According to a recent survey published by FMI, the global Odor Detection Equipment market is expected to grow at a healthy CAGR during the forecast period between 2018 and 2028. The objective of the report is to uncover micro and macro-economic factors accelerating the sales of Odor Detection Equipment over the coming decade.
The Arrival of Industry 4.0 Technology Will Open Up New Growth Opportunities for the Odour Detection Equipment Market
The industrial sector is changing as companies throughout the world place a greater emphasis on enhanced automation. This is commonly known as Industry 4.0.
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Manufacturing facilities are prioritising the use of novel technologies such as artificial intelligence, smart manufacturing, the internet of things (IoT), and machine learning, among others, with the arrival of Industry 4.0. This is expected to help the Odour Detection Equipment market.
Furthermore, rising government emphasis on improving the manufacturing sector and integrating augmented and virtual reality with smart equipment to increase output will drive market demand in the coming years.
Key Odor Detection Equipment Market Takeaways and Projections
- The U.S. is estimated dominate the Odor Detection Equipment market in North America, accounting for the largest share in the region through 2022.
- Germany is projected to account for a significant share in the Europe market over the assessment period.
- China is forecast to hold the lion’s share the East Asia market, projecting the fastest growth in the region between 2018 and 2028
- India is anticipated to emerge as a highly remunerative market in South Asia, accounting for the largest sales during the forecast period.
Report Benefits & Key Questions Answered
- Odor Detection Equipment Historical Market Outlook: Future Market Insight’s analysis examines vital dynamics, such as drivers, opportunities and challenges. It studies their impact on the market over the previous assessment period 2016-2020. The report provides crucial insights to market players to capitalize on opportunities and counter challenges.
- Odor Detection Equipment Demand-Supply Assessment: A latest study published by FMI offers in-depth insights into governing factors facilitating the demand outlook of the Odor Detection Equipment market. As per the survey, Odor Detection Equipment sales will project steady growth over the forecast period.
- Odor Detection Equipment Consumption by Demographics: The report published by FMI provides consumption by demographics analysis to assist the market players in formulating their marketing strategies on the basis of purchasing power of the customers. It examines changes in consumer behavior and also studies its effect on the demand for Odor Detection Equipment.
- Odor Detection Equipment Market Trend Analysis: FMI’s market trend analysis provide detailed insights into current and upcoming trends in the industrial automation industries. It also assist the industry players to identify potentials trends to capitalize on them.
Competitive Landscape Analysis
Odor Detection Equipment Market: Market Participants
Examples of some of the market participants identified in the Odor Detection Equipment market include,
- Electronic Sensor Technology, Inc
- Shinyei Technology Co., Ltd.
- ACOEM Group (Ecotech)
- Olfasense GmbH
- AIRSENSE Analytics GmbH
- Kanomax USA, Inc.
- RubiX S&I SAS
- Envirosuite Limited (Odotech)
- New Cosmos Electric Co., Ltd.
- Aryballe Technologies
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Odor Detection Equipment Market: Segmentation
On the basis of technology type:
- Chemical Sensors
- Biosensors
- Gas Chromatography System
- Mass Spectrometers
- Differential Optical Absorption Spectrometers
- Hybrid Systems
On the basis of application:
- Real-time/On-site
- Laboratory/Off-site
On the basis of end use:
- Personal
- Commercial
- Industrial
- Research
- Government & Municipal
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru)
- Western Europe (Germany, Italy, France, U.K., Spain, BENELUX, Nordic, Eastern Europe)
- CIS and Russia
- Asia-Pacific (China, India, ASEAN, South Korea)
- Japan
- Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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