Europe Gas Sensors Market - By Type (Oxygen, Carbon Monoxide, Carbon Dioxide, Nitrogen Oxide, Hydrocarbon), Technology (Electrochemical, Photoionization Detectors, Solid State Semiconductor, Catalytic, Infrared, Semiconductor), Application, Geography, Trends, Forecast - (2017 - 2022)
The Europe Gas Sensors market is valued at USD 0.577 billion in 2016 and is expected to reach a value of USD 0.82 billion by the end of 2022, growing at a projected CAGR of 5.99 % during the forecast period of 2017 – 2022. The proliferation of handheld devices has led to developments in the field of smart gas sensors considerably widening their application scope.
The need for ensuring safety in workplaces is expected to be the key driving force for the market over the next six years. Regulations in developed markets of Europe mandate the use of these sensors in potentially hazardous environments. The growing incorporation of gas sensors in automobiles for the comfort and safety of passengers is mainly responsible for the growth of the automotive gas sensors market. Increasing use of gas sensors in breath analysis to check the health of patients is also driving the demand for gas sensors.
The major trend driving Europe\'s gas sensors market is the development of wireless capabilities and miniaturization coupled with improved communication capabilities, which enables their integration into various devices and machines without compromising the detection of toxic or flammable gases at safe distances. Stringent standards for emission control and initiatives for promoting energy efficiency have driven demand in Europe\'s gas sensors market. Infrared sensors are the sole type of gas sensor technology currently experiencing substantial growth in the European market.
Europe\'s gas sensors market is segmented on the basis of type (oxygen sensors, carbon dioxide sensors, carbon monoxide sensors, nox sensors, and others), technology (electrochemical sensors, semiconductor sensors, solid state/MOS, PID, catalytic, and IR), and industry (medical, building automation, environmental, petrochemical, automotive, industrial, and others).
The Europe Gas Sensors market report gives a detailed study of the Porter\'s five forces analysis of the market. All the five major factors in these markets have been quantified using the internal key parameters governing each of them. The report also covers the market landscape of these players, which includes the key growth strategies and competition analysis. The report also considers key trends that will impact the industry and profiles over 10 leading suppliers of the gas sensors market. Some of the top companies mentioned in the report are: ABB Ltd (Switzerland) Membrapor AG (Germany) NGK Insulators Ltd. (Japan) Siemens AG (Germany) Yokogawa Electric Corporation (Japan)
What the Report Offers
Market definition for Europe\'s gas sensors along with identification of key drivers and restraints for the market. Market analysis for Europe\'s gas sensors market with region-specific assessments and competition analysis on a regional scale. Identification of factors instrumental in changing the market scenario, rising prospective opportunities and identification of key companies that can influence the market on a regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market share. Identification and analysis of the macro and micro factors that affect Europe\'s gas sensors market on regional scale. A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
Published By: Mordor Intelligence
Published Date: Q1 2017