Electrochemical sensor, which is made up of reference electrode and measuring electrode, is used to measure gas concentration by oxidizing it at an electrode. it is one of the widely used sensing method to detect concentration of oxygen and others harmful gases such as carbon monoxide and hydrogen sulfide. Emergence of intelligent electrochemical sensors, which is capable in converting the obtained information from electrochemical reactions into numerical signals, further provide lucrative opportunity for manufacturers to cash on.According to AMA, the market for Electrochemical Sensor is expected to register a CAGR of 11.6% during the forecast period to 2024. This growth is primarily driven by Growing Need to Secure Hazardous Locations Amid Increasing Number of Explosions and Increasing Government Regulations such as Control of Substances Hazardous to Health (COSHH), and Occupational Safety and Health Administration Towards Explosion Prevention.
Globally, a noticeable market trend is evident Increasing Use of Electrochemical Sensors in Clinical Analyses
. Major Players, such as Delphi (Ireland), Emerson Electric (United States), Mine Safety Appliances (United States), Siemens (Germany), Honeywell Analytics (United Kingdom), Rae Systems (United States), Teledyne Monitor Labs (United States), Thermo Fisher Scientific (United States), Smiths Detection (United Kingdom) and GE (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
- Growing Need to Secure Hazardous Locations Amid Increasing Number of Explosions
- Increasing Government Regulations such as Control of Substances Hazardous to Health (COSHH), and Occupational Safety and Health Administration Towards Explosion Prevention
- Increasing Use of Electrochemical Sensors in Clinical Analyses
- Growing Need to Improve Sensitivity, and Bio-compatibility of Electrochemical sensors
- Rising Adoption of Intelligent Electrochemical Sensors in Oil and Gas and Healthcare Sectors
- Narrow or Limited Temperature Range of Electrochemical Sensor Limits Its Applications
- Limited Shelf-life of Electrochemical Sensor
Growing Automotive Market in Emerging Countries Such as China and India
Chances of False Readings Owing to Cross-sensitivity of Other Gases
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