Gas Sensors Market Worth $246 Billion By 2025
In 2012, the Global Gas Sensors Market was valued around USD 1.70 billion and is anticipated to reach approximately USD 3.40 billion while maintaining a compound annual growth rate (CAGR) of 6.45% during the forecast period. Technology advancements, largely owing to improved embedded electronics and manufacturing processes are anticipated to fuel the growth of the global gas sensors market. For instance, in the automobile sector, harmful emissions have contributed to the composing of regulations for emission control and produced the requirement to monitoring its concentration. NOx and CO sensors are installed with this intention, hence bestowing towards the growth of global market revenue. Oxygen sensors are installed in vehicles for monitoring cabin air quality. Different types of toxic and combustible substances used in manufacturing processes like NO2 (Nitrogen Dioxide), H2S (Hydrogen Sulfide), etc. present an elevated risk for people in the surrounding area. Hence, it is essenti...