Gas Sensors Market 2021 Analysis by Top Manufacturers - Figaro Engineering Inc., Membrapor AG., AlphaSense, Inc., Nemoto & Co., Ltd

The Gas Sensors Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data. The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.

The gas sensors market was valued at USD 629.22 million in 2019 and is expected to reach USD 848.95 million by 2025, at a CAGR of 6% over the forecast period 2020- 2025.

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Top Leading Companies of Global Gas Sensors Market 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. and others.

Industry News and Updates:

- Jan 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 launch by the middle of this year. The gas sensor consists of a metal oxide compound on a micro hot plate assembled for high operating temperatures that make it possible to detect VOCs and alcohol gas.
- Feb 2018 - Underwriters Laboratories, released two new smoke alarm and detector standards in its seventh edition (UL 217 & 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, and at detecting different smoke characteristics. Hence, the new smoke detectors in 2020 will now be able to differentiate between smoke from burning food or cooking and other non-lethal sources from actual life-threatening smoke.

Key Market Trends:

Safety and Regulations are Paramount Driver for Industrial Implementation

- In recent years, several types of gases have been used in different areas of industries as raw materials. It becomes crucial to control and monitor these gases, as there is a considerable risk of damage to property and human lives if a leak occurs. The necessity to continually monitor and control the gases emitted has sprouted the need for gas sensors in the industries.
- The stringent government regulations for making the industries safer, applications of gas sensors are mandated. This also made industries more confident towards prevention of accidents related to gas leaks.
- In Northern Ireland, a total of 123 people were admitted to hospital due to suffocation caused by Carbon Monoxide gas. In 2012, carbon monoxide alarms became mandatory in all new builds in NI after several high-profile deaths in the region were caused by deadly household gas leaks.

Asia-Pacific is Expected to be the Fastest Growing Market

- Similar to the global market, even Asia-Pacific is the amalgamation of mature and emerging markets overall. As the major countries like China and India are the fastest developing countries in the world overall, the industries setup are taking place at burgeoning growth.
- 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 also is one of the significant drivers for gas sensors market in this country.
- For the genetic drug globally, India is the largest provider. Also, 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 driving the market.

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Highlights of the Gas Sensors Market Report:

– Detailed overview of Gas Sensors Market
– Changing the Gas Sensors market dynamics of the industry
– In-depth market segmentation by Type, Application, etc.
– Historical, current and projected Gas Sensors market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Gas Sensors Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth.

The research includes historic data from 2015 to 2021 and forecasts until 2025 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Finally, the Gas Sensors Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. Gas Sensors industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.

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