Electronic nose or e-nose is defined as a device that identifies the specific components odor. E-nose uses electronic sensing for comparisons, identification, qualifications and others.
New York, United States - August 1, 2018 /MarketersMedia/ —
“Electronic Nose (E-Nose) Market: Global Demand Analysis & Opportunity Outlook 2024”
The global electronic nose market is segmented into end users such as food and beverages industry, environmental monitoring, healthcare and others. Among these segments food and beverages industry segment is anticipated to flourish in the upcoming year. Electronic nose market is booming across the globe on the account of increasing health and security purpose or the detection of leakage of hazardous gases. Stringent regulations by regulatory bodies regarding safety and quality of the food are expected to inadvertently help in reducing the number of death due to the food borne diseases. For instance, the U.S. government enacted new law named Food Safety Modernization on January 4, 2011.
Global Electronic Nose Market is expected to flourish at a significant CAGR of 11.9% during the forecast period. Rising population, increasing disposable income and growing adoption of advance safety technology in environmental friendly and healthcare, are some of the key factors driving the growth of the electronic nose market. Moreover, the global electronic nose market is expected to showcase significant growth.
North America captured the largest market share in overall electronic nose market and is expected to continue its dominance over the forecast period. Rising food and beverages industry in the region is anticipated to aid the growth of the market. Further, increasing disposable income is expected to accelerate the growth of electronic nose market in the upcoming years. Asia Pacific and Europe electronic nose market is anticipated to witness lucrative growth during the forecast period. Moreover, Middle East is anticipated to grow at modest CAGR during the forecast period.
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Robust Growth of E-Nose Market
Increasing demand and production of food and beverages is expected to drive the market globally. Robust population growth coupled with rising per capita income is envisioned to showcase growth of the market. Moreover, rising health and security awareness along with growing usage of e-nose sensors for defense against leakage of hazardous gases are believed to be the dynamic factor behind the rapid growth of e-nose market across the globe. Further, increase in the adoption of these sensors by food and beverage industry for the detection of freshness and quality of food product is also envisioned to bolster the demand for e-nose sensors by the end 2024.
Rapid Urbanization
Rapid urbanization and escalating demand for e-nose from healthcare sector for the non-invasive diagnosis of the patient is projected to flourish the growth of e-nose market over the forecast period. Likely, rising sanitary measures taken by exporting countries to ensure the quality of product is expected to fuel the demand for e-nose sensor for the detection of goods. Apart from this, one of the key factors propelling the growth of e-nose market is the heavy adoption of these e-nose sensors for environmental monitoring purposes. In contrast high cost related with e-nose sensors is envisioned to dampen the growth of e-nose market during the forecast period. Moreover, large size of some e-nose sensors is also anticipated to hinder the growth of e-nose market globally.
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The report titled “Electronic Nose (E-Nose) Market: Global Demand Analysis & Opportunity Outlook 2024” delivers detailed overview of the global electronic nose market in terms of market segmentation by technology type, by end users and by region. Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
This report also provides the existing competitive scenario of some of the key players of the global electronic nose market market which includes company profiling of Alpha MOS, Odotech, E-nose Pty, The E-nose Company, Electronic Sensor technology, Scent Science Corporation, Airsense Analytics GmbH, Scentsational Technologies, and Scensive Technology. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global electronic nose market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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