Gas Sensor Market is expected to grow at a compound annual growth rate of 5.80% over the forecast period to reach US$1.712 billion by 2021, from estimated value of US$1.220 billion in 2015. Technology innovation, primarily due to enhanced manufacturing processes and embedded electronics coupled with occupational safety and health regulation is expected to drive the Gas Sensor market. The gas sensor is basically used for safety purposes to detect toxic or combustible gasses such as Carbon Monoxide (CO) both in residential and industrial locations. Gas sensors detect the concentration of harmful gasses and aid in preventing poisoning in industrial environments.
The first section of the report deals with detailed research methodology for calculating market size and forecasts, secondary data sources used and the primary inputs which were taken for data validation. This section also outlines various segmentations which have been covered as part of the report.
Next section provides comprehensive market dynamics through an overview section along with growth drivers, challenges, and opportunities which exist in the current market. This section of the report also provides supplier and industry outlook as a whole; key industry, global and regional regulations which are determining the market growth and a brief technological aspect of Gas sensor. Complete industry analysis has also been covered by Porter’s five forces model as a part of this report section.
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Thirdly, Gas Sensor market has been segmented on the basis of the type of sensor and technology used. Under different types; Oxygen, Carbon Monoxide, Carbon Dioxide, Chlorine, Nitrogen Oxide and others have been covered. Whereas, by the technology used, this market has been segmented into Electrochemical, PID, Solid State/Metal Oxide Semiconductor, Catalytic, and Infrared among others. Healthcare, Infrastructure, Energy, Automotive, Manufacturing are the major end-user industries for gas sensors: detailed market segmentation and forecast has been provided in this section.
Important regions for vendors in terms of market size are covered through detailed geographical segmentation. Geographical regions covered as a part of this section are Americas, Europe Middle East and Africa, and Asia Pacific.
Finally, competitive intelligence section deals with major players in the market, their market shares, growth strategies, products, financials, and recent investments among others. Key industry players profiled as part of this section are FIS Inc., Micronas, Alphasense, Figaro Engineering Inc., and Dynament along with several other players.
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