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Engineering Industry Reports and Surveys
News Release from: ARC Advisory Group
Edited by the Engineeringtalk Editorial
Team on 20 December 2007
Sensor advances spur process system
growth
High-value sensors such as those found in process electrochemical systems can make a significant contribution to improving operational efficiency.
The market for process electrochemical systems (PES) is being driven largely by regulatory compliance issues and manufacturer's desire for a deeper understanding of their manufacturing processes The worldwide market for PES is expected to grow at a compounded annual growth rate (CAGR) of 6.3% over the next five years
This article was originally published on Engineeringtalk on 10 Nov 2004 at 8.00am (UK)
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"Newer, more intelligent sensors constructed of corrosion resistant materials with digital outputs, including relevant plant asset management (PAM) information, are getting closer to fulfilling the end user holy grail of fit and forget instrumentation", says Sr Analyst Paula Hollywood, principal author of ARC's "Process electrochemical systems worldwide outlook".
High-value sensors such as those found in process electrochemical systems can make a significant contribution to improving operational efficiency.
With energy costs soaring, use of PES in boilers, condensers, and steam turbines to detect corrosion and solid deposits can help reduce energy consumption.
Detecting corrosion in real-time can also minimise unscheduled downtime and increase asset life.
In addition, PES can assist manufacturers in building quality control into the manufacturing process as opposed to post-production laboratory testing thus reducing the need for product rework and minimising waste.
Select Industries Present Opportunities New markets, such as ethanol and biofuel production, are hot and currently well funded as the price of oil continues to set new records.
PES can also play a role in fuel cell development in detecting cathode current.
The recent spate of recalls in the food and beverage industry will more than likely trigger more stringent regulatory testing and reporting requirements which could be a boon for PES.
The extensive use of PES in the power industry is an indication that these systems will benefit from increased capital spending here as well.
Environmental pollution is frequently a byproduct of urbanisation and industrialisation.
Emerging nations are experiencing this phenomenon on a grand scale as they seek to build their respective industrial bases and infrastructure.
China, for example, is currently home to 16 of the world's 20 most polluted cities.
Healthy growth in process electrochemical systems is expected as emerging nations become more environmentally aware.
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