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Friday Apr 24, 2015
Friday Apr 24, 2015
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.
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.
To request a sample copy or view summary of this report, click the link below:
http://www.grandviewresearch.com/industry-analysis/gas-sensors-market
For more information, visit http://www.grandviewresearch.com/
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