Gas Sensors Market Industry Trends, Size, Share,2016 to 2024

Hexa Research Fact-based market research, penetrating industry insights and validated forecasts to help you make better decisions for a stronger future Gas Sensors Market Share, Size, Analysis, Growth, Trends and Forecasts, 2016 to 2024 | Hexa Research The global gas sensors market is anticipated to grow beyond USD 2,513 million by 2024 growing at a CAGR of over 6 % over the forecast period (from 2016 to 2024). Various technological innovations, mainly due to the improved manufacturing methods and embedded electronics are projected to augment the growth of the global market. In addition, the rising demands from various end-use industries are also estimated to positively impact the global industry. The global market is categorized as products, technology, end-uses, and regions. The product sector comprises Nitrogen Oxides (NOx), Oxygen (O), Carbon Monoxide (CO), and Carbon Dioxide (CO2). The oxygen sensor sector occupied over 10 % of the total market revenue in 2015. It is further projected to grow rapidly over the ne xt few years. However, the NOx sensor sector is anticipated to become the fastest -growing segment with a CAGR of over 7 % over the estimated years. The CO2 sensor sector has also been experiencing increased demands from the bulk food storage segment. Howev er, the high costs of these CO2 sensing products are likely to hamper the sector growth in near future. Contact: [phone] Email : [email protected] Website: http://www.hexaresearch.com/