Gas Sensors Market size likely to exceed revenue of USD 2.89 billion by 2022 - PowerPoint PPT Presentation

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

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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. – PowerPoint PPT presentation

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


1
Gas Sensors Market size likely to exceed revenue
of USD 2.89 billion by 2022 Global Market
Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
2
Key Insights from Gas Sensors Market
  • 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.

3
Continued...
  • 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.

4
Latin America gas sensors market by application,
2012-2022 (USD Million)

5

Browse Full Market Research Report Gas sensors
Market _at_ https//www.gminsights.com/industry-anal
ysis/gas-sensors-market-size Request for a
Sample of this Research report _at_
https//www.gminsights.com/request-sample/detail/1
23
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360 Analysis
  • Application Analysis
  • Electrochemical gas sensors market size was
    valued at over USD 350 million in 2014. This can
    be mainly attributed to mounting adoption in
    applications such as emission control, landfill
    gas detection and indoor air quality.
  • Semiconductor gas sensing technology is primarily
    employed to measure the change in resistance of
    the semiconductor material. It accounted for over
    18 of the overall gas sensors market share in
    2014.
  • Regional Analysis
  • Latin America gas sensors market size accounted
    for around 10 of the global share in 2014. Asia
    Pacific industry demand can be attributed to
    advancements in sensor technologies. Europe is
    anticipated to grow at a CAGR of over 4.5 during
    the next coming years.
  • Competitive Market Share
  • City Technology, Membrapor, Alphasense, Figaro
    Engineering, and Dynament dominated global gas
    sensors market share, accounting for over 50 of
    the industry in 2014. Product development,
    innovation, and strong RD focus are among the
    key strategies employed for gaining competitive
    advantage.


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