The electrochemical sensor market is expected to register a CAGR of 11.4% over the forecast period 2019-2024. The emergence of nanotechnology-based sensors will drive the market in the forecast period. The market has been buoyed by the advent of MEMS technology, miniaturization of gas detection circuitry and the development of solid-state sensors that has increased the popularity of sensor modules to detect gases.
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The Report includes Several Company Profiles of who are market key players
Increasing focus on the safety of hazardous locations, due to the rise in the number of explosions occurred in the extreme environment of the manufacturing and chemical industries, because of the presence of toxic and combustible gases, has prompted an increased focus on explosion prevention through implicit monitoring across the hazardous zones of these end-user industries to achieve a safer working environment.
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Further, the government regulations such as COSHH and OSHA regulations among others, toward on offshore oil and gas exploration and production as well as storage activities imposes strict limits on the exposure to carbon monoxide and other toxic gases and fumes. This has been a significant driver for adoption of electrochemical technology based gas sensors.
However, operational issues related to size, energy consumption, and sensitivity could be a major challenge for the market.
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The study objectives are:
To analyze and research the global Electrochemical Gas Sensors status and future forecast, involving capacity, production, value, consumption, growth rate (CAGR), market share, historical and forecast.
To present the key Electrochemical Gas Sensors manufacturers, capacity, production, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Electrochemical Gas Sensors are as follows:
History Year: 2014-2019
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
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