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