Aeroderivative Sensor Market Size, Share, and Industry Analysis, By Sensor Type (Accelerometer, Temperature Sensor, Vibration Sensor, Pressure Sensor, and Flame Sensor), By Service Provider (Aftermarket and OEM), By End Use (Industrial and Marine), and Regional Forecast, 2024-2032

An aero-derivative sensor is a device used to measure and monitor various parameters pertaining to the operation of aero-derivative gas turbines. This sensor is designed to ensure the efficient and safe functioning of the turbine by providing continuous online monitoring of key parameters, such as vibration levels, temperature differentials, and other relevant data. Aeroderivative gas turbines are optimized for weight to make them easier to transport and install. Flame sensors are essential safety devices for these turbines, and they play a vital role in maintaining their health and performance. The market for aero-derivative sensors can be segmented according to sensor types, applications, and industries. Sensor types include temperature, pressure, and flow.

The aeroderivative sensor market is driven by significant factors, such as the increasing demand for gas turbines across industries, such as power generation, oil & gas, and aviation is creating a corresponding need for additive sensors to monitor and optimize their performance. There is a growing emphasis on energy efficiency in gas turbine designs, owing to factors, such as cost savings, environmental regulations, and technological advancements. Aeroderivative sensors enable the monitoring, control, and optimization of gas turbine performance. They ensure efficient and reliable operation by providing real-time data on critical parameters. Aeroderivative engines are utilized for power generation, particularly in remote regions with limited power sources, thereby enhancing the requirement for aeroderivative sensors.

Key Insights

The report covers the following key insights:

• The report analyzes a detailed overview of the industry, including qualitative and quantitative information.


• It analyzes an overview and forecast of the aeroderivative sensor market at platform level.


• The report also analyzes comprehensive supply chain analysis at a global level. The market will be further distributed at regional and country levels.

Segmentation

Analysis by End Use:

By end use, the market is bifurcated into industrial and marine. The industrial segment dominated the aeroderivative sensors market due to increasing application of aeroderivative gas turbines across various industries. Aeroderivative gas turbines, originally developed from aviation jet engines, are known for their efficiency, flexibility, and rapid start-up capabilities, making them ideal for a range of industrial applications, including power generation, oil and gas, marine propulsion, and others. The marine segment is expected to grow significantly due to robust properties of the marine sensors, such as high performance, reliability, and ability to operate in harsh environments.

Regional Analysis

The global market is geographically segmented into North America, Europe, Asia Pacific, and the Rest of the World. North America holds the leading position in this regard, owing to the increasing number of smart manufacturing facilities being constructed and the consequent demand for highly efficient sensors. The development of improved universal aviation gas turbines has contributed to the sector's expansion.

Asia Pacific is experiencing rapid economic expansion, with countries, such as China and India emerging as significant markets and business hubs. Aeroderivative systems and sensors are in high demand in industries, such as power generation, oil and gas, and chemical processing. These industries require efficient and reliable electronic equipment to monitor and control engine failures, which is driving the market for aeroderivative sensors.

Key Players Covered

The report includes the profiles of key players, such as Sensirion AG, Bently Nevada (Baker Hughes), PCB Piezotronics Inc., Meggitt PLC, KISTLER INSTRUMENT CORP., Unison LLC, Ametek, Inc., Alba Power (Sulzer), Conax Technologies, EthosEnergy, and Rokade RotoTechniks.

Key Industry Developments

• In May 2024, GE Vernova received the initial order from the Tennessee Valley Authority (TVA) as a component of a rapid-track project to replace the 1.3-GW Kingston Fossil Plant in Tennessee with a 1.5-GW modern complex. The original equipment manufacturer will provide 16 LM6000 VELOX dual fuel DLE gas turbine and generator packages, which are expected to deliver 850 MW when they begin operating in 2028.


• In April 2024, Rivit Srl, Baker Hughes, was awarded a contract to supply gas technology equipment for the third phase of Saudi Aramco's master gas system (MGS) project. Baker Hughes will supply 17 pipeline centrifugal compressors driven by aero-derivative gas turbines for Aramco's 4000-kilometer pipeline. The company expects to increase domestic gas distribution and contribute to a reduction of carbon emissions and oil consumption.


• In January 2024, CS Energy awarded GE Vernova's Gas Power business a contract to supply aero-derivative gas turbines for a hydrogen-ready power plant in Queensland, Australia. Brigalow Peaking Power Plant will generate 400MW of energy. GE Vernova is supplying its LM2500XPRESS aero-derivative gas turbines. The power plant is capable of operating on green hydrogen at a volume of 35% initially. During its first 10 years of operation, it will switch from running entirely on hydrogen.


• In November 2023, GE Vernova's Gas Power business announced that it had secured a contract to build temporary generating capacity at SSE's Tarbert site in County Kerry, Ireland. The anticipated generating capacity of 150 megawatts (MW), powered by three GE Vernova LM6000PC Sprint aero-derivative gas turbines, marks GE Vernova's third temporary reserve power plant for catering to the energy demands and ensuring the security of supply in Ireland. GE Vernova is now expected to provide more than 1.1 gigawatts of reserve power in Europe.


• In July 2023, Bharat Heavy Electricals Limited (BHEL) announced the execution of a Technical Assistance and License Agreement with General Electric Technology GmbH Switzerland for the manufacture of Gas Turbines. As per the agreement, BHEL will have the capability to provide Gas Turbines with fuel blends encompassing Hydrogen, Methanol, and Syngas, among others, in a hybrid configuration, thereby accelerating the energy transition in India. Additionally, aero-derivative gas turbines will aid in balancing the grid in accordance with the nation's ambitious renewable energy build-up target.