Gas sensors market size to reach $2.89 bn by 2022.
Industrial gas sensors market accounted for 19% of the overall share in 2014, with growth forecast at over 5% till 2022. Increasing usage of combustible as well as toxic gases such as NO2 and H2S in industrial processes may cause high risk for employees.
Gas sensors market size was valued at USD 1.9 billion in 2014 and is forecast to reach USD 2.89 billion by 2022, as per a new research report by Global Market Insights, Inc. Proliferating demand for smart sensors along with increasing need in end-use industries such as automotive is anticipated to fuel demand over the forecast period.
CO2 gas sensors market size accounted for over 25% of the overall share in 2014, and is expected to grow faster than the global average over the forecast period. This can be mainly attributed to rising need from the bulk food storage sector. NOx sensor industry is expected to be valued at over USD 250 million by 2022.
Wireless sensors aid in detecting gas concentration and also broadcast a proportional signal. As these devices could be employed in hard-to-reach as well as remote areas, the demand for these systems is likely to remain consistent over the forthcoming years. Several other benefits include cost effectiveness coupled with easy installation. In addition, they have the facility to generate a network of sensors and could be incorporated into convenient electronic devices, namely tablets and smartphones. It enhances the overall performance in harsh peripheral environment.
Gas Sensors Technology Analysis (Revenue, USD Million, 2012 - 2022)
Gas Sensors Product Analysis (Revenue, USD Million, 2012 - 2022)
Gas Sensors End-Use Analysis (Revenue, USD Million, 2012 - 2022)
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