AIR & WATER

MONITORING NEWSLETTER  

July 2012
No. 393

 

Global Chemical Sensor Market to Reach $17.28 Billion by 2015

New product innovations have created considerable growth opportunities in the sensor market. The medical sensor market is the fastest growing end-use segment for chemical sensors and seems to hold the greatest potential for profit. Advances in the medical and diagnostic test market along with the increased use of chemical sensors for large-scale industrial and environmental projects have driven the market for chemical sensors. The demand for sensors will be fuelled by newer applications for established sensor products, including optical sensors, which are currently a hot product for generating revenue.

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