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Gas Sensors Market to Procure Substantial Returns from Oxygen Product Segment Owing to the Growing Demand for These Components in Medical Devices

Author : Ronak Bora | Published Date : 2019-03-26 

Gas sensors market is one among the few vibrant business spheres where innovations and technology quite aptly outline the key to profitability and opportunities. The industry participants are thoroughly investing in research activities to bring product improvisations in terms of advancements and sustainability quotients, that in extension is enhancing the product and commercialization matrix of this fraternity.

The growing trend of integration of gas sensors with wearable and handheld devices is expected to propel the gas sensors market growth. These components enhance the functionality of these devices, allowing users to assess air quality and monitor the environment. The use of these components in fitness wearable devices such as Fitbit allows users to diagnose and monitor the health and exercise environment. The companies are investing in the development of these components to make them conducive to be used in wearable devices.

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Consumer electronics applications are expected to accelerate the growth of the gas sensors market due to the increasing use of these components in handheld devices. With increasing competition amongst smartphones, tablets, and mobile device manufacturers, these companies are seeking to enhance the sensing capabilities. This is increasing the demand for air quality sensors to monitor the level of environmental pollution. Companies such as SGX Sensortech are working in collaboration with device manufacturers to reduce cost, power requirements, and the size of gas sensors to be efficiently implemented in handheld devices.

The infrared gas sensors market growth is expected to gain momentum over the forecast timespan due to advantages such as simple design and easy maintenance & operability. The components based on infrared technology are less expensive and offer high durability. These components have been proven highly effective for the measurement of carbon dioxide and hydrocarbons.

Oxygen gas sensors market will grow at a high rate due to the growing demand for these components in medical devices. These are used in the medical sector in devices such as ventilators, analyzers, oxygen monitors, and anesthesia machines. These components are also widely used in automotive applications for driver safety. These are used to determine the air-to-fuel ratio in automobile engines in real time.

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The expanding automobile sector and rising trend of automation across a myriad range of domains are chronicled to be some of the major factors driving APAC gas sensors market. Reportedly, China and India are anticipated to be the major revenue pockets for APAC gas sensors industry. The growth in these regions can be primarily credited to the phenomenally increasing technological developments with regards to curtailment of hazardous air pollutant emissions.

Allegedly, China has been remarkably incorporating miniaturized and wireless sensors to enable convenient detection of toxic gases. Moreover, the growing urbanization and demand for technologically upgraded products such as E- compressor and E-turbo is further fueling China gas sensors market share. Beijing and Shanghai are touted to be pivotal contributors to the rapidly deteriorating outdoor air quality, that exceeded the set particulate matter concentration by the WHO by a substantial proportion in 2017, which has further impelled China gas sensors market.

The major players in the gas sensors market comprise City Technology Ltd., Dynament Ltd., Alphasense, Amphenol Advanced Sensors, Bosch Sensortec GmbH, and Figaro Engineering, Inc. Manufacturers in the market are shifting their focus to smart sensors and wireless technologies, which are anticipated to be cost-efficient.

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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.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org 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. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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