U.S. Demand for Chemical Sensors

Demand for chemical sensors in the U.S. is projected to grow at 8.6% per year from $2.27 billion in 2001 to $3.44 billion 2006, according to a recent study, ''Chemical sensors: Liquid, Gas & Biosensors,'' by the Freedonia Group Inc. (Cleveland, O.).

08/23/2002



U.S. Demand for Chemical Sensors
(in millions of $)

1992

2001

%growth
'92-'01

2006

%growth
'01-'06

Biosensors

$360

$1,455

16.8%

$2,300

9.6%

Electro-chemical sensors

$250

$620

10.6%

$2,300

5.6%

Optical sensors

$29

$103

15.1%

$181

11.9%

Other

$51

$97

7.4%

$144

8.2%

Total ($)

$690

$2,275

14.2%

$3,440

8.6%

Total (units in millions)

28

91

14.0%

146

9.9%

Source: Control Engineering with data from the Freedonia Group Inc., www.freedoniagroup.com

Demand for chemical sensors in the U.S. is projected to grow at 8.6% per year from $2.27 billion in 2001 to $3.44 billion 2006, according to a recent study, ''Chemical sensors: Liquid, Gas & Biosensors,'' by the Freedonia Group Inc. (Cleveland, O). The study found that three trends are driving this increase: new applications for established sensor products; falling prices for high-performance and/or novel sensor types; and product innovations caused by increasing use of microfabrication and other sophisticated manufacturing techniques.





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