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New Applications Drive Growth in the Fiber Optic Stress/Strain Measurement Equipment Markets - New analysis from Frost & Sullivan, World Stress/Strain Measurement Equipment Markets, reveals that the market earned revenues of $3.2 billion in 2006 and estimates this to reach $4.5 billion in 2013
New Applications Drive Growth in the Fiber Optic Stress/Strain Measurement Equipment Markets

 

NewswireToday - /newswire/ - Palo Alto, CA, United States, 2007/09/05 - New analysis from Frost & Sullivan, World Stress/Strain Measurement Equipment Markets, reveals that the market earned revenues of $3.2 billion in 2006 and estimates this to reach $4.5 billion in 2013.

   
 
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The need for sophisticated equipment continues to gain significance as new applications for stress/strain measurement increase in the European and Asia Pacific oil and gas, as well as building sectors. Accordingly, the stress/strain measurement equipment markets, comprised of conventional and fiber optic methods, appear set to achieve growth.

New analysis from Frost & Sullivan (testandmeasurement.frost.com), World Stress/Strain Measurement Equipment Markets, reveals that the market earned revenues of $3.2 billion in 2006 and estimates this to reach $4.5 billion in 2013.

If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants, an overview of the latest analysis of the World Stress/Strain Measurement Equipment Markets, then send an email to Sara Villarruel - Corporate Communications at sara.villarruel[.]frost.com with the following information: your full name, company name, title, telephone number, email address, city, state, and country. We will send you the information via email upon receipt of the above information.

"Technologies such as Fiber Bragg Gratings (FBG), the Brillouin scattering method, Fabry-Pérot fiber optic sensing technology and Rayleigh scattering methods contributed to the growth of the fiber optic measurement equipment market in 2006," notes Frost & Sullivan Senior Research Analyst Sujan Sami. "Moreover, these technologies are expected to assist the fiber optic methods in exceeding customer requirements more effectively when compared to conventional technologies."

Currently, the FBG technology contributes about 70 percent of the total fiber optic market revenues, followed by the Fabry-Pérot fiber optic sensing technology and the Rayleigh scattering method. In the long term, the Rayleigh scattering method will likely increase its potential and generate larger revenues for this market segment.

In the future, these products will compete with conventional methods such as strain gages and load cells. Fiber optic equipment reliability and high competition with conventional methods represent the key challenges affecting the growth of this market.

"Conventional methods have existed for over six decades and the impact of the fiber optic products will likely take at least another decade to overcome the growth of the mature conventional-type measurement equipment market," says Sami. "Moreover, the high cost of fiber optic equipment remains a deterrent to market growth."

Furthermore, remote monitoring represents one area of concern for the conventional methods, especially in situations where the sensor and instrument are placed several miles apart. Therefore, remote monitoring is a key driver for the fiber optic equipment market.

Given these factors and the growth potential of fiber optic methods, vendors’ continuous efforts to educate end-users about the features of these devices will prove beneficial.

World Stress/Strain Measurement Equipment Markets is part of the Test and Measurement Growth Partnership Service, which includes research in the following markets: World Non-destructive Test Equipment Market, World Mechanical Test Equipment Market, World VXI and PXI Test and Measurement Equipment Market, World Condition Monitoring Equipment and Services Markets, and World Rapid Prototyping Equipment Markets. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants. Interviews with the press are available.

About Frost & Sullivan
Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership service, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics.

 
 
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New Applications Drive Growth in the Fiber Optic Stress/Strain Measurement Equipment Markets

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Frost & Sullivan |
Publisher Contact: Sara Villarruel 
210.477.8448 sara.villarruel[.]frost.com
 
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