Technavio Announces the Publication of its Research Report Global Chemical Sensors Market 2017-2021
Technavio recognizes the following companies as the key players in the global chemical sensors market: AirTest Technologies, Banner Engineering, Digital Control Systems, General Electric, Hans TURCK, Honeywell Analytics, MSA Safety, Pepperl+Fuchs, SenseAir, and SICK.Commenting on the report, an analyst from Technavios team said: One trend in the market is growing popularity of biosensors and sensor fusion technologies. Increasing road fatalities during the night hours are being prioritized by governments.
As per a 2015 report from National Highway Traffic Safety Administration (NHTSA), the fatality rate stood three times higher in the night (6 PM to 5:59 AM). In addition, the report also mentions that the number of drunk drivers involved in fatal crashes in 2014 was four times higher at night than during the day.
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According to the report, one driver in the market is need for compliance to avoid gas disasters.
As the industrial sector uses harmful gases in different processes, the chances of gas leakage are high. A gas leakage can lead to massive disaster.
In December 1984, leakage of methyl isocyanate in Bhopal was one of the worst industrial tragedies in India that exposed 500,000 people to this harmful gas. In July 1988, an explosion and resulting oil and gas fire in Piper Alpha oil production platform in the North Sea, UK, killed 167 people.
In July 2005, Mumbai High North oil field located in the Arabian Sea, Mumbai, India, caught fire, which took away the lives of 22 people.Further, the report states that one challenge in the market is decline in popularity of electrochemical gas detectors. The electrochemical detector is losing its market share due to its short life span.
In electrochemical gas detectors, gas sensors are exposed to the gas, unlike infrared (IR) and ultrasonic gas detectors. This leads to corrosion of sensors and short life span of gas detectors.
On an average, the life span of an electrochemical gas detector is one to three years, but high exposure to gases reduces its life span, leading to its time-to-time replacement. This also leads to additional cost incurred by the industry.
This hinders the growth of the chemical sensors market.
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The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.About Chemical SensorsThe chemical sensor is an analyzer that responds to a particular analyte and transforms the input chemical quantity, which can be either a concentration of a specific sample component or a total composition analysis, into an analytically electrical signal.
Based on the working principle, the chemical sensor can be classified into many types such as electrochemical, optical, magnetic, and thermal. Chemical sensors can also be classified on the basis of the object detected such as a gas sensor for gas detection and analysis or biosensor for biological characteristics.Technavios analysts forecast the global chemical sensors market to grow at a CAGR of 5.73% during the period 2017-2021.Covered in this report
The report covers the present scenario and the growth prospects of the global chemical sensors market for 2017-2021. To calculate the market size, the report considers revenue generated by the biosensors and gas sensors.The market is divided into the following segments based on geography:
EMEATechnavio's report, Global Chemical Sensors Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years.
The report also includes a discussion of the key vendors operating in this market.
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Digital Control Systems
Need for compliance to avoid gas disasters
For a full, detailed list, view our report Market challenge
Decline in popularity of electrochemical gas detectors
For a full, detailed list, view our report Market trend
Growing popularity of biosensors and sensor fusion technologies
For a full, detailed list, view our report Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
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