Global Gas Sensor Market Size and Growth

Posted by Harleen Kaur on March 29th, 2018

Global Gas Sensor Market Overview:

The Global Gas Sensor Market size is expected to attain .8 billion by 2023, rising at an industry development of 6.9% CAGR during the forecast time period. Gas sensors are majorly used to measure the concentration stages of various gases including oxygen, carbon dioxide, and nitrogen oxide. High sensitive sensing elements are used with connecting leads, attached to the circuits of these sensors. Gas sensors are widely used in industrial, petrochemical, and automotive sectors. Also, processing and developing sectors extensively applied the sensors for measuring various toxic and also combustible gases, like hydrogen sulfide also nitrogen dioxide. Monitoring the concentration of the aforementioned gases is useful for detecting and also avoiding gas leaks.

Market Segmentation:

Dependent on Technology, the market report segments the market place into

Infrared: The Infrared market place holds the largest market place share in Global Gas Sensor Market by Technology in 2016 and also would can be a dominant market place till 2023.Electrochemical: The Electrochemical market is anticipated to witness a CAGR of 6.6% during (2017 - 2023).

Semiconductor: The Semiconductor market would collect market size of 5.4 million by 2023.Solid State / MOS, PID, Catalytic Others.

Depending on End User, the Gas Sensor market segments the market into

Industrial: The Europe market holds the largest market share in Global Gas Sensor in Industrial Market by Region in 2016 and would continue to be a dominant market till 2023; developing at a CAGR of 5.3 % during the prediction time period.

Building Automation & Domestic Appliances: The North America market is forecasted to witness a CAGR of 6.0% during (2017 - 2023) in Global Gas Sensor in Building Automation & Domestic Appliances Market.

Petrochemical: The Asia Pacific market is forecasted to witness a CAGR of 7.7% during (2017 - 2023) in Global Gas Sensor in Petrochemical Market.Environmental, Medical, Automotive Others.

Full Report: https://kbvresearch.com/gas-sensor-market/