North America’s chemical sensors market is expected to grow to USD 7.32 billion by 2018 at a CAGR of 8.03% over the period 2016-2021. North America has the largest market share in the chemical sensors market. A continued recovery in light vehicle production, along with the increasing use of advanced, higher cost universal exhaust gas oxygen sensors to improve vehicle fuel efficiency and performance, will drive advances. Growth will also be supported by healthy increases in medical chemical sensor demand. The growing technological propagation and amalgamation of chemical sensors products with a vast kind of applications such as medical, automotive, and manufacturing, etc. are the major factors driving the growth of the chemical sensors market. The growth of the chemical sensors market is currently being hindered by a decrease in automobile emissions testing due to the falling number of vehicles that need to be tested.
Electrochemical sensors are estimated to see the fastest growth, with demand reflecting a recovery in manufacturing. Optical sensors will continue to benefit from their high sensitivity, stability, immunity to interference, and product improvements such as smaller size and enhanced ruggedness. Sales will be enhanced by the growing prevalence of diabetes in the population and by rising demand for home and point-of-care testing and monitoring tools.
The chemical sensors market is segmented on the basis of type (electrochemical, optical, pellistor/catalytic bead, and others) and end-user industry (medical, automotive, industrial, environmental monitoring, defense, and others). This report gives a detailed study of Porter’s five forces analysis, market segments, major geographies, and current market trends. All the five major factors in these markets have been quantified using the internal key parameters governing each of them. It also covers the market landscape of these players, which includes the key growth strategies and competition analysis. The report also considers key trends that will impact the industry and profiles over 10 leading suppliers of the chemical sensors market.
Some of the top companies mentioned in the report are:
- Emerson Electric Company (U.S.)
- General Electric (U.S.)
- Honeywell International Inc. (U.S.)
- Siemens AG (Germany)
- Teledyne Technologies Incorporated (U.S.)
What the Report Offers
- Market definition for North America’s chemical sensors market along with the identification of key drivers and restraints for the market.
- Market analysis for North America’s chemical sensors market, with region-specific assessments and competition analysis on a regional scale.
- Identification of factors instrumental in changing the market scenario, rising prospective opportunities and identification of key companies that can influence the market on a regional scale.
- Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market share.
- Identification and analysis of the macro and micro factors that affect North America’s chemical sensors market on a regional scale.
- A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
