Global Gas Sensors Market to grow at 7% CAGR from 2017 to 2024: Fractovia.org
The recent years have witnessed gas sensor market observing a paradigm shift in their application spectrum. Conventionally constrained to be deployed in industrial leak detection systems and carbon dioxide alarms, gas sensor, as on today, are being utilized for a plethora of other domains – right from automotive and petrochemical to the emerging ones such as consumer electronics and medical. One of the most pivotal reasons responsible for myriad innovations in gas sensors industry is the emergence of the smart era. Companies have been brainstorming advancements left right and center, to manufacture gas sensor for smart homes and cities. Recently for instance, Sensirion AG, a renowned flow sensor solution provider partaking in gas sensors market share, launched the SGP gas sensors at the Measurement Fair held at Nuremberg. Reportedly, it is the first stable metal-oxide gas sensor that has been designed to integrate four gas detecting elements into a rather miniature DFN package encompassing a calibrated air quality output signal. Endowed with the features of multi-pixel technology and long-term stability, the SGP sensor has been touted to create waves of anticipation in gas sensors industry. Furthermore, experts forecast that the product would generate lucrative avenues for gas sensor market across smart appliances, smart homes, and other IoT applications.
The design aspect of the SGP sensor has brought forth another vital pointer influencing gas sensors market outlook – the rapidly rising trend of electronic device miniaturization. This dynamic change in the electronics domain in tandem with the robust requirement of cost reduction has led to the development of environmental monitoring systems that are inclusive of gas sensors. Accordingly, with the rise in the demand for such systems, the demand for sensors is also expected to surge, thereby carving out a positive growth path for gas sensor industry. These products offer a barrage of benefits, such as high robustness, simple production mechanism, high spatial coverage, and an easy-to-understand interface, and help effectively measure the pollutant level in the atmosphere. On these grounds, they are extensive deployed across significant end-use domains, leading to a substantial upsurge in gas sensor market share. A substantially sizable proportion of businesses are being governed by the stringent laws centered around environmental safety. With pollution being one of the leading causes of ecological imbalance, regional governments and globally authorized bodies have mandated norms that industries have to adhere to. Gas sensor, with their exceptional ability to monitor pollutant levels and maintain air quality, are the go-to devices for reducing the impact of 1|Page