Aeroderivative Sensor Market - By Sensor Type (Accelerometer, Temperature Sensor, Vibration Sensor, Pressure Sensor, Flame Sensor), By Service Provider (Aftermarket, OEM), By End Use (Industrial, Marine), Forecast 2022 - 2032

Aeroderivative Sensor Market Size

Aeroderivative Sensor Market size was valued at over USD 298.6 million in 2022 and is anticipated to grow at a CAGR of over 9% between 2023 and 2032.The market is driven by increasing demand for gas turbines. Gas turbines are widely used in power generation, oil and gas, and aviation industries due to their efficiency and flexibility.
 

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The growing demand for gas turbines drives the need for aeroderivative sensors to monitor and optimize their performance. The increasing demand for gas turbines across these industries creates a corresponding need for aeroderivative sensors. These sensors enable the monitoring, control, and optimization of gas turbine performance, ensuring efficient and reliable operation. By providing real-time data on critical parameters, aeroderivative sensors assist in enhancing the efficiency, safety, and environmental compliance of gas turbines, driving their demand in the market.
 

Aeroderivative sensors refer to specialized sensors or instrumentation systems used to monitor and measure various parameters and performance indicators of aeroderivative gas turbines. These sensors are specifically designed to operate in the harsh conditions found in the gas turbine environment, including the high pressure, pressure and vibration.
 

Aeroderivative sensors generate a large volume of information about engine failure, performance, and health. Managing & analyzing this data can be challenging, necessitating high data management & data analysis skills. The growing digitalization & connectivity of sensor systems has raised concerns about cybersecurity vulnerabilities. Protecting sensor data from unauthorized access and possible cyber threats has become increasingly important, raising the complexities and costs of keeping data secure.
 

COVID-19 Impact

The COVID-19 pandemic had significant impacts on the global aeroderivative sensor market. The pandemic disrupted global supply chains, affecting the availability and delivery of components including sensors. Manufacturing and logistical challenges, such as factory closures, transportation restrictions, and labor shortages, impacted the production & distribution of aeroderivative sensors, leading to project delays and installations. The economic uncertainties caused by the pandemic led to a reduction in investments and postponed projects across various industries. This decline in new projects and investments impacted the demand for aeroderivative sensors as companies prioritized cost-cutting measures and postponed non-essential expenses.
 

Aeroderivative Sensor Market Trends

The emphasis on energy efficiency in gas turbine designs is a significant market trend driven by several factors such as cost reduction and environmental regulations. Energy efficiency remains a key focus across industries. Gas turbines are favored for their high energy conversion efficiency and operational flexibility. Ongoing advancements in gas turbine technology, such as improved combustion systems, advanced materials, and enhanced aerodynamics, are aimed at achieving even higher efficiency levels. The market trend involves the continuous pursuit of improved energy efficiency in gas turbine designs. Stringent environmental regulations and emissions standards push industries to adopt cleaner and more efficient energy solutions. Gas turbines are recognized for their high energy conversion efficiency, which reduces fuel consumption and associated greenhouse gas emissions. The continuous pursuit of improved energy efficiency in gas turbines aligns with the goal of meeting regulatory requirements and reducing environmental impact.
 

Aeroderivative Sensor Market Analysis

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Based on sensor type, the aeroderivative sensor market is segmented into accelerometer, temperature sensor, vibration sensor, pressure sensor, and flame sensor. The flame sensor segment accounted for a major share of around 9% in 2022 and is expected to grow at a rapid rate till 2032. Flame sensors detect and monitor flames in aeroderivative systems to ensure personnel & equipment safety. By monitoring the presence of a flame, these sensors can trigger safety measures such as cutting off the gas flow or activating the fire extinguisher in the event of a fire or other accident. Flame retardants are used to prevent such accidents. Flame sensors monitor the combustion quality and stability of aeroderivative engines. They help operators optimize parameters, increase fuel efficiency, and reduce emissions by providing real-time feedback on flame characteristics such as intensity and shape. The need for flame sensors stems from the desire to obtain efficient & environment-friendly processes in aeroderivative systems. The increasing integration of flame sensors into advanced control & automation solutions is fueling their demand.
 

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Based on end use, the aeroderivative sensor market is segmented into industrial, and marine. The industrial segment is expected to grow at a CAGR of over 9% from 2023 to 2032 as aeroderivative engines are widely used across the industrial power generation sector including peaking plants, distributed generation, and emergency backup power systems. These engines provide high efficiency and fast startup capabilities, making them suitable for fulfilling sudden spikes in power demand. The need to monitor & control engine parameters for ensuring reliable & efficient power generation is propelling the demand for aeroderivative sensors in the industrial power generation segment. Aeroderivative engines are also used in the chemical industry to power many processes such as compression and cooling. These engines offer reliability and the ability to operate in hazardous environments. Aeroderivative sensors are used to monitor engine failure and ensure the safety & efficiency of chemical plant equipment. The need for process control, safety, and optimization is boosting the sensor demand in the chemical industry.
 

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Asia Pacific aeroderivative sensor market is expected to grow at a CAGR of over 10% from 2023 to 2032. The Asia Pacific region is experiencing rapid economic growth, with Southeast Asian countries including China and India, becoming important markets and business centers. Aeroderivative systems and sensors are in high demand in sectors such as power generation, oil & gas, and chemical processing. These industries require efficient & reliable electronic equipment to monitor and control engine failure, thereby proliferating the aeroderivative sensors market growth. Asia Pacific is witnessing increased demand for electricity owing to population growth, urbanization, and economic development. Aeroderivative engines are used for power generation, especially in remote areas with limited power supplies. The increasing number of air-derived engines for power generation is creating demand for sensors to ensure the safety and efficiency of these engines.
 

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
   

These players focus on strategic partnerships, new product launches, and commercialization efforts for market expansion. They also heavily invest in research to introduce innovative services and garner maximum market revenue.
 

Aeroderivative Sensor Industry News

• In April 2023, GE secured a contract from UCED Group (UCED), the energy division of CREDITAS Group, a Czech investment group focused on long-term investments in conservative industries. GE will supply an LM6000 PC Sprint aeroderivative gas turbine to expand the UCED Prost?jov reserve power plant for stabilizing the grid and supporting renewable energy in the Czech Republic. GE’s equipment will be delivered to the site in early 2024, adding approximately 50 megawatts (MW) to the national power transmission system, once in operation.
   

The aeroderivative sensor market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue (USD Million) from 2018 to 2032, for the following segments:

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By Sensor Type

• Accelerometer
• Temperature sensor
• Vibration sensor
• Pressure sensor
• Flame sensor
• Others

By Service Provider

• Aftermarket
• OEM

By End Use

• Industrial
  • Aftermarket
  • OEM
• Marine
  • Aftermarket
  • OEM

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Australia 
• Latin America
  • Brazil
  • Mexico
  • Argentina
• MEA
  • UAE
  • Saudi Arabia
  • South Africa
  • Israel