Oxygen Gas Sensors Market-Growth, Trends, and Forecast (2020-2025)

Market Overview

The oxygen gas sensors market is expected to grow at a CAGR of 7% over the forecast period 2020-2025. The ability to reliably measure oxygen concentration or partial pressure, and provide a warning concerning the abnormal conditions is a critical requirement in industrial safety environments, such as mines, oil production facilities, and chemical plants are driving the growth of the market.

Access the PDF sample of the report @ https://www.orbisresearch.com/contacts/request-sample/4312474

– The primary factor that has driven the growth of the market, over the years, is the increasing number of applications for the oxygen sensors, coupled with rapid technological advancements in sensing technologies.
– Applications ranging from adjusting the air-fuel ratio in automobiles to controlling industrial processes are increasingly demanding the use of oxygen sensors, as accurately ascertaining oxygen levels is essential.
– Furthermore, environmental concerns are also playing a crucial role in driving the growth of oxygen sensors. Various projects have been and are expected to be implemented to measure the dissolved oxygen in the water which is crucial for ecological balance in the water.
– However, the lack of awareness and usage is hampering the growth of the market.

Scope of the Report

An oxygen sensor is an electronic device that measures the proportion of oxygen (O2) in the gas or liquid being analyzed. The most common application is to measure the exhaust-gas concentration of oxygen for internal combustion engines in automobiles and other vehicles in order to calculate and, if required, dynamically adjust the air-fuel ratio so that catalytic converters can work optimally, and also determine whether the converter is performing properly or not. Divers also use a similar device to measure the partial pressure of oxygen in their breathing gas.

Key Market Trends

Automotive Sector to Occupy a Significant Market Demand

– Ever since its commercial availability, the automotive industry accounted for the major share of the demand for oxygen gas sensors. Oxygen gas sensors are majorly employed in automobile exhausts, to accurately measure the amount of oxygen entering the car cylinders. This instrument is used for managing the released emission of petrol, diesel, and gas engine.
– The general strategy of automobile engineers for meeting standards was to add devices to the car to identify and often reburn or chemically transform unwanted exhaust and emission gases.
– Automobiles consist of one or more oxygen sensors and convert toxic gases and pollutants in exhaust gas from an internal combustion engine into less-toxic pollutants by catalyzing a redox reaction and are hence, supported by various government policies.
– Moreover, the industry is governed by strict policies and regulations employed by, both national and international authorities, making it mandatory to utilize these systems. The industry is dependent on oxygen sensors to meet the emission standards set by governments and concerned authorities.
– For instance, to comply with the U.S. Environmental Protection Agency’s stricter regulation of exhaust emissions, most gasoline-powered vehicles are equipped with catalytic converters.

Asia-Pacific to Mark the Fastest Growth Rate

– The automotive sector is expected to be the major driver for the incorporation of oxygen sensors in the region due to increasing automobile production. The regions automobile is expected to grow at 8% YoY growth according to OICA due to rising disposable incomes in countries like India.
– The region’s industrial manufacturing is also set to increase also due to developing economies and government initiatives like make in China and make in India. The growth of the industrial sector is expected to boost the oxygen sensors market due to its wide applications in the industrial sector.
– Chemical and Petrochemical have many applications of oxygen sensors the region is home to one of the biggest explorations in the world. For, Instance Indian Strategic Petroleum Reserves Ltd. includes four new underground oil reserves in 2019.
– Sinopec Qilu Petrochemical Corporation has chosen Topsoe’s Catox catalyst for cost-efficient control of volatile organic compounds (VOC) at their rubber plant in Zibo, China. The facility has two lines with a total capacity of 240,000?Nm3/h, which makes it the largest current styrene-butadiene rubber (SBR) emissions control project in Asia.

Competitive Landscape

The oxygen gas sensor market is highly fragmented due to the presence of a Large number of players and low entry barriers. Some key players in the market are ABB, Honeywell, Eaton, GE. Some key recent developments include:

– April 2019 – Eaton introduced new technologies for China’s growing electric vehicle market. More than 60% of the world’s EVs are sold in China, and sales in the region are expected to increase as automakers strive to reduce emissions to meet China’s Ministry of Industry and Information.
– April 2018 – Bosch revealed its plans to build a smart plant for electronic components. The company is investing EUR 100 million in a new manufacturing plant in central Mexico and focusing on strengthening its local presence in North America.

Reasons to Purchase this report:

– The market estimate (ME) sheet in Excel format
– Report customization as per the client’s requirements
– 3 months of analyst support

Companies Mentioned:
– Robert Bosch GmbH
– ABB Limited
– Honeywell International Corporation
– Eaton Corporation
– Delphi Automotive PLC
– Figaro Engineering Inc.
– Advanced Micro Instruments Inc.
– Yokogawa Electric Corporation
– City Technology Limited
– General Electric Company
– Hamilton Company
– Sensore Electronic GmbH
– Aeroqual Limited
– AlphaSense Inc.
– Control Instruments Corporation
– Fujikura Limited
– Membrapor AG
– Mettler-Toledo International Inc.
– Francisco Albero S.A.U.
– Maxtec, LLC

Browse the full report @ https://www.orbisresearch.com/reports/index/oxygen-gas-sensors-market-growth-trends-and-forecast-2020-2025

Table of Contents

1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Government Regulations to Ensure Safety in Work Places
4.4 Market Restraints
4.4.1 Lack of Awareness of Applications and Usage of Oxygen Sensors in SMEs
4.5 Value Chain Analysis
4.6 Industry Attractiveness – Porter’s Five Force Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION
5.1 By Type
5.1.1 Potentiometric
5.1.2 Amperometric
5.1.3 Resistive
5.1.4 Other Types
5.2 By Technology
5.2.1 Infrared
5.2.2 Catalytic
5.2.3 Other Technologies
5.3 By End-user Industry
5.3.1 Chemical and Petrochemical
5.3.2 Automotive
5.3.3 Medical and Life Sciences
5.3.4 Industrial
5.3.5 Water and Wastewater
5.3.6 Smart Buildings
5.3.7 Other End-user Industries
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Russia
5.4.2.5 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 South Korea
5.4.3.5 Rest of Asia-Pacific
5.4.4 Latin America
5.4.4.1 Brazil
5.4.4.2 Argentina
5.4.4.3 Mexico
5.4.4.4 Rest of Latin America
5.4.5 Middle East & Africa
5.4.5.1 UAE
5.4.5.2 Saudi Arabia
5.4.5.3 South Africa
5.4.5.4 Rest of Middle East & Africa

6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Robert Bosch GmbH
6.1.2 ABB Limited
6.1.3 Honeywell International Corporation
6.1.4 Eaton Corporation
6.1.5 Delphi Automotive PLC
6.1.6 Figaro Engineering Inc.
6.1.7 Advanced Micro Instruments Inc.
6.1.8 Yokogawa Electric Corporation
6.1.9 City Technology Limited
6.1.10 General Electric Company
6.1.11 Hamilton Company
6.1.12 Sensore Electronic GmbH
6.1.13 Aeroqual Limited
6.1.14 AlphaSense Inc.
6.1.15 Control Instruments Corporation
6.1.16 Fujikura Limited
6.1.17 Membrapor AG
6.1.18 Mettler-Toledo International Inc.
6.1.19 Francisco Albero S.A.U.
6.1.20 Maxtec, LLC

7 INVESTMENT ANALYSIS

8 MARKET OPPORTUNITIES AND FUTURE TRENDS

Direct purchase the report @ https://www.orbisresearch.com/contact/purchase-single-user/4312474

About Us:

Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements. We have vast database of reports from the leading publishers and authors across the globe. We specialize in delivering customized reports as per the requirements of our clients. We have complete information about our publishers and hence are sure about the accuracy of the industries and verticals of their specialization. This helps our clients to map their needs and we produce the perfect required market research study for our clients.

Contact Us:

Hector Costello
Senior Manager – Client Engagements
4144N Central Expressway,
Suite 600, Dallas,
Texas – 75204, U.S.A.
Phone No.: +1 (972)-362-8199; +91 895 659 5155