Global Chemical Sensors Market to Show Double Digit Growth, Expects Azoth Analytics in New Report Available at MarketPublishers.com24 Nov 2016 • by Natalie Aster
LONDON – At present, there is a considerable rise in the demand for chemicals sensors from automotive and medical sectors. This demand increase is set to result into considerable growth of the global market for chemical sensors. This marketplace is expected to showcase a CAGR of slightly over 10% percent over the period 2016-2021.
The uncovering of applications in different industries like food and beverage processing, chemical processing, defense, and more.
Electrochemical sensors make up the largest segment of this market globally. However, growth of this segment will not be very high in the coming years. Biochemical sensors are set to showcase the swiftest growth in the offing. This trend will stem from a range of factors, such as the rising diabetes prevalence and the increasing demand for home as well as point-of-care testing and monitoring tools.
In terms of regions, APAC is set to be the fastest growing marketplace. This growth will be encouraged by the increase in the vehicle production, production shift to low-cost countries among manufacturers, and more.
Alpha MOS, RAE Systems, HORIBA and Siemens are some of leading companies globally.
New research report “Global Chemical Sensors Market: Analysis By Type, By Application, By Region, By Country (2016-2021) – By Type; By Application; By Region and By Country” worked out by Azoth Analytics offers an in-depth analysis of the world’s chemical sensors market. The study starts with a detailed product overview. It contains estimations of the worldwide market over the period 2011-2015 in terms of value.
The report also projects value changes over the period 2016-2025. The research study examines the marketplace on the basis of sensor types and application fields. It sheds light on regional marketplaces and delves deep into performance of leading countries.
The research report scrutinizes dynamics of the world’s marketplace. The study concentrates on the most prominent trends in this space. It contains Porter’s five forces and SWOT analyses.
The report investigates the competitive environment. The research study also delves deep into the regulatory landscape and limelights the competitive environment. Profiles of top companies are on hand in the research report, too.
More new studies by Azoth Analytics can be found at its page.