Universally Growing $3.40 Bn Gas Sensors Market Size | Industry Trends with Major Eminent Vendors: City Technology Ltd., Alphasense, Membrapor AG, Dynament Ltd., and Figaro Engineering

A Research Study Titled, “Gas Sensors Market by product Type - Global Industry Analysis and Forecast to 2022” published by Crystal Market Research, states that the gas sensors market is projected to be around $3.40 billion by 2022.

The global gas sensors market was evaluated around USD 1.70 billion in the 2012 and is expected to reach approximately USD 3.40 billion by the end of 2022 while registering itself at a compound annual growth rate (CAGR) of 6.45% over the forecast period.

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Gas Sensors, 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.

The gas sensor is a device that sense density of diverse gases inside the area, generally as a fraction of a safety system. Utilization of gas sensors is to sense actual gas densities in gas generations or gas leaks. These sensors transform gas compositions or partial pressures measured in gases or air into an electric signal. Few of the key gas sensor products are solid-state gas sensors, electrochemical gas sensors, PID (photoionization detectors), infrared gas sensors, catalytic gas sensors, and others. The gas sensors found application in numerous sectors and some of the major applications are in process industries, automotive industry, building automation, industrial applications, medical applications, and others. Gas sensors include two fundamental parts: a transducer translating the chemical reactions into an output signal and a receptor altering chemical recognition. The gas sensors derived from semiconductor technology are followed by the electrochemical gas sensing technology in a most cost-efficient way. Electrochemical gas sensors are utilized for observing the existence of toxic gases, environmental pollutants, oxygen, and few flammable gases. Catalytic sensors and IR gas sensors are utilized for detecting flammable gases.

The global gas sensors market is segmented as follows:

Gas Sensors, By Product: Carbon Dioxide Sensors, Carbon Monoxide Sensors, NOx Sensors, Oxygen/Lambda Sensors, Other Products

Gas Sensors, By Technology: Solid State/MOS, PID, Catalytic, Infrared (IR), Electrochemical, Semiconductor, Other Technologies

Gas Sensors, By End User: Environmental, Petrochemical, Automotive, Industrial, Medical, Building Automation & Domestic Appliances, Other End User

The key industry participants for the gas sensors market are; City Technology Ltd., Alphasense, Membrapor AG, Dynament Ltd., and Figaro Engineering. According to the product type, the global market is split into; Carbon Dioxide Sensors, Carbon Monoxide Sensors, NOx Sensors, Oxygen/Lambda Sensors, and Other Products. On the basis of Technology, the global market is divided into; Solid State/MOS, PID, Catalytic, Infrared (IR), Electrochemical, Semiconductor, and other technologies. By End-user, the market is classified as; Environmental, Petrochemical, Automotive, Industrial, Medical, Building Automation & Domestic Appliances, and Other End Users.

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Gas Sensors, 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

Gas Sensors, 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.

Gas Sensors, ToC -

Chapter 8: Company Profiles -

8.1.Aeroqual Ltd.
8.1.1.Business Overview
8.1.2.Product Portfolio
8.1.3.Key Financials
8.1.4. Strategic Developments

8.2.ABB Ltd.
8.2.1. Business Overview
8.2.2. Product Portfolio
8.2.3. Key Financials
8.2.4. Strategic Developments

8.3.City Technology Ltd.
8.3.1. Business Overview
8.3.2. Product Portfolio
8.3.3. Key Financials
8.3.4. Strategic Developments

8.4.Figaro Engineering Inc.
8.4.1. Business Overview
8.4.2. Product Portfolio
8.4.3. Key Financials
8.4.4. Strategic Developments

8.5.Dynament Ltd
8.5.1. Business Overview
8.5.2. Product Portfolio
8.5.3. Key Financials
8.5.4. Strategic Developments
...

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Key findings of the Gas Sensors Market -

• Increasing use of gas sensors mainly in process industry and healthcare sector is the driving factor for the global market while rising cost is the restraining one.

• Major market players in the global gas sensors market are investing heavily in research and development to develop wider product range that matches exclusive necessities of each application.

• In 2013, Europe region ruled the global demand with an estimated market share of over 30%. Asia-Pacific region followed the Europe with significant market share.

• Key players in the market are; City Technology Ltd., Alphasense, Membrapor AG, Dynament Ltd., and Figaro Engineering.

Continued…

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