Market Share of Volatile Organic Compound Gas Sensor Industry
The competitive rivalry in the plastic processing machinery market is moderately consolidated owing to the presence of some key players such as ABB and Alphasense. Through research and development, these companies have gained a competitive advantage by continually innovating their offerings. Through strategic partnerships, mergers, and acquisitions, these players have gained a strong footprint in the market and can further develop the technology.
- March 2020: ABB limited agreed to acquire Cylon Controls Ltd for enhancing the ABB Electrification business position in the commercial buildings segment. Cylon consists of approximately 100 employees and offers to build automation and HVAC control solutions.
Volatile Organic Compound Gas Sensor Market Leaders
EcoSensors
SGX Sensortech Limited
GfG Europe Ltd.
MicroJet Technology Co., Ltd.
Renesas Electronics Corporation
*Disclaimer: Major Players sorted in no particular order
