Gas Sensors Market

Gas Sensors Market by Type (Wired and Wireless), Gas Type (Oxygen, Carbon Monoxide (CO), and Carbon Dioxide (CO2)), Technology (Electrochemical, Photoionization Detectors (PID), and Catalytic) and Geography (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: ICT-SE-1202
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 187
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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 Market Key Takeaways


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 the 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.

Attributes

Details

Report Title

Gas Sensors Market –Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Type (Wired and Wireless), Gas Type (Oxygen, Carbon Monoxide (CO), and Carbon Dioxide(CO2)), Technology (Electrochemical, Photoionization Detectors (PID), and Catalytic)

Geography

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Figaro Engineering Inc., Membrapor AG., AlphaSense Inc.`, Nemoto & Co. Ltd and Robert Bosch GmbH

 

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.
 

Gas Sensors Market By Gas Type


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.
 

Gas Sensors Market by Regions

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Gas Sensors Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Gas Sensors Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Gas Sensors Market - Supply Chain
  4.5. Global Gas Sensors Market Forecast
     4.5.1. Gas Sensors Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Gas Sensors Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Gas Sensors Market Absolute $ Opportunity
5. Global Gas Sensors Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Gas Sensors Market Size and Volume Forecast by Types
     5.3.1. Wired
     5.3.2. Wireless
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Gas Sensors Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Gas Sensors Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Gas Sensors Demand Share Forecast, 2019-2026
7. North America Gas Sensors Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Gas Sensors Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Gas Sensors Market Size and Volume Forecast by Types
     7.4.1. Wired
     7.4.2. Wireless
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Gas Sensors Demand Share Forecast, 2019-2026
8. Latin America Gas Sensors Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Gas Sensors Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Gas Sensors Market Size and Volume Forecast by Types
     8.4.1. Wired
     8.4.2. Wireless
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Gas Sensors Demand Share Forecast, 2019-2026
9. Europe Gas Sensors Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Gas Sensors Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Gas Sensors Market Size and Volume Forecast by Types
     9.4.1. Wired
     9.4.2. Wireless
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Gas Sensors Demand Share Forecast, 2019-2026
10. Asia Pacific Gas Sensors Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Gas Sensors Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Gas Sensors Market Size and Volume Forecast by Types
     10.4.1. Wired
     10.4.2. Wireless
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Gas Sensors Demand Share Forecast, 2019-2026
11. Middle East & Africa Gas Sensors Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Gas Sensors Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Gas Sensors Market Size and Volume Forecast by Types
     11.4.1. Wired
     11.4.2. Wireless
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Gas Sensors Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Gas Sensors Market: Market Share Analysis
  12.2. Gas Sensors Distributors and Customers
  12.3. Gas Sensors Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Figaro Engineering Inc.
     12.4.2. Membrapor AG.
     12.4.3. AlphaSense Inc.`
     12.4.4. Nemoto & Co. Ltd
     12.4.5. Robert Bosch GmbH

Segments Covered in the Report
The gas sensors market has been segmented on the basis of:-

Type

  • Wired
  • Wireless

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

  • Figaro Engineering Inc.
  • Membrapor AG
  • AlphaSense Inc
  • Nemoto & Co. Ltd
  • Robert Bosch GmbH

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.
 
Gas Sensors Market by Key Players

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