About Industrial Gas Sensors
Industrial gas sensors are used for detecting the leakage of harmful and toxic gases in any facility. These sensors are used to ensure that proper precautionary measures are taken to prevent any accident or injury. By type, the gas sensors are segmented into oxygen, carbon dioxide, carbon monoxide, and others. By technology, the gas sensors have been divided into electrochemical, semiconductor, infrared, PID, and others.
Technavio’s analysts forecast the global industrial gas sensors to grow at a CAGR of 5.80% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global industrial gas sensors for 2017-2021. To calculate the market size, the report considers new installations, sales, retrofit, replacement, and services market.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Industrial Gas Sensors 2017-2021
Technavio recognizes the following companies as the key players in the global industrial gas sensors: Aeroqual, Dynament, Euro-Gas, and Figaro.
Other Prominent Vendors in the market are: ABB, Bosch, Invest Electronics, KIMO, MWC Water Controls, Monicon Technology, Pewatron, Siemens, and Wuhan Cubic.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is wearable gas sensors. Nowadays, the industrial gas sensor vendors manufacture products that are easily wearable by the workers inside the facility where hazardous operations take place. These gas sensors are small in size and extremely portable. The sensors enable the workers within a facility to remain protected every time.”
According to the report, one driver in the market is need for gas detection in industrial environment. Many hazardous processes are carried out in an industrial workplace. These processes are dangerous for the workers and harmful to the environment. During the industrial processes, a number of colorless and odorless gases are produced, detecting which is challenging for the workers. At the same time, the safety of the workers and environment remains at stake. In such conditions, the gas sensors installed in the facilities not only provide indications about the presence of hazardous gases in the facility but also help in improving the quality of air in the industries.
Further, the report states that one challenge in the market is fluctuation in prices of raw materials for gas sensors. The major raw materials that are used for manufacturing gas sensors are aluminum, copper, and silver. Different versions of gas sensors are also available that are made using gold and platinum as the major raw materials. The prices of such raw materials vary from time to time. The variable procurement cost of raw materials results in a fluctuating overall manufacturing cost of the gas sensors. This makes the manufacturers put in much effort in strategizing the prices of gas sensors that must be sold in the market.
Aeroqual, Dynament, Euro-Gas, and Figaro. ABB, Bosch, Invest Electronics, KIMO, MWC Water Controls, Monicon Technology, Pewatron, Siemens, and Wuhan Cubic.