Market Research Report Global MEMS Gas Sensor market research report,Appl | Page 2

Global MEMS gas sensor industry is the sector which deals with the
manufacturing, designing and production of the gas sensors which works on the
nano technology in order to predict and detect the presence of gas in any setting.
In 2016, the world economy expanded by just 2.2 per cent, the slowest rate of
growth since the Great Recession of 2009. Underpinning the sluggish global
economy are the feeble pace of global investment, dwindling world trade growth,
flagging productivity growth and high levels of debt. World gross product is
forecast to expand by 2.7 per cent in 2017 and 2.9 per cent in 2018, with this
modest recovery more an indication of economic stabilization than a signal of a
robust and sustained revival of global demand. Given the close linkages between
demand, investment, trade and productivity, the extended episode of weak global
growth may prove self-perpetuating in the Electric Cookerence of concerted
policy efforts to revive investment and foster a recovery in productivity. This
would impede progress towards the Sustainable Development Goals (SDGs),
particularly the goals of eradicating extreme poverty and creating decent work for
all.
The MEMS gas sensor industry is promised to grow at a stable and progressive
CAGR over a forecast period of 2017-2024. The reason for such growth is due to
the increased use of nanotechnology in our day to day lives and its vivid
application in the industries.