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

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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
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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.

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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.

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

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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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