Gas Sensor Market by Product (Oxygen Sensors, Carbon Dioxide Sensors, Carbon Monoxide Sensors, Nitrogen Oxide Sensors, Methyl Mercaptan Sensors, Others), by Type (Wired, Wireless), by Technology (Electrochemical, Semiconductor, Solid State, Photo Ionization Detectors, Catalytic, Infrared, Others), by End User (Medical, Building Automation & Domestic Appliances, Environmental, Petrochemical, Automotive, Industrial, Agriculture, Others), and by Region (North America, Europe, Asia Pacific, Latin America, MEA) - Global Forecasts 2021 to 2027

Date : Jul 2021

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Report ID : 92

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Category : Equipment Machine & Tooling

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Report Format:  PDF EXCEL PPT WORD

Market Overview:

The global Gas Sensor market was valued US$ 864.1 Mn in 2020 is expected to reach US$1,836.2Mn by 2027, with a growing CAGR of 6.4% during the forecast period (2021-2027).

Gas sensors are key elements in many applications that affect the quality of natural life as well as the efficiency of industrial production. They are used across various applications such as industrial, medical, automotive, petrochemical, and environmental. The gas sensors are primarily used for indoor and outdoor air-quality monitoring and maintenance, detection of combustible and toxic gases, exhaust emission control in automobiles, and others. The emergence for gas sensor in HVAC system is expected to drive the growth of gas sensor market over the forecast period. HVAC system gives fresh and pure indoor air by eliminating contaminations from the climate through legitimate ventilation and compression. Such systems include measures that convey burnable or poisonous materials. Consequently, to recognize and dissect the degree of harmful substances present in the climate, gas sensors are progressively being utilized in HVAC systems across all significant ventures that incorporate the presence of ignitable gases and poisonous components. Therefore, growth in adoption of HVAC systems directly accelerates the demand of gas sensor.

Gas Sensor Market

In addition to this, technological advancements such as increasing use of IoT (Internet of Things) and Artificial Intelligence (AI) across all industries is anticipated to fuel the growth of gas sensor market over the forecast period. In the current situation, individuals are pushing towards digitization of solution and services. This has prompted an expanded spotlight on IoT-based gadgets because of their creative and progressed interface and benefits. IoT is an innovation that connects devices such as cell phones, microwaves, fridges, guard &military, medical services, and other structures. IoT utilizes electronic programming, sensors, and actuators for connecting all these things to a common network. For instance, in March,2021, Bosch Sensortec launched the BME688, the first air quality MEMS sensor that combines gas, humidity, temperature and barometric pressure sensing with innovative artificial intelligence (AI) capability; essentially creating the world’s smallest four-in-one air quality measurement solution. This single device enables customers to reduce their total cost of ownership, cut their development time and simplify design.

The Global Gas Sensor Industry Segmentation:

By Product

  • Oxygen Sensors
  • Carbon Dioxide Sensors
  • Carbon Monoxide Sensors
  • Nitrogen Oxide Sensors
  • Methyl Mercaptan Sensors
  • Others

By Type

  • Wired
  • Wireless

By Technology

  • Electrochemical
  • Semiconductor
  • Solid State
  • Photo Ionization Detectors
  • Catalytic
  • Infrared
  • Others

By End User

  • Medical
  • Building Automation& Domestic Appliances
  • Environmental
  • Petrochemical
  • Automotive-
  • Industrial
  • Agriculture
  • Others

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Gas Sensor Market Based on product, the carbon dioxide segment dominated the market in 2020 with over 31.0% share in the global revenue.

Carbon dioxide sensors are mainly used for monitoring indoor air quality in schools, office buildings, homes, and hospitals. Given that unnecessary openness to carbon dioxide can prompt medical issues, like migraines, and anxiety, among others, the demand for carbon dioxide sensors is rising significantly. Carbon dioxide sensors are likewise utilized for constant checking of newness, quality, and wellbeing of horticultural items.

The segment is also expected to register substantial growth over the forecast period owing to the rising fatalities from carbon monoxide poisoning. For instance, according to the CDC (Centres for Disease Control and Prevention), it is estimated that around 430 people die in the U.S. from accidental CO poisoning. Approximately 50,000 people in the U.S. visit the emergency department each year due to accidental CO poisoning.

Gas Sensor Market Based on the end users, the petrochemical segment is anticipated to register the fastest CAGR over the forecast period.

The petrochemical segment is expected to register the fastest CAGR over the forecast period. The LPG and LNG industry verticals have been aggressively deploying gas sensors as these industry verticals require monitoring at every step of storage, production, and transportation of gas. While natural gas production has been growing across the globe, the accentuation on wellbeing and security at the handling offices has additionally been similarly reinforcing. Thereby, the demand of gas sensor continuously increases with growing petrochemical segment.

Gas Sensor Market Based on regions, the market for gas sensor in Asia-Pacific accounted for the largest share in 2020, followed by North America and Europe.

Asia-Pacific dominated the market in 2020 and accounted for the largest revenue share of over 33.0%. Rising awareness regarding to the impact of air pollutants on human health across the countries in Asia-Pacific, such as India and China, are accelerating the demand of gas sensor over the forecast period. Moreover, rapid urbanization and rising automotive industry in the region is a significant contributor for the growth of gas sensing market. For instance, according to the report published by the United Nations Department of Economic and Social Affairs, 2018, the world population is expected to add 2.5 billion people to urban areas by 2050, with close to 90% of this increase is expected to come from Asia and African countries.

The report also provides in-depth analysis of Gas Sensor market dynamics such as drivers, restraints opportunities and challenges

Drivers

  • Growing market for smart cities
  • Rising adoption in HVAC Systems
  • Increasing demand for gas sensors in end user industries

Restraints

  • High development costs of advanced gas sensors
  • Scalability and reliability issues in deployment of sensors in system on chip

Opportunities

  • Growing adoption of gas sensors in consumer electronics

COVID-19 Impact on the Gas Sensor Market Analysis

With the outbreak of the COVID-19, various businesses are at the forefront to combat this pandemic. The pandemic has hindered the industrial supply chain and also disrupted the product segment. Government across the countries has imposed strict lockdown to limit the spread of disease. The gas sensor market is projected to decline due to the shutdown in the industrial operations. The major factors governing the gas sensors industry include the growing demand from OEMs and medical device/equipment manufacturers for the production of critical care systems such as ventilators, respirators, and slowing requirements from automotive, building & construction, oil & gas, and chemicals, and other sectors.

The report also provides in-depth analysis of key trends I nGas Sensor market

Sr. No.

Trends

Impact

1

The increasing adoption of the Internet of Things (IoT) enabled application

Positive

2

The rapid development in the project of smart cities

Positive

The report also provides in-depth analysis of recent news developments and investments

  • In April 2021, ABB launched its HoverGuard™ the world’s fastest, most sensitive drone-based gas leak detection and greenhouse gas measuring system. HoverGuard detects, quantifies and maps leaks up to 100 meters from natural gas distribution and transmission pipelines, gathering lines, storage facilities, and other potential sources quickly, safely and reliably.
  • In December 2019, Honeywell acquired Rebellion Photonics, a Houston-based provider of innovative, intelligent, visual gas monitoring solutions that maximize safety, operational performance, emissions mitigation and compliance in the oil and gas, petrochemical and power industries. The acquisition will become part of Honeywell’s Safety and Productivity Solutions business, which provides a wide range of gas detection technologies, safety gear, mobility solutions and software to help workers stay safe and productive.

Gas Sensor Market Company Profiles and Competitive Intelligence

The key players operating in the Gas Sensor Market market are:

  • ABB
  • Alphasense
  • Honeywell International Inc
  • Dynament
  • Figaro Engineering Inc.
  • Membrapor
  • Nemoto& Co. Ltd.
  • Robert Bosch GmbH
  • Siemens
  • GfG Gas Detection UK Ltd.
  • Drägerwerk AG & Co. KGaA
  • FLIR Systems, Inc.
  • AMETEK
  • General Electric
  • Emerson Electric Co.
  • Trolex Ltd.
  • Enerac Inc.
  • California Analytical Instruments Inc.

The unique insights provided by this report also includes the following:

  • In-depth value chain analysis
  • Opportunity mapping
  • Sector snapshot
  • Key Players Positioning Matrix
  • Regulatory scenario
  • Strategies Adopted-Benchmarking Heat Map
  • Market trends
  • Covid-19 impact analysis
  • Product comparison
  • Pre & Post COVID 19 impact on Gas Sensor Market
  • Competitive Landscape

Frequently Asked Questions (FAQs)

How big the global gas sensor market?

The global gas sensor market was valued at US$ 864.1 Mn in 2020 and is anticipated to reach US$ 1,836.2 Mn by 2027

What is the estimated market growth rate of gas sensor industry?

The gas sensor market is estimated to grow at a compound annual growth rate (CAGR) of 6.4% during 2020-2027

What is the share of Asia Pacific in gas sensor market?

In the base year 2020, Asia Pacific accounted for 31% share in the gas sensor market

Who are the key players in the gas sensor industry?

A few key players include, but not limited to: ABB, Alphasense, Honeywell International Inc, Dynament, Figaro Engineering Inc., Membrapor, Nemoto& Co. Ltd., Robert Bosch GmbH, Siemens, and GfG Gas Detection UK Ltd.

Author Credentials

Priyanka has been writing chemicals & material market research reports for the last 12 years. A post-graduate, her specialization is in the chemicals sector. Preparing end-to-end reports covering minute details for market insights, competitive intelligence and trend analysis in the CMFE sector.

Table of Contents Global Gas Sensor Market

  1. Market Introduction
    1. Definition
    2. Scope Of The Study
    3. List Of Assumptions
    4. Market Structure
    5. Scope of the Study: Segmentation 
    6. Timeframe, Currency and Limitations
  2. Research Methodology
    1. 3P Research Approach
    2. Market Sizing Approach
    3. Data Sources
    4. Primary Research Coverage
  3. Executive Summary
    1. Market Summary
    2. Market Snapshot
    3. Regional Snapshot
    4. Country Snapshot
  4. Premium Insights
    1. Key Trend Analysis
    2. New revenue Pockets
    3. Pain Point Analysis
    4. Company Market Share Analysis, by Region
    5. Strategies Adopted-Benchmarking Heat Map
    6. Regulatory Landscape
    7. PESTEL Analysis
    8. Regional Lifecycle
    9. Competitive Benchmarking
  5. Market Overview & Competitive Landscape
    1. Competitive Landscape
    2. Investment Scenario by key Players
    3. Key Player Overview
    4. Product comparison
    5. Player Wise Geographic Presence
    6. Player Wise Target Customer Segment
    7. Recent News
      1. Product Launches & upgrades
      2. R&D / Innovation
      3. Merger & Acquisition
      4. JV & Partnership
      5. Recognition and others
  6. Market Segmentation (Market Size and Share Analysis)
    1. Global Market Size & Historic Growth
    2. Market Size by Product
      1. Oxygen Sensors
      2. Carbon Dioxide Sensors
      3. Carbon Monoxide Sensors
      4. Nitrogen Oxide Sensors
      5. Methyl Mercaptan Sensors
      6. Others
    3. Market Size by Type
      1. Wired
      2. Wireless
    4. Market Size by Technology
      1. Electrochemical
      2. Semiconductor
      3. Solid State
      4. Photo Ionization Detectors
      5. Catalytic
      6. Infrared
      7. Others
    5. Market Size by End User
      1. Medical
      2. Building Automation & Domestic Appliances
      3. Environmental
      4. Petrochemical
      5. Automotive
      6. Industrial
      7. Agriculture
      8. Others
  7. Market Dynamics
    1. Market Drivers
    2. Opportunities
    3. Value Chain Analysis
    4. Pricing Analysis
  8. COVID – 19 Opportunity Mapping
    1. Key Drivers & Anticipated Revival Period
    2. Key Trends Analysis
    3. Impact on End user Industry
    4. Opportunity Analysis
  9. Regional Market Analysis
    1. North America
      1. US
      2. Canada
    2. Europe
      1. UK
      2. Germany
      3. France
      4. Italy
      5. Spain
      6. Rest of Europe
    3. APAC
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Rest of APAC
    4. Latin America
      1. Mexico
      2. Brazil
      3. Argentina
      4. Rest of LATAM
    5. Middle East & Africa
      1. GCC
      2. Rest of MEA
  10. Company Profiles
    1. ABB
      1. Company Fundamentals
      2. Financial Analysis (Subject to Availability)
      3. Product Portfolio
      4. SWOT Analysis
    2. Alphasense
    3. Honeywell International Inc
    4. Dynament
    5. Figaro Engineering Inc.
    6. Membrapor
    7. Nemoto & Co. Ltd.
    8. Robert Bosch GmbH
    9. Siemens
    10. GfG Gas Detection UK Ltd.
    11. Other Notable Players
    12. Drägerwerk AG & Co. KGaA
    13. FLIR Systems, Inc.
    14. AMETEK
    15. General Electric
    16. Emerson Electric Co.
    17. Trolex Ltd.
    18. Enerac Inc.
    19. California Analytical Instruments Inc.
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