Growing Popularity of Chemical Sensors Market to Grow at a CAGR of 5.73% to 2021


Albany, NY -- (SBWIRE) -- 09/06/2017 -- About Chemical Sensors

The chemical sensor is an analyzer that responds to a particular analyte and transforms the input chemical quantity, which can be either a concentration of a specific sample component or a total composition analysis, into an analytically electrical signal. Based on the working principle, the chemical sensor can be classified into many types such as electrochemical, optical, magnetic, and thermal. Chemical sensors can also be classified on the basis of the object detected such as a gas sensor for gas detection and analysis or biosensor for biological characteristics.

Technavios analysts forecast the global chemical sensors market to grow at a CAGR of 5.73% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global chemical sensors market for 2017-2021. To calculate the market size, the report considers revenue generated by the biosensors and gas sensors.

The market is divided into the following segments based on geography:

Technavio's report, Global Chemical Sensors Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
AirTest Technologies
Banner Engineering
Digital Control Systems
General Electric
Honeywell Analytics
MSA Safety

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Market driver
Need for compliance to avoid gas disasters
For a full, detailed list, view our report

Market challenge
Decline in popularity of electrochemical gas detectors
For a full, detailed list, view our report

Market trend
Growing popularity of biosensors and sensor fusion technologies
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?