Global Aeroderivative Sensor Market Size, Share, and COVID-19 Impact Analysis, By Sensor Type (Accelerometer, Temperature Sensor, Vibration Sensor, Pressure Sensor, Flame Sensor), By Service Provider (Aftermarket and OEM), By End-user (Industrial and Marine), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2022 – 2032

Industry: Semiconductors & Electronics

RELEASE DATE Dec 2023
REPORT ID SI3341
PAGES 200
REPORT FORMAT PathSoft

Global Aeroderivative Sensor Market Insights Forecasts to 2032

  • The Global Aeroderivative Sensor Market Size was Valued at USD 284.7 Million in 2022.
  • The Market Size is Growing at a CAGR of 9.87% from 2022 to 2032
  • The Worldwide Aeroderivative Sensor Market Size is Expected to Reach USD 729.5 Million by 2032
  • Asia-Pacific is expected to grow the fastest during the forecast period

Global Aeroderivative Sensor Market

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Global Aeroderivative Sensor Market Size is Anticipated to Exceed USD 729.5 Million by 2032, Growing at a CAGR of 9.87% from 2022 to 2032.

The market growth is attributed to the adoption of multifunctional aeroderivative gas turbines with high-end features and the expanding trend toward energy-efficient technologies.

 

Market Overview

Aeroderivative sensors are those made to track and measure variables associated with these gas turbines' operation. Temperature, pressure, vibration, rotational speed, and other crucial factors are examples of these parameters. These sensors would probably be used to gather data from these turbines in real time so that their performance could be tracked, managed, and optimized. These sensors gather data that can be utilized for preventative maintenance to avert unplanned malfunctions, anomaly and failure detection, and efficient and safe operation. They support aviation gas turbines' general dependability, effectiveness, and safety. The need for sensors, especially those for the aerospace sector, is rising as a result of the IIoT's incorporation into industrial applications. IIoT makes it possible to gather, analyze, and optimize industrial processes including aviation gas turbines in real time. In order to monitor and optimize gas turbine performance and support dependable and efficient power generation, these aeroderivative sensors are crucial. Marine applications employ gas turbines that are developed from aerospace, and this industry is anticipated to see a rise in the need for sensors that track and maximize turbine efficiency. The market for aeroderivative sensors is expanding because to ongoing advancements in sensor technology, including increases in precision, dependability, and affordability.

 

Report Coverage

This research report categorizes the market for the global aeroderivative sensor market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global aeroderivative sensor market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global aeroderivative sensor market.

 

Global Aeroderivative Sensor Market Report Coverage

Report CoverageDetails
Base Year:2022
Market Size in 2022:USD 284.7 Million
Forecast Period:2022-2032
Forecast Period 2022-2032 CAGR:9.87%
2032 Value Projection:USD 729.5 Million
Historical Data for:2019-2021
No. of Pages:200
Tables, Charts & Figures:100
Segments covered:COVID-19 Impact Analysis, By Sensor Type, By Service Provider, By End-user, and By Region
Companies Covered: General Electric, Auxitrol Weston, Baker Hughes Company, Conax Technologies, Gastops Ltd., Siemens Energy, Artisan Scientific Corporation, Rockwell Automation, AMETEK Power Instruments, MITSUBISHI HEAVY INDUSTRIES, LTD., and Others,
Pitfalls & Challenges:COVID-19 Empact,Challenges, Future, Growth, & Analysis

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Driving Factors

Adoption of multifunctional aeroderivative gas turbines with high-end features and the growing trend toward energy-efficient technologies are credited with the industry's expansion. The use of energy-efficient solutions has been promoted by the increasing number of environmental programs by regional governments and business entities. When choosing green technologies, aeroderivative turbines are a viable approach because of their cost and versatility. Aeroderivative sensor market perspective in the projected timeline is being shaped by the use of these turbines due to their high cycle flexibility, efficiency, and reduced maintenance downtimes, among other notable benefits.

 

Restraining Factors

There is a greater need for gas turbines, the market is anticipated to expand quickly. But it can be quite difficult to guarantee a sensor's resilience and dependability in challenging operating environments like high temperatures and vibrations. It might be challenging to integrate sensors into a gas turbine system. In particular when it comes to the necessity of regular downtime for repairs and maintenance. Information gathered by sensors is only one part of the issue; it may be challenging to analyze sensor data and use it wisely for diagnostics, performance optimization, and decision-making. In the industry, creating sophisticated algorithms and data analysis methods to interpret sensor data and precisely identify possible issues is a constant struggle.  

 

Market Segmentation

The Global Aeroderivative Sensor Market share is classified into sensor type, service provider, and end-user.

  • The flame sensor segment is expected to grow at the fastest pace in the global aeroderivative sensor market during the forecast period.

The aeroderivative sensor market is categorized by sensor type into accelerometer, temperature sensor, vibration sensor, pressure sensor, flame sensor. Among these, the flame sensor segment is expected to grow at the fastest pace in the aeroderivative sensor market during the forecast period. To guarantee the safety of people and equipment, flame sensors identify and track flames in aeroderivative systems. These sensors detect the presence of flame and, in the event of a fire or other emergency, can initiate safety measures like turning off the gas supply or turning on the fire extinguisher. Such mishaps are avoided with the usage of flame retardants. Flame sensors keep an eye on the stability and quality of combustion in aeroderivative engines. They give operators real-time feedback on flame properties including intensity and shape, which helps them optimize parameters, boost fuel efficiency, and minimize emissions. The need to achieve an environmentally friendly and efficient process in aeroderivative systems is the driving force behind the necessity for flame sensors. Flame sensors are becoming more and more integrated into sophisticated control and automation systems, which is driving up demand for them.

 

  • The OEM segment is expected to grow at the highest pace in the global aeroderivative sensor market during the forecast period.    

Based on the service provider, the global aeroderivative sensor market is divided into aftermarket and OEM. Among these, the OEM segment is expected to grow at the highest pace in the aeroderivative sensor market during the forecast period. As a result of OEMs' growing involvement in the development of superior, more capable sensors. To ensure high reliability and expanded usage, several industry heavyweights are experimenting with autonomous sensors.

 

  • The industrial segment is expected to hold the largest share of the global aeroderivative sensor market during the forecast period.

Based on the end-user, the global aeroderivative sensor market is divided into industrial and marine. Among these, the industrial segment is expected to hold the largest share of the global aeroderivative sensor market during the forecast period. Because of their increased efficiency, mobility, and capacity to support varying loads, they are a well-liked option for measuring pressure in sectors to guarantee worker safety. Additionally, the trend in smart factories toward the integration of many sensors with cutting-edge technology is opening the door for aeroderivative sensors in industrial settings.

 

Regional Segment Analysis of the Global Aeroderivative Sensor Market

  • North America (U.S., Canada, Mexico) 
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Rest of APAC)
  • South America (Brazil and the Rest of South America) 
  • The Middle East and Africa (UAE, South Africa, Rest of MEA)

 

North America is anticipated to hold the largest share of the global aeroderivative sensor market over the predicted timeframe.

 

Global Aeroderivative Sensor Market

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North America is projected to hold the largest share of the global aeroderivative sensor market over the predicted years. Because of the increasing number of smart manufacturing buildings being constructed and the resulting demand for highly efficient sensors, North America is the leading region in this regard. The development of superior universal aviation gas turbines has aided in the industry's growth. The rise of environmental activities by regional municipalities and private businesses has contributed to the adoption of energy-efficient gadgets. Aerospace-derived sensors are inexpensive, feature rich, and provide an effective way to identify green solutions. Increasing cycle flexibility and efficiency as well as reducing breakdowns and downtime are some of the key benefits of putting these sensors into use. These benefits will have an impact on the industry landscape during the anticipated period of time.

 

Asia-Pacific is expected to grow at the fastest pace in the global aeroderivative sensor market during the forecast period. Because more and more aeroderivative sensors are being used in a variety of end-user sectors, such as chemical processing, oil and gas, and power generation, the Asia Pacific area is expanding at the highest rate. The need for dependable and effective electronic systems to track and monitor engine problems in these industries is driving the expansion of the regional market. Due to population increase, urbanization, and economic development in the Asia Pacific region, there is an increasing demand for electricity. These sensors are used to generate power, particularly in distant locations with limited energy sources. As the number of aero-engine power production engines rises, so does the requirement for sensors that can guarantee the security and effectiveness of the engines.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global aeroderivative sensor along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

  • General Electric
  • Auxitrol Weston
  • Baker Hughes Company
  • Conax Technologies
  • Gastops Ltd.
  • Siemens Energy
  • Artisan Scientific Corporation
  • Rockwell Automation
  • AMETEK Power Instruments
  • MITSUBISHI HEAVY INDUSTRIES, LTD.
  • Others

 

Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities 
  • Consulting And Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs)

 

Recent Developments

  • In April 2023, UCED Group gave GE a contract that is mostly focused on long-term investments in conservative industries. The Czech Republic is expanding its backup power plant and promoting renewable energy through the use of GE's LM6000 PC Sprint air derivative gas turbine.

 

  • In September 2023, the energy technology business Baker Hughes has announced the release of Druck hydrogen-rated pressure sensors, their newest offering for hydrogen.

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2032. Spherical Insights has segmented the Global Aeroderivative Sensor Market based on the below-mentioned segments: 

 

Global Aeroderivative Sensor Market, By Sensor Type

  • Accelerometer
  • Temperature Sensor
  • Vibration Sensor
  • Pressure Sensor
  • Flame Sensor

 

Global Aeroderivative Sensor Market, By Service Provider

  • Aftermarket
  • OEM

 

Global Aeroderivative Sensor Market, By End-user

  • Industrial
  • Marine

 

Global Aeroderivative Sensor Market, By Region

  • North America
  • US
  • Canada
  • Mexico
  • Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
  • South America
  • Brazil
  • Argentina
  • Rest of South America
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa

Frequently Asked Questions (FAQ)

  • 1. What are the key factors driving the global aeroderivative sensor market?
    The market growth is attributed to the adoption of multifunctional aeroderivative gas turbines with high-end features and the expanding trend toward energy-efficient technologies.
  • 2. How big is the global aeroderivative sensor market?
    The Global Aeroderivative Sensor Market Size was Valued at USD 284.7 Million in 2022.
  • 3. What is the expected growth rate of the global aeroderivative sensor market during 2022-2032?
    The Market Size is Growing at a CAGR of 9.87% from 2022 to 2032

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