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Widening Scope of Applications of Gas Sensors to Drive Global Market Past Us$2 Bn by 2018

  • Date Submitted: 10/28/2015 02:17 AM
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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...


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