iCrowd Newswire – Jul 8, 2020
The gas sensor market is anticipated to grow at a rapid rate over the forecast period. The major factors propelling the market growth including formulation and implementation of various health and safety regulations across the globe, increasing adoption of gas sensors in HVAC systems and governmental standards and regulations concerning emission control such as air quality monitors, Moreover, rising demand for gas sensors from several industries especially healthcare and growing air pollution levels, and the need to monitor air quality in smart cities are also driving the market growth.
According to Pheonix Research, the Global Gas Sensor Market was evaluated USD 1173.2 million in 2019 and is anticipated to raise USD 2035.8 million by 2027, burgeoning at a CAGR of 7.4% during 2020-2027. A gas sensor is an electronic device that is able to detect the existence or concentration of multiple types of gases in the environment. Found on the concentration of gases in the surroundings, the gas sensor demonstrates a variation in resistance of the substances utilized in the sensor, which successively used to gauge the output voltage. Depend on this fluctuation in voltage value, the typecast and concentration of gas are identified. Gas sensors are able to recognize volatile compounds such as harmful gases and air purification levels. These sensors measure and distinguish the concentration of gas and can reform the concentration of an analyte gas into an electrical signal. These sensors are applied in multiple industries like aerospace, pharmaceutical, military & defense, power & energy, and others.
Based on Technology Type, Modern gas sensor technologies, like miniaturized PID (Photo Ionization Detectors) for measurement, NDIR (Non-dispersive Infrared) sensors for carbon dioxide (CO2), or other combustible gas, and surplus types of substance-special electrochemical sensors are easily accessible for comprehending into multipurpose sensor conveyable equipments. The desire for continuous and real-time monitoring is driving the market in miniaturization, networking/communication, and power management among others. Currently, indoor and outdoor air quality concerns are driving the application in commercial building automation as well as in environmental monitoring. Various sensors used in industrial applications are expensive and the package size is too large. Thus, the need for less expensive and compact size products is expected to drive the market.
Asia-Pacific Gas sensor Market Overview
By geography, Asia Pacific (APAC) is projected to account for the largest share of the gas sensors market during the forecast period. The market in this region has been studied for China, Japan, India, South Korea, and the Rest of APAC. The Asia-Pacific gas sensors market is majorly commanded by Japan and China. The growth in this region can be attributed to the increased use of gas sensors in automotive & transportation, oil and gas, smart cities & building automation, power stations, and chemical applications. Rising awareness regarding the impact of air pollution on health has led to an increase in demand for air purifiers, air cleaners, and air quality monitors in APAC, which, in turn, drives the growth of the market in the region. Increasing government activities to reduce air pollution in several APAC countries, such as China and India, are expected to drive the demand for gas sensors in the Asia Pacific region. This region is also the largest end-user of HVAC equipment. The growing construction industry, due to increasing population and urbanization, drives the APAC HVAC market, which, in turn, creates a demand for gas sensors in the region.
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Players operating in the global gas sensor market include honeywell analytics (uk), amphenol (us), figaro (japan), alphasense (uk), membrapor ag (switzerland), dynament (uk), edinburg sensors (uk),sensirion (switzerland), nemoto sensor engineering company limited (japan),bosch sensortec (germany), gastec (japan), and spec sensors (us) and others.
The research study on “Global Gas sensor Market (2020-2027): By Technology Type, Gas Type, Application, End-User, & Region”, provides detailed insights on the gas sensor market entailing analysis on its abstract market verticals. Market dynamics with drivers, restraints, and opportunities with their impact are provided within the report. Data about porter’s five forces analysis is as well covered under the report scope. The report provides a vision on the Global gas sensor market and major geographic regions. The report includes fundamental advancement policies and conditions of technological growth processes. Secondly, the report covers the global gas sensor market size and volume, and segment markets by type, application, and geography along with the information on companies operating within the market. The medical treatment marketing research is provided for major regional markets including North America, Europe, Asia Pacific, and the Middle East and Africa followed by major countries. For each region, the market size and volume for various segments have been covered under the scope of the report. In 2018, Asia-Pacific is dominating the market for gas sensors and is perhaps visiting sustain its foothold for upcoming years. Increase in market share within the forecast period due to the increasing preference for gas sensor across the developing nations of the region
• This report entails a comprehensive quantitative gas sensor marketing research and current gas sensor market trends from 2017 to 2025 to identify the prevailing opportunities along with a strategic assessment of the worldwide gas sensor market.
• Gas sensor market size and estimations are supported by a comprehensive analysis of key developments within the gas sensor market industry.
• A qualitative analysis supported innovative products facilitates strategic business planning. The development strategies adopted by the key market players are enlisted to know the competitive scenario of the worldwide gas sensor market.
- Market Segmentation
By Gas type:
• Oxygen (O2)
• Carbon Monoxide (CO)
• Carbon Dioxide (CO2)
• Ammonia (NH3)
• Chlorine (Cl)
• Hydrogen Sulfide (H2S)
• Nitrogen Oxide (NOx)
• Volatile Organic Compounds (VOC)
• Hydrocarbons (Propane, Butane, etc.)
• Methane (CH4)
• Hydrogen (H2)By Technology:
• Photoionization Detectors (PID)
• Solid-state or Metal–oxide–semiconductor (MOS)
• Water & Wastewater
• Oil & Gas
• Automotive & Transportation
• Food & Beverages
• Metals & Chemicals
• Consumer Electronics
• Power Stations
• Smart Cities & Building Automation
Rest of APAC
• North America
Rest of Europe
• Middle East and Africa
United Arab Emirates
• Southeast Asia
• ROW (Rest of the World)
• Research Laboratories
• Point Of Care testing
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Keywords: global gas sensor market, gas detector market, pheonix research