Demand for Wind Energy to Boost the Industrial Laser Sensor Market | Technavio

November 28, 2017

LONDON–(BUSINESS WIRE)–#IndustrialAutomation—Technavio
market research analysts forecast the global
industrial laser sensor market to grow at a CAGR of more than
10% during the forecast period, according to their latest report.

The market study covers the present scenario and growth prospects of the
global industrial laser sensor market for 2017-2021. The report also
lists discrete industry and process industry as the two major end-user
segments, of which the discrete industry accounted for more than 65% of
the market share in 2016.

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Technavio analysts highlight the following three market drivers that are
contributing to the growth of the global
industrial laser sensor market:

Rise in Industrial Revolution with respect to IoT
Increasing use of CMOS displacement sensors
Growing power generation from wind energy

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Rise in Industrial Revolution with respect to IoT

The Industry 4.0 is a revolution in industries that is primarily focused
on the automation of factories and implementation of IoT in industries.
Industry 4.0 enables advances in industries by converging industrial
systems with the competence of advanced computing, analytics, and
low-cost sensing, and new levels of connectivity enabled by the
Internet. A few of the technologies supporting this revolution are cloud
services, Big Data analytics, and pervasive sensing technologies.

According to Raghav Bharadwaj Shivaswamy, a lead analyst at Technavio
for automation
research, “The emergence of smart factories has resulted in the
development of sensing technologies, which are used in all industrial
automation applications. The incorporation of sensing technology in
industries ensures accuracy and consistency. Key developments in
industrial laser sensors owing to the evolution of the Industry 4.0
include two-way communication in factory control systems by adding
IO-Link interface capability to sensors.”

Increasing use of CMOS displacement sensors

Complementary metal-oxide-semiconductor (CMOS) optical displacement
sensors are less expensive laser displacement sensors, which are
superior to traditional displacement sensors such as eddy current and
capacitive sensors. These laser displacement sensors are well-suited to
make difficult thickness measurements. Laser displacement sensors can
measure just about any target material equally well. They have high
operating ranges with standoff distances ranging from a few inches to
several feet. On the other hand, capacitive and eddy current have
operating ranges of tenths of inches. The large standoff range not only
enhances the usability of laser displacement sensors but also allows
changes in the thickness of lasers without any need to reset the
sensors. CMOS laser displacement sensors are compact. In addition, they
incorporate bulky controllers and control electronics within the sensing
head.

Growing power generation from wind energy

Depleting conventional resources and growing greenhouse gas (GHG)
emissions are encouraging countries worldwide to shift their focus
toward renewable sources to produce power. Wind power is the most
efficient source of power generation among all the renewable energy
sources. It is also one of the most abundant sources of alternative
energy. Countries such as Denmark, Spain, Germany, and the UK produce
over 10% of their power by using wind energy. With a rise in wind energy
generation, Technavio expects the demand for industrial
laser sensors to increase during the forecast period.

“Rising awareness about the benefits of wind energy is fueling the
demand for automation. Wind energy can increase rotational speed and
energy output, ensuring a high rate of return for investors from wind
projects. Industrial laser sensors are used in wind power generation to
measure the speed, direction, and angle of movement of the flanges. This
is because the deflection in angles affects the operational efficiency
of producing energy,” says Raghav.

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