Chemical Sensors Market Growing at 11.35% CAGR to 2019

DALLAS, TX -- ReportsnReports.com adds Global Chemical Sensors Market 2015-2019 research report (available starting Dec 3, 2014) and offers U.S. Chemical Sensors to 2017 market research report in the chemicals industry intelligence collection of its online library.

A Number of Biomedical Applications Will Encourage Growth in the Global Chemical Sensor Market by 2019 according to a new research report available with ReportsnReports.com starting Dec 3, 2014. Demand for quick, accurate diagnosis in the medical sector is expected to be a developing trend in the market over the next four years. The research spread across 100 pages and providing data and information according to market segmentation by type, by application and geographies, profiles 6 major players of the industry and the market analysis is supported with 47 data and information exhibits.

Chemical sensors are essential for analyzing the chemical composition of a sample in industries ranging from automotive to medical, industrial and environmental. The sensors consist of a receptor and transducer that operate on a real-time basis and are controlled by kinetics and thermodynamic chemical reactions. Chemical sensors help record patient data, and are being used in blood sugar testing strips, portable glucose monitors, renal failure diagnosis, drug and alcohol abuse diagnosis, cancer diagnosis, and fertility treatments. Emerging developments in technology are also expected to increase the market penetration of chemical sensors and provide better solutions in end-user industries. Manufacturers are introducing new cost-effective, portable and miniaturized variations of sensors that provide better integration with measurement systems. The market is highly fragmented with the presence of several large vendors like Abbott Laboratories, Bayer, Bosch, Johnson & Johnson, NGK and Roche, which have vast geographical presences with huge production facilities worldwide.

The Global Chemical Sensors Market 2015-2019 research report has been prepared based on an in-depth market analysis with inputs from industry experts. It segments the chemical sensors industry based on type into five divisions: Electrochemical, Biochemical, Optical, Electrical and Electromechanical, and others. The report covers North America, Europe, the APAC region, and the ROW; it also covers the Global Chemical Sensors market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Companies active in the chemical sensors market and discussed in this research include Abbott Laboratories, Bayer, Hoffmann La-Roche, Johnson & Johnson Services, NGK Spark Plugs, Robert Bosch, ABB, Alpha MOS, Alphasense, AMETEK, City Technology, Delphi Automotive, Delphian, DENSO, Draegerwerk, E2V technologies, Emerson Electric, Figaro Engineering, Freescale Semiconductor, General Electric, Halma, Heraeus Holding, Honeywell International, Horiba, Industrial Scientific, International Sensor Technology, Mine Safety Appliances, Nova Biomedical, Ocean Optics, RAE Systems, Siemens, Smiths Detection Teledyne Monitor Labs, Thermo Fisher Scientific, United Technologies and Xylem.

The U.S. chemical sensors market demand will increase nearly 5% per year to reach around $1.9 billion in 2017. A continued rebound in light vehicle production, along with the increasing use of advanced, higher cost universal exhaust gas oxygen (UEGO) sensors to improve vehicle fuel efficiency and performance, will drive advances. Growth will also be supported by healthy increases in medical chemical sensor demand as the continued aging of the baby boomer generation leads to above average growth in the diagnosis of diabetes and other chronic conditions. More broadly, gains across the entire industry will be supported by strong unit volume demand as lower average prices for most product types, and improved chemical sensor performance due to technology advancements, encourage expanded sensor use and facilitate the development of new applications and markets.

According to U.S. Chemical Sensors Market to 2017 research report, optical chemical sensor demand will rise at a strong pace. The increased usage of demand control ventilation in commercial properties and the greater adoption of cabin air quality systems in motor vehicles will drive the gains. Acceleration in chemical sensor demand growth in most environmental monitoring applications due to an expanding economy and the ongoing tightening of air and water quality standards will also support advances. However, even faster growth for optical sensors will be limited by declines in automobile emissions testing due to the falling number of vehicles that need to be tested via the tailpipe.

The fastest growth, albeit from a small base, will be realized by semiconductor sensors, which will benefit from better performance and low cost. In particular, growth in semiconductor sensors will, like optical sensors, be driven by the rising adoption of automobile cabin air quality control systems.

Changes within the motor vehicle industry will have the greatest impact on chemical sensor demand going forward. The increased use of gasoline direct injection and turbocharged engines by vehicle manufacturers in an effort to comply with federal corporate average fuel economy requirements will necessitate the expanded use of higher cost UEGO sensors that allow engines to achieve both higher performance and better fuel efficiency. The shift in product mix toward the higher cost oxygen sensors, as well as the increased adoption of cabin air quality sensors, and robust increases in nitrogen oxide and ammonia sensor demand due to the strong rebound in medium and heavy duty truck production, will all support the strong gains in the motor vehicle market and chemical sensors overall.

The research, available starting Dec 3 2014 at http://www.reportsnreports.com/reports/319502-global-chemical-sensors-market-2015-2019.html

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