Optical Chemical Sensor Market 2022 Growth, Prominent Players: Siemens AG, General Electric Co., Honeywell International Inc.
The optical chemical sensor market was valued at USD 1.81 billion in 2020 and is expected to reach a value of USD 4.77 billion by 2026, registering a CAGR of 17.57%, during the forecast period (2021 - 2026).
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Top Leading Companies of Optical Chemical Sensor Market are - Siemens AG, General Electric Co., Honeywell International Inc., Emerson Electric Company, ABB Ltd, Teledyne Technologies Incorporated, Halma PLC, Alpha MOS SA, Robert Bosch GmbH, Intelligent Optical Systems Inc. and others.
Industry News and Updates:
- January 2018 - Siemen’s building technologies division introduced a dust sensor which can be utilized in buildings, rounding out its product offering for a healthy indoor climate. The sensor can be used to monitor and visualize particle pollution and is easy to integrate into building management systems.
Key Market Trends:
Medical Sector to Witness High Growth
- The rising demand for the next generation of clinical diagnostics, measuring and monitoring sensors for applications in implantable and wearable devices have created huge opportunities with exponential growth potential for the market.
- Chemical sensing array and higher order orthogonal sensors are significant trends in the global market. Particularly in bio-sensing, advancements in micro fluids, and imaging technology are the primary driving factors of optical chemical sensors market.
- With less raw material usage and the emergence of nano and microfabrication techniques within the industrial manufacturing process have led to a substantial increase in the commercialization of optical chemical sensors for healthcare applications and is expected to stay steady during the forecast period.
North America Occupies a Significant Share in the Market
- Owing to the rising healthcare expenditure and the increasing incidence of diseases in this region, the United States is expected to contribute significantly to the optical chemical sensors and biosensors market. This is owing to the miniaturization, the carbon-nanotube-based optical sensor can detect a specific protein found on the membrane of chronic myeloid leukemia cells.
- Additionally, optical chemical (gas) sensors provide a good alternative over the conventional conductometric gas sensors. They are found to be highly sensitive with a very fast response towards a wide concentration range (0.5 to 100 ppm) of CO gas at room temperature and hence creates the way for the commercial application of an efficient optical CO gas sensor.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Optical Chemical Sensor Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Optical Chemical Sensor Market (%),2016 - 2026
- Optical Chemical Sensor Market Share, By Brand
- Optical Chemical Sensor Market Share, By Company
- Optical Chemical Sensor Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Optical Chemical Sensor Market Value Analysis & Forecast
- Promising Optical Chemical Sensor Development by Major Companies
- Detailed Optical Chemical Sensor Portfolio of the Major Companies
- Major Deals in the Optical Chemical Sensor Market
- Major Companies Analysis
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