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Gas Sensors Market to hit USD 2.89 billion by 2022

06-06-2017 08:27 AM CET | Industry, Real Estate & Construction

Press release from: Global Market Insights, Inc.

The latest gas sensors market analysis and research report talks about major applications of gas sensors, growth of these segments as well as offers insights into companies active in this industry and their information. Gas sensors market size was USD 1.9 billion in 2014 and is predicted to achieve USD 2.9 billion in 2022 as estimated by Global Market Insights, Inc. These devices are effectively used for maintaining the safety level especially in toxic environment condition.

These sensors check the level of toxic gases mainly in industrial environments for avoiding any mishap. With a focus on security measures for preventing gas leakages, an exponential growth on this product is predicted. In addition, government norms for ensuring the health and security of workers are anticipated to increase demand over the projected period.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/123

Oxygen sensors are widely used in vehicles for maintenance of air quality. And also the effort to control emission across Asia Pacific is going to give a significant boost to the regional industry.Let’s take a look on some of the figures forecasting the future of sensors and their importance in near future.

Nitrogen oxide sensors touched USD 150 million in 2014 and are anticipated to rise at CAGR of 6.5% from 2015 to 2022. Medical gas sensors market share had exceeded 10% of global revenue in 2014. In addition to this, CO2 gas sensor size was gone above USD 500 million in 2014 and is estimated to fuel up to USD 800 million in the year 2022. Latin America market has noticed 10% of global rise in 2014. Europe is expected to rise at a CAGR of over 4.5% in the coming years. These rising digits are not going to stop in future because of wide use of sensors in numerous industries.

Apart from above mentioned sensors and their statistics, semiconductor gas sensing technology is also widely used for checking the gas level by measuring the change in resistance of semiconductor. It contributed to 18% of overall gas sensors industry in 2014. Along with cost effective feature, these sensors are known for eliminating toxic and combustible gases present in the environment.

Chief manufacturers of sensors include Alphasense, Membrapor, Dynament, Figaro Engineering, City Technology and Dynament. All of them have dominated the market accounting for over 50% of the industry in 2014. In addition to new product development, companies working in this sector have adopted long-term agreements, along with mergers and acquisitions as primary growth strategies.

However, use of shale gas especially in electricity production may challenge the growth rate. It has emerged as an eco-friendly way of electricity production over the power generated through coal. But as per the predictions of market trends, these products are going to thrive in next coming years.

Browse key industry insights spread across 95 Pages with 60 market data tables & 47 figures from the report, “Gas Sensors Market Size By Technology (Electrochemical, Semiconductor, PID, Solid State, Catalytic, Infrared), By Product (Oxygen, Carbon Dioxide, NOx, Carbon Monoxide), By End-Use (Medical, Environmental, Petrochemical, Building Automation & Domestic Appliances, Automotive, Industrial), Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2015 – 2022” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/gas-sensors-market-size

This latest XYZ Market research report offers in-depth analysis, key industry insights, market sizing & forecast on a granular level for key products, applications across number of regional markets. The report also analyzes the XYZ industry from business strategy perspective, describing in detail growth drivers, pitfalls &challenges for participants, accompanied by a detailed competitive benchmarking including company market share analysis and detailed business profiles.

Reasons to Buy This Report

• Global Gas Sensors Market size & forecast by product & application.
• Growth drivers, pitfalls & industry challenges.
• Key Gas Sensors Market growth opportunities & emerging business models.
• Competitive benchmarking with market share analysis and company profiles.

Browse Related Reports:

Optical Sensors Market Size By Product (Image Sensors, Fiber Optic Sensors, Position Sensors, Ambient Light Sensors [Cadmium Sulfide (CdS), Silicon (Si), InGaAs, Extended InGaAs]), By Application (Aerospace & Defense, Automotive, Consumer Electronics, Healthcare, Industrial), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Russia, China, India, Japan, Australia, South Korea, Brazil Mexico, Saudi Arabia, UAE, South Africa), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024

https://www.gminsights.com/industry-analysis/optical-sensor-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com

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