Felton, 2 December
2019 - Gas Sensor Market is estimated to reach
USD 3,436.2 million by 2025 and is expected to grow at a significant CAGR in
the upcoming period as the scope and its applications are rising enormously
across the globe. A gas sensor is an equipment that quantifies or detects the
concentration or presence of gases in a specific volume. It is exclusively used
for gases like arsine, ammonia, mercury vapor, halocarbons or refrigerants,
hydrogen cyanide, nitrogen dioxides, phosphine, carbon dioxide, and others.
Request a PDF Sample
@ https://www.millioninsights.com/industry-reports/gas-sensor-market/request-sample
The factors that are playing a major role in the growth of
gas sensors market are the rising awareness regarding air quality control,
government initiatives for safety, greenhouse gas emissions and use of
miniaturized wireless sensors. However, technical challenges/issues related to
temperature, size, and energy consumption may restrain the overall market
growth in the years to come. Gas sensor industry is segmented based on product
type, technology, end-user, and region.
Methyl mercaptan sensor, oxygen/lambda sensors, nitrogen
oxide (NOx) sensors, carbon dioxide sensors, carbon monoxide sensors, and other
product types are explored in gas sensor market. The nitrogen oxide (NOx)
sector accounted for the substantial market share of gas sensor and is
estimated to lead overall market in the years to come. The reason supplements
with positive initiatives for limiting emission levels.
Based on technology, infrared (IR), electrochemical,
catalytic, semiconductor, PID, semiconductor, solid state/MOS, and others
classify gas sensor industry. Electrochemical sector accounted for the
substantial market share of the gas sensor and is estimated to continue
dominance in the years to come. The reason could be its ability to detect toxic
gas concentration. Also, infrared (IR) sector is estimated to grow at the
highest CAGR in the years to come. The reason could be its ability to measure a
wide variety of gases like carbon dioxide, methane, and others.
The gas sensors market is categorized based on end-users
like agriculture, medical, industrial, building automation & domestic
appliances, automotive, environmental, petrochemical, and others. The
industrial sector accounted for the substantial market share of the gas sensor
and is estimated to lead the overall market in the years to come. The reason
could be the strict policy by government to confirm the safety of workers and
occupational health. Also, medical sector is estimated to grow at the fastest
pace in the years to come.
Globally, Asia Pacific accounted for the substantial market
share of the gas sensor and is estimated to lead the overall market in the
years to come. The reason behind overall market growth could be the developing
medical care, infrastructure, and housing sector, rapid urbanization, rising
disposable income, and growth in manufacturing sectors like metals &
chemicals and automotive industries. The developing countries like India and
China are the major consumers of the gas sensor in this region. The aspects
that may be ascribed to the growth comprise the high demand from end-users like
chemical industries.
Market Segment:
Product Outlook
(Revenue, USD Million; 2014 - 2025)
• Oxygen/Lambda
Sensors
• Carbon Dioxide
Sensors
• Carbon Monoxide
Sensors
• NOx Sensors
• Methyl Mercaptan
Sensor
• Others
Technology Outlook
(Revenue, USD Million; 2014 - 2025)
• Electrochemical
• Semiconductor
• Solid State/MOS
• PID
• Catalytic
• Infrared (IR)
• Others
For More Technical
Insights, Download Brochure @ https://www.millioninsights.com/industry-reports/gas-sensor-market
No comments:
Post a Comment