(EMAILWIRE.COM, May 28, 2023 ) As per Maximize Market research, the total global market for Infrared Gas Sensor Market was USD 200.67 Mn in 2022 and is expected to grow at a CAGR of 8.9 percent over the forecast period to reach USD 364.48 Mn by 2029.
Infrared Gas Sensor Market Report Scope and Research Methodology
The Infrared Gas Sensor Market report presents a detailed analysis using primary and secondary data to maintain the authenticity of the report. The report showed the future prospect and current market dynamics, scope, opportunities, restraints, and drivers of the Infrared Gas Sensor Market. The statistical data is deliberated by using a bottom-up approach.
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Infrared Gas Sensor Market Dynamics
The growing demand for gas sensors in vulnerable industries is expected to drive the Infrared Gas Sensor Market during the forecast period. Oil and chemical factories are increasingly adopting the Internet of Things (IoT) to reduce the threats of accidents. The use of IoT helps to optimize manufacturing and supply chain practices. This is expected to drive the Infrared Gas Sensor Industry. But the high cost of infrared gas sensors is expected to constrain the market growth.
Infrared Gas Sensor Market Regional Insights
North America dominated the Infrared Gas Sensor Market in 2022 since the governments initiatives regarding the safety and optimization of products in the oil and gas industry.
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Infrared Gas Sensor Market Segmentation:
By End User:
Defense and Military
Infrared Gas Sensor Key Players include:
Honeywell International Inc.
SGX Sensor tech
Figaro Engineering Inc.
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Maximize Market Research, a leading Electronics research firm has also published the following reports:
Digital Humidity Sensor Market– The market size is expected to reach USD 17.94 Bn by 2029 at a CAGR of 14.4 percent during the forecast period.
Odor Sensor Market– The market size is expected to reach USD 17.2 Bn by 2029 at a CAGR of 28 percent during the forecast period.
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