- Opportunity and Forecast, 2016 - 2025
Gas sensors play a significant role in providing information about concentration of molecules in gaseous state. These are used from home appliances to industrial systems, and are crucial for keeping systems updated by any alterations in the environment. These are available with variations into, type to be sensed, level of sensitivity, and physical dimensions. Some of the applications of gas sensors are air quality monitoring, mine & tunnel warning systems, smoke alarms, and greenhouses. Research activities are focused on development of sensors with high sensitivity and less response time.
The global gas sensors market is driven by increase in safety regulations, upsurge in demand in oil & gas industry, increase in health awareness, and implementation of wireless technology. However, technical issues regarding size, consumption, energy, and sensitivity are the constraints to the growth. Growth in demand for both wireless sensors, and gas sensors for smartphone applications, and increase in demand in China and India has anticipated to create new opportunities in the industry.
The global gas sensors market is segmented into technology, product type, end use, and geography. On the basis of technology, the market is classified into semiconductor, electrochemical, proportionalintegralderivative (PID), catalytic, solid state, and infrared. On the basis of product, it is classified into carbon dioxide, oxygen, mono-nitrogen oxides (NOx), and carbon monoxide. Based on the end-use, it is divided into medical, petrochemical, environmental, automotive, and industrial. Further, based on the geography, it is segmented as North America, Asia-Pacific, Europe, and LAMEA.
Key manufacturers operating in the industry are City Technology, ABB Ltd., Aeroqual Ltd., GfG Europe Ltd., Membrapor AG, Nemoto & Co. Ltd., Alphasense, Figaro Engineering, and Dynament. These manufacturers have adopted partnerships, joint ventures, expansion, collaborations, mergers & acquisitions, new product launches, and other strategies to gain strong position and competitive edge in the industry.
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