According to a new market report by Lucintel, the future of the global oxygen sensor market looks promising with opportunities in the automotive, chemical, healthcare, and industrial industries. The global oxygen sensor market is expected to grow with a CAGR of 6% from 2020 to 2025. The major growth drivers for this market are strict policies; regulations adopted by several developed countries across the globe, and significant growth in the automotive industry.
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In this market, zirconia, electrochemical, galvanic, infrared, and ultrasonic are the major types of oxygen sensors.
Within this market, the automotive segment is expected to witness the highest growth during the forecast period due to growth in automotive production.
Asia Pacific is expected to witness the highest growth during the forecast period due to growing number of oil reserve facilities and the petroleum sector in several countries of this region.
City Technology Ltd., Delphi Automotive, PLC, Eaton Corporation, Aeroqual Ltd, Control Instruments Corporation, ABB Ltd, and Figaro Engineering, Inc. are among the major manufacturers in the global oxygen sensor market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global oxygen sensor market by product type, end use industry, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global Oxygen Sensor Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data on the trends and forecast for the global oxygen sensor market by product type, end use industry, and region as follows:
By Product Type [$M shipment analysis for 2014 – 2025]:
Zirconia
Electrochemical
Galvanic
Infrared
Ultrasonic
By End Use Industry [$M shipment analysis for 2014 – 2025]:
Automotive
Chemical
Healthcare
Industrial
Others
By Region [$M shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
China
Japan
India
South Korea
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.