Which are the major companies in the gas sensor market? What are their major strategies to strengthe
The major companies in the gas sensors market are - Honeywell Analytics (UK), MSA (US), Amphenol (US), Figaro (Japan), Alphasense (UK), ams AG (Austria), MEMBRAPOR AG (Switzerland). The major strategies adopted by these players are product launches and partnerships.
Which is the potential market for gas sensor in terms of region?
By region, Asia Pacific (APAC) is projected to account for the largest share of the gas sensors market during the forecast period. The APAC gas sensors market is mainly dominated by China and Japan. The market growth in this region can be attributed to the increased use of gas sensors in automotive & transportation, smart cities & building automation, power stations, oil & gas, and chemical applications.
What are the opportunities for new market entrants?
Major opportunities for the new entrants in the gas sensor market lies in the networking of gas sensors through IoT, Big Data, and Cloud Computing; adoption in consumer electronics devices, and involvment of public and private organizations.
What are the factors driving the growth of gas sensors market?
The formulation and implementation of various health and safety regulations across the globe, increased adoption of gas sensors in HVAC systems and air quality monitors, rise in demand for gas sensors from critical industries, increased air pollution levels, and the need to monitor air quality in smart cities are the major factors driving the growth of the gas sensors market.
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Which applications are expected to drive the growth of the market in the next 5 years?
By application, the smart cities & building automation segment is projected to lead the gas sensors market. Rising environmental pollution levels and an increasingly degrading indoor air quality have created a significant demand for gas sensors in HVAC and air quality monitoring systems. "
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