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Download Free sampleThe global Zirconia Oxygen Sensors market was valued at 679.24 Million USD in 2021 and will grow with a CAGR of 2.1% from 2021 to 2027, based on HNY Research newly published report.
The prime objective of Zirconia Oxygen Sensors Market is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, Zirconia Oxygen Sensors Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
Zirconia oxygen sensors are comprised of a zirconium-dioxide-based solid electrolyte. Zirconia oxygen sensors have unique characteristics, such as fast operational readiness, temperature resistance, not sensitive to hydraulic shock, etc. It is used extensively to monitor the air-to-fuel ratio of internal combustion engines. Chinese zirconia oxygen sensors industry has developed into a national industry with certain research and production capacity, industry product mix has gradually improved, currently China has become international zirconia oxygen sensors large manufacture country. In 2015, the production of zirconia oxygen sensors in China achieved 67991 K Pcs, which account for about 22.68% market share. In addition, the import tax rate of auto parts is 10%, which is much lower than that of the 25% for the entire vehicle in China. This policy promotes the import of auto parts instead of import the entire vehicle. With the rapid growth of the national economy as well as the rapid development of downstream industries, Chinese zirconia oxygen sensors market demand is exuberant; provide a good opportunity for the development of zirconia oxygen sensors market and technology. Along with the development of Chinese domestic equipment, Chinese domestic equipment will be very mature and advanced, and the performance distance will be shortening compared with the imported equipment.
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