Press release
Gas Sensors Market Growth, Technological Advancement, Competitive Strategies and Forecast to 2022 |Growing Industry Key Players: City Technology Ltd., Alphasense, Membrapor AG, Dynament Ltd
Gas Sensors Market
Gas Sensors Market 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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Gas Sensors Market Competitive Outlook:
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 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
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Table of Contents:
Chapter1. Introduction
Chapter2. Executive Summary
Chapter3. Market Overview
Chapter4. Gas Sensors Market, By Product
Chapter5. Gas Sensors Market, By Technology
Chapter6. Gas Sensors Market, By End User
Chapter7. Gas Sensors Market, By Region
Chapter8. 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
...CONTINUED FOR TOC
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.
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About Crystal Market Research:
Crystal Market Research is a U.S. based market research and business intelligence company. Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.
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