ID: MRFR/SEM/4013-CR | October 2020 | Region: Global | 142 pages
Global Gas Sensor Market is expected to grow at 8.66% CAGR, witnessing substantial growth during the forecast period. The market was valued at USD 1123.3 Million in 2019; it is expected to reach USD 1795.9 Million by 2025.
Gas sensors can detect a wide range of gases, such as toxic gases, flammable, and combustible gases. They are widely used by various industries such as transportation, food & beverage, metals, chemicals, power stations, and smart cities. The manufacturing of gas sensors by major players is dependent upon the rising demand from end users, stringent environmental regulations on the emission of toxic gases from manufacturing facilities, and rising pollution levels in several cities. In industrial hygiene is expected to create new opportunities for the manufacturers of gas sensors
North America accounted for the largest market value of USD 370.1 Million in 2019; the market is expected to register a CAGR of 8.0% during the forecast period.
Global Gas Sensor Market, By Technology (2018 Vs 2025)
Source: MRFR analysis
Based on technology, the market has been classified as electrochemical, solid state/metal oxide, semiconductor, infrared, others, catalytic, photoionization detectors, laser. The others segment accounted for the largest market share in 2019, with a market value of USD 489.6 million during the forecast period. The solid state/metal oxide semiconductor segment held the second-largest share. The photoionization detectors (PIDs) are gas detectors used for the detection of various organic compounds. The catalytic gas sensors are used for measuring concentrations of combustible gases for the prevention of explosive accidents within industrial and domestic environments. The infrared gas sensors manufactured by using infrared light, an optical filter to select the proper wavelength, and an optical, infrared receiver. The laser-based gas sensor is used for quantifying and detecting polluting gases, which include methane and carbon dioxide. The other segment consists of different technologies, which include Zirconia, Holographic, and others.
Growing demand for gas sensor in smart cities and increasing adoption in HVAC systems are factors expected to drive the gas sensor market during the forecast period. However, high development costs of advanced gas sensors, scalability, and reliability issues in deployment of sensors in system on chip are responsible to restrain the market growth during the forecast period. The applications in industrial hygiene is expected to create new opportunities for the manufacturers of gas sensors.
Global Gas Sensor Market, by region, has been segmented into North America, Europe, Asia-Pacific, Rest of The World. North America is accounted for the largest market value of USD 370.1 million. Asia-Pacific is accounted for fastest market share of 10.0%.
The Key Players of the Global Gas Sensor Market City Technology Ltd (UK), Dynament(UK), AlphaSense (UK), Amphenol Corporation (US), Bosch Sensortec GMBH (Germany), AMS AG (Austria), SenseAir AB (Sweden), NEW COSMOS ELECTRIC CO., LTD.(Japan), Membrapor AG (Switzerland), Sensirion AG (Switzerland), and MSA (US), among others.
Key Questions Addressed by the Report
Frequently Asked Questions (FAQ) :
Global gas sensor market is projected to grow at approximately 8.66% CAGR during the assessment period (2019 -2025).
The valuation of the global gas sensor market is estimated to increase to USD 1795.9 MN by the end of 2025.
Rising demand from end-users, stringent environmental regulations on the emission of toxic gases from manufacturing facilities, and rising pollution levels in several cities are major tailwinds pushing the growth of the global gas sensor market.
Dynament(UK), City Technology Ltd (UK), AlphaSense (UK), Bosch Sensortec GMBH (Germany), Amphenol Corporation (US), AMS AG (Austria), New Cosmos Electric Co., Ltd.(Japan), SenseAir AB (Sweden), Sensirion AG (Switzerland), Membrapor AG (Switzerland), and MSA (US), are some of the top players operating in the global gas sensor market.
North America is expected to hold the highest market share in the global gas sensor market.