Electrical And Electronics Manufacturing

Global Chemical Sensors Market Size, Forecasts, And Opportunities

November 5, 2021November 5, 2021 by The Business Research Company

Learn about the global chemical sensors market through The Business Research Company, which provides information on chemical sensors market size, chemical sensors market drivers and restraints, chemical sensors market players, the COVID-19 impact on the chemical sensors market, and more.

The global chemical sensors market is expected to grow from $23.95 billion in 2020 to $26.38 billion in 2021 at a compound annual growth rate (CAGR) of 10.1%. The growth of the chemical sensors market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The chemical sensors market is expected to reach $34.52 billion in 2025 at a CAGR of 7%.

The increasing use of chemical sensors in the automotive industry is expected to drive the growth of the chemical sensors market in the forecast period.

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The chemical sensors market consists of sales of chemical sensors devices that determine the detectable presence, concentration, or quantity of a given analyte. A chemical sensor is a device that identifies and analyzes chemical properties in an analyte (the technical term for the chemical material under investigation) and converts the chemical data into electronic data.

Global chemical sensors market segments include:
By Product Type: Optical, Pallister Or Catalytic Bead, Others
By Particulate Type: Liquid, Gas
By Detection Method: pH Sensors, Humidity Sensors, Bio Sensors
By End-User: Automotive, Medical, Environmental Monitoring, Industrial, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

Artificial Intelligence (AI) is an emerging trend in the chemical sensors market. Artificial intelligence is increasingly being used in chemical sensors to assist in the identification and quantification of the ubiquitous mix of chemicals that comprise the environment. The ability of novel AI algorithms to seamlessly integrate with chemical sensors for material innovations and robust additive manufacturing technologies is impressive.

TBRC’s chemical sensors market report covers:
Major Market Players: Honeywell International Inc., Siemens AG, Halma PLC, Denso Corporation, Emerson Electric, General Electric, Intelligent Optical Systems, SICK AG, Alpha MOS, The Bosch Group, Hans Turck GmbH & Co. KG, Owlstone Inc., Spec Sensors, Nemoto, SenseAir AB, Freescale Semiconductor Inc., and JLM Innovation GmbH.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Chemical Sensors Global Market Report 2021: COVID-19 Growth And Change to 2030 is one of a series of new reports from The Business Research Company that provides chemical sensors market overviews, analyzes and forecasts market size, share, chemical sensors market players, chemical sensors market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s chemical sensors market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Here is a list of similar reports from The Business Research Company:
Chemicals Global Market Report 2021
Chemicals By End Use Global Market Report 2020
Chemical Fertilizers Global Market Report 2021

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