Key Highlights
• Electrochemical sensors have been extensively employed in the identification of hazardous gases. Electrochemical sensors have proven to be useful in detecting poisonous gases whilst they are simple to build, affordable, and are susceptible to a broad spectrum of harmful gases. Electrochemical sensors can be utilised to study protein chains, precisely quantify particular odours, develop novel medications, and treat medical conditions. All of these options are viable. Furthermore, the detection method is simple and rapid. The main reason electrochemical sensors are a prominent area of research is that they are inexpensive and can potentially deployed with different technologies. Business evaluation and clinical study are two examples of electrochemical sensor applications. When a compound called analyte is present, electrochemical sensors, especially chemical sensors, deploy an electrode that serves as a transducer element. Modern electrochemical sensors can detect chemical, physical, or biological factors using a range of attributes. Environmental sensors, health and instrumentation sensors, and sensors used in machines such as automobiles, aircraft, mobile phones, and technology media are only a few examples.
• The worldwide Electrochemical Sensors Market was valued at USD 17.22 billion in 2022 that is expected to reach approximately USD 32.56 billion by 2032, evolving at a CAGR of 6.96% between 2023 to 2032.
• Aug’22 - Thermo Fisher Scientific has established the Centre of Excellence of DNA Forensics in India in technical partnership with the National Forensic Sciences University (NFSU). The facility has been outfitted with the whole Sequencing workflow, including advanced extracting technologies, real-time PCR equipment, DNA sequencers/ genetic analytical instruments, next-generation sequencers, and quick DNA technologies from Thermo Fisher Scientific. Electrochemical DNA/RNA sensors that are versatile are a viable methodological alternative for PCR-based diagnosis.
• A greater emphasis on the safety of risky areas has resulted from an increase in the number of detonations arising from the extreme environments of the manufacturing as well as chemical industries due to the prevalence of toxic or combustible gases, prompting an increased emphasis on an explosion mitigation through incorporated surveillance throughout the potentially hazardous locations of these downstream industries in order in pursuit of a more secure working atmosphere. Electrochemical sensors are also frequently employed for confirming the presence of oxygen at percent of volume (% vol) levels and hazardous gases at ppm (parts per million) levels.
Scope of the Industry Profile
Key Players
• Thermo Fisher Scientific, Inc.
• MSA Safety
• Emerson Electric Co.
• Conductive Technologies Inc.
• Delphian Corporation
• SGX Sensortech Ltd
• Ametek Inc.
• Figaro USA Inc.
• Dragerwerk AG
• MembraporAG
• Alphasense
• City Technology
• Figaro
• Draeger
• Winsen
• Dart
• General Electric
Segmentation
By Technology
• Conductometric Sensors
• Potentiometric Sensors
• Amperometric Sensors
By Sensor Type
• Humidity sensor
• Nitrogen oxide sensor
• Hydrogen sulphide gas sensor
• Sulphur dioxide sensor
• Other Sensors
By End-User
• Oil & Gas
• Chemical & Petrochemicals
• Mining
• Environmental
• Healthcare & Pharmaceuticals
• Biotechnology
• Automotive
• Food & Beverage
• Other End Users
What To Expect from Industry Profile
1. Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the Electrochemical Sensors market in the world.
2. Use the PORTER’s Five Forces analysis to determine the competitive intensity and therefore market attractiveness of the global Electrochemical Sensors market.
3. Leading company profiles reveal details of key Electrochemical Sensors market players’ global operations, strategies, financial performance & their recent developments.
4. Add weight to presentations and pitches by understanding the future growth prospects of the Global Electrochemical Sensors market with forecast for decade by both market share (%) & revenue (USD Million).
Recent Developments
• Feb’22 - Thermo Fischer Scientific with Moderna have collaborated to enable specialised large-scale manufacturing of Spikevax, Moderna's COVID-19 vaccine, and additional investigational mRNA therapies in the pipeline in the United States. Moderna has teamed with Thermo Fisher to provide clinical research as well as contract manufacturing services to assist the development pipeline.
• July’22 - Scientists from the Suzhou Institute of Biomedical Engineering & Technology (SIBET) declared the development of a novel electrochemical/fluorescent dual-mode biosensor for circulatory tumour DNA based on methylene blue and red-emissive carbon nanodots.
• Sept’20 - Medtronic's MiniMed 770G hybrid closed-loop technology has been approved by the Food and Drug Administration of the United States (FDA). This latest insulin pump system offers the most advanced SmartGuard technology supplied by the company, which features inside the MiniMed 670G system, as well as connectivity for smartphones and a more thorough age indicator down to the age of two.
Segment Insights
• Based on end-user insights, the healthcare and pharmaceutical industry has the biggest market share. Because of a growing need for point-of-care applications such as self-monitoring blood glucose metres, electrochemical sensing technology has proliferated in bio-sensors.
• Based on sensor type, The sensor for humidity is expected to have the biggest market share in 2022. Many countries possess poor air quality, particularly in urban areas, as a result of the rising industrial world. sulphur oxides, Nitrogen oxides, hydrogen sulphide, and numerous other volatile organic compounds are the primary causes of air pollution, endangering human health. In the chemical, oil and gas, and other industries, hydrogen sulphide gas detector & sulphur dioxide sensors are the fastest growing. Explosion prevention is becoming more important in the volatile regions of the production and chemical sectors.
• Potentiometric sensors have a sizable market share. The demand for modern diagnostic tools, combined with advancements in microfabrication processes, has resulted in the development of sensitive, focussed, and effective electrochemical sensors in clinical evaluation. Because of increasing requirements for point-of-care applications such as self-monitoring blood glucose metres, the development of bio-sensors based on electrochemical technology for sensing has accelerated.
Regional Insights
• As a result of its advanced research industries, North America has the biggest market share. The region's massive demand is mostly the result of increased R&D activities across the biomedical, automobiles, architectural robotics, and other sectors. This substantial share of the market is a result of large-scale domestic production, government funding for cutting-edge innovations, and information technology innovation. Furthermore, the market could be affected directly by future growth in the smart-city sector in North America as the region transforms from early adoption to mass adoption of energy-efficient and conservation-related technologies.
• Over the projection period, Asia Pacific will continue to be the fastest-growing region. The growth of this market might be attributed to an increase in sensing demand across a variety of end-use sectors.
1 INTRODUCTION
1.1 Study Objectives
1.2 Market Definitions
1.2.1 Inclusions & Exclusions
1.2.2 Region: Inclusions & Exclusions
1.2.3 Study Scope
1.2.3.1 Markets Covered
1.2.3.2 Regional Scope
1.2.3.3 Years Considered
1.2.4 Currency Considered
1.2.5 Limitations
1.2.6 Summary Of Report (Chapter Wise Summary)
2 RESEARCH METHODOLOGY
2.1 Research Data
2.1.1 Secondary & Primary Research
2.1.2 Secondary Data
2.1.2.1 Secondary Sources
2.1.3 Primary Data
2.1.3.1 Primary Sources
2.2 Market Breakdown & Data Triangulation
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Research Assumptions & Limitations
2.4.1 Assumptions
2.4.2 Limitations
3 EXECUTIVE SUMMARY
4 ACROSS THE GLOBE
4.1 Upcoming Attractive Market Opportunities
4.2 Country Wise Market Growth
4.3 Segment Wise Market Growth
5 MARKET OVERVIEW
5.1 Market Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.2 Restraints
5.2.3 Opportunities
5.2.4 Challenges
5.3 PORTOR’S Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Suppliers
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
5.4 Market Premium insights (Enterprise license)
5.4.1 Case Study Analysis
5.4.2 Country Wise Import & Export Data (If
Applicable)
5.4.3 Regulatory Bodies & Authorization
Across the Globe
5.4.4 Key Conferences & Events: 2022 &
2023
5.4.5 Top Patents for The Market: 2022
6 ELECTROCHEMICAL SENSORS MARKET
OVERVIEW, BY TECHNOLOGY
6.1 Global Market Revenue & Share Analysis, By Technology
6.1.1 Conductometric Sensors
6.1.2 Potentiometric Sensors
6.1.3 Amperometric Sensors
6.2 Global Market Revenue & Share Analysis, 2018 – 2022
6.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
6.4 Key Takeaways
7 ELECTROCHEMICAL SENSORS MARKET
OVERVIEW, BY SENSOR TYPE
7.1 Global Market Revenue & Share Analysis, By Sensor Type
7.1.1 Humidity sensor
7.1.2 Nitrogen oxide sensor
7.1.3 Hydrogen sulphide gas sensor
7.1.4 Sulphur dioxide sensor
7.1.5 Other Sensors
7.2 Global Market Revenue & Share Analysis, 2018 – 2022
7.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
7.4 Key Takeaways
8 ELECTROCHEMICAL SENSORS MARKET
OVERVIEW, BY END-USER
8.1 Global Market Revenue & Share Analysis, By End-User
8.1.1 Oil & Gas
8.1.2 Chemical & Petrochemicals
8.1.3 Mining
8.1.4 Environmental
8.1.5 Healthcare & Pharmaceuticals
8.1.6 Biotechnology
8.1.7 Automotive
8.1.8 Food & Beverage
8.1.9 Other End Users
8.2 Global Market Revenue & Share Analysis, 2018 – 2022
8.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
8.4 Key Takeaways
9 ELECTROCHEMICAL SENSORS MARKET
OVERVIEW, BY REGION
9.1 Global Market Revenue & Share Analysis, By Region
9.1.1 North America
9.1.2 Europe
9.1.3 Asia Pacific
9.1.4 Middle East & Africa
9.1.5 South America
9.2 Global Market Revenue & Share Analysis, 2018 – 2022
9.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
9.4 Key Takeaways
10 NORTH AMERICA MARKET
ANALYSIS
10.1 North America Market Revenue & Share Analysis, By
Technology
10.2 North America Market Revenue & Share Analysis, By Sensor
Type
10.3 North America Market Revenue & Share Analysis, By End-User
10.4 North America Market Revenue & Share Analysis, By Country
10.4.1 US
10.4.2 Canada
10.4.3 Mexico
10.5 Key Takeaways
11 EUROPE MARKET ANALYSIS
11.1 Europe Market Revenue & Share Analysis, By Technology
11.2 Europe Market Revenue & Share Analysis, By Sensor Type
11.3 Europe Market Revenue & Share Analysis, By End-User
11.4 Europe Market Revenue & Share Analysis, By Country
11.4.1 UK
11.4.2 Italy
11.4.3 Spain
11.4.4 Germany
11.4.5 France
11.4.6 Rest of Europe
11.5 Key Takeaways
12 ASIA PACIFIC MARKET ANALYSIS
12.1 APAC Market Revenue & Share Analysis, By Technology
12.2 APAC Market Revenue & Share Analysis, By Sensor Type
12.3 APAC Market Revenue & Share Analysis, By End-User
12.4 APAC Market Revenue & Share Analysis, By Country
12.4.1 China
12.4.2 Japan
12.4.3 India
12.4.4 South Korea
12.4.5 Rest of APAC
12.5 Key Takeaways
13 MIDDLE EAST & AFRICA MARKET
ANALYSIS
13.1 MEA Market Revenue & Share Analysis, By Technology
13.2 MEA Market Revenue & Share Analysis, By Sensor Type
13.3 MEA Market Revenue & Share Analysis, By End-User
13.4 MEA Market Revenue & Share Analysis, By Country
13.4.1 GCC
13.4.2 South Africa
13.4.3 Rest of MEA
13.5 Key Takeaways
14 SOUTH AMERICA MARKET ANALYSIS
14.1 SA Market Revenue & Share Analysis, By Technology
14.2 SA Market Revenue & Share Analysis, By Sensor Type
14.3 SA Market Revenue & Share Analysis, By End-User
14.4 SA Market Revenue & Share Analysis, By Country
14.4.1 Brazil
14.4.2 Argentina
14.4.3 Rest of SA
14.5 Key Takeaways
15 COMPETITIVE SCENARIO
15.1 Overview
15.2 Key Players Market Share Analysis
15.3 Recent Developments & Product Launches
15.4 Mergers & Acquisitions
15.5 Partnerships, Agreements & Collaborations
16 COMPANY PROFILES
16.1 Overview
16.2 Key players
16.2.1 Thermo Fisher Scientific, Inc.
16.2.1.1 Business Overview
16.2.1.2 Products Offered
16.2.1.3 Financial Insights
16.2.1.4 Strategic Developments
16.2.1.4.1 New Product Launches
16.2.1.4.2 Agreements & Collaborations
16.2.1.5 Business Aspects (NOISE Analysis)
16.2.1.5.1 Key Strengths
16.2.1.5.2 Opportunities
16.2.1.5.3 Weaknesses & Competitive Threats
16.2.1.5.4 Needs & Improvements
16.2.2 MSA Safety
16.2.3 Emerson Electric Co.
16.2.4 Conductive Technologies Inc.
16.2.5 Delphian Corporation
16.2.6 SGX Sensortech Ltd
16.2.7 Ametek Inc.
16.2.8 Figaro USA Inc.
16.2.9 Dragerwerk AG
16.2.10 MembraporAG
17 DISCLAIMER
18 APPENDIX
