Gas Sensor Market is expected to reach USD 1795.9 Million, at a CAGR of 8.66% by 2027
Globally, the size of the Gas Sensor Market was valued at USD 1123.3 Million in 2020 and is expected to grow to USD 1795.9 Million by 2027 driven by the growing demand for gas sensors in smart cities and increasing adoption in HVAC systems.
It is a device that detects the presence or concentration of gases. By the concentration of gases in the background, the Gas Sensor Market displays a change in resistance of the material used in the sensor, which is used to measure the output voltage. The gas concentration is detected Based on this change in voltage value, the type. It can determine volatile compounds like air quality and gases. The sensors can also detect and measure the concentration of gas and can change the attention of an analyte gas into an electronic or electrical signal. These are used in various industries ranging from medicine, defence & military, energy, aerospace, etc. Monitoring air pollution, chemical processes, and exhaust from combustion engines are the various applications for gas sensor installation. The enhancement in the use of gas sensors in the defence & military industry and the emerging demand for gas sensors in consumer electronics and the favourable government regulations regarding the use of gas sensors are the primary drivers of the market. They will push the market forward in the forecast period. The optical gas sensor market forecast is showcasing substantial growth.
The laser spectroscopy gas sensing technology is used in several sectors, including biomedical diagnostics, ocean & Mars exploration, and climate change. The new multi-gas sensor system comprises data collection, system control, and optical modules to measure ambient air conditions. The laser absorption spectroscopy sensor can successfully detect ambient CH4 and CO2 gases using a single detector with no time lag.
Source: MRFR analysis
Based on technology, the Gas Sensors 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 Gas Sensor 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 electrochemical vs optical gas sensor marke growth during the forecast period. The applications in industrial hygiene is expected to create new opportunities for the manufacturers of gas sensors.
Global Gas Sensors 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.
On Oct.18, 2022, Showcity (the UK), a leading provider of life-saving monitoring instrumentation, introduced a connected single gas detector – G6. Gas sensor options for G6 include hydrogen sulfide, carbon monoxide, oxygen, and sulfur dioxide.
The new gas detector is a wearable device developed by Blackline Safety (Canada), the latest addition to its connected technology range. With real-time data, extended life span, and cost-effective ownership options, G6 single gas detection is now available to order across the UK and Ireland.
On Oct.26, 2022, Optimal Industrial Automation Limited launched new technology iPass™ for MDI, Aerosol Micro Leak Detection System to help pharmaceutical manufacturers ramp up the production and delivery of pressurized metered-dose inhalers (pMDIs).
A fully automated machine, iPass™ addresses the shortcomings of the MDI Aerosol Micro Leak Detection System, allowing manufacturers to reliably identify & reject individual faulty canisters in a continuous process. This innovative setup consists of SCARA robots, pucks, and a conveyor system with an integrated gas analyzer that can leverage industrial automation to free operators from repetitive tasks.
|Market Size||USD 1795.9 Million|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Technology, Gas Type, Application|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||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)|
|Key Market Opportunities||The applications in industrial hygiene.|
|Key Market Drivers||
Global gas sensor market is projected to grow at approximately 8.66% CAGR during the assessment period (2020 -2027).
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.
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.
The valuation of the global gas sensor market is estimated to increase to USD 1795.9 MN by the end of 2025.
North America is expected to hold the highest market share in the global gas sensor market.