The global gas sensor market size was USD 2.33 billion in 2020 and is estimated to register a substantial CAGR of 8.7% during the forecast period, 2021–2028. The growth of the market is attributed to the rising demand of gas sensor to monitor air quality in enclosed spaces such as homes, offices, classrooms, and other indoor areas.
Gas sensors are an alternative of chemical sensors that are competent of measuring the concentration of a constituent gas in their vicinity. These sensors use different techniques for quantifying the exact amount of gas in a medium.
The Covid-19 pandemic had positive impact on the gas sensor market. Gas sensors can be typically used in indoor environments for assessing the risks of corona virus transmission.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing demand from ventilation industry is expected to surge the market during the forecast period.
- Development of wireless capabilities and miniaturization, coupled with improved communication capabilities that enable their integration into various devices and machines, without compromising the detection of toxic or flammable gases at safe distances are the key factors responsible for the growth of the market.
- the rising emissions of harmful gases and the need to curb air pollution is estimated to propel the gas sensors market in coming years
- Rising cast of production of gas sensors is expected to hinder the market growth.
- Limited lifespan of gas sensors due to technical issues and installation in harsh environments are anticipated to impede the market.
- R&D investment and technological advancement in gas sensor market are expected to offer lucrative opportunities for the market players.
Scope of Gas Sensors Market Report
The report on gas sensor market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Gas Sensors Market –Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Type (Wired and Wireless), Gas Type (Oxygen, Carbon Monoxide (CO), and Carbon Dioxide(CO2)), Technology (Electrochemical, Photoionization Detectors (PID), and Catalytic)
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Geography
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Figaro Engineering Inc., Membrapor AG., AlphaSense Inc.`, Nemoto & Co. Ltd and Robert Bosch GmbH
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Gas Sensors Market Segment insights
The wired segment is projected to constitute a large market share
Based on type, the gas sensors market is segregated into wired and wireless. The wired segment is expected to account for a key share of the market during the forecast period owing to the benefits, such as low cost, low maintenance, compact size, and higher accuracy. Wired sensors are referred to as the most reliable systems as they directly link the sensor to the device receiving the input, making them suitable for use in oil rigs, mines, and nuclear power plants.
Moreover, since infrared gas sensors use thermal sources and have short battery life, they usually require hard-wired installation. Additionally, the rising adoption of wired gas sensors in residential applications is a crucial factor aiding the segment growth; however, wireless segment is estimated to expand at a robust pace during the forecast period owing to its characteristics such as cost-effectiveness, enhanced safety, and ease of portability.
The carbon dioxide segment is expected to register a substantial CAGR
Based on gas type, the gas sensor market is divided into oxygen, carbon monoxide (CO), and carbon dioxide (CO2)). The carbon dioxide segment accounts for a key share of the market and is estimated to propel even further over the forecast period owing to its applications such as monitoring indoor air quality in office buildings, schools, homes, and hospitals.
As carbon dioxide induce health conditions, such as headache, and restlessness, among others, the demand for carbon dioxide sensors is increasing. Furthermore, these sensors are also used for real-time monitoring of freshness, quality, and safety of agricultural products; however, carbon monoxide segment is anticipated to expand at a rapid pace during the forecast period owing to increasing poisoning from CO in several facilities.
The electrochemical segment is expected to grow at a rapid pace
Based on technology, the gas sensor market is segregated into electrochemical, photoionization detectors (PID), and catalytic. The carbon dioxide segment accounts for a key share of the market and is estimated to spur even further over the forecast period owing to its characteristics such as less power consumption, safer operations, and offer better specificity to the target gas.
Furthermore, the ability of electrochemical sensors to detect harmful gases, and landfill gases, among other gases is expected to drive the segment growth.
Asia pacific is expected to dominate the market
In terms of geography, the market is broadly classified into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in Asia Pacific is anticipated to expand at a robust CAGR during the forecast period.
Increasing awareness about the impact of air pollutants on human health in this region is expected to drive the market growth in near future. Additionally, rising urbanization in the region is also contributing to the increasing demand for gas sensors.
Segments
The gas sensors market has been segmented on the basis of:-
Type
Gas Type
- Oxygen
- Carbon Monoxide (CO)
- Carbon Dioxide(CO2)
Technology
- Electrochemical
- Photoionization Detectors (PID)
- Catalytic
Geography
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Companies
Competitive Landscape
Key players competing in the gas sensors market include Figaro Engineering Inc., Membrapor AG., AlphaSense Inc., Nemoto & Co. Ltd and Robert Bosch GmbH.
Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares. For instance,
- In January 2019, Firago Engineering Inc. divulges its new digital TGS8101 IAQ sensor. It’s an ultra-compact sensor for relative humidity, gas, and temperature, and is estimated to be released by mid-2019. The gas sensor consists of a metal oxide compound on a micro hot plate, assembled for high operating temperatures, which make it possible to detect VOCs and alcohol gas.
- In February 2018, Underwriters Laboratories launched two new smoke alarm and detector standards in its seventh edition (UL 217 and UL 268). The seventh edition of this standard is set to take effect in May 2020. It is aimed on minimizing false alarms, also known as nuisance alarms, as well as on detecting different smoke characteristics. Hence, the new smoke detectors may be able to differentiate between smoke coming from burning food or cooking and other non-lethal sources and actual life-threatening smoke.
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