Published Date : Aug 08, 2016
ALBANY, NY, Aug 08, 2016: A new market research report has been added by MarketResearchReports.biz to its vast collection of research reports. The 61-page research study, titled “Global E-Nose Market 2016-2020,” provides an in-depth reports of the market, presenting insights into the key opportunities and current trends. Furthermore, the key geographical segments, the product portfolio of the key players, and drivers and challenges of the global e-nose market have been discussed in the research report. According to the research study, the global e-nose market is estimated to exhibit a 2.07% CAGR between 2016 and 2020.
The research report has made use of several analytical tools to determine the growth prospects of the market and guide new as well as existing players in making appropriate business decisions. To offer a clear understanding of the global e-nose market, the research report has presented insightful inputs and forecast statistics with the help of tables, charts, and infographics.
The capability of e-noses to perform non-invasive diagnostics and the growing demand from the food and beverages industry are projected to encourage the global e-nose market throughout the forecast period. In addition, the integration with smartphones and the rising use of e-noses in hazardous environments have generated several opportunities for the key players in the global e-nose market. However, the low efficiency of sensors, high cost, and the need for frequent calibration are estimated to hamper the growth of the market in the near future.
By end use, the global e-nose market has been categorized into the food and beverages, environment monitoring, and healthcare sectors. In 2015, the environment monitoring segment led, accounting for a 38% share in the overall e-nose market. The rapid growth of this segment can be attributed to the use of e-nose devices to identify industrial emissions. The operators of manufacturing plants can detect an odor problem with the help of e-noses. In addition, these devices can update the concerned operators immediately in case of odor problems by sending a text or an e-mail. Moreover, solid waste management and wastewater management are some of the other key applications of e-noses.
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By geography, the global e-nose market has been classified into the Americas, EMEA, and APAC. In 2015, EMEA accounted for a massive share in the global e-nose market and is projected to remain on the leading position throughout the forecast period. In EMEA, Europe contributed extensively towards the growth of the market. Moreover, Alpha MOS, a key player from France, has accelerated the growth of the market by creating awareness regarding the advantages of e-noses among the population.
The leading players operating in the global market for e-noses are Alpha MOS, Odotech, The eNose Company, and e-Nose Pty. Ltd. The global e-nose market is at a nascent stage with a limited number of players operating in the market. The key players are focusing on the research and development activities in order to provide mass-producible, low-cost, and portable e-noses in the next few years. In addition, several players are making efforts to expand their product catalog in order to strengthen their position in the market and gain a competitive advantage in the near future.
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