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News Release from: ARC Advisory Group | Subject: PES market
Edited by the Processingtalk Editorial
Team on 20 December 2007
Process electrochemical systems market
growing
The market for Process Electrochemical Systems (PES) is being driven largely by regulatory compliance issues and the manufacturing need for a deeper understanding of their 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 The market was slightly greater than GBP535 million in 2007 and is forecasted to reach nearly GBP725 million by 2012, according to a new ARC Advisory Group study
This article was originally published on Processingtalk on 21 Nov 2003 at 8.00am (UK)
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Compared to other field measurements, electrochemical measurements are not as well understood by operators due to the chemistry involved.
"Suppliers have made great strides in removing some of the mystery from electrochemical measurements by offering easier to use, more reliable sensors.
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," according to Senior Analyst Paula Hollywood, the principal author of the ARC "Process Electrochemical Systems Worldwide Outlook".
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High value type 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.
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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