Gas Analyzer, Sensor & Detector Market Trends & Forecasts to 2018

2014-03-20 88

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The gas analyzer units are estimated to be 639 thousand units in 2013, growing at a CAGR of 4.3% between 2013 and 2018. In terms of revenue, the gas sensor, and detectors markets are expected to grow at a CAGR of 6.1% and 5.7% respectively, during the same period. Asia-Pacific holds majority of the market share followed by North America and Europe. Due to the strong demand from construction industry, Asia-Pacific dominates the market and is the largest consumer which accounted for 32.5% of the global GASD market in 2012.

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