Electronic Pressure-Sensing Device Market: Varied Growth Prospects


Natick, Massachusetts - February 16, 2006 - Global shipments of electronic pressure measurement devices will increase from $4.0 Billion in 2005 to almost $5.4 billion in 2010 at a compound annual growth rate (CAGR) of 6.0%, according to forecasts from a new three-volume market study of Venture Development Corporation.

This market consists of electronic pressure transmitters sold for industrial process applications, those for other applications, electronic pressure transducers, and electronic component-level pressure sensors. Electronic component-level pressure sensors are solid-state devices that are sold either as silicon chips or with a limited degree of packaging that allow these to be incorporated into pressure transmitters or transducers.

Current and Forecast Worldwide Shipments of Electronic Pressure-Sensing Devices (US Dollars in Millions)

2005
Component-Level Pressure Sensors: 179.0
Process Transmitters: 1689.0
Non-Process Transmitters & Transducers: 2161.0

2010
Component-Level Pressure Sensors: 257.0
Process Transmitters: 2098.7
Non-Process Transmitters & Transducers: 3031.0

I. Component-Level Pressure Sensors - Though the merchant market for these products is small, it is forecast to have a 7.5% CAGR through 2010, a rate which is higher than forecasts for the non-process pressure transmitters & transducers (at 7.0%), and process transmitters (at 4.4%).

Medical applications are forecast to be the fastest-growing worldwide market for electronic component level pressure sensors through 2010, with double-digit growth projections in the Asia-Pacific region. A major portion of the medical application market is to suppliers who package these as disposable-invasive blood pressure monitors.

Most suppliers of solid-state pressure transmitters & transducers for automotive vehicle applications produce their own component-level sensors for these, however, there are other suppliers who source these. These applications are forecast to contribute the largest dollar volume growth in the market for these products.

II. Non-Process Pressure Transducers & Transmitters - The worldwide market growth rate for automotive applications is forecast to be below average, but this segment is expected to contribute by far the most dollar volume growth over the forecast period. Higher growth rates are forecast for smaller application market segments such as consumer products/home appliances, industrial engines, off-road vehicles, and plastics manufacturing equipment.

Nearly one-third of the 2005 market for these products was for automotive vehicle applications. Automotive vehicle applications are many, and these are increasing all the time. Applications now include:
o BAP (Barometric Absolute Pressure)
oBrake Sensors
o Climate Control Sensors
o Diesel Sensors
o EGR (Exhaust Gas Recycling)
o Engine Oil
o Fuel Injection
o Fuel Tank Pressure Sensors
o MAP (Manifold Absolute Pressure)
o Power Steering Sensors
o Tire Pressure Monitoring

III. Process Pressure Transmitters - The highest market growth rates are expected for markets in smaller industry segments such as electric power, pulp/paper, primary metals, and industrial-water/wastewater applications. However, the largest dollar volume gain expected in 2010 versus 2005 is for the oil & gas segment, followed closely by the chemical/petrochemical segment. Together these are expected to account for 51.5% of the total market gain.

In 2005, the majority of worldwide electronic process pressure transmitter shipments were for use in chemical/petrochemical and oil/gas industry applications. The shipment growth rate for chemical/petrochemical applications is expected to be below the industry average over the forecast period, with an above-average growth rate for the oil/gas industry.

ABOUT VDC

Venture Development Corporation (VDC) is an independent technology market research and strategy consulting firm that specializes in a number of industrial, embedded, component, retail automation, RFID, AIDC, datacom/telecom, and defense markets. VDC has been operating since 1971, when the firm was founded by graduates of the Harvard Business School and Massachusetts Institute of Technology. Today, we employ a talented collection of analysts and consultants who offer a rare combination of expertise in the market research process; experience in technology product and program management; and formal training in engineering and marketing. VDC's clients include thousands of the largest and fastest-growing tech suppliers in the world and the most successful investors participating in the markets we cover.

For further information about "Global Markets for Electronic Pressure Transmitters, Transducers, and Component-Level Sensors, 9th Edition," contact:

Jim Taylor, Director, Industrial Automation and Control Practice, 508-653-9000 ext. 121, jimt@vdc-corp.com

Marc Regberg, Vice President, 508-653-9000 ext. 111, msr@vdc-corp.com

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