Oxygen Gas Sensors Market to grow at 6% CAGR from 2017 to 2024 - PowerPoint PPT Presentation

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Oxygen Gas Sensors Market to grow at 6% CAGR from 2017 to 2024

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Expanding automobile sector and rising trend of automation across a myriad range of domains are chronicled to be some of the major factors driving APAC gas sensors market size. Reportedly, China and India are anticipated to be the major revenue pockets for APAC industry share. – PowerPoint PPT presentation

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Title: Oxygen Gas Sensors Market to grow at 6% CAGR from 2017 to 2024


1
Gas Sensors Market to cross 2.8bn by 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 was over USD 2 billion,
    with more than 900 million units shipped in 2016.
    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. Gas
    sensors market is one among the few vibrant
    business spheres where innovations and technology
    quite aptly outline the key to profitability and
    opportunities.
  • The industry participants are thoroughly
    investing in research activities to bring product
    improvisations in terms of advancements and
    sustainability quotients, that in extension is
    enhancing the product and commercialization
    matrix of this fraternity. Backing the fact with
    a recent case in point Sensirion AG, a leading
    manufacturer of high-end sensors, has bestowed
    the marketplace with novel gas sensors that are
    not only technologically progressive, but are
    also environmentally viable.
  • As claimed by the experts, Sensirions upgraded
    solutions offer precise air quality information
    based on some of the major environmental grounds
    such as VOC content, humidity, carbon dioxide
    presence, temperature, and particulate matter
    content. Undoubtedly, such exemplary initiatives
    undertaken by the renowned giants with regards to
    environmental sensing have opened up a slew of
    lucrative opportunities for gas sensors market
    players, in terms of commercialization and
    sustainability.

3
Continued...
  • In terms of revenue, Global Market Insights, Inc.
    reports the global gas sensors industry to have
    surpassed a valuation of USD 2 billion in 2016.
    Estimates further claim the overall shipments to
    be 900 million units in the same year. Safety
    measures, of late, have become an integral axiom
    in manufacturing space, subject to the stringent
    regulatory framework regarding workplace safety
    and health hazards due to poor air quality. Gas
    sensors industry trends is heavily influenced by
    the growing governmental initiatives across the
    world. Companies involved in gas sensors industry
    are introducing innovative application-specific
    components that comply with the safety
    standardization such as CSA and ATEX.
  • In this regard, it is important to note that
    majority of these air quality standardizations
    and norms are implemented in industrial and
    automotive sectors. For instance, EPAs Clean
    Energy Act has already set limits on some of the
    air pollutants, that is claimed to be hazardous
    for the environment. The act also gives the EPA
    the power to limit harmful emissions of air
    pollutants from sources like utilities, chemical
    plants, and steel mills. These mandatory
    roll-outs have left a huge impact on gas sensors
    market penetration, subject to the fact that
    these aforementioned sectors are mandated to
    install gas sensors in the plants to curb air
    pollution by efficiently regulating harmful
    emissions.

4

Browse Full Market Research Report Gas Sensors
Market _at_ http//bit.ly/2ihWuB7 Request for a
Sample of this Research report _at_
https//www.gminsights.com/request-sample/detail/1
23
5
U.S. gas sensors market size, by application,
2016 2024 (USD Million)
6
Continued...
  • Expanding automobile sector and rising trend of
    automation across a myriad range of domains are
    chronicled to be some of the major factors
    driving APAC gas sensors market size. Reportedly,
    China and India are anticipated to be the major
    revenue pockets for APAC industry share. The
    growth in these regions can be primarily credited
    to the phenomenally increasing technological
    developments with regards to curtailment of
    hazardous air pollutant emissions. Allegedly,
    China has been remarkably incorporating
    miniaturized and wireless sensors to enable
    convenient detection of toxic gases. Moreover,
    the growing urbanization and demand for
    technologically upgraded products such as E-
    compressor and E-turbo is further fueling China
    gas sensors market share.
  • However, in parallel to these developments the
    industry is also facing some major challenges
    with the exponentially increasing number of CO
    and CO2 sensors. The overcrowding of these
    devices has not only impacted the strategic
    landscape but has also raised a question on the
    product differentiation and innovations with
    regards to these sensors. Keeping this into
    consideration, the market players are vigorously
    investing in RD activities to offer a
    diversified range of products, addressing the
    innovation and feasibility parameters.

7
Companies
  • Amphenol Corporation
  • Dynament, Bosch Sensortec
  • City Technology
  • Figaro Engineering Inc.
  • Honeywell International Inc.
  • Teledyne Technologies Incorporated
  • Trolex Ltd
  • Siemens AG.

8
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