Oil Gas Sensors MarketSegmentation, Trends, Competitive Landscapes, Industry Growth, Revenue and Companies Overview – Forecast till 2025
MRFR identified some major players in the gas sensor market. They are; Sensirion AG (Switzerland), Amphenol Corporation (US), City Technology Ltd (UK), Dynament(UK), Bosch Sensortec GMBH (Germany), AlphaSense (UK), SenseAir AB (Sweden), AMS AG (Austria), NEW COSMOS ELECTRIC CO., LTD.(Japan), Membrapor AG (Switzerland), MSA (US).
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Market Research Future (MRFR), in its Global Gas Sensor Market 2020 report on the market can rise at 8.66% CAGR across the assessment period 2019 to 2025. The rise in the valuation of the gas sensor market can be from USD 1123.3 Mn in 2019 to USD 1795.9 Mn in 2025. The availability of a wide range of Gas sensors to detect a range of gases, such as combustible gases, a toxic gases, and flammable can impel the expansion of the market. The widely utility of gas sensors in industries, such as metals, chemicals, power stations, transportation, food & beverage, and smart cities can boost the expansion of the gas sensor market. The rise in application of gas sensors in manufacturing sectors can support the expansion of the market in the years to come.
The Oil Gas Sensors Market is enduring an exacting period with its robust growth coming to an abrupt halt in light of the COVID-19 pandemic. MRFR report on the Oil Gas Sensors Market highlights the future prediction and the growth alternatives that can be created.
The world Oil Gas Sensors Market segment study is based on Gas Type, Technology, and Application. The technology-based gas sensor market segments are solid-state or metal electrochemical, photoionization detectors, catalytic, infrared, holographic, laser, oxide semiconductor, and zirconia. The increase in photoionization detectors applications, followed by laser applications are expected to cause the expansion of the gas sensor market.
The gas type based segments of the gas sensor market are ammonia, oxygen, hydrogen sulfide, carbon monoxide, volatile organic compounds, chlorine, methane, hydrogen, carbon dioxide, nitrogen oxides, and hydrocarbons. The rise in the utility of carbon dioxide and nitrogen oxides can promote the expansion of the gas sensor market across the review period.
The application based segments of the global gas sensor market are oil & gas, water & wastewater treatment, medical, food & beverages, automotive & transportation, consumer electronics, environmental monitoring, power stations, metals & chemicals, mining, and others. The large scale expansion of the gas sensor market is significantly based on the high utility of gas sensors in the field of consumer electronics and environmental monitoring.
Detailed Regional Study
As MRFR study, the gas sensor market in North America is expected to rise at a high pace across the review period. Europe and Asia-Pacific are other regions that are studied by the market. The gas sensor market in North America is expected to thrive at the global market share of 32.9% through the assessment period. North America gas sensor market is likely to value USD 370.1 million by the conclusion of the assessment period. The regional market is likely to rise at 8.0% CAGR in the forecast period. The US is expected to lead the regional gas sensor market. In Asia Pacific, the expansion of the gas sensor market can be at 10.0% CAGR and the market can rise to a value above USD 329.7 Mn. The rise in the utility of electrochemical gas sensors can prompt the expansion of the regional market in the years to come. In Europe, Germany can lead the regional gas sensor market due to the rapid progression of the oil and gas sector. The gas sensor market in the Asia Pacific region can rise at a steady CAGR as the demand for gas sensors increase in China and other regions of the APAC. The expansion of gas sensor market in Latin America and the Middle East & Africa regions can be attributed to the growing infrastructure in the region.
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LIST OF TABLES
Table 1 Global Oil Gas Sensors Market: By Region, 2017-2025
Table 2 North America Oil Gas Sensors Market: By Country, 2017-2025
Table 3 Europe Oil Gas Sensors Market: By Country, 2017-2025
Table 4 Asia-Pacific Oil Gas Sensors Market: By Country, 2017-2025
Table 5 Middle East & Africa Oil Gas Sensors Market: By Country, 2017-2025
LIST OF FIGURES
FIGURE 1 Global Oil Gas Sensors Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Five Forces Analysis Of Global Oil Gas Sensors Market
FIGURE 4 Value Chain Of Global Oil Gas Sensors Market
FIGURE 5 Share Of Global Oil Gas Sensors Market In 2017, By Country (In %)
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