Gas Sensors Market 2019 Leading Growth Drivers, Emerging Audience, Segments, Sales, Profits, Analysis, Size, Statistics
Overview
The escalating levels of pollutant gases in the air are reducing the overall air quality to a significantly low level globally. Market reports related with the semiconductors and electronics industry have been presented by Market Research Future which makes reports on other industry verticals that aims to analyze the current market scenarios better. The market is projected to evolve at a 7% CAGR in the forecast period.
The need for protection from toxic gases is growing rapidly due to the awareness of the significant health issues that can be caused by them. The growth of the wearable technology segment is expected to boost the development of the gas sensors considerably. Improvement in technology and considerable focus on research is expected to lead to miniaturized wireless sensors which will significantly add to the development of the gas sensor market while opening up new avenues for development in the forecast period.
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Key Players
The eminent contenders operating in the gas sensors market are Dynament (U.K), Alphasense (U.K), Amphenol Corporation (U.S.), Bosch Sensortec (Germany), ams AG (Austria), City Technology Ltd (U.K), Membrapor AG (Switzerland), SenseAir AB (Sweden), Figaro Engineering Inc. (Japan), Sensirion AG (Switzerland), and MSA (U.S.) among others.
Segmental Analysis
The segmentation of the gas sensors market is segmented on the basis of gas type, technology, region, and application. On the basis of technology, the gas sensor market is segmented into photoionization detectors, electrochemical, solid state/metal oxide semiconductor, infrared, catalytic, laser, zirconia, holographic and others. On the basis of gas type, the gas sensor market is segmented into carbon monoxide, oxygen, ammonia, carbon dioxide, chlorine, nitrogen oxides, hydrogen sulfide, methane, volatile organic compounds, hydrogen, and hydrocarbons. The segmentation of the gas sensor market on the basis of application comprises of medical, water & wastewater treatment, oil & gas, power stations, food & beverages, automotive & transportation, metals & chemicals, environmental monitoring, consumer electronics, mining, and others. The regions considered in the gas sensor market are Europe, North America, Asia Pacific, and Rest of the World.
Detailed Regional Analysis
The regional analysis of the Gas Sensors Market examines regions such as Europe, North America, Asia Pacific, and Rest of the World. The Asia Pacific region is projected to be credited for the chief portion of the gas sensor market and is also likely to develop at the maximum rate throughout the forecast period. The progress of the market in the Asia Pacific region is credited to the technological developments and amplified implementation of gas sensors applications across many industry verticals.
Drivers and Constraints Impacting the Market
With the increasing demand for oxygen gas sensors across industry verticals coupled with increasing traction of IoT applications are some of the major factors propelling the global gas sensors market during the forecast period. The market is driven by the increasing demand for wireless gas sensors owing to the growing convenience of the users, increasing demand for smart gas sensors in order to automate the process of setting off alarms along with growing application of gas sensors due to strict mandates implemented by several industries.
On the flip side, cost of gas sensors used in industrial applications are expensive and the package size is too large. This is expected to inhibit the market growth in the coming years. Moreover, operational issues affecting the selection of clients along with growing expense are anticipated to impact the market growth negatively.
Competitive Analysis
The amplified conformity of market players to new clients and market trend predispositions are advancing the growth curve of the market and will continue in the forecast period. The development of the market is moving in a favorable direction due to original product introductions or intensifying gross revenue of the players in the market. The calculated goals envisioned for the market are buoyed due to useful product differentiation supported by market contestants. The current implementation of strategies is expected to motivate the market in the approaching years. The development of a strong value chain is moreover motivating the development of the market. The product tactics and vertical inclusions of the market are enhancing the capacity of the market companies. The substantial decline in administrative budgets is bringing further progress in the market.
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Industry updates
Jan 2019 Apple has recently filed a patent for the incorporation of poisonous gas sensors in Apple Watches and iPhones. The patent is chiefly meant to detect carbon monoxide, an odorless, colorless, tasteless, gas that can be deadly. The patent also indicates that the sensors could also detect ozone, nitrogen monoxide, nitrogen dioxide, sulfur dioxide, methane, and volatile organic compounds. The gases could be detected by a miniature gas sensing device in an attachment, with the patent using the Apple Watch as a sample.
TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
Continued……
LIST OF TABLES
Table 1 Global Gas Sensors Market: By Region, 2017-2023
Table 2 North America Gas Sensors Market: By Country, 2017-2023
Table 3 Europe Gas Sensors Market: By Country, 2017-2023
Table 4 Asia-Pacific Gas Sensors Market: By Country, 2017-2023
Table 5 Middle East & Africa Gas Sensors Market: By Country, 2017-2023
Continued……
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LIST OF FIGURES
FIGURE 1 Global Gas Sensors Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Five Forces Analysis Of Global Gas Sensors Market
FIGURE 4 Value Chain Of Global Gas Sensors Market
FIGURE 5 Share Of Global Gas Sensors Market In 2017, By Country (In %)
Continued…….
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