Gas Sensors Market size likely to exceed revenue of USD 2.89 billion by 2022

Text-only Preview

1 | P a g e
Gas Sensors Market size likely to exceed revenue of USD 2.89 billion by
2022: Global Market Insights
Gas sensors market size was valued at USD 1.9 billion in 2014 and is forecast to reach USD
2.89 billion by 2022, as per a new research report by Global Market Insights, Inc. Proliferating
demand for smart sensors along with increasing need in end-use industries such as
automotive is anticipated to fuel demand over the forecast period.
CO2 gas sensors market size accounted for over 25% of the overall share in 2014, and is
expected to grow faster than the global average over the forecast period. This can be mainly
attributed to rising need from the bulk food storage sector. NOx sensor industry is expected to
be valued at over USD 250 million by 2022.
Wireless sensors aid in detecting gas concentration and also broadcast a proportional signal.
As these devices could be employed in hard-to-reach as well as remote areas, the demand
for these systems is likely to remain consistent over the forthcoming years. Several other
benefits include cost effectiveness coupled with easy installation. In addition, they have the
facility to generate a network of sensors and could be incorporated into convenient electronic
devices, namely tablets and smartphones. It enhances the overall performance in harsh
peripheral environment.
Latin America gas sensors market by application, 2012-2022 (USD Million)
2 | P a g e
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 2022in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/gas-sensors-market-size
Global demand in industrial sector contributed to over 19% of the overall
revenue generation in 2014. Government regulations pertaining to ensure
healthy and safety environment of employees is likely to fuel the demand
growth over the forecast period. Need to monitor cabin air quality as well as the
presence of vehicle emission control regulations are expected to be favorable
for automotive gas sensors market size.
Electrochemical gas sensors market was valued at USD 350 million in 2014;
these products are mainly deployed to detect numerous gases and are also
cost effective. Infrared technology supports measurement of volatile organic
compounds (VOC) such as acetylene, benzene, butane, etc. along with other
gases; however, it is not as cost-effective as its counterparts.
Europe gas sensors market share accounted for over 27% of the overall
revenue in 2014 and is expected to dominate the demand. Asia Pacific is likely
to be the fastest growing region, primarily attributed due to technology
innovation.
Chief manufacturers include Alphasense, Membrapor, Dynament, Figaro
Engineering, and City Technology among others. In addition to new product
development, companies operating in the industry have adopted long-term
agreements, as well as mergers and acquisitions as key growth strategies.
Key insights of Gas Sensors Market:
3 | P a g e
Global Market Insights has segmented the gas sensors industry on the basis of
technology, product, end-use and region:
Gas Sensors Technology Analysis (Revenue, USD Million, 2012 - 2022)
o Electrochemical
o Semiconductor
o Solid State
o PID
o Catalytic
o Infrared
Gas Sensors Product Analysis (Revenue, USD Million, 2012 - 2022)
o Oxygen
o Carbon Dioxide
o Carbon Monoxide
o NOx
Gas Sensors End-Use Analysis (Revenue, USD Million, 2012 - 2022)
o Medical
o Building Automation & Domestic Appliances
o Environmental
o Petrochemical
o Automotive
o Industrial
Gas Sensors Regional Analysis (Revenue, USD Million, 2012 - 2022)
o North America
o Europe
o Asia Pacific
o Latin America
o MEA
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.
About Global Market Insights
Segmentation of Gas Sensors Market: