Europe Gas Sensors Market size to grow at a CAGR of over 4.5% during the next coming years

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Gas Sensors Market size forecast to grow at 5.4
CAGR from 2015 to 2022 Fractovia.org
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights of Gas Sensors Market

• The global gas sensors market volume was
  evaluated at 1900 million for 2014. It is
  predicted to touch 2900 million mark by end of
  the forecasted period at a CAGR of 5.4. The
  global gas sensors market growth is driven by
  innovations in sensor technology and embedded
  electronics. The demand for gas sensing
  equipments in manufacturing process sectors is
  growing today and is also predicted to grow
  during the forecasted period.
• These equipments ensure health occupational
  safety of the workers and so they are widely used
  in the production process sectors. This factor
  is predicted to fuel the demand growth of
  global gas sensors industry during estimated
  period. Also acceptance trend of using smart
  sensing techniques and wireless gas sensors in
  industries is growing as they provide cost
  advantages, installation benefits and better
  performance in comparison to their counterparts.
  This is also one of the factors predicted to fuel
  the demand and growth of the global gas sensors
  market during forecasted period.

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Continued

• Based on the product, the global gas sensors
  market is bifurcated into carbon monoxide sensor,
  carbon dioxide sensor, nitrogen oxide sensor,
  oxygen sensor and others. Oxygen sensors section
  contributed maximum revenue share to the total
  share of the global gas sensors market in 2013.
  It is predicted to gain maximum market share of
  the global market during the forecasted period as
  oxygen sensors are necessary to be installed in
  automobiles for maintaining air quality of cabins
  and ensure workers safety by avoiding industrial
  environmental mishaps.
• Carbon dioxide sensing items are experiencing
  growth in demand from bulk food storage segment
  due to their ability to detect early spoilage and
  admissible levels of carbon dioxide in storage
  structures. All these aspects have contributed to
  the demand and growth of the carbon dioxide
  sensor section. This has contributed to the
  demand and growth of the global gas sensors
  market.
• Carbon monoxide sensors are used to detect the
  levels of carbon monoxide gas in industries .This
  helps in avoiding industrial mishaps due to
  poisoning of environment by carbon monoxide gas.
  It thus ensures environmental, occupational and
  workers safety in industries.

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Continued.

• Based on the technology, the global gas sensors
  market is divided into electrochemical gas
  sensing, infrared gas sensing, photo ionization
  detector gas sensing, catalytic gas sensing,
  semiconductor gas sensing, solid state gas
  sensing and others. Electrochemical gas sensors
  and semiconductor gas sensors are in demand due
  to its low costs and high efficacy. Both of them
  combined contributed maximum share to the total
  share of the global market for 2012. These gas
  sensors based on electrochemical semiconductor
  gas sensing technologies are most preferred by
  customers as they are cost effective and
  accurately detect combustible toxic gases. All
  these factors contribute towards the growth of
  the global industry.
• The big product life cycle of infrared gas sensor
  due to its chemical inert property is predicted
  to fuel the demand and growth of the infrared gas
  sensing technology during forecasted period. This
  is predicted to contribute largely towards the
  growth of the global gas sensors market. Based on
  the end user, the global gas sensors market is
  bifurcated into automotive, medical,
  petrochemical, environmental, industrial,
  building automation domestic equipments and
  others.

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Latin America gas sensors market by application,
2012-2022 (USD Million)

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Continued.

• Further rising demand from integrated items used
  in hand held equipments has also boosted the
  expansion of the global gas sensors market in the
  APAC zone. Further, favourable government
  policies like health welfare at work act and
  industrial safety act are the factors that are
  predicted to propel the demand growth of the
  global gas sensors market during forecasted
  period.
• Europe has dominated the global gas sensors
  market. Strict emission regulating norms and
  power conservation initiatives executed by the
  regional authorities in Europe are predicted to
  boost the regional demand for automotive segment
  in Europe. These are the few of the key growth
  drivers predicted to promote the growth of market
  in Europe. Rising demand from end use sectors and
  growing use of the gas sensor equipments are also
  projected to be the key growth drivers for the
  industry in Europe. But APAC zone is predicted to
  become a market leader surpassing Europe in next
  few years. Countries like UK, China, Canada,
  Japan, Italy, India, France, Brazil, Germany, US
  and Spain are the key global gas sensor markets.

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Continued.

• Industrial section contributed maximum share to
  the global market in 2014. The section is also
  predicted to retain its market domination during
  forecasted period. Rising concerns about
  occupational health hazards, government norms for
  emission control and workers safety are predicted
  to be few of the key factors driving the growth
  of this section.
• The reason behind this is the requirement of
  safety and comfort in automotives leading to
  inclusion of various kinds of gas sensors in
  automobiles for checking fuel emission and air
  quality of cabins. Based on the geographical
  locations, the global gas sensors market is
  segmented into North American subcontinent, APAC
  zone, European continent and rest of the world.
• APAC zone contributed maximum share to the global
  gas sensors market for 2014. It also dominated
  the global industry in 2013 in terms of revenue.
  The factors contributing to the market domination
  by APAC zone include technological breakthroughs
  and automation in the regions of APAC zone. APAC
  zone is the biggest market for automobile sector
  and growing use of gas sensors in automobiles for
  various applications has substantially added to
  the share of APAC zone in the global gas sensors
  market.

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