The global trace metal sensors market was valued at USD XX million in 2017 and is expected to reach USD XX million by 2025 growing at a Compound annual growth rate (CAGR) of XX% from 2018 to 2025. In the recent years, with the evolution of smelting, mining, and other industrial activities, trace metals are being found to an increasing extent in freshwater sources that can cause severe threats to the environment and human health. Pollution caused by trace metals such as Mn, Zn, Fe, Cd, Pb, and others not only hampers the productivity of crops, but also the standard of the water bodies as well as atmosphere and threatens the life and health of human beings and animals via the food chain. The wide use of trace metal sensors in food industries and water treatment plants is a key factor propelling the growth of the market. Further down, the impressive growth of food and beverages industries across the globe is further expected to augment the global trace metal sensor market in near future.
Bio-Sensor segment is estimated to witness significant growth
Major applications of trace metal sensors mentioned in the report include chemicals, food and catalysts, packaging and pharmaceuticals, crude oil petroleum, consumer products, and others. The global trace metal sensors market is segmented by type which includes bio-sensor, chemo-sensor, electrochemical sensor, piezoelectric sensor, three-electrode on-chip sensor, and others. Moreover, based on technology the market has been divided as atomic absorption spectroscopy (AAS), inductively coupled plasma mass spectrometry (ICP-MS), inductively coupled plasma/atomic emission spectrometry (ICP-AES), and others. The global trace metal sensors market has been moreover segmented geographically into North America, Europe, Asia-Pacific, Middle East, and Africa and Latin America.
Growing awareness among individuals regarding safety systems has raised the implementation of this sensor in various industries worldwide. Inductively coupled plasma optical emission spectroscopy (ICP-OES) and inductively coupled plasma mass spectrometry (ICP-MS) are well suited for the detection of trace metal content in water samples. In recent years, technological advancement made in the manufacturing of modern metal detectors has made use of microprocessors instead of integrated circuits or transistors. Moving forward, incorporation of nanostructures and nanomaterials into sensors conducts to significant improvement in the operation of devices in terms of selectivity, sensitivity, portability, and multiplexed detection capability. Among the different types of trace metal sensors, the bio-sensor finds a huge application for detection of heavy metals such as mercury, lead, and calcium in drinking water. This bio-sensor detection technology imparts a means of trace metal detection which is cost-effective, straightforward and offers detection that is both selective and sensitive. Moreover, as these sensors do not require highly skilled operators and expensive laboratory-based instrumentation, hence it is expected that this sensor type will have a high growth opportunity in the upcoming years.
Asia-Pacific holds the largest market share by region
The rising economic growth of emerging countries, such as South Korea, China, and India, is provoking the demand for trace or heavy metal sensors in the Asia-Pacific region. Moreover, the presence of a large number of food and packaging industries in this region and their growing adoption of these sensors makes Asia-Pacific the largest market of trace metal sensors, followed by North-America and Europe. A large number of trace metal sensor manufacturing companies present in countries like the United States and Canada, therefore, creates a huge demand and high growth opportunity for the North-America trace metal sensors market during the forecast period of 2018 to 2025.
However, the requirement of controlled laboratory operating environment and highly skilled operators are some of the key factors that may pose a threat towards the growth of the global trace metal market during the projection period.
Major Players in Global Trace Metal Sensors Market
Some of the major players in the global trace metal sensors market include Analyze, Intertek Group PLC, Nanoaffix, Giner Inc., Rockwell Automation, and others.
The global trace metal sensor market has been segmented into:
Global Trace Metal Sensor Market: by Technology
Global Trace Metal Sensor Market: by Type
Global Trace Metal Sensor Market: by Application
Global Trace Metal Sensor Market: By Geography