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Increasing Awareness on Safety to Lead to a Greater Demand for Gas Sensors and Detectors
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Market for gas sensors, detectors, and analyzers exceeded $2.0 billion in total and is expected to grow further in the future. The global market for gas detection is projected to reach $3.3 billion by the 2018 at a CAGR of 4.3 percent. Legislation and public concerns regarding monitoring of gas leaks and emissions stimulated market growth. In addition, the increasing awareness on safety among end users led to a greater demand for gas sensors and detectors. Increasing enforcement of the occupational health and safety regulations and government bodies is an important driver for the sales of gas sensors, detectors, and analyzers.
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