Electrochemical Sensor Market Scope
Electrochemical sensor, which is made up of reference electrode and measuring electrode, is used to measure gas concentration by oxidizing it at an electrode. it is one of the widely used sensing method to detect concentration of oxygen and others harmful gases such as carbon monoxide and hydrogen sulfide. Emergence of intelligent electrochemical sensors, which is capable in converting the obtained information from electrochemical reactions into numerical signals, further provide lucrative opportunity for manufacturers to cash on.
According to AMA, the Global Electrochemical Sensor market is expected to see growth rate of 11.6% Research Analyst at AMA estimates that American Players will contribute to the maximum growth of Global Electrochemical Sensor market throughout the predicted period.
Delphi (Ireland), Emerson Electric (United States), Mine Safety Appliances (United States), Siemens (Germany), Honeywell Analytics (United Kingdom), Rae Systems (United States), Teledyne Monitor Labs (United States), Thermo Fisher Scientific (United States), Smiths Detection (United Kingdom) and GE (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are AMETEK, Inc. (United States) and Figaro USA Inc. (United States).
Segmentation Overview
The study have segmented the market of Global Electrochemical Sensor market by Type (Potentiometric Sensors, Amperometric Sensors and Conductometric Sensors) and Region with country level break-up.
On the basis of geography, the market of Electrochemical Sensor has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Increasing Use of Electrochemical Sensors in Clinical Analyses, Growing Need to Improve Sensitivity, and Bio-compatibility of Electrochemical sensors and Rising Adoption of Intelligent Electrochemical Sensors in Oil and Gas and Healthcare Sectors
Market Growth Drivers:
Growing Need to Secure Hazardous Locations Amid Increasing Number of Explosions and Increasing Government Regulations such as Control of Substances Hazardous to Health (COSHH), and Occupational Safety and Health Administration Towards Explosion Prevention
Challenges:
Chances of False Readings Owing to Cross-sensitivity of Other Gases
Restraints:
Narrow or Limited Temperature Range of Electrochemical Sensor Limits Its Applications and Limited Shelf-life of Electrochemical Sensor
Opportunities:
Growing Automotive Market in Emerging Countries Such as China and India
Key Target Audience
Manufacturers, Distributors/Traders/Wholesalers, Sub-component Manufacturers, Market and Research Firms, Industry Association, Downstream Vendors and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.