Gas Sensors Industry to hit $2.8bn by 2024 - PowerPoint PPT Presentation

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Gas Sensors Industry to hit $2.8bn by 2024

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Request Sample of Report @ The U.S. gas sensors market is expected to continue the significant demand owing to the rising stringent regulations pertaining to exhaust from vehicles. A rebound in the production of light motor vehicles and increasing use of exhaust oxygen gas sensors to improve fuel efficiency & performance is expected to drive demand in the region. – PowerPoint PPT presentation

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Title: Gas Sensors Industry to hit $2.8bn by 2024


1
Gas Sensors Market Present Scenario and Growth
Prospects from 2017 to 2024 Global Market
Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
2
Key Insights from Gas Sensors Market
  • Gas Sensors Market size is set to exceed USD 2.8
    billion by 2024 according to a new research
    report by Global Market Insights, Inc. The global
    shipments are forecast to grow at over 7 CAGR
    from 2017 to 2024. The gas sensors market is
    expected to gain momentum over the forecast
    timespan, owing to the increasing penetration
    across applications such as handheld and smart
    devices. Increasing adoption custom-designed
    sensors from oil gas industry to ensure safe
    working environments is expected to fuel the
    demand. Manufacturers are innovating continuously
    to introduce application-specific components for
    critical applications such as explosion-proof
    transducers and meet standards such as ATEX and
    CSA.
  • NOx sensors market is expected to gain
    significant share over the forecast timeframe,
    owing to the increasing adoption in automobile
    applications. These components are used in
    vehicles to make petrol engines more
    environmental friendly by monitoring the exhaust.
    They are also being used by the governments
    across the globe to keep a check on nitrogen
    oxide content in the emissions and exhaust gases
    to reduce pollution.

3
Continued...
  • Growth in operational issues is anticipated to
    hamper the gas sensors market growth. The
    continuous evolution of the industry is resulting
    in over-crowding of components such as CO and CO2
    sensors. Low product differentiation and lack of
    innovations are among the key industry
    challenges. However, key players in the gas
    sensors market are increasingly investing in RD
    to develop diverse product portfolio that matches
    unique requirements of each application.
  • The MINIGAS project, funded by the European
    community, developed gas sensing components that
    enabled use of these components in small
    instruments for high sensitivity and speed. Under
    this project, innovative photo-acoustic
    components were developed that enabled the
    development portable and highly sensitive
    measuring equipment for the measurement of very
    small concentrations.
  • The U.S. gas sensors market is expected to
    continue the significant demand owing to the
    rising stringent regulations pertaining to
    exhaust from vehicles. A rebound in the
    production of light motor vehicles and increasing
    use of exhaust oxygen gas sensors to improve fuel
    efficiency performance is expected to drive
    demand in the region.

4
U.S. gas sensors market size, by application,
2016 2024 (USD Million)

5
Continued...
  • The Environment Protection Agency, under the
    Clean Air Act, has set limits on certain air
    pollutants, with setting limits on how much
    pollutant can be released into the air. The act
    also gives the EPA the power to limit harmful
    emissions of air pollutants from sources like
    utilities, chemical plants, and steel mills.
  • This mandatory law will create huge impact on
    these industries as they will be enforced to
    install sensors in the plant to minimize air
    pollution by controlling harmful emissions.
  • The Latin America gas sensors market will be
    driven by the increasing adoption of these
    components in building automation and domestic
    appliances. The consumer electronics industry in
    countries including Brazil and Mexico have also
    contributed to the demand owing to increase in
    spending capacity of customers.

6

Browse Full Market Research Report Gas sensors
Market _at_ http//bit.ly/2cNN6lI Request for a
Sample of this Research report _at_
https//www.gminsights.com/request-sample/detail/1
23
7
Major companies in Gas Sensors Market
  • Dynament
  • City Technology, Ltd
  • Amphenol Corporation
  • Alphasense
  • Bosch Sensortec
  • SenseAir AB
  • Membrapor AG
  • Figaro Engineering Inc.

8
Industry Coverage
9
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