Disruptive Innovations Propel the Growth of Global Gas Sensors, Detectors and Analyzers
Future growth potential due to increased safety and security requirements of gas sensors, detectors, and analyzers
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The global gas sensors, detectors, and analyzers market is estimated to experience an approximate 3.6% compound annual growth rate (CAGR) from 2020 to 2025.
Oil & gas, and chemicals & petrochemicals industries are the biggest end users of gas sensors, detectors, and analyzer devices.
Further, market growth for market segments is forecasted, and an in-depth analysis of the competitive situation including vendors' market shares is also included. The global gas sensors, detectors, and analyzers market generated $3,563.6 million in 2020, with a base year decline of 5.0%. The market is set to grow once the impact of COVID-19 eases out.
The study offers a holistic picture of the opportunities, challenges, and threats for the vendors across the globe.
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