Aeroderivative Sensor Market size is anticipated to grow at a CAGR of over 9% between 2023 and 2032

Aeroderivative Sensor Market Size

Aeroderivative Sensor Market size was over USD 298.6 million in 2022 and is expected to grow at a CAGR of more than 9% during 2023-2032.

The market is boosted by growing demand for gas turbines. Gas turbines are extensively used in power generation, oil and gas, and aviation sectors because of their efficiency and flexibility.

The increasing need for gas turbines propels the demand for aeroderivative sensors to monitor and optimize their performance. The increasing demand for gas turbines in these industries generates a similar demand for aeroderivative sensors. The sensors facilitate the monitoring, control, and optimization of gas turbine performance to ensure efficient and reliable operation. By delivering real-time information on key parameters, aeroderivative sensors help improve the efficiency, safety, and environmental conformity of gas turbines, fueling their demand in the market.

Aeroderivative Sensor Market Report Attributes
Report Attribute Details
Base Year 2022
Aeroderivative Sensor Market Size in 2022 USD 298.6 Million
Forecast Period 2023 to 2032
Forecast Period 2023 to 2032 CAGR 9%
2032 Value Projection USD 700 Million
Historical Data for 2018 to 2022
No. of Pages 200
Tables, Charts & Figures 288
Segments covered Sensor Type, Service Provider, End-use
Growth Drivers
Escalating use of Industrial Internet of Things (IIoT)
Escalating spending in the marine industry development to cut greenhouse gas emissions
Development in sensor technology
Escalating use of green energy-based turbines across the aviation sector
Escalating demand for aeroderivative gas turbine for renewable energy projects
Pitfalls & Challenges
Heavy initial investments
Cybersecurity and data management issues

Aeroderivative sensors are defined as dedicated sensors or instrumentation systems employed to measure and monitor different parameters and performance indicators of aeroderivative gas turbines. The sensors are designed to work in the extreme conditions of the gas turbine environment, such as the high pressure, pressure and vibration.

Aeroderivative sensors provide a high amount of data relating to engine failure, performance, and health. Handling & interpreting this information can prove difficult, requiring high data handling & data analysis capabilities. Increased digitalization & connectivity of the sensor system have increased the risk of cybersecurity threats. Secure handling of sensor data from unauthorized use & potential cyber threats has become a top priority, increasing the levels of complexity & cost of maintaining data security.

COVID-19 Impact
The pandemic of COVID-19 had considerable effects on the global aeroderivative sensor market. The pandemic disrupted global supply chains, influencing the availability and delivery of parts such as sensors. Production and logistical issues, including factory shutdowns, transport limitations, and staff shortages, affected the production & distribution of aeroderivative sensors, causing delays in projects and installations. The pandemic-led economic uncertainties brought down investments and delayed projects across industries. New projects and investment decline affected demand for aeroderivative sensors since companies cut down on non-essential costs and delayed non-critical expenditures.

Aeroderivative Sensor Market Trends
There’s a tremendous push for gas turbines to become energy-efficient. Why? Well, it’s cost-cutting, and governments are making it a priority to save the environment. Gas turbines are already quite efficient at converting fuel into energy. But engineers never stop improving them. They’re inventing new ways of burning fuel more efficiently, using improved materials, and getting the turbines to flow better. The objective is to save money, yes, but also to save the planet. Lower-fuel-consumption gas turbines emit fewer greenhouse gases, which help contribute to climate change. So, when we design gas turbines that are more energy-efficient, we’re not just saving money; we’re also keeping our air and environment clean.

Aeroderivative Sensor Market Analysis
Discover more about the top segments defining this market

In aeroderivative engine world, there are these fantastic sensor friends that assist us in maintaining things running in a smooth manner. These sensors are detectives, each possessing a unique skill for sensing various items. To begin with, we have the accelerometer, which detects shaking and vibration. Next is the temperature sensor, which ensures everything remains at the ideal warm temperature. The vibration sensor, which is named as such, picks up on those little vibrations that sometimes get into trouble. The pressure sensor monitors the pressure levels, ensuring they’re just right. And finally, the flame sensor is the savior that looks out for flames. Talking of flame sensors, they were big players in ensuring safety in 2022, occupying around 9% of the market share. And guess what? They’re only going to get more important in the years to come. These flame sensors are like vigilant guards, keeping a close eye on the flames in aeroderivative systems. If they spot anything suspicious, they jump into action, shutting off the gas or activating the fire extinguisher to prevent any accidents. They also make sure our engines purr like well-oiled machines, ensuring that we burn fuel properly and minimize those unpleasant emissions. So you see, flame sensors are not just any ordinary sensors. They are the behind-the-scenes unsung heroes who ensure our aeroderivative systems function safely, efficiently, and environmentally friendly.

Industry and the marine industry are the two largest markets for aeroderivative sensors. The industrial market will grow at a high rate, more than 9% annually, between 2023 and 2032. This growth is due to the extensive application of aeroderivative engines for industrial power generation. They find applications in peaking plants, distributed generation plants, and backup power systems during emergencies. These engines are very efficient and respond quickly, thus ideal for fulfilling sudden spikes in power demand. For the production of reliable and efficient power, these engines should be controlled and monitored, thus the demand for aeroderivative sensors is on the rise. Aeroderivative engines are employed in the chemical industry to provide power for multiple processes such as compression and cooling. In risk-prone situations, these engines provide reliability as well as efficiency. Aeroderivative engine sensors track engine malfunction and provide security and efficiency of equipment in the chemical plant. Demand for sensors within the chemical sector is increasing due to the demand for process control, safety, and optimization.

Asia PacificA Hub for Advanced Aeroderivative Sensors In Asia Pacific’s dynamic economies, ranging from vibrant China to booming India, demand for aeroderivative sensors is rising. These cutting-edge tools are the lifeblood of industries that fuel our existence, likeEnergy productionAeroderivative sensors enable the safety and reliability of power generation, particularly in remote locations where dependable electricity is essential. Oil and gasWithin the energy industry, these sensors provide smooth functionality of equipment and prevent expensive downtime. Chemical processingThrough the detection and control of vital systems, aeroderivative sensors facilitate seamless industrial processes flow. As the Asia Pacific economy continues to expand, so does the demand for efficient and dependable electronic systems. Aeroderivative sensors are essential to fulfilling this need, ensuring that industries are running safely and efficiently. The population growth and increasing urbanization in the region also create demand for electricity, which makes aeroderivative engines an important source of power. Since more engines are operational, there is a growing requirement for sensors to track their safety and performance.

Aeroderivative Sensor Market Share

Some major players operating in the aeroderivative sensor market are

• Bently Nevada (Baker Hughes)
• Columbia Research Laboratories, Inc.
• Conax Technologies
• EthosEnergy
• KISTLER INSTRUMENT CORP.
• Kulite
• Meggitt PLC
• PCB Piezotronics, Inc.
• RWG
• Scanivalve Corporation
• Sensonics Ltd.
• Smith Systems, Inc.
• Thermocoax, Inc.
• TurbineAero, Inc.
• Unison, LLC