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Aeroderivative Sensor Market Trends

Report ID: GMI5359
Published Date: Jun 2023
Report Format: PDF

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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.

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The market size for aeroderivative sensor was valued at over USD 298.6 in 2022 and is anticipated to grow at a CAGR of over 9% between 2023 and 2032, driven by increasing demand for gas turbines.

The flame sensor segment accounted for a market share of around 9% in 2022, owing to the need to obtain efficient & environment-friendly processes in aeroderivative systems.

Asia Pacific market for aeroderivative sensor is expected to grow at a CAGR of over 10% from 2023 to 2032 as the region is experiencing rapid economic growth, with product demand from sectors such as power generation, oil & gas, and chemical processing.

Bently Nevada (Baker Hughes), Columbia Research Laboratories, Inc., Conax Technologies, EthosEnergy, KISTLER INSTRUMENT CORP., Kulite, Meggitt PLC, PCB Piezotronics, Inc. among others.