Frost & Sullivan Expects Buoyant Growth in the South African Pressure Sensors Market
By Prne, Gaea News NetworkTuesday, March 10, 2009
CAPE TOWN, South Africa - Growth in the South African pressure sensors market will remain buoyant,
undeterred by the economic slowdown and inflation. This will mostly be due to
higher investments in the chemicals and petrochemicals and power generation
end-user sectors. Other factors supporting steady market growth are technical
advancements, infrastructural development in end-user sectors and migration
toward electronic pressure measurement.
(Logo: www.newscom.com/cgi-bin/prnh/20081117/FSLOGO)
New analysis from Frost & Sullivan (www.sensors.frost.com), South
African Pressure Sensors Market, finds that market earned revenues of over
$22.5 million in 2007 and estimates this to reach $40.5 million in 2014.
If you are interested in a virtual brochure, which provides a brief
synopsis of the research and a table of contents, then send an e-mail to
Patrick Cairns, Corporate Communications, at patrick.cairns@frost.com, with
your full name, company name, title, telephone number, company e-mail
address, company website, city, state and country. Upon receipt of the above
information, a brochure will be sent to you by e-mail.
“Several major factors will drive demand for pressure sensing
technologies in the chemicals and petrochemicals and power generation
end-user sectors,” notes Frost & Sullivan Research Analyst James Fungai
Maposa. “These include the need for investment within the power sector, the
boom in metal prices during the first half of 2008, and informed
decision-making for batch process industries.”
In the long term, a surge in demand is anticipated in the chemical and
petrochemicals, power generation, metals, minerals and mining, automotive as
well as water and wastewater end-user sectors. Moderate growth is expected
for the food and beverage, pulp and paper, and pharmaceutical end-user
sectors.
However, the current global financial crisis could limit the financial
resources available for key end-user expansion and periodic equipment
replacement purchases. Major end-user companies are tightening their budgets
in order to stay viable and profitable, resulting in reduced purchases of
pressure sensing equipment.
A flexible pricing strategy and the establishment of a sensor repair
facility are strategies that suppliers could adopt to maintain a sizeable
client base capable of sustaining revenue generation over the long term.
“To maintain market growth, suppliers should also market the benefits of
purchasing newer pressure sensing technologies including software competence,
multivariable measurement and harsh environment adaptability,” concludes
Maposa.
South African Pressure Sensors Market is part of the Sensors &
Instrumentation Growth Partnership Service programme, which also includes
research in the following markets: South African Flow Sensors Market, South
African Channel Partners Analysis for Industrial Automation and Control
Solutions, and South African Valves and Actuators Market. All research
services included in subscriptions provide detailed market opportunities and
industry trends that have been evaluated following extensive interviews with
market participants. Interviews with the press are available.
Frost & Sullivan, the Growth Partnership Company, enables clients to
accelerate growth and achieve best in class positions in growth, innovation
and leadership. The company’s Growth Partnership Service provides the CEO and
the CEO’s Growth Team with disciplined research and best practice models to
drive the generation, evaluation and implementation of powerful growth
strategies. Frost & Sullivan leverages over 45 years of experience in
partnering with Global 1000 companies, emerging businesses and the investment
community from 31 offices on six continents. To join our Growth Partnership,
please visit www.frost.com.
South African Pressure Sensors Market
M301
Contact:
Patrick Cairns
Corporate Communications - Africa
P: +27-18-468-2315
E: patrick.cairns@frost.com
www.frost.com
Source: Frost & Sullivan
Patrick Cairns, Corporate Communications - Africa of Frost & Sullivan, +27-18-468-2315, patrick.cairns at frost.com / Logo: https://www.newscom.com/cgi-bin/prnh/20081117/FSLOGO
Tags: Africa, Cape town, South Africa