Press release
Gas Sensors Market Revenue To Surpass $2,513 Million By 2024 | Hexa Research
The Global Gas Sensors Market is anticipated to grow beyond USD 2,513 million by 2024 growing at a CAGR of over 6 % over the forecast period (from 2016 to 2024). Various technological innovations, mainly due to the improved manufacturing methods and embedded electronics are projected to augment the growth of the global market. In addition, the rising demands from various end-use industries are also estimated to positively impact the global industry. The global market is categorized as products, technology, end-uses, and regions.The product sector comprises Nitrogen Oxides (NOx), Oxygen (O), Carbon Monoxide (CO), and Carbon Dioxide (CO2). The oxygen sensor sector occupied over 10 % of the total market revenue in 2015. It is further projected to grow rapidly over the next few years. However, the NOx sensor sector is anticipated to become the fastest-growing segment with a CAGR of over 7 % over the estimated years. The CO2 sensor sector has also been experiencing increased demands from the bulk food storage segment. However, the high costs of these CO2 sensing products are likely to hamper the sector growth in near future.
Browse Details of Report @
https://www.hexaresearch.com/research-report/gas-sensors-industry/
The technology sector includes electrochemical, infrared, semiconductor, solid state, catalytic, and Photoionization Detector (PID). The electrochemical sector is anticipated to dominate the global gas sensors market during the forecast period. The infrared technology sector is estimated to grow at the maximum CAGR of over 6 % during the forecast period.
The end-use segment involves industrial, environmental, petrochemical, building automation & domestic appliances, automotive, and medical. The industrial sector was the biggest end-use sector in 2015 and is projected to maintain its dominance even during the estimated years. The medical sector is also said to be one of the high growth avenues. It is likely to grow more rapidly than the global average, with a CAGR of over 6 % over the forecast period.
Geographically, Asia-Pacific was the largest regional gas sensors market in 2015 and held over 27 % of the global revenue. The region is further said to be the fastest-growing regional market with a CAGR of over 7 % from 2016 to 2024. The Europe region is also estimated to witness a rapid growth in the near future.
Some of the major players in the gas sensors market include Membrapor AG; City Technology Ltd.; AlphaSense Inc.; Dynament Ltd.; and Figaro Engineering Inc.
Browse Related Category Market Reports @
https://www.hexaresearch.com/research-category/sensors-and-controls-industry
About Us:
Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.
Contact Us:
Ryan Shaw
Hexa Research
Felton Office Plaza
6265 Highway 9
Felton, California 95018
United States
Phone: +1-800-489-3075
Email: sales@hexaresearch.com
Website - http://www.hexaresearch.com/
Visit Our Blog - https://hexaresearchinc.wordpress.com/
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Gas Sensors Market Revenue To Surpass $2,513 Million By 2024 | Hexa Research here
News-ID: 547246 • Views: …
More Releases from Hexa Research
Acetic Acid Market Research & Development | Industry Report, 2022
The global acetic acid market will be valued at more than $13 billion in 2022. Growing demand for applications like Purified Terephthalic Acid (PTA) and Vinyl Acetate Monomer (VAM) will contribute to this growth. PTA is increasingly being consumed for manufacturing polyester, which is an important constituent of the textile and packaging industries. PTA is expected to witness the fastest growth with a CAGR of more than 4.9% from 2015…
Digitally Printed Wallpaper Market Research & Development | Industry Report, 202 …
The global digitally printed wallpaper market is anticipated to reach USD 13.07 billion by 2025 from USD 2.33 billion in 2017 and is expected to register a CAGR of 24.01% from 2017 to 2025. Growing awareness of home decor market is expected to drive the market for the residential and nonresidential segments. Increased construction in the emerging economies, growth in the residential sector and increasing consumer desire for premium home…
Enhanced Oil Recovery (EOR) Market offshore segment is expected to grow at CAGR …
The global enhanced oil recovery (EOR) market size is estimated to reach USD 55.02 billion by 2025, fueled by the increasing demand for energy in a broad range of applications including manufacturing, infrastructure and utilities. Rising number of aged wells resulting in low oil output has paved the way for advanced technologies including EOR to achieve optimum production.
Keeping these driving factors in mind, companies are focusing on developing advanced technologies…
U.S. Organic Food Market Size and Share | Industry Report, 2025 | Hexa Research
The U.S. organic food market size is expected to reach USD 70.4 billion by 2025 as a result of increasing demand from consumers. Consumers in U.S. seek convenient purchasing options and organic food, which is now easily available, is gaining popularity. These food products are available in more than 20,000 natural food stores and conventional grocery stores across the country.
Over the past decade, organic food has witnessed significant growth. Sold…
More Releases for CAGR
[CAGR of 6.7%] Nanocoatings Market Size, Industry Share, CAGR, Regional Forecast …
The global Nanocoatings Market generated $10.7 billion in 2020, and is projected to reach $20.1 billion by 2030, growing at a CAGR of 6.7% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
Download sample PDF @ https://www.alliedmarketresearch.com/request-sample/2064
According to the report published by Allied Market Research,…
[CAGR of 5.3%] Pigments Market Size, Industry Share, CAGR, Regional Forecast, 20 …
A recent report by Allied Market Research provides a detailed analysis of the pigments market, highlighting its robust growth. The industry was valued at $27.2 billion in 2022 and is projected to surge to $45.4 billion by 2032, exhibiting an impressive CAGR of 5.3% from 2023 to 2032.
This research report identifies the growth drivers behind the market's expansion and delves into the market dynamics using advanced analytical frameworks…
[CAGR of 5.5%] Silica Flour Market Size, CAGR, Competitive Analysis and Forecast …
The global silica flour industry generated $520.0 million in 2021, and is estimated to reach $876.3 million by 2031, witnessing a CAGR of 5.5% from 2022 to 2031.
Allied Market Research published a report, titled, "Silica Flour Market by Type (Quartz, Cristobalite), by Application (Fiberglass, Glass and Clay, Oil Well Cement, Ceramic and Refractory, Foundry, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031." The report offers a detailed analysis…
Enzymes Market Expansion CAGR of 4.9% CAGR Anticipated 2025-2034
The Enzymes Market report is an in-depth examination of the global Enzymes Market's general consumption structure, development trends, sales techniques, and top nations' sales. The research looks at well-known providers in the global Enzymes Market industry, as well as market segmentation, competition, and the macroeconomic climate. A complete Enzymes Market analysis takes into account a number of aspects, including a country's population and business cycles, as well as market-specific microeconomic…
Electric Bed Market CAGR, Size, Share Grow USD 2,063 Million by 2030 CAGR 13.70%
Global electric bed market size is expected to be worth roughly USD 2,063 million by 2030, growing at a CAGR of more than 13.7% during the projected timeframe of 2022-2030, according to Ameco Research
A significant portion of the population over the age of 60, who often have reduced immunity levels and are more susceptible to neurological disorders, cardiac issues, tumors, and spinal cord compression, is anticipated to have a substantial…
Call Center AI Market Latest, CAGR, Volume and Value 2022-2030 | (CAGR) of 25%
New York , United States- Report Ocean published the latest research report on the Call Center AI market. In order to comprehend a market holistically, a variety of factors must be evaluated, including demographics, business cycles, and microeconomic requirements that pertain precisely to the market under study. In addition, the Call Center AI market study demonstrates a detailed examination of the business state, which represents creative ways for company growth,…
