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Gas Sensors Market Share Analysis, Demand, Trends, Value, Growth, Industry and Market Forecast (2024-2031)

Published: February 2024 || SKU: ICT2931
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Global Gas Sensors Market is segmented By Type (Electrochemical, Photoionization Detectors, Metal-Oxide Sensor, Catalytic, Infrared, Laser, Zirconia, Holographic, Others), By Gas (Oxygen, Carbon Monoxide, Carbon Dioxide, Ammonia, Chlorine, Hydrogen Sulfide, Nitrogen Oxides, Volatile Organic Compound (VOC), Hydrocarbons (Propane, Butane, etc.), Methane, Hydrogen, Others), By Connectivity (Wired, Wireless), By End-User (Oil and Gas, Mining, Medical, Automotive and Transportation, Consumer Electronics, Metals and Chemicals, Smart Cities, Water and Wastewater Treatment, Food and Beverages, Power Stations, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

 

Gas Sensors Market Overview

Gas Sensors Market is expected to growth at a CAGR of 5.9% during the forecast period 2024-2031. Gas sensors are the semiconductor nanostructures that confine the motion of valence band holes, conduction band electrons or excitons in all three spatial directions. The regulatory environment surrounding the gas sensors market is stringent in Europe, with several product testing and certification requirements. Competitive rivalry intensifies Honeywell International Inc., ABB, MSA, Teledyne Technologies Incorporated and others operating in the market.

The properties of the gas sensors vary as per their shape and material. Due to quantum mechanics, gas sensors exhibit optical and electronic properties that differ from larger particles. Gas sensors are widely used in single-electron transistors, solar cells, LEDs, lasers, single-photon sources, second-harmonic generation, quantum computing and medical imaging.

 

Gas Sensors Market Summary and Scope

Metrics

Details

Market CAGR

5.9%

Segments Covered

By Type, By Gas, By Connectivity, By End User, and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

 

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Gas Sensors Market Dynamics and Trends

The increasing adoption of gas sensors in various industries is a major driver for the global market

Gas sensors are being increasingly adopted across various industries to enhance safety. For instance, in the medical and healthcare segment, the sensor technology is primarily used for measuring (Volatile Organic Compounds) VOCs, which may have adverse short-term and long-term health effects. Moreover, gas sensors are also integrated into medical devices such as patient monitoring systems for analyzing the toxic gas in the body.

The shorter life span of gas sensors is expected to restrain the global market

The design of typical gas sensors involves the usage of multiple electric and electronic parameters. Although it makes the gas sensor advanced, it also leads to a shorter life span. The shorter life span of the sensors is owing to the various factors through which a typical electrochemical gas sensor is put under which, including temperature, humidity, interfering gases and physical factors such as vibration and impact and contamination or damage to the sensor. It will be a key factor in preventing the growth of the global market during the forecast period.

New government initiatives are expected to generate new opportunities for the global gas sensors market

Governments from various nations are prone to introducing new environmental policies and protocols that focus on reducing global warming by controlling gas emissions in the industrial processes. These initiatives will create new frameworks that will escalate the demand for gas detection systems in the manufacturing sector to assist in monitoring and detecting poisonous and combustible gases in industrial plants. It also aids in the measurement of oxygen levels in small places and controls combustion in industrial blast furnaces. The new government initiatives will generate new opportunities for the global market during the forecast period.

Long lead times for developing new gas sensors are expected to present challenges for the global market

The development of new types of gas sensors is a complicated process that involves working on multiple parameters. The research, design, development, prototyping and field testing of new gas sensors requires long lead times and present major challenges for the growth of the global gas sensors market.

COVID-19 Impact Analysis on Gas Sensors Market

The COVID-19 pandemic majorly impacted the global gas sensors market. The pandemic hampered research and development activities, including the field testing of new sensors. Demand from various end-users also reduced significantly due to cuts in capital expenditure brought on by the economic uncertainty of the pandemic. Furthermore, supply chain constraints caused by the COVID-19 pandemic have hampered the manufacturing of gas sensors due to a shortage of many key components. Despite the various ongoing challenges, the pandemic is not expected to impact the long-term growth of the global gas sensors market and

Recent Developments in the Industry

  1. In July 2022, a team of researchers from Penn State University in U.S. and the Hebei University of Technology, China, developed a moisture-resistant stretchable gas sensor from laser-induced graphene.
  2. In July 2022, a team of researchers from Cambridge University, UK, developed a washable nylon-based fabric with integrated NO₂ gas sensors.

Gas Sensors Market Segmentation Analysis

The scope of the report covers segmentation based on type, gas, connectivity, end-user and region. The global gas sensors market is segmented by type into electrochemical, photoionization detectors, metal-oxide sensors, catalytic, infrared, laser, zirconia, holographic and others. The global gas sensors market is segmented by gas into oxygen, carbon monoxide, carbon dioxide, ammonia, chlorine, hydrogen sulfide, nitrogen oxides, VOCs, hydrocarbons, methane and hydrogen.

The global gas sensors market is segmented by connectivity into wired and wireless. The global gas sensors market is segmented by end-user into oil and gas, mining, medical, automotive and transportation, consumer electronics, metals and chemicals, smart cities, wastewater treatment, food and beverages, power stations and others. The global gas sensors market is segmented by region into North America, South America, Europe, Asia-Pacific, Middle East and Africa.

  1. Wired: Wired gas sensors are more reliable and faster than wireless gas sensors since wires physically connect sensors to the base unit. Owing to high reliability, wired gas sensors are widely accepted in industries such as oil and gas, industrial applications, the defense industry, food and beverages, mining and others.
  2. Wireless: Wireless gas sensors are becoming common globally owing to lower installation and maintenance costs. Moreover, wireless gas sensor network allows a greater level of flexibility.

Gas Sensors Market Geographical Share

According to the DataM Intelligence market research report, the global Gas sensors market is divided into North America, South America, Europe, Asia-Pacific, Middle East and Africa.

In particular, due to air pollution, U.S. has witnessed extensive use of gas sensors for indoor and outdoor air quality. Gas sensors are also widely used in industrial areas for oxygen detection, toxic gas monitoring, flammable gas detection and duct monitoring, among other applications. The growing demand for air quality monitoring in homes and other residential and commercial spaces is the primary factor driving the growth of the North American gas sensors market during the forecast period.

The regulatory environment surrounding the gas sensors market is stringent in Europe, with several product testing and certification requirements. Gas sensors, detectors and other monitoring equipment of gases intended for use in potentially explosive environments must be tested and marked under ATEX (Atmosphere Explosible) directive. Germany, UK and France are the leading countries in Europe for adopting gas sensors. Regulation mandating the use of gas sensors in various industries will be a major factor in driving the growth of the European gas sensors market.

Automotive and transportation is the major end-user of gas sensors in the Asia-Pacific, with large automotive production in China, India and Japan. Oil and gas is another key industry for using gas sensors in the region, with large industries in countries such as China, India and Indonesia. The demand for gas sensors surged with increased interest in gas detection and stringent safety legislation. Due to growing demand from many key industries, the Asia-Pacific gas sensors market will likely witness sustained growth in the coming years.

Gas Sensors Market Companies and Competitive Analysis

The global gas sensors market is consolidated, with major international players having the largest market share. The companies compete within the market by launching new products, expanding to new territories, acquiring new startups in the sector and collaborating with other major market players.

Major Companies

Some key companies contributing to the global gas sensors market growth include Honeywell International Inc., ABB, MSA, Teledyne Technologies Incorporated, Industrial Scientific, General Electric, Detector Electronics Corporation, Emerson Electric Co, SICK AG, Thermo Fisher Scientific and Figaro Engineering Inc, among others.

The Full Report has the below insights.

  • The report offers a comprehensive evaluation of the market in terms of Market Value (US$) and Y-o-Y Growth Rates (%). It does so via in-depth qualitative insights, historical data (2020-2021) and verifiable projections about market size during the forecast period (2022-2029).
  • Visualize the composition of the global Gas sensors market segmentation by drone type, application and region, highlighting the key commercial assets and players.
    • By Type: Electrochemical, Photoionization Detectors, Metal-Oxide Sensors, Catalytic, Infrared, Laser, Zirconia, Holographic and Others
    • By Gas: Oxygen, Carbon Monoxide, Carbon Dioxide, Ammonia, Chlorine, Hydrogen Sulfide, Nitrogen Oxides, VOCs, Hydrocarbons, Methane and Hydrogen
    • By Connectivity: Wired and Wireless
    • By End-User: Oil And Gas, Mining, Medical, Automotive And Transportation, Consumer Electronics, Metals And Chemicals, Smart Cities, Wastewater Treatment, Food And Beverages, Power Stations And Others
    • By Region: North America, South America, Europe, Asia-Pacific, Middle East and Africa
  • Identify commercial opportunities in the global Gas sensors market by analyzing trends and co-development deals.
  • The report also covers data insights on various industry forces such as porter's five forces, regulations in each country, reimbursement scenario, technological advancements, PEST analysis and pricing analysis.
  • Excel data sheet with thousands of global Gas sensors market-level 4/5 segmentation data points.
  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
  • Product mapping in excel for the key product of all major market players.

The global gas sensors market report would provide access to an approx. 69 market data table, 83 figures and 210 pages.

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FAQ’s

  • Gas Sensors Market is expected to grow at a CAGR of 5.9% during the forecast period 2024-2031.

  • Among all regions, Asia Pacific is the fastest growing market share during the forecast period.

  • The market is facing a number of challenges, including: the shorter life span of gas sensors, the high cost of gas sensors and the long lead times for developing new gas sensors

  • Major players are Honeywell International Inc., ABB, MSA, Teledyne Technologies Incorporated, Industrial Scientific, General Electric, Detector Electronics Corporation, Emerson Electric Co, SICK AG, Thermo Fisher Scientific and Figaro Engineering Inc, among others.
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