The Gas Sensors Market is expected to grow from USD 655.5 million in 2020 to USD 883.6 million by 2026 at a CAGR of 5.1% from 2020 to 2026.
A gas sensor is a type device which detects the existence or concentration of gases in the atmosphere or environment. Based on the presence of gases in the environment, the gas sensor exhibits a change in resistance of the material used in the sensor, which in turn is utilized to measure output voltage. Based on this change in voltage value, the type and presence of gas is detected. Gas sensors can detect variable compounds such as gases and air quality. The factors accelerating the global gas sensors market are escalating demand for gas sensors in the end-user industries such as pharmaceuticals, mining, chemical, healthcare, oil & gas and power for detecting and monitoring the concentration of combustible and toxic gases. These sensors are used to detect several gases such as carbon dioxide, oxygen, carbon monoxide, hydrogen sulfide, ammonia and hydrocarbons released into the air by these critical industries. Extreme emissions of these harmful gases in the air harm human health. Surging demand for preventing gas harmful events and detecting harmful gases in the environment around the world has accelerated the market growth. Also, the increasing demand for oxygen gas during the COVID-19 pandemic to offer oxygen to the infected patients around the world has driven the gas sensors market growth. For instance, gas sensors are highly used in the oxygen concentrator plant to prevent leakages and allow safe oxygen forming. Various leading players in developing countries plan to install new oxygen plants to meet the global oxygen gas demand needs for the COVID-19 infected patients. On the other hand, the development of new and innovative gas sensors is time consuming process which is restraining the market.
Furthermore, in smart cities, IoT based wireless gas sensors can be adopted to detect pollution levels in air and preemptive fire conditions and to monitor the combustion of gases, among other purposes. With the IoT gas sensors air quality information can be collected thoroughly, analyzed, and shared on a real-time basis, which will subsequently contribute to healthier smart cities. Moreover, the aggressive investments in smart city projects across the world will bode well for the growth of the market since the air quality equipment are integrated with a several smart pole. Furthermore, the strict laws and regulations promoting the deployment of gas detectors are projected to propel the growth of the market over the forecast period.
The global Gas Sensors Market is segregated on the basis of Technology as Infrared Gas Sensors, Photo Ionization Sensors, Electrochemical Gas Sensors, Thermal Conductivity Gas Sensors, Metal oxide-based gas sensor, Catalytic Gas Sensor and others. Based on Gas Type the global Gas Sensors Market is segmented in Carbon Monoxide, Methane, Hydrogen, Ammonia, Oxygen and Others. Based on End Use the global Gas Sensors Market is segmented in Defense & military, Healthcare, Consumer Electronics, Automotive & Transportation, Industrial and Others.
The global Gas Sensors Market report provides geographic analysis covering regions, such as Europe, North America, Asia Pacific, and Rest of The World. The Gas Sensors Market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Analysis
Figaro Engineering Inc., City Technology Ltd, Honeywell Analytics, Membrapor, AMS AG and others are among the major players in the global Gas Sensors Market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.
The global Gas Sensors Market has been segmented as below:
Gas Sensors Market, By Technology
Gas Sensors Market, By Gas Type
Gas Sensors Market, By End Use
Gas Sensors Market, By Region
Gas Sensors Market, By Company
The report covers the below scope:
The years considered for the study are as follows:
Report Scope:
The global Gas Sensors Market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Gas Sensors Market share. Major industry players with significant revenue share include Figaro Engineering Inc., City Technology Ltd, Honeywell Analytics, Membrapor, AMS AG and others.
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1. Introduction
1.1. Key Points
1.2. Report Description
1.3. Markets Covered
1.4. Stakeholders
2. Research Methodology
2.1. Research Scope
2.2. Research Methodology
2.2.1. Market Research Process
2.2.2. Research Methodology
2.2.2.1. Secondary Research
2.2.2.2. Primary Research
2.2.2.3. Models for Estimation
2.3. Market Size Estimation
2.3.1. Bottom-Up Approach
2.3.2. Top-Down Approach
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Drivers
4.3. Restraints
4.4. Opportunities
4.5. Challenges
5. Gas Sensors Market, By Technology
5.1. Key Points
5.2. Infrared Gas Sensors
5.3. Photo Ionization Sensors
5.4. Electrochemical Gas Sensors
5.5. Thermal Conductivity Gas Sensors
5.6. Metal oxide-based gas sensor
5.7. Catalytic Gas Sensor
5.8. others
6. Gas Sensors Market, By Gas Type
6.1. Key Points
6.2. Carbon Monoxide
6.3. Methane
6.4. Hydrogen
6.5. Ammonia
6.6. Oxygen
6.7. Others
7. Gas Sensors Market, By End Use
7.1. Key Points
7.2. Defense & military
7.3. Healthcare
7.4. Consumer Electronics
7.5. Automotive & Transportation
7.6. Industrial
7.7. Others
8. Competitive Landscape
8.1. Introduction
8.2. Start-up companies- Gas Sensors Market
8.3. Recent Developments
8.3.1. Mergers & Acquisitions
8.3.2. New Product Developments
8.3.3. Portfolio/Production Capacity Expansions
8.3.4. Joint Ventures, Collaborations, Partnerships & Agreements
8.3.5. Others
9. Company Profile
9.1. Figaro Engineering Inc.
9.2. City Technology Ltd
9.3. Honeywell Analytics
9.4. Membrapor
9.5. AMS AG
9.6. Alphasense
9.7. Dynament
9.8. MSA
9.9. Sensirion AG.
9.10. Amphenol Corporation
9.11. ABB
9.12. Figaro Engineering Inc.
9.13. Nemoto & Co. Ltd.
9.14. Robert Bosch LL
9.15. Siemens
9.16. GfG Gas Detection UK Ltd.
9.17. FLIR Systems, Inc.
9.18. Trolex Ltd
Gas Sensors Market, By Technology
Gas Sensors Market, By Gas Type
Gas Sensors Market, By End Use
Gas Sensors Market, By Company