Global Solid Chemical Sensors Market – Industry Trends and Forecast to 2029

Global Solid Chemical Sensors Market, By Technology (Electromechanical, Biochemical, Electrical, Thermometric and Others), End User (Healthcare and Life Sciences, Oil & Gas, Energy and Power, Industrial, Automotive, Military and Defence, Agriculture and Others) – Industry Trends and Forecast to 2029.

Solid Chemical Sensors Market Analysis and Size

With rising pollution and environmental regulations, chemical sensors are becoming increasingly important in determining pollutant levels in the environment. The introduction of stringent government standards for air and water quality management boosts market growth. Furthermore, they are widely used in Nano and micro technology processes in research laboratories and healthcare operations. The evolution of smart IoT sensors for various applications, as well as improved specifications, accelerate market growth.

Data Bridge Market Research analyses that the solid chemical sensors market which was growing at a value of 19.25 billion in 2021 and is expected to reach the value of USD 33.32 billion by 2029, at a CAGR of 7.10% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Solid Chemical Sensors Market Scope and Segmentation

Market Definition

Chemical sensors are devices and instruments used to detect the presence, concentration, and quantity of an analyte. Any molecule or element that is examined under a chemical condition is referred to as an analyte. The sensors convert chemical information into analytical signals and provide real-time data about a sample. The chemical information also indicates that the sample contains multiple chemical species. They can trace microorganisms as well as chemical species by using bio-compounds with membrane components or nucleic acid similar to the sensor.

Global Solid Chemical Sensors Market Dynamics

Drivers

• Strict regulations by governing authorities

Rapid industrialization, especially in emerging markets, has resulted in increased amounts of industrial waste entering water bodies. The increasing volume of industrial wastewaters has compelled governments to impose stricter regulations on the discharge of effluents into bodies of water. Chemical sensors can operate in extreme weather conditions and are compatible with a wide range of sensors, boosting market growth. The increasing demand for industrial water presents growth opportunities for chemical sensor market participants. Monitoring groundwater or surface water allows industrialists to determine the level of treatment required to achieve a specific water quality. The chemical sensors' accurate results and faster speed drive market growth.

• Manufacturers efforts on developing advance sensors

The increasing complexity of manufacturing processes has increased the demand for advanced technologies to simplify operations and reduce costs. In line with this, key players are focusing their efforts on developing sensors that are compatible with cutting-edge technology. The Internet of Things (IoT) is having a positive impact on chemical sensor manufacturing. The key players' IoT integrated chemical sensors can easily monitor liquid chemicals and can be customised based on the applications.

The demand for advanced chemical sensors is increasing because they offer quick replacements and no maintenance costs. Furthermore, because the hardware is reusable, they have lower ownership costs and contribute to a lower environmental footprint.

Opportunity

• High adoption from various industries

These chemical-based sensors are demonstrating their obvious role for chemical analyses in the chemical industrial process and are expected to boost the business. Sensors are being used as innovative tools in the defence sector, healthcare operations, and research labs, which is driving the business potential to foster the burgeoning demand.

Restraints

• Sensitivity and reversibility issues

The global solid chemical sensors market is restrained by the sensitivity and reversibility features associated with solid state chemical sensors, as well as their life span. The challenges for the global solid chemical sensors market are the handling and security of big data generated by sensors, as well as issues related to their stability.

This solid chemical sensors market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the solid chemical sensors market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Solid Chemical Sensors Market

The COVID-19 pandemic has sped up the development of many industries, including automobiles, oil and gas, and others. The adoption of chemical-based sensors is most prevalent in the oil and gas industry. Because of the COVID-19 pandemic, many current and upcoming projects in the oil and gas industry are facing challenges in terms of project planning and execution, resulting in a reduction in the contribution of these chemical-based sensors. Apart from automotive and oil and gas, many other industries around the world, such as chemical and mining, have seen production halts in almost all countries. This is expected to reduce demand for chemical-based sensors and have a negative impact on business growth.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Developments

• In February 2020 Halma Plc acquired Sensit Technologies, LLC to improve the company's gas detection capabilities.
• In December 2019 Emerson Electric Co. introduced a new magnetic slurry sensor and transmitter for high noise applications in the oil and gas, pulp and paper, and mining industries.
• In September 2019 Denso Corporation expanded the manufacturing facility of Denso Hokkaido Corporation to increase the production of semiconductor sensors and other domestic systems.

Global Solid Chemical Sensors Market Scope

The solid chemical sensors market is segmented on the basis of technology and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Technology

• Electromechanical
• Biochemical
• Electrical
• Thermometric
• Others

End users

• Healthcare and Life Sciences
• Oil & Gas
• Energy and Power
• Industrial
• Automotive
• Military and Defence
• Agriculture
• Others

Solid Chemical Sensors Market Regional Analysis/Insights

The solid chemical sensors market is analysed and market size insights and trends are provided by country, technology and end user as referenced above.

The countries covered in the solid chemical sensors market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Europe dominates the solid chemical sensors market due to the presence of a robust food and beverage sector as well as key market players. Chemical sensors are being installed by businesses to ensure food safety and compliance with regulations.

Asia-Pacific is expected to have a steady growth in the solid chemical sensors market because of rapid industrialization and rising healthcare and automotive sectors. Market growth is being driven by the emergence of biological sensors for healthcare applications. Because of the rapid growth in the healthcare sector, China and India are the market leaders in the Asian chemical sensors market.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Solid Chemical Sensors Market Share Analysis

The solid chemical sensors market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to solid chemical sensors market.

Some of the major players operating in the solid chemical sensors market are:

• Texas Instruments Incorporated (U.S.)
• Panasonic Corporation (Japan)
• Siemens (Germany)
• Honeywell International Inc. (U.S.)
• ABB (Switzerland)
• Analog Devices, Inc. (U.S.)
• General Electric Company (U.S.)
• Kongsberg (Norway)
• Emerson Electric Co. (U.S.)
• STMicroelectronics (Switzerland)
• Microchip Technology Inc. (U.S)
• NXP Semiconductors (Netherland)
• Maxim Integrated (U.S.)
• Mouser Electronics, Inc. (U.S.)
• Robert Bosch GmbH (Germany)
• TE Connectivity (Switzerland)
• OMEGA Engineering Inc. (U.S.)
• Semiconductor Components Industries, LLC (U.S.)
• Endress+Hauser Hauser Group Services AG (Switzerland)
• Amphenol Corporation (U.S)