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Aeroderivative Sensor Market Share, Trends, Segmentation and Registering a Strong Growth by End of 2030

The global aeroderivative sensor market is expected to register considerable growth through 2030. The industry expansion can be credited to the adoption of multifunctional aeroderivative gas turbines with high-end benefits and the rising inclination toward energy-efficient technology.

The growing number of initiatives from regional governments and private players toward the environment has encouraged the usage of energy-efficient solutions. Coupled with affordability and multiple functionalities, aeroderivative turbines serve as a feasible methodology when opting for green technologies. High cycle flexibility, efficiency, and lesser maintenance downtimes are some of the prominent benefits pushing the adoption of these turbines, which is shaping the aeroderivative sensor industry outlook in the projected timeline.

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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 temperature sensor segment registered a revenue of over USD 50 million in 2021, driven by the growing adoption of gas turbines due to stringent emission guidelines. The segment expansion can also be attributed to increased demand for industrial and marine gas turbines in industry setups.

On the basis of service providers, the industry is categorized into aftermarket and OEM. The industry size from the OEM segment is flourishing at a considerable rate, owing to the increasing participation of OEMs to develop high-quality sensors with improved capabilities. Prominent industry giants are experimenting with autonomous sensors to ensure great reliability and increased usage.

With regards to the end-use, the industry is bifurcated into industrial and marine. Owing to the lightweight and high efficiency of aeroderivative gas turbines, they have gained popularity for power generation in industrial setups. Driven by their ability to bear fluctuating loads, mobility, and greater efficiency, they are a popular choice to measure pressure to ensure worker safety in industries. Moreover, the inclination toward the installation of multiple sensors with advanced technologies in smart factories is also paving the way for aeroderivative sensors in industry settings.

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On the regional front, the industry is classified into North America, Europe, Asia Pacific, Latin America, and MEA. Among these, the Asia Pacific is expected to emerge as a pivotal avenue for the aeroderivative sensor market. APAC accounted for 20% of the aeroderivative sensor market share in 2021, owing to bulk investments in clean energy projects. The rise in such investments can be credited to China's solar power projects as it is striving hard to optimally utilize renewable energy sources. The growing need for aeroderivative sensors in the nation to maintain the turbines is likely to foster regional expansion. In addition, the initiatives undertaken by regional governments pertaining to clean energy generation will increase the demand for aeroderivative sensors.

Table of Contents (ToC) of the report:

Chapter 1 Methodology & Scope

1.1 Scope and definition

1.2 Methodology & forecast parameters

1.3 Region-wise COVID-19 impact

1.3.1 North America

1.3.2 Europe

1.3.3 Asia Pacific

1.3.4 Latin America

1.3.5 MEA

1.4 Data Sources

1.4.1 Secondary

1.4.2 Primary

1.5 Industry Glossary

Chapter 2 Executive Summary

2.1 Aeroderivative sensor market 3600 snapshots, 2018-2030

2.2 Business trends

2.2.1 Total Addressable Market (TAM), 2023 - 2030

2.3 Regional trends

2.4 Sensor type trends

2.5 Service provider trends

2.6 End-use trends

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