Market Overview:
The global petrochemical sensors market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for petrochemical products, and the need for efficient and reliable monitoring systems. The global petrochemical sensors market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into stationary devices and hand-held devices. Stationary devices are further sub-segmented into fixed point detectors (FPDs) and process analyzers (PAs). Hand-held devices are further sub-segmented into portable gas detectors (PGDs) and personal air samplers (PASs). On the basis of application, the market is segmented into refineries, gas plants, petrochemical companies, pipelines & terminals/storage facilities/marine terminals), oil sands & shale operations), LNG processing plants), power generation plants), others). The refineries sector accounted for majority share in 2017 owing to stringent environmental regulations across different countries coupled with rising investments in refinery modernization projects globally. However; during forecast period 2018–2030 Asia Pacific is expected to witness highest growth rate due to increasing number of new refinery projects being planned or underway in this region as well as growing demand from end users such as automotive OEMs etc.
Product Definition:
A Petrochemical Sensor is a device used to measure the concentration of petrochemicals in an environment. The importance of Petrochemical Sensors is that they allow for the monitoring and detection of petrochemicals in order to protect public health and the environment.
Stationary Devices:
Stationary devices are used in the petrochemical sensors market for various applications such as detection of impurities, monitoring flow rates and temperatures. The factors that propel their growth include growing demand from end-user industries such as pharmaceuticals, food & beverages and water treatment among others. Moreover, increasing government regulations to control pollution is also a key factor driving the growth of this market over the forecast period.
Hand-Held Devices:
Hand-held devices are used in the petrochemical sensors market owing to their compact size, low cost and easy interface. They are widely used for measurement of impurities such as water vapor, carbon dioxide and other gaseous compounds. The hand-held device is a portable system that can be operated by any user without any training or prerequisites.
Application Insights:
Refineries, gas plants, and petrochemical companies are the major application areas of chemical sensors. Refineries accounted for a significant share in the global market owing to their criticality towards operational efficiency. Sensing devices help refineries monitor and regulate vital processes such as crude oil processing, fluid catalytic cracking unit operation, oxygenation units operation as well as tank level monitoring.
The use of these devices has helped refiners reduce operating costs by reducing energy consumption and increasing refinery output while also complying with environmental regulations regarding emissions control systems monitoring. Petrochemical companies are expected to emerge as one of the fastest-growing segments over the forecast period due to factors such as an increase in demand for polymers across end-use industries coupled with growing investments from China & India on advanced technologies & equipment manufacturing facilities at home.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has witnessed a significant rise in investments from various multinational companies, which have resulted in an increased production of petrochemicals. This scenario is anticipated to drive the demand for sensors across several end-use industries such as chemical & refineries, water treatment, gas processing and others.
The Middle East & Africa accounted for a major share owing to increasing oil & gas exploration activities coupled with rising downstream activities across countries such as Saudi Arabia and UAE. These factors are anticipated to drive market growth over the forecast period.
Growth Factors:
- Increasing demand for petrochemical products in end-use industries such as automotive, construction, and packaging is expected to drive the growth of the petrochemical sensors market.
- Growing awareness about safety and security among consumers is anticipated to boost the demand for petrochemical sensors in the near future.
- Rapid industrialization and urbanization across emerging economies are projected to create lucrative opportunities for players operating in the petrochemical sensors market during the forecast period.
- Technological advancements in sensor technology are expected to offer new growth opportunities for players operating in this market over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Petrochemical Sensors Market Research Report
By Type
Stationary Devices, Hand-Held Devices
By Application
Refineries, Gas Plants, Petrochemical Companies, Others
By Companies
Advanced Energy, Heraeus, Nynomic Group, Pyrometer, Fluke Process Instruments, KELLER, Pyrosales
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
183
Number of Tables & Figures
129
Customization Available
Yes, the report can be customized as per your need.
Global Petrochemical Sensors Market Report Segments:
The global Petrochemical Sensors market is segmented on the basis of:
Types
Stationary Devices, Hand-Held Devices
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Refineries, Gas Plants, Petrochemical Companies, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Advanced Energy
- Heraeus
- Nynomic Group
- Pyrometer
- Fluke Process Instruments
- KELLER
- Pyrosales
Highlights of The Petrochemical Sensors Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Stationary Devices
- Hand-Held Devices
- By Application:
- Refineries
- Gas Plants
- Petrochemical Companies
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Petrochemical Sensors Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Petrochemical sensors are used to measure the concentration of pollutants in air, water, or soil.
Some of the major companies in the petrochemical sensors market are Advanced Energy, Heraeus, Nynomic Group, Pyrometer, Fluke Process Instruments, KELLER, Pyrosales.
The petrochemical sensors market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Petrochemical Sensors Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Petrochemical Sensors Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Petrochemical Sensors Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Petrochemical Sensors Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Petrochemical Sensors Market Size & Forecast, 2018-2028
4.5.1 Petrochemical Sensors Market Size and Y-o-Y Growth
4.5.2 Petrochemical Sensors Market Absolute $ Opportunity
Chapter 5 Global Petrochemical Sensors Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Petrochemical Sensors Market Size Forecast by Type
5.2.1 Stationary Devices
5.2.2 Hand-Held Devices
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Petrochemical Sensors Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Petrochemical Sensors Market Size Forecast by Applications
6.2.1 Refineries
6.2.2 Gas Plants
6.2.3 Petrochemical Companies
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Petrochemical Sensors Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Petrochemical Sensors Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Petrochemical Sensors Analysis and Forecast
9.1 Introduction
9.2 North America Petrochemical Sensors Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Petrochemical Sensors Market Size Forecast by Type
9.6.1 Stationary Devices
9.6.2 Hand-Held Devices
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Petrochemical Sensors Market Size Forecast by Applications
9.10.1 Refineries
9.10.2 Gas Plants
9.10.3 Petrochemical Companies
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Petrochemical Sensors Analysis and Forecast
10.1 Introduction
10.2 Europe Petrochemical Sensors Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Petrochemical Sensors Market Size Forecast by Type
10.6.1 Stationary Devices
10.6.2 Hand-Held Devices
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Petrochemical Sensors Market Size Forecast by Applications
10.10.1 Refineries
10.10.2 Gas Plants
10.10.3 Petrochemical Companies
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Petrochemical Sensors Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Petrochemical Sensors Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Petrochemical Sensors Market Size Forecast by Type
11.6.1 Stationary Devices
11.6.2 Hand-Held Devices
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Petrochemical Sensors Market Size Forecast by Applications
11.10.1 Refineries
11.10.2 Gas Plants
11.10.3 Petrochemical Companies
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Petrochemical Sensors Analysis and Forecast
12.1 Introduction
12.2 Latin America Petrochemical Sensors Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Petrochemical Sensors Market Size Forecast by Type
12.6.1 Stationary Devices
12.6.2 Hand-Held Devices
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Petrochemical Sensors Market Size Forecast by Applications
12.10.1 Refineries
12.10.2 Gas Plants
12.10.3 Petrochemical Companies
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Petrochemical Sensors Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Petrochemical Sensors Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Petrochemical Sensors Market Size Forecast by Type
13.6.1 Stationary Devices
13.6.2 Hand-Held Devices
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Petrochemical Sensors Market Size Forecast by Applications
13.10.1 Refineries
13.10.2 Gas Plants
13.10.3 Petrochemical Companies
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Petrochemical Sensors Market: Competitive Dashboard
14.2 Global Petrochemical Sensors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Advanced Energy
14.3.2 Heraeus
14.3.3 Nynomic Group
14.3.4 Pyrometer
14.3.5 Fluke Process Instruments
14.3.6 KELLER
14.3.7 Pyrosales
