Chemical Sensors Market - Expected to Expand at a Steady CAGR Through 2025
Chemical Sensors Market - Industry Analysis and Opportunity Assessment 2015 - 2025
Valley Cottage, NY -- (SBWire) -- 12/20/2017 --The significance of chemical sensors as a crucial industrial component has elevated owing to rising environmental risks. The increasing amount of pollutants released into the air have necessitated the demand for chemical sensors. Advantageous applicability of sensors in the analysing chemical composition of varied samples is influencing adoption of chemical sensors. Higher order orthogonal sensors and chemical sensing array are key trends that are shaping up the global market. Low cost and portable nature of chemical sensors is also expected to fuel the growth of chemical sensors market during the forecast period.
Besides environmental benefits, the use of chemical sensors to quantify analytes in chemical industrial processes is also witnessing an increase. Research labs, industrial processes & defence sector, and healthcare operation are using chemical sensors as advanced tools, which in turn, is driving the demand in the global chemical sensors market.
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Asia Pacific: A Key Region in the Global Chemical Sensors Market
North America and Europe are the leading regions in terms of overall demand for chemical sensors. Adoption of chemical sensors is expected to grow rapidly in APAC over the forecast period. The APAC chemical sensors market is likely to emerge as the fastest growing market with a double-digit CAGR over the forecast period 2015-2025.
The concerning pollution levels in China, India and other APAC countries is also driving the demand for chemical sensors. Low prices, flexible applications and speedy technological implementations are fuelling the demand for chemical sensors in the APAC market. The APAC chemical sensors market forecast seems promising, owing to the rising usage of chemical sensors in industrial safety operations and environmental monitoring programs.
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The key companies shaping up the competitive landscape of the global chemical sensors market, including APAC region, are Abbot Laboratories, Nova Biochemical Corp., Denso Corp., Hoffmann-La Roche, NGK Spark Plug Company, Emerson Process Management, among others.
In 2015, the leading multinational sensor and semiconductor manufacturer, Austria Mikro Systeme (commonly known as ams AG) acquired the CMOS sensors from NXP Semiconductors as a strategic measure to expand their existing environmental sensor technologies. Mergers as such illustrate the expansion of the global chemical sensors market size.
The research report presents a comprehensive assessment of the Asia Pacific chemical sensors market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.
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