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Gas Sensor Market: Good Opportunity to Hit New Growth Level 2020-2026

Author : Ronak Bora | Published Date : 2020-09-02 

The gas sensor market has witnessed a notable demand owing to the product’s vital applications in curbing the air pollution. The gas sensor is commonly used to detect the harmful toxic gases and measuring the gas concentration. It is used in the factories and manufacturing units to detect gaseous leaks which can cause a serious hazard.

Apart from this, it is installed in houses, hotels, and offices to detect smoke and check CO emissions. Further, the gas sensor plays a crucial role in medical industry, consumer electronics, military operations, food and beverage industry, etc. With such wide range of applications, the gas sensor industry is likely to gather an appreciable market share.

According to Global Market Insights, Inc., report, the gas sensor market is estimated to surpass USD 2 billion by 2026

Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/123

The Photoionization Detector (PID) sensor segment is likely to record a growth rate of 8% over 2020 to 2026. The PID sensors are integrated with portable devices which are used for detecting volatile organic compounds and gaseous concentrations.

These sensors find utilization in monitoring environmental contamination, measurement of explosive limits, ammonia detection, handling of hazards in industries, etc., which will suitably push gas sensor market from PID sensor segment. For the record, PID sensor segment acquired an overall business share of 20 percent in 2019.

Top Key Players In Gas Sensor Market are ABB, Aeroqual, Alphasense, Amphenol Corporation, ams AG, BlueSens gas sensor GmbH, Bosch Sensortec GmbH, City Technology Ltd., Denso Corporation, Dragerwerk AG & Co. KGaA, Dynament Ltd., eLichens, Figaro Engineering Inc., GfG Gas Detection UK Ltd., Henan Inte Electrical Equipment Co. Ltd., Sauermann Group, Membrapor AG, METTLER TOLEDO, Microsens SA Nemoto & Co., Ltd., NGK INSULATORS, LTD, Optosense AS, SENSEAIR , Sensors, Inc., Siemens , SICK AG, Spec Sensors, Trolex Ltd, Yokogawa Electric Corporation

The gas sensor market in Europe is expected to exhibit a commendable growth for the forecast timeframe. The regional market seized a revenue share of USD 400 million in 2019 and is anticipated to exhibit a CAGR of 4%  over 2020 to 2026. The growth can be attributed to increasing digitalization in Germany. Stringent government regulations on energy efficiency and emission controls have escalated the demand for the gas sensors in the automotive industries across Europe.

Gas sensors are also heavily deployed across the chemical sector. It detects the toxic and explosive gases produced during chemical manufacturing. This will further push Europe gas sensor market as the continent boasts of a very well-established chemical business.

Table Of Content:

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About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.


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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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