Press release
Global Gas Sensors Market by Segmentation, Product, Application and Forecast To 2024
Market Study Report
Gas Sensors Market is set to exceed USD 2.8 billion by 2024; according to a new research report Inc. The global shipments are forecast to grow at over 7% CAGR from 2017 to 2024.
The MINIGAS project, funded by the European community, developed gas sensing components that enabled use of these components in small instruments for high sensitivity and speed. Under this project, innovative photo-acoustic components were developed that enabled the development portable and highly sensitive measuring equipment for the measurement of very small concentrations.
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The companies in the gas sensors market are developing equipment based on these products to gain competitive advantage. For instance, FIS, Inc. has developed chromatograph, a lightweight, compact, and low-cost device used to measure ultra-low concentrations of gases.
Gas Sensors Market, By Product
Oxygen/ lambda sensors
Carbon dioxide sensors
Carbon monoxide sensors
NOx sensors
Gas Sensors Market, By Technology
Electrochemical
Semiconductor
Solid state
Photoionization detection (PID)
Catalytic
Infrared
Gas Sensors Market, By Application
Consumer electronics
Medical
Environmental
Petrochemical
Automotive
Industrial
Growth in operational issues is anticipated to hamper the gas sensors market growth. The continuous evolution of the industry is resulting in over-crowding of components such as CO and CO2 sensors. Low product differentiation and lack of innovations are among the key industry challenges. However, key players in the gas sensors market are increasingly investing in R&D to develop diverse product portfolio that matches unique requirements of each application.
Scope of Gas Sensors Market:
The Latin America gas sensors market will be driven by the increasing adoption of these components in building automation and domestic appliances. The consumer electronics industry in countries including Brazil and Mexico have also contributed to the demand owing to increase in spending capacity of customers.
Market Segment by Regions, regional analysis covers
North America, China, Europe, Southeast Asia, Japan, India
Key Point Covered in this Report
This report provides pin-point analysis for changing competitive dynamics
It provides a forward-looking perspective on different factors driving or restraining market growth
It provides a six-year forecast assessed on the basis of how the market is predicted to grow
It helps in understanding the key product segments and their future
It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
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Data Tables
TABLE 1 Gas sensors industry 360 degree synopsis, 2013 – 2024
TABLE 2 Gas sensors market, by region, 2013-2024 (USD Million)
TABLE 3 Gas sensors market, by product, 2013 - 2024 (USD Million)
TABLE 4 Gas sensors market, by technology, 2013 - 2024 (USD Million)
TABLE 5 Gas sensors market, by application, 2013 - 2024 (USD Million)
TABLE 6 Vendor matrix
TABLE 7 Industry impact forces
TABLE 8 Strategy dashboard
TABLE 9 Oxygen gas sensors market, 2013 - 2024, (USD Million)
TABLE 10 Oxygen gas sensors market, 2013 - 2024, (Million Units)
TABLE 11 Oxygen gas sensors market, by region, 2013 - 2024, (USD Million)
TABLE 12 Oxygen gas sensors market, by region, 2013 - 2024, (Million Units)
TABLE 13 Carbon dioxide (CO2) sensors market, 2013 - 2024, (USD Million)
TABLE 14 Carbon dioxide (CO2) sensors market, 2013 - 2024, (Million Units)
TABLE 15 Carbon dioxide (CO2) sensors market, by region, 2013 - 2024, (USD Million)
TABLE 16 Carbon dioxide (CO2) sensors market, by region, 2013 - 2024, (Million Units)
TABLE 17 Carbon monoxide (CO) sensors market, 2013 - 2024, (USD Million)
TABLE 18 Carbon monoxide (CO) sensors market, 2013 - 2024, (Million Units)
TABLE 19 Carbon monoxide (CO) sensors market, by region, 2013 - 2024, (USD Million)
TABLE 20 Carbon monoxide (CO) sensors market, by region, 2013 - 2024, (Million Units)
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