SINGAPORE, April 4, 2013 /PRNewswire/ -- Advances in microelectromechanical system (MEMS) sensor technology and the advent of small, low-cost, high-performance sensors have lent momentum to the gas sensors market for industrial applications in Asia-Pacific. This growth will continue as the increasing use of integrated smart sensor systems will require equipment changes and upgrades, presenting vendors with a large replacement market in the region.
New analysis from Frost & Sullivan's (http://www.sensors.frost.com), Analysis of the Gas Sensors Market for Industrial Applications in Asia-Pacific, finds that the market earned revenues in the range of $50.0 to $60.0 milion in 2011 and estimates this to grow at a CAGR of 11.6 percent till 2017. The research covers electrochemical, catalytic, infrared, photoionization and solid-state sensors.
"End user focus on energy efficiency has increased the demand for gas sensors that can control ventilation levels in buildings, factories and manufacturing sites," says Frost & Sullivan Measurement & Instrumentation Consulting Analyst Nguyen Huong. "Revenues are expected to go up with the introduction of affordable gas sensors with ultra-low power consumption, high reproducibility, higher sensitivity, and on-chip circuit integration."
Consumers are looking for integrated smart sensor systems with rapid response and multi-measurement capabilities. The incorporation of sensors in handheld devices, including smartphones and tablets, and the availability of features such as interrupts and first-in/first-out (FIFO) functions that enhance gas sensor performance under harsh conditions will widen the application base.
Government concerns have led to legislations on industrial health and safety, further popularizing gas sensors. Devices with motion sensors that alert end users of a 'man down' situation, improved safety, and rapid response to unforeseen incidents have become essential.
Despite these critical uses of traditional gas sensors in industrial applications, the trend of disposable user-friendly instruments with low maintenance costs could reduce market value. The rising prices of raw materials shrink profit margins, thereby curbing investments in research and development and hampering market growth.
"Leading gas sensor brands must strengthen their distribution channels to expand their market share in Asia-Pacific," concluded Huong. "They need to produce robust, reliable sensors that are capable of performing in challenging environments without false alarms."
If you are interested in more information on this research, please send an email to Jessie Loh, Corporate Communications, at firstname.lastname@example.org with your full name, company name, job title, telephone number, company email address, company website, city, state and country.
Analysis of the Gas Sensors Market for Industrial Applications in Asia-Pacific is part of the Sensors & Instrumentation Growth Partnership Service program. Frost & Sullivan's related research services include: Electrochemical Gas Sensor Market Assessment, Infrared Gas Sensor Market Assessment, Catalytic Gas Sensor Market Assessment, and Photo Ionization Gas Sensor Market Assessment. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.
Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.
- The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
- The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.
For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?
Analysis of the Gas Sensors Market for Industrial Applications in Asia-Pacific
Corporate Communications – Asia Pacific
P: +61 (02) 8247 8927
F: +61 (02) 9252 8066
Corporate Communications – Asia Pacific
P: +65 6890 0942
F: +65 6890 0988
SOURCE Frost & Sullivan