Global Gas Sensors Market Research Report Explores the Industry Demand and Trends 2026

Latest released, the research study on Global Gas Sensors Market Report Forecast 2021 - 2026, offers a detailed overview of the factors influencing the global business scope. Gas Sensors Market research report shows the latest market insights, current situation analysis with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Gas Sensors. The study covers emerging player's data, including competitive landscape, sales, revenue and global market share of top manufacturers are: Figaro Engineering Inc., Membrapor AG, AlphaSense Inc., Nemoto & Co. Ltd, Robert Bosch GmbH, Amphenol Advanced Sensors, AMS AG, Trolex Ltd, ABB Ltd, Siemens AG, City Technology Ltd

The gas sensors market was valued at USD 655.5 million in 2020 and expected to reach USD 883.6 million by 2026 and grow at a CAGR of 5.1% over the forecast period (2021 - 2026).

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Industry News and Updates:

- January 2019 - Firago Engineering Inc. revealed its new digital TGS8101 IAQ sensor. It is an ultra-compact sensor for gas, relative humidity, and temperature, and is expected to be launched 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.
- February 2018 - Underwriters Laboratories released 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 focused 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.

Regional Analysis:

North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Asia-Pacific is Expected to be the Fastest Growing Market

- Similar to the global market, Asia-Pacific is the amalgamation of mature and emerging markets. China and India are the fastest developing countries in the world, and the industries in these countries are being set up at a rapid pace.
- The Chinese automotive market has the largest scale in the world. According to OICA and CAAM, around 24 million passenger cars were produced in 2018. With this huge production capacity, China is ranked first in automotive production and is one of the significant drivers for gas sensors market in the region.
- India is the largest provider of the genetic drug, globally. Furthermore, the Indian pharmaceutical sector supplies 50% of the global demand. These pharmaceutical production facilities use a variety of solvents and gases in the manufacturing process and need to be continuously monitored, which raises the demand for gas sensors, thus driving the market.

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-Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects

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-Market value USD Million and volume Units Million data for each segment and sub-segment

-Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years

-Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

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