Gas Sensors Market By Product, By Technology, By Application, By Region-Forecast 2024

Infrared technology-based components are expected to gain considerable share of the gas sensors market, owing to the high operational efficiency. These components are immune to contamination & poisoning and have fail-safe operation capability. It can operate in continuous presence of gas, which make them suitable for applications in severe environmental conditions. Furthermore, factors such as low maintenance requirements and long-life performance are expected to drive infrared gas sensors market over the forecast timespan.

Gas Sensors Market is estimated to surpass USD 2.5 billion by 2024. Growing stringent regulations regarding safety of employees at work is expected to be one of the key driving factors. Health & Safety at Work Act (HSWA) and Occupational Health and Safety (OSHA) are mandating the installation of gas detectors in workplace to safeguard the health of employees in workplace. The regulations such as Control of Substances Hazardous to Health (COSHH) are mandating gas leak detectors in Europe, thus propelling the gas sensors market growth.

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Oxygen gas sensors market is growing at a significant rate, due to the increase in implementation of these components in the healthcare sector. These components are being increasingly used in equipment such as blood gas monitors, ventilators, and incubators. They have high replacement cycles and minimal maintenance requirements. Furthermore, these components are also used widely in automobiles, to keep check on emission of inflammable gases.

Automotive manufacturers are installing the components in car engines and cabins, owing to keep check on the emissions and improve the quality of air in the cabin. The gas sensors market is expected to witness significant surge, owing to high demand for these products in consumer electronics. These components have the ability to detect release gases such as VOCs, alcohols, and NOx from devices including smartphones, laptops, and tablets. Key manufacturers in the industry such as Sensirion and AMS AG are developing specialized components for consumer electronics segment.

India gas sensors market is growing at remarkable rate, owing to increasing investments in construction sector. Growing number of commercial complexes and residential buildings is propelling the industry growth, owing to increasing demand for safety equipment. Large scale deployment of these components in automobiles, due to increasing awareness among the people for emission control is anticipated to provide growth opportunities to the suppliers in the region.

Some of the key players in the gas sensors market include Mettler-Toledo International Inc., SenseAir AB, Yokogawa Electric Corporation, GfG Europe Ltd, and Figaro Engineering. the industry players are continuously investing in new product development to gain competitive advantage. For instance, with the proliferation of internet of Things (IoT), SPEC Sensors is focusing on developing components for IoT applications such as smart buildings and wearables.

Browse key industry insights spread across 220 pages with 212 market data tables & 20 figures & charts from the report, “Gas Sensors Market Size By Technology (Electrochemical, Semiconductor, PID, Solid State, Catalytic, Infrared), By Product (Oxygen, Carbon Dioxide, NOx, Carbon Monoxide), By Application (Consumer Electronics, Medical, Environmental, Petrochemical, Automotive, Industrial), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Russia, China, India, Japan, Australia, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Potential, Price Trend, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/gas-sensors-market-size

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