitude of different targets it is often selected as the sensing principle of choice. While guided wave radar systems are not a cure-all for every application, the technology will cannibalize other competing technologies in both the electronic and mechanical level sensing segment.
Aside from the global macro climate, wireless sensing is a new trend that is poised to accelerate, which will bode well for new products incorporating the feature. One such trend is wireless communication. The technology has improved in recent years with suppliers gravitating toward build-outs of wireless mesh networks (WMN). Mesh networks have several advantages over other network topologies including being able to self-populate and self-heal. Mesh clients or nodes, which include the individual sensors as well as laptops, gateways, and other wireless devices, make up the WMN. In the event of a failure in one of the nodes, network traffic can be re-routed because all nodes have the ability to push data for other devices. All data is time-stamped, which gives this type of network remarkable resilience and robustness. WirelessHART communication seems to be emerging as the preferred protocol in the build-up of these mesh networks because it can easily link wired and wireless devices to build out a hybrid system.
XX Commercial in Confidence.