Chemical Sensors Market
Chemical Sensors Market Size And Forecast
According to Verified Market Research, Global Chemical Sensors Market was valued at USD 20.65 Billion in 2018 and is projected to reach USD 32.9 Billion by 2026, growing at a CAGR of 5.76% from 2019 to 2026.
Frequently Asked Questions (FAQs)
Global Chemical Sensors Market Outlook
The rapid pace of technological advancement in microelectronics is fueling the growth of the market. Rising environmental concerns with the release of pollutants in the surrounding is a major factor that boosting the demand for the monitoring of such harmful chemicals. The growing adoption of chemical sensors from the healthcare industry in various medical devices for glucose monitoring, renal failure diagnosis, and drug & alcohol abuse diagnosis among others is also increasing the demand. However, cross-sensitivity of other gases and short shelf life are some of the factors that may affect the growth of the market.
Global Chemical Sensors Market Competitive Landscape
The Global Chemical Sensors Market study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Smiths Detection Inc., AirTest Technologies Inc., Hans Turck GmbH & Co. KG, General Electric, Thermo Fisher Scientific, Bayer, MSA Safety Incorporated, Honeywell International Inc., SICK AG, and Siemens AG.
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