The “Global Gas Sensors Market – Growth, Trends and Forecasts (2016 – 2021)” report has been added to Research and Markets’ offering.
The Global Gas Sensors Market is expected to reach a value of USD 2.56 billion by 2020, at a CAGR of 5.56% over the period 2014 to 2020.
The proliferation of handheld devices has led to developments in the field of smart gas sensors, which has considerably widened their scope of application. Need for ensuring safety in workplaces is expected to be the key driving force for the market over the next six years. Regulations in developed markets of North America and Europe mandate the use of these sensors in potentially hazardous environments. The growing trend of incorporating gas sensors in automobiles for comfort and safety of passengers is a major reason for the growth of the gas sensors market in automotive applications.
Increasing use of gas sensors in breath analysis to check the health of patients is also driving the demand for gas sensors. The major trend driving the global gas sensor market is the development of wireless capabilities and miniaturization, coupled with improved communication capabilities that enable their integration into various devices and machines, without compromising the detection of toxic or flammable gases at safe distances. Asia-Pacific is one of the fastest growing regions for the gas sensor market, and is projected to be the market leader in the forecasted period. Countries like China, U.S. and Germany are the major markets for gas sensors.
However, operational issues are affecting consumer adoption in emerging markets. The evolving nature of the market is leading to rapid changes and over-crowding of sensors for major gases like carbon dioxide and carbon monoxide. The lack of regulation in Asian markets like China is also expected to impede growth. Rising costs are also an issue in an ever-changing market characterized by innovations and low product differentiation.
Companies Mentioned:
– ABB Ltd.
– Aeroqual Ltd.
– Alphasense
– City Technologies
– Dragerwerk
– Dynament Ltd.
– Figaro Engineering Inc.
– GFG Europe
– Membrapor AG
– Nemoto & Co Ltd.
– NGK Insulators
– Robert Bosch
– Siemens AG
– Trolex Ltd.
– Yokogawa Electric Corporation
Key Topics Covered:
1. Introduction
2. Key Findings
3. Market Overview and Dynamics
4. Introduction
5. Porter’s Five Point Analysis
6. Market Segmentation
7. Market Segmentation, By Region
8. Ccompany Profiles
9. Investment Analysis
10. Future of Gas Sensors Market
For more information about this report visit https://www.researchandmarkets.com/research/2xrw2r/global_gas