Growing concerns about homeland security and environmental monitoring, as well as rapid industrialization in emerging economies, are expected to drive growth in the chemical sensor market. Furthermore, advances in the medical field have resulted in an increase in the use of chemical sensors in various medical devices such as wearable and implanted devices for patients, which is expected to be a major factor in the market's growth. Increasing government initiatives to promote environmental safety are also expected to drive global market growth during the forecast period. Chemical sensor demand is being driven by technological advancements in industries such as pharmaceutical, food and beverage, and chemical processing, among others.
The global Chemical Sensor Market was worth US$ 21,868.17 million in 2021 and is expected to be worth US$ 44,765.29 million by 2030, growing at an 8.5% CAGR between 2022 and 2030.
Leading Companies in the Chemical Sensor Industry:
1. ABB Group
ABB Ltd. is a multinational Swedish-Swiss corporation headquartered in Zürich, Switzerland. ASEA Brown Boveri was formed in 1988 when Sweden's Allmänna Svenska Elektriska Aktiebolaget and Switzerland's Brown, Boveri & Cie merged to form ASEA Brown Boveri, later abbreviated to ABB.
ABB introduces a smart sensor for hazardous areas.
2. Delphi Automotive PLC.
Aptiv PLC is a Dublin-based Irish-American automotive technology supplier. Aptiv arose from the now-defunct American company Delphi Automotive Systems, which was previously a division of General Motors.
Delphi Product and Service Solutions Introduces an Expanded North American Web Catalog.
3. The Bosch Group
Robert Bosch GmbH, stylized as BOSCH, is a German multinational engineering and technology company headquartered in Gerlingen, Germany. Robert Bosch Stiftung, a charitable organisation, owns 92% of Bosch.
Edge Impulse has announced the addition of Bosch Sensortec support for Edge ML sensing applications.
4. Emerson Electric, Co.
Emerson Electric Co. is a multinational corporation based in Ferguson, Missouri. The Fortune 500 firm manufactures products and offers engineering services to the industrial, commercial, and consumer markets. Emerson employs approximately 86,700 people and operates 170 manufacturing facilities.
Emerson Introduces a Full Suite of Digital Corrosion and Erosion Monitoring Solutions.
5. Denso Corporation
DENSO is a global automotive component manufacturer that provides advanced automotive technologies, systems, and products. We will fulfil our corporate social responsibility by developing groundbreaking products and technologies.
DENSO created a biosensor to detect SARS-CoV-2 and accelerate its development for practical use.
6. Halma plc
Halma plc is a British global group of safety equipment companies based in Amersham, England that manufactures products for hazard detection and life protection.
Halma develops technologies to address some of the world's most pressing issues. They saved lives and critical infrastructure and are now crucial in the fight against the coronavirus pandemic.
7. Siemens AG
Siemens AG is a German multinational conglomerate corporation headquartered in Munich and the largest industrial manufacturing company in Europe, with branch offices around the world.
Siemens Mobility Limited introduces an integrated real-time air quality monitoring system.
8. Honeywell International, Inc.
Honeywell International Inc., headquartered in Charlotte, North Carolina, is a publicly traded American multinational conglomerate. Aerospace, building technologies, performance materials and technologies, and safety and productivity solutions are its primary business lines.
Honeywell Launches Optical Caliper Sensor to Aid in Lithium Ion Battery Manufacturing.
*Definition: A chemical sensor is a device that converts a physical or chemical property of a specific analyte into a measurable signal proportional to the analyte concentration. It selectively recognises the analyte molecule by converting the response into an analytical electrical signal.
