Free Articles, Free Web Content, Reprint Articles
Monday, May 20, 2019
 
Free Articles, Free Web Content, Reprint ArticlesRegisterAll CategoriesTop AuthorsSubmit Article (Article Submission)ContactSubscribe Free Articles, Free Web Content, Reprint Articles
 

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.  

Get sample pages from our latest research report

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.
 


Key report insights suggest:

  • Global demand in industrial sector contributed to over 19% of the overall revenue generation in 2014. Government regulations pertaining to ensure healthy and safety environment of employees is likely to fuel the demand growth over the forecast period. Need to monitor cabin air quality as well as the presence of vehicle emission control regulations are expected to be favorable for automotive gas sensors market size.
     
  • Electrochemical gas sensors market was valued at USD 350 million in 2014; these products are mainly deployed to detect numerous gases and are also cost effective. Infrared technology supports measurement of volatile organic compounds (VOC) such as acetylene, benzene, butane, etc. along with other gases; however, it is not as cost-effective as its counterparts. 
  • Europe gas sensors market share accounted for over 27% of the overall revenue in 2014 and is expected to dominate the demand. Asia Pacific is likely to be the fastest growing region, primarily attributed due to technology innovation. 
  • Chief manufacturers include Alphasense, Membrapor, Dynament, Figaro Engineering, and City Technology among others. In addition to new product development, companies operating in the industry have adopted long-term agreements, as well as mergers and acquisitions as key growth strategies.


Global Market Insights has segmented the gas sensors industry on the basis of technology, product, end-use and region:

Gas Sensors Technology Analysis (Revenue, USD Million, 2012 - 2022)

  • Electrochemical
  • Semiconductor
  • Solid State
  • PID
  • Catalytic
  • Infrared

Gas Sensors Product Analysis (Revenue, USD Million, 2012 - 2022)

  • Oxygen
  • Carbon Dioxide
  • Carbon Monoxide
  • NOx

Gas Sensors End-Use Analysis (Revenue, USD Million, 2012 - 2022)

  • Medical
  • Building Automation & Domestic Appliances
  • Environmental
  • Petrochemical
  • Automotive
  • Industrial

Gas Sensors Regional Analysis (Revenue, USD MillionScience Articles, 2012 - 2022)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • MEA

Source: Free Articles from ArticlesFactory.com

ABOUT THE AUTHOR


About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

Contact Us:

Jack Davis

Corporate Sales, USA

Global Market Insights, Inc.

Phone: 1 302-846-7766

Toll Free: 1 888-689-0688

Email: sales@gminsights.com

 



Health
Business
Finance
Travel
Technology
Home Repair
Computers
Marketing
Autos
Family
Entertainment
Law
Education
Communication
Other
Sports
ECommerce
Home Business
Self Help
Internet
Partners


Page loaded in 1.089 seconds