Gas Sensors Market by Product, Technology and End User - Global Industry Analysis and Forecast to 2022
Gas Sensors Market from Qurate’s Repository provides detailed information, in-depth analysis, and forecast which is developed by a team of experts and professionals
(EMAILWIRE.COM, August 20, 2018 ) Industry Trend Analysis
In 2012, the global gas sensors market was valued around USD 1.70 billion and is anticipated to reach approximately USD 3.40 billion while maintaining a compound annual growth rate (CAGR) of 6.45% during the forecast period. Technology advancements, largely owing to improved embedded electronics and manufacturing processes are anticipated to fuel the growth of the global gas sensors market. For instance, in the automobile sector, harmful emissions have contributed to the composing of regulations for emission control and produced the requirement to monitoring its concentration. NOx and CO sensors are installed with this intention, hence bestowing towards the growth of global market revenue. Oxygen sensors are installed in vehicles for monitoring cabin air quality. Different types of toxic and combustible substances used in manufacturing processes like NO2 (Nitrogen Dioxide), H2S (Hydrogen Sulfide), etc. present an elevated risk for people in the surrounding area. Hence, it is essential to constantly supervise their concentration in industrial surroundings to prevent any mishaps. Demand for these sensors so as to ensure occupational safety and health is on the augment over several industry segments like manufacturing and process industries. Rising adoption of smart and wireless sensing technologies is anticipated to drive the growth of the global gas sensors market during the forecast years.
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Product Outlook and Trend Analysis
In 2013, oxygen sensors reported for 10% of the global market revenue and are anticipated to achieve market share during the projected period. The products sensing carbon dioxide have been experiencing rising demand from the mass food storage segment as they are skilled for detecting initial spoilage as well as obtaining CO2 levels in controlled packages and storage structures. High cost for CO2 detecting products is anticipated to hamper the growth of this segment during the next few years. Carbon monoxide is produced owing to partial combustion of carbon-based compounds and their high concentration is hazardous for humans. CO sensors identify the density of the gas and help in precluding toxic conditions in industrial environments.
Technology Outlook and Trend Analysis
Devices based on PID technology are primarily used in detecting hydrogen sulfide, ammonia, Volatile Organic Compounds (VOCs), etc. Consequently, they are perfect for applications like control and monitoring of leak detection and decontamination in confined spaces and closed rooms. Catalytic sensors are comparatively easy to calibrate and install elastic in nature and can be employed for supervising emissions over various applications. Products derived from this technology can be used over an extensive range of temperature. Solid state products are tough in nature; thus, they can be employed in corrosive surroundings. They can also function at elevated temperatures and are susceptible to alterations in concentration, which assist to monitor toxic emissions and explosions. Products based on thermal conductivity utilize filaments in an attempt to detect any changes happening in the target substance’s thermal conductivity.
End-user Outlook and Trend Analysis
End-user industries are building automation and domestic appliances, medical, industrial, automotive, petrochemical, and environmental. In 2013, environmental applications reported for 12% of the global market revenue. The industrial section is anticipated to continue ruling the global market in the approaching years, and supervise production processes and also preventing leaks. Gas sensing is necessary in the commercial and space for supervising harmful emissions as well as avoiding deficiency of oxygen.
Regional Outlook and Trend Analysis
In 2013, Asia Pacific regional gas sensors market was the top regional segment and reported for around 25% of global market revenue, largely owing to technological innovations in this region. Increasing demand for incorporated products utilized in hand-held equipment has also stimulated the market growth activities. Moreover, encouraging government regulations like the Wealth and Welfare, Industrial Safety Act are anticipated to drive regional market demand. Energy conservation initiatives and emission control standards are expected to support the market demand for the European automotive sector. Increasing uses of these devices and rising demand from end-user industries are also estimated to be the key growth drivers for this market.
Competitive Outlook and Trend Analysis
Key market players with a major share of the global gas sensors market are City Technology Ltd., Alphasense, Membrapor AG, Dynament Ltd., and Figaro Engineering. Product development is the key strategy followed by major market players. City Technology concentrates mainly on innovation and development capabilities and also follows strategies like investment in research and development; it invested extensively in process equipment and state-of-the-art automation to insure that their products are validated and manufactured to custom-made specifications. They have also set up a facility to manufacture and test its products along with the expansion of integrated electrochemical, optical, and pellistor technologies.
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The global gas sensors market is segmented as follows:
By Product
Carbon Dioxide Sensors
Carbon Monoxide Sensors
NOx Sensors
Oxygen/Lambda Sensors
Other Products
By Technology
Solid State/MOS
PID
Catalytic
Infrared (IR)
Electrochemical
Semiconductor
Other Technologies
By End User
Environmental
Petrochemical
Automotive
Industrial
Medical
Building Automation & Domestic Appliances
Other End User
By Region
North America
U.S
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
Australia
India
South Korea
Rest of Asia Pacific
Rest of the World
Brazil
South Africa
Saudi Arabia
United Arab Emirates
Others
Some of the key questions answered by the report are:
What was the market size in 2012 and forecast from 2013 to 2022?
What will be the industry market growth from 2013 to 2022?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
Click on the link to Buy Now@ https://www.qurateresearch.com/report/buy/ICT/QBI-CMR-ICT-54892
In 2012, the global gas sensors market was valued around USD 1.70 billion and is anticipated to reach approximately USD 3.40 billion while maintaining a compound annual growth rate (CAGR) of 6.45% during the forecast period. Technology advancements, largely owing to improved embedded electronics and manufacturing processes are anticipated to fuel the growth of the global gas sensors market. For instance, in the automobile sector, harmful emissions have contributed to the composing of regulations for emission control and produced the requirement to monitoring its concentration. NOx and CO sensors are installed with this intention, hence bestowing towards the growth of global market revenue. Oxygen sensors are installed in vehicles for monitoring cabin air quality. Different types of toxic and combustible substances used in manufacturing processes like NO2 (Nitrogen Dioxide), H2S (Hydrogen Sulfide), etc. present an elevated risk for people in the surrounding area. Hence, it is essential to constantly supervise their concentration in industrial surroundings to prevent any mishaps. Demand for these sensors so as to ensure occupational safety and health is on the augment over several industry segments like manufacturing and process industries. Rising adoption of smart and wireless sensing technologies is anticipated to drive the growth of the global gas sensors market during the forecast years.
Request for Free Sample@ https://www.qurateresearch.com/report/sample/ICT/QBI-CMR-ICT-54892
Product Outlook and Trend Analysis
In 2013, oxygen sensors reported for 10% of the global market revenue and are anticipated to achieve market share during the projected period. The products sensing carbon dioxide have been experiencing rising demand from the mass food storage segment as they are skilled for detecting initial spoilage as well as obtaining CO2 levels in controlled packages and storage structures. High cost for CO2 detecting products is anticipated to hamper the growth of this segment during the next few years. Carbon monoxide is produced owing to partial combustion of carbon-based compounds and their high concentration is hazardous for humans. CO sensors identify the density of the gas and help in precluding toxic conditions in industrial environments.
Technology Outlook and Trend Analysis
Devices based on PID technology are primarily used in detecting hydrogen sulfide, ammonia, Volatile Organic Compounds (VOCs), etc. Consequently, they are perfect for applications like control and monitoring of leak detection and decontamination in confined spaces and closed rooms. Catalytic sensors are comparatively easy to calibrate and install elastic in nature and can be employed for supervising emissions over various applications. Products derived from this technology can be used over an extensive range of temperature. Solid state products are tough in nature; thus, they can be employed in corrosive surroundings. They can also function at elevated temperatures and are susceptible to alterations in concentration, which assist to monitor toxic emissions and explosions. Products based on thermal conductivity utilize filaments in an attempt to detect any changes happening in the target substance’s thermal conductivity.
End-user Outlook and Trend Analysis
End-user industries are building automation and domestic appliances, medical, industrial, automotive, petrochemical, and environmental. In 2013, environmental applications reported for 12% of the global market revenue. The industrial section is anticipated to continue ruling the global market in the approaching years, and supervise production processes and also preventing leaks. Gas sensing is necessary in the commercial and space for supervising harmful emissions as well as avoiding deficiency of oxygen.
Regional Outlook and Trend Analysis
In 2013, Asia Pacific regional gas sensors market was the top regional segment and reported for around 25% of global market revenue, largely owing to technological innovations in this region. Increasing demand for incorporated products utilized in hand-held equipment has also stimulated the market growth activities. Moreover, encouraging government regulations like the Wealth and Welfare, Industrial Safety Act are anticipated to drive regional market demand. Energy conservation initiatives and emission control standards are expected to support the market demand for the European automotive sector. Increasing uses of these devices and rising demand from end-user industries are also estimated to be the key growth drivers for this market.
Competitive Outlook and Trend Analysis
Key market players with a major share of the global gas sensors market are City Technology Ltd., Alphasense, Membrapor AG, Dynament Ltd., and Figaro Engineering. Product development is the key strategy followed by major market players. City Technology concentrates mainly on innovation and development capabilities and also follows strategies like investment in research and development; it invested extensively in process equipment and state-of-the-art automation to insure that their products are validated and manufactured to custom-made specifications. They have also set up a facility to manufacture and test its products along with the expansion of integrated electrochemical, optical, and pellistor technologies.
Customize Now@ https://www.qurateresearch.com/report/customize/ICT/QBI-CMR-ICT-54892
The global gas sensors market is segmented as follows:
By Product
Carbon Dioxide Sensors
Carbon Monoxide Sensors
NOx Sensors
Oxygen/Lambda Sensors
Other Products
By Technology
Solid State/MOS
PID
Catalytic
Infrared (IR)
Electrochemical
Semiconductor
Other Technologies
By End User
Environmental
Petrochemical
Automotive
Industrial
Medical
Building Automation & Domestic Appliances
Other End User
By Region
North America
U.S
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
Australia
India
South Korea
Rest of Asia Pacific
Rest of the World
Brazil
South Africa
Saudi Arabia
United Arab Emirates
Others
Some of the key questions answered by the report are:
What was the market size in 2012 and forecast from 2013 to 2022?
What will be the industry market growth from 2013 to 2022?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
Click on the link to Buy Now@ https://www.qurateresearch.com/report/buy/ICT/QBI-CMR-ICT-54892
Contact Information:
Qurate Business Intelligence
Nehal Chinoy
Tel: +919881074592
Email us
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Qurate Business Intelligence
Nehal Chinoy
Tel: +919881074592
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results