Gas Sensors Market - Global Industry Size, Share, Trends, Analysis and Forecast 2012 - 2018
Albany, NY -- (SBWIRE) -- 10/30/2015 -- As adherence to occupation health and safety standards becomes mandatory in many countries worldwide, this trend will positively impact the global demand for gas sensors, says Transparency Market Research in its latest report. The report, titled 'Gas Sensors Market - Global Industry Size, Share, Trends, Analysis and Forecast 2012 - 2018,' states that globle gas sensors market constituted a US$1.6 bn market in 2012, and will rise steadily to US$2.3 bn by 2018. This translates to a 5.7% CAGR from 2012 to 2018.
Browse the full Gas Sensors Market - Global Industry Size, Share, Trends, Analysis and Forecast 2012 - 2018 report at http://www.transparencymarketresearch.com/gas-sensors-market.html
The report identifies the key trends that will define the future growth trajectory of the global gas sensors market. The use of wireless gas sensors in various applications is heavily influencing the way products are designed in this market. Wireless gas sensors are suited in hazardous or extreme applications as they can remotely transmit data to a computer or smartphone. Moreover, smart gas sensors that can be integrated with different devices or can analyze data are catching on in the market. Although gas sensors have traditionally been widely used in the oil and gas and manufacturing industries, their use is now also being observed in the automotive industry. This trend is underscored by the fact that automotive companies are having to comply with increasingly stringent safety mandates.
Gas sensors identify and measure the presence of gases such as oxygen, nitrogen oxide, carbon monoxide, and carbon dioxide. However, TMR's analysts state that the demand for CO2 sensors could witness a downslide because of a dip in CO2 emissions in the recent past. Speaking of areas within the gas sensors market where companies should focus, a TMR analyst said, "The demand trends clearly point toward more compact and low-energy-consuming sensors that offer versatility. Hybrid vehicles that make use of hydrogen as a source of clean energy also demand a particular variety of gas sensors – an opportunity that can be harnessed by existing players."
The report segments the global gas sensors market on the basis of gas sensing technology into: Electrochemical, photoionization detectors (PID), semiconductor, metal oxide semiconductor/solid-state semiconductor, infrared (IR), catalytic, and others. Consumers across the world prefer using gas sensors that are based on semiconductor and electrochemical technologies as they provide a very desirable combination of accuracy and cost effectiveness in detecting combustible or toxic
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By type of product, the gas sensors market has been segregated as: Oxygen sensors (O2 sensors), carbon monoxide sensors (CO), carbon dioxide sensors (CO2), nitrogen oxide (NO2), and sensors for other gases. The end-use industries for gas sensors studied in this report include: Pharmaceutical, medical, industrial, automotive, building automation and domestic appliances, and others. The process and manufacturing industries currently contribute the highest revenue to the global gas sensors market. The automotive industry is exhibiting a progressively greater demand for gas sensors, especially as several hybrid vehicles now make use of hydrogen as a clean fuel.
The report studies the gas sensors market in the following regions: North America, Europe, Asia Pacific, and Rest of the World. In 2015, Asia Pacific will supersede Europe as the leading regional market for gas sensors in the world. City Technology (a Honeywell-owned company) was the undisputed leader in the global gas sensors market in 2012 with a share of 28%; following at a distant second spot was Alphasense which staked claim to around 15% of the market in the same year. Other companies such as Membrapor AG, Figaro Engineering Inc., Dynament Ltd, Aeroqual Ltd., Nemoto & Co., Ltd, ABB Ltd., and Siemens AG are profiled in the study.
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Gas Sensors Market Size and Forecast, By Technology
Electrochemical gas sensing technology
Semiconductor gas sensing technology
Solid-state /metal oxide semiconductor (MOS) gas sensing technology
PID (Photoionization detectors) gas sensing technology
Catalytic gas sensing technology
Infrared (IR) gas sensing technology
Other (paramagnetic, thermal conductivity, and so on) gas sensing technology
Gas Sensors Market Size and Forecast, By Product
Oxygen (O2)/Lambda sensors
Carbon dioxide (CO2) sensors
Carbon monoxide (CO) sensors
Nitrogen oxide (NOx) sensors
Other (CH4, NH3, hydrocarbons, and so on) gas sensors
Gas Sensors Market Size and Forecast, By End Use Industry
Medical gas sensors
Petrochemical gas sensors
Automotive gas sensors
Industrial (industrial leak detection and process control) gas sensors
Building automation and domestic appliances gas sensors
Other (R&D laboratories, educational institutes, and so on) gas sensors
Rest of the World
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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