Global Pellistor Bead Chemical Sensors Market - Growth, Trend and Forecasts (2018 - 2023)
The global pellistor bead chemical sensor market is expected to witness a CAGR of 6.6%, over the forecast period (2018 - 2023). The scope of the report includes end users, limited to industrial, medical, environmental monitoring, and defense and homeland security. The regions considered in the scope of the report include North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
Increasing Environmental Risks from End-user Industries are Driving the Chemical Sensors Market
The demand for chemical sensors is increasing due to increasing levels of pollution. Applicability of sensors in analyzing chemical composition of different samples is influencing the adoption of chemical sensors. The use of chemical sensing arrays and higher-order orthogonal sensors is increasing in the global market for pellistor bead chemical sensors. Factors, such as low cost and portability, of pellistor bead chemical sensors are expected to fuel the growth of the market, during the forecast period. The defense sector, research labs, and healthcare operations are utilizing sensors as advanced tools, which, in turn is driving the pellistor bead chemical sensor market.
Medical Industry – the Fastest Growing End-user Industry
The increasing use of next generation clinical diagnostic, measuring, and monitoring sensors in implantable and wearable devices has created many opportunities in the pellistor bead chemical sensor market. Low cost of raw materials and the advent of nano- and micro-fabrication techniques within the industrial manufacturing processes have led to a substantial increase in the commercialization of chemical sensors for healthcare applications. This trend is expected to maintain the same status, during the forecast period.
Asia-Pacific to Emerge as the Fastest Growing Market, with a Double-Digit Growth Rate
North America and Europe are the leading regions, in terms of overall demand, for chemical sensors. The alarming pollution levels in China, India, and other Asia-Pacific countries are also driving the demand for chemical sensors. Low prices, flexible applications, and speedy technological implementations are fuelling the demand for chemical sensors in the Asia-Pacific region. The future of the chemical sensors market is promising, due to the increasing usage of chemical sensors in industrial safety operations and environmental monitoring programs.
Key Developments in the Market
January 2017: Honeywell announced a new Bluetooth-enabled fixed gas detector for commercial and light industrial applications, enabling users to easily set up and maintain the device with a smartphone app. The Sensepoint XCL is a wall-mounted device that monitors hazardous levels of specific gases, such as carbon monoxide, ammonia, or methane, thus, ensuring safety in operations and for employees. When paired with a smartphone, by using a downloadable app, Sensepoint allows a single installer to perform commissioning, maintenance, and management of the detector, without requiring a second worker in a control room. It also simplifies generating system reports for regulatory compliance purposes
Major Players: AIRTEST TECHNOLOGIES, SMITHS DETECTION INC., DIGITAL CONTROL SYSTEMS, GENERAL ELECTRIC, HANS TURCK, HONEYWELL ANALYTICS, MSA SAFETY, PEPPERL+FUCHS, SENSEAIR, SICK AG, amongst others
Reasons to Purchase the Report
Increasing environment concerns may act as a driver in the pellistor board market
Analyzing various perspectives of the market using Porter’s five forces analysis
The solutions and type of security that is expected to dominate the market
Regions that are expected to witness fastest growth during the forecast period
Identify the latest developments, market shares, and strategies employed by major market players
3 months analyst support, along with the Market Estimate sheet (in excel)
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