NEWS RELEASE May 2018
Power Industry will Spend over $1.5 billion for Gas Measurement in 2022
There will be substantial increases in purchase of gas measurement devices in the power industry over the next five years. The purchase of instrumentation will expand faster than the construction of new power plants due to the following factors.
- Increasing measurement and control at existing plants
- Expansion of coal fired capacity in Asia
- Expansion of gas turbine combined cycle plant capacity worldwide
- Development of better instruments which justify replacing existing instruments or use where instruments were not previously used
- Expansion of the regulatory requirements to measure stack emissions continuously
- Expansion in the number of pollutants to be measured
- Expansion of rules to measure fence line and other ambient pollutants
- Improvements of combustion efficiency with better in furnace gas measurements
The top 15 power companies will spend more than $750 million for gas measurement devices in 2022. This includes analyzers to measure CO, CO2, O2, NOx, NH3, SO2, SO3, mercury and dust. The requirements for mass measurement of dust are boosting the market because their cost is considerably greater than the previously required opacity monitors.
For forecasts of gas measurement by industry and country click on N031 Industrial IOT and Remote O&M.
Each coal fired power plant project is tracked at 42EI Utility Tracking System.
Each gas turbine plant project is tracked at 59EI Gas Turbine and Reciprocating Engine Supplier Program.