Global Chemical Sensors Market to Reach $17.28 Billion by 2015, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Chemical Sensors markets. The world market for chemical sensors is projected to reach $17.28 billion by the year 2015. New product innovations and expanding applications will offer considerable growth opportunities in spite of relatively slower gains in mature markets such as pH testing, industrial safety, and flue gas emissions monitoring.

Chemical Sensors: A Global Market Report

Chemical sensors are used to improve point-of-care diagnostics in medical applications, control and monitor environmental pollution, provide compact, fast, low power, and sensitive tools for quality and process control in industrial applications, as well as improve or implement warfare threat detection and security. Advances in the medical/diagnostic test market and escalating use of chemical sensors in large-scale industrial and environmental applications will drive the market for chemical sensors, including biosensors and gas sensors. Poor water quality and the urgent need to conserve water resource will stir up demand for dissolved-gases sensors. Demand for chemical sensors will be fuelled by newer applications for established sensor products; product innovation through the use of microfabrication and other high tech manufacturing techniques; and falling cost of high-performance sensor types. Biosensors and optical sensors are a hot spot for generating revenue, which is especially true for mass volume applications in the industrial, consumer and motor vehicle sectors.

The decline in end-use markets such as automotive and biometrics will to a large extent be counterbalanced by the indispensable use of chemical sensors in medical diagnostics. Biosensors market stands immensely benefited by the rapidly aging populating, increased spending in the healthcare sector, increasing demand for point-of-care testing & monitoring solutions, shift towards alternate sites of healthcare, and increased occurrences of a number of chronic diseases. The demand for dissolved-gases sensors is expected to witness steady growth due to rising environmental concerns such as water quality as well as growth witnessed in aquaculture industry. Global market for gas sensors is driven by demand from OEM and replacement market needs. There is an increasing demand for carbon dioxide (Co2) sensors in bulk food storage sector, due to the proven ability of Co2 sensors in detecting incipient spoilage as well as assessing Co2 levels in storage structures and controlled atmosphere packages.

The United States and Europe collectively account for a major share of the world chemical sensor market as stated by the new market research report on Chemical sensors market. The medical market is expected to be the largest, as well as the fastest growing end-use segment for chemical sensors.

Key players dominating the chemical sensors market include Alphasense Limited, City Technology Ltd, Delphi Corporation, Emerson Process Management, Figaro Engineering Inc, Freescale Semiconductor Inc, Mine Safety Appliances Company, NGK Spark Plug Company Limited, Nova Biomedical Corporation, Ocean Optics Inc, RAE Systems Inc, Smiths Detection, Teledyne Monitor Labs Inc, and Thermo Fisher Scientific Inc., among others.

The report titled "Chemical Sensors: A Global Market Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of industry overview, product overview, key market trends, product introductions/innovations, profiles of major players, and recent industry activity. The report analyzes market data and provides analytics in value sales for regions such as US, Canada, Japan, Europe (France, Germany, Italy, UK, and Rest of Europe), Asia-Pacific (China, South Korea, and Rest of Asia-Pacific), Latin America (Brazil, and Rest of Latin America), and Rest of World. The study also analyzes US Chemical Sensors market by the following end-use markets - Medical, Industrial, Environmental Monitoring, and Others.

For more details about this comprehensive market research report, please visit - http://www.strategyr.com/Chemical_Sensors_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 800 people worldwide and publishes more than 1100 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Web Site http://www.StrategyR.com

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