San Francisco, California (PRWEB) March 06, 2014
The global market for gas sensors is expected to reach USD 2,512.4 million by 2020, according to a new study by Grand View Research, Inc. Regulatory initiatives, in developed markets of North America and Europe, in order to boost occupational health and safety are expected to drive the market over the forecast period. Additionally, growing demand from end-use industries is expected to positively impact global market prospects.
The report “Gas Sensors Market Analysis And Segment Forecasts To 2020,” is available now to Grand View Research customers at http://www.grandviewresearch.com/industry-analysis/gas-sensors-market.
Positive outlook on demand for smart and wireless gas sensors can primarily be attributed to their effectiveness in detecting toxic gases in hazardous environmental conditions. Regulations for safety put forth by Occupational Safety and Health Administration (OSHA) and the Health and Safety at Work Act (HSWA) have been critical in enhancing market penetration across numerous industries in recent times. The use of hydrogen as an alternative fuel in hybrid vehicles is also expected to be a considerable opportunity for industry participants in the coming years.
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Further Key findings from the study suggest:
Browse All Sensors & controls Market Research Reports at http://www.grandviewresearch.com/industry/sensors-and-controls.
For the purpose of this study, Grand View Research has segmented the global gas sensors market on the basis of product, technology, end-use industry and region:
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About Grand View Research
Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights. For more information, visit http://www.grandviewresearch.com.
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