Press release
Oxygen gas sensors market is expected to grow at a CAGR of 7% over the forecast period (2018-2023) |Key Vendors - ABB LTD, FUJIKURA LTD, SENSEAIR AB, FUJIKURA LTD, SIEMENS AG, amongst others.
Asia-Pacific is expected to dominate the MarketAsia-Pacific is the largest market for these sensors and is also expected to be one of the fastest growing markets during the forecast period. North America and Europe hold considerable shares in this industry. The Middle East & Africa is a fast-growing region with high potential for growth.
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Oxygen gas sensors are majorly employed in automobile exhausts and mines, to accurately measure the air quality and oxygen content. Increasing adoption of air quality monitoring and control systems and indoor air filters that utilize these sensors is also helping drive demand in this market. Electrochemical sensors are estimated to hold the largest market share in this segment; however, innovations in technology and advantages of optical-based sensors are driving the growth of these sensors.
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Market Segments:
Oxygen gas sensors market is segmented by:
1. Type: Potentiometric Oxygen Sensor, Amperometric Oxygen Sensor, Resistive Oxygen Sensor, Others
2. End-user Industry: Medical, Building Automation, Environmental, Petrochemical, Automotive, Industrial, Waste and Wastewater, Others
3. Technology: Catalytic, Infrared, Others
4. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa
Key Developments in the Market
• July 2017 - Bosch has added braking, rotating machine, filter, and oxygen sensor coverage for more than 40 million vehicles in operation in the month of June. The new replacement parts offer OE fit, form and function for vehicles from BMW, Mercedes-Benz, Chevrolet, Chrysler, Hyundai, and Acura.
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