Gas sensors are sensing devices that are used to detect presence of a particular gas in a given area. These devices measure and indicate the concentration of certain gases in given air through different technologies. Some of the most popular gas sensor technologies include electrochemical, catalytic, semiconductor, solid-state/metal oxide semiconductor (MOS), infrared and others. Typically,gas sensors are deployed to prevent exposure to toxic and fire.Thus, industrial manufacturing, oil & gas, chemical processing are the largest consumers for gas sensors.
Gas sensors are manufactured as portable (mobile) as well as stationary (fixed) units, and hence can be easily deployed on desired locations. Gas sensors notify increase in concentration of gases through audible or visible indicators such as sound alarms, lights or combination. Gas sensors are usually designed to detect a specific gas. Nevertheless, over the period of time, multi-gas sensing devices have come into existence that are designed for detecting several gases at a time. Due to continued efforts for developing advanced and compact gas sensors, the market is estimated to witness steady growth in the coming years.
The most significant factor fueling the gas sensors market is the ever-rising expansion of industrial sector worldwide. Due to rising number of oil & gas and chemical processing plants, the demand for gas sensors is estimated to remain strong throughout the forecast period. In addition, rising automotive industry worldwide is another major factor fueling the market growth. Increasing environmental concerns regarding air quality is expected to significantly bolster the market growth during the forecast period.
The report titled “Global Gas Sensors Market- Growth, Share, Opportunities and Competitive Analysis, 2023 – 2030” offers strategic insights into the global gas sensorsmarket along with the market size and estimates for the duration 2020 to 2030. Further, the said research study covers in-depth analysis of multiple market segments based on technology, vehicle classand cross-sectional study across different geographies and sub-geographies. The study covers the comparative analysis of different segments for the years 2021 & 2030. The report also provides a prolific view on market dynamics such as market drivers, restraints and opportunities. In addition, the report covers a section providing analysis on impact of market drivers and restraints over the forecast period.
In order to help strategic decision makers, the report covers section wherein the most attractive segments of the market have been analyzed and discussed. The report also includes competitive profiling of the leading gas sensorsmanufacturers, their SCOT (Strength, Challenges, Opportunities and Weaknesses) analysis, market positioning and key developments. Some of the major players profiled in the report are City Technology Ltd., Alphasense, Membrapor AG, Dynament Ltd., Figaro Engineering, Inc., Draegerwerk AG, Robert BoschGmbH Nemoto& Co., Ltd., Aeroqual Ltd., Yokogawa Electric Corporation, Siemens AG, ABB Ltd., NGK Insulators Ltd. and others. The report also provides an overview of major strategies adopted by the leading players recognized in the market.
As of 2021, the overall gas sensors market, on the basis of products (gases), is dominated by CO2 and CO segments. In 2021, the segment collectively contributed to more than 40% of the total revenue generated worldwide. The demand for CO2 and CO sensors is majorly driven due to rising efforts for reducing carbon emission in atmosphere. Thus, the segments are estimated to remain dominant in the market throughout the forecast period.
The CO2 and CO segments are followed, in terms of revenue, by the oxygen gas sensors segment. Other major segments of the market include hydrogen sulfide, hydrocarbons and nitrogen oxide gas sensor segments. Amongst these, nitrogen sulfide and oxygen segments are projected to register the highest growth rate in the market during the forecast period.
Electrochemical and semiconductor gas sensors are the most popular segments collectively accounting for over forty percent of the total revenue generated worldwide. Electrochemical gas sensors are used for detecting hazardous gases such as carbon monoxide (CO) and hydrogen sulfide (H2S) among others. These are highly cost effective and offer fairly high lifespan of upto 3 years. Subsequently, the electrochemical gas sensors segment is estimated to remain dominant in the market throughout the forecast period.
Semiconductor gas sensors offer simple design and are fairly cost-effective. In addition, they can be easily designed as per the application. Subsequently, the segment is estimated to continue witnessing strong growth during the forecast period. Nevertheless, the infrared gas sensors segment is estimated to register the highest growth during the forecast period. The high anticipated growth is majorly due to their superior advantages over conventional sensor technologies such as electrochemical and catalytic gas sensors.
As of 2021, the gas sensors market worldwide is dominated by the Asia Pacific region. The segment contributed to over one third of the total revenue generated worldwide, in 2021. The most significant factor contributing to the large revenue share is strong manufacturing and chemical processing industry in the region. The market here is majorly backed by countries such as China, Japan, Taiwan, South Korea and India due to their strong industrial sector.Due to steady anticipated industrial sector in the region, Asia Pacific is projected to retain its dominant position in the market throughout the forecast period.
Asia Pacific is closely followed by Europe, in terms of revenue and penetration, in the overall gas sensors market. Germany is among the largest markets for gas sensors across the region, majorly due to strong electronics, automotive and chemical industry in the country. The market here is also driven by the existence of regulations for installing gas sensors across different end-use applications. Subsequently, the Europe gas sensors market is projected to continue witnessing strong growth during the forecast period.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Gas Sensors market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
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| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
