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Chemical Sensors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Report Format: PDF+Excel | Report ID: SR112023A1579
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Market Overview:
The global chemical sensors market size reached US$ 22.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 32.6 Billion by 2028, exhibiting a growth rate (CAGR) of 6.75% during 2023-2028.
Chemical sensors refer to various devices and instruments that are used to determine the presence, concentration and quantity of an analyte. The analyte is any molecule or element that is examined under a chemical condition. The sensors are used to transform chemical information into analytical signals and provide real-time information about a sample. The chemical information also indicates the presence of multiple chemical species in the sample. Apart from chemical species, they can also trace microorganisms using bio-compounds which have membrane components or nucleic acid similar to the sensor.
The growth of the automotive, food and beverage, and healthcare industries is the key factor driving the growth of the market. Chemical sensors are used to detect and monitor automotive and industrial emissions along with the functioning of wastewater treatment systems. In the healthcare sector, they are used in fertility systems, cancer diagnosis, portable glucose monitors, diagnosis of renal failure and alcohol and drug abuse. Furthermore, the increasing prevalence of diabetes and related diseases is also expected to increase the product demand as chemical sensors are used in the manufacturing of blood sugar testing strips. Additionally, there is a growing demand for optical chemical sensors that are utilized in vehicle cabin air quality systems, owing to the increasing sales of automobiles. This, coupled with the rising adoption rate of centralized ventilation in residential and commercial spaces, is also favoring the growth of the market. Moreover, these sensors are finding extensive application in the defense and military sector, as they aid in the detection of explosive materials.
IMARC Group’s latest report provides a deep insight into the global chemical sensors market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the chemical sensors market in any manner.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global chemical sensors market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on product type, analyte and application.
Breakup by Product Type:
- Electrochemical
- Potentiometric
- Amperometric
- Conductometric
- Others
- Optical
- Infrared
- Photoionization
- Others
- Pellistor/Catalytic Bead
- Semiconductor
- Others
Based on the product type, the report finds that electrochemical sensors represent the most popular type of chemical sensors. Other major product types are pellistor/catalytic bead and semiconductor. Electrochemical sensors are further divided as potentiometric, amperometric, conductometric and others.
Breakup by Analyte:
- Solid
- Liquid
- Gas
On the basis of the analyte, the market has been categorized into solid, liquid and gas.
Breakup by Application:
- Industrial
- Motor Vehicles
- Food & Beverage Processing
- HVAC
- Environmental Monitoring
- Industrial Safety & Emissions
- Water & Wastewater
- Automotive Emissions Testing
- Medical
- Clinical Diagnostics
- Nutritional
- Defense and Homeland Security
- Others
The market has been segregated based on the application into industrial, environmental monitoring, medical, defense and homeland security and others. Amongst these, industrial applications represent the largest segment, which also includes motor vehicles, food and beverage processing and HVAC.
Breakup by Region:
- Asia Pacific
- Europe
- North America
- Middle East and Africa
- Latin America
On the basis of geography, North America enjoys the leading position in the market. Other major regions are Europe, Asia Pacific, Latin America, and Middle East and Africa.
Competitive Landscape:
The report has also analyzed the competitive landscape of the market with some of the key players being Smiths Detection Inc., AirTest Technologies Inc., Hans Turck GmbH & Co. KG, General Electric, Thermo Fisher Scientific, Bayer, MSA Safety Incorporated, Honeywell International Inc., Pepperl+Fuchs Group, SICK AG, Siemens AG, ABB Ltd, SenseAir AB, Spectris PLC, Denso Corporation, Halma PLC, Owlstone Inc., etc.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2022 |
| Historical Period | 2017-2022 |
| Forecast Period | 2023-2028 |
| Units | US$ Billion |
| Segment Coverage | Product Type, Analyte, Application, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Companies Covered | Smiths Detection Inc., AirTest Technologies Inc., Hans Turck GmbH & Co. KG, General Electric, Thermo Fisher Scientific, Bayer, MSA Safety Incorporated, Honeywell International Inc., Pepperl+Fuchs Group, SICK AG, Siemens AG, ABB Ltd, SenseAir AB, Spectris PLC, Denso Corporation, Halma PLC, and Owlstone Inc. |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global chemical sensors market was valued at US$ 22.7 Billion in 2022.
We expect the global chemical sensors market to exhibit a CAGR of 6.75% during 2023-2028.
The rising utilization of chemical sensors across numerous industries, including automotive, oil and gas, military and defense, etc., as they offer excellent accuracy and real-time information regarding a sample, is primarily driving the global chemical sensors market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of various end-use industries for chemical sensors.
Based on the product type, the global chemical sensors market can be categorized into electrochemical, optical, pellistor/catalytic bead, semiconductor, and others. Currently, electrochemical sensor accounts for the majority of the global market share.
Based on the analyte, the global chemical sensors market has been segregated into solid, liquid, and gas. Among these, solid currently exhibits a clear dominance in the market.
Based on the application, the global chemical sensors market can be bifurcated into industrial, environmental monitoring, medical, defense and homeland security, and others. Currently, industrial holds the largest market share.
On a regional level, the market has been classified into Asia Pacific, Europe, North America, Middle East and Africa, and Latin America, where North America currently dominates the global market.
Some of the major players in the global chemical sensors market include Smiths Detection Inc., AirTest Technologies Inc., Hans Turck GmbH & Co. KG, General Electric, Thermo Fisher Scientific, Bayer, MSA Safety Incorporated, Honeywell International Inc., Pepperl+Fuchs Group, SICK AG, Siemens AG, ABB Ltd, SenseAir AB, Spectris PLC, Denso Corporation, Halma PLC, Owlstone Inc., etc.
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