Impact of COVID-19 on Gas Sensors Market: Information by Technology (Electrochemical, Photoionization Detection), End-User (Building and Construction), and Region — Forecast till 2029

The COVID-19 outbreak has led to business shutdowns, unemployment, and unprecedented drops in the gross domestic product (GDP) across many countries. The shift in demands for several electronics end applications due to the COVID-19 has significantly hit the sensors market. However, authorities and key players are working hard to maintain the current market growth and preparing for industry’s evolution post-crisis.

Gas sensors are extremely useful in identifying harmful gases present in the environment. They are equipped with a highly sensitive sensing element powered through connecting leads and the alarm sound informs people about the severity of the gas leak. Gas sensors are used to identify a variety of gases such as toxic gases, combustible gases, and flammable gases in various industries such as process and manufacturing, chemicals, metals, electricity and power, food and beverage, and transportation.

Request For Sample Report : https://straitsresearch.com/report/impact-of-covid-19-on-gas-sensors-market/request-sample

Increasing adoption of HVAC systems and rising air pollution levels has accelerated the global demand for gas sensors from critical industries to monitor the air quality. Governmental focus on industrial hygiene and safety is expected to create new opportunities for the manufacturers of gas sensors. Apart from this, the development of smart cities across the globe provides an impetus to the market growth.

Government Regulations to Reduce Hazardous Gas Emissions in Various Industrial Verticals to Drive the Market Growth

Rapidly expanding semiconductor industry, development of high-end features in sensor devices, and technological advancements are fuelling the demand for gas sensors globally. Government enforced regulations on industries and mining, and other activities to reduce emissions are projected to accelerate the market growth. Apart from this, rising demand for continuous and real-time monitoring is subsequently increasing the adoption of miniaturized photoionization detectors (PIDs) and non-dispersive infrared (NDIR) sensors for CO2 or combustible gas.

Risk of Leakages in Emerging Industries and Factories in the APAC Region to Drive the Market Growth

High cost of gas sensors was already a restricting factor, which is further escalated by the ongoing pandemic that has caused disruption in the supply chain. This issue is further accompanied by innovations and low product differentiation. However, its advanced features such as wireless capabilities and miniaturization, coupled with improved communication, enable various devices and machines to inform about leaks.

In 2012, carbon monoxide alarms became mandatory in all households in Northern Ireland, after 123 people were admitted to hospital due to a deadly household gas leak. With rapid industrialization, the risks of hazardous gas leakages are significantly high, which is why the market is expected to gain rapid speed in countries such as the U.S., China, India, and Germany. Poor working conditions and improper management in industries and mines in low economic countries offer lucrative growth opportunities to market growth.
Medical and Healthcare Segment to Grow with the Highest CAGR during the Forecast Period

The medical and healthcare segment is projected to grow with the highest CAGR during the forecast period. Advantages of gas sensors such as versatility, detection of oxygen concentration and other harmful gases, and numerous patient care capabilities is driving market demand. There is an increase in demand for multifunctional medical equipment during the 2019 coronavirus pandemic. The demand is expected to decline in the next few months as hospitals are postponing purchases to improve liquidity. However, protection of patients and hospital infrastructure from leakages of harmful gases that are directly related to the management especially during the COVID-19 crisis, is expected to witness a limited range of market adoption.

Strict regulations and working conditions imposed by the government to ensure occupational health in light of the pandemic and wide usage of gas detection for the detection and monitoring of combustible and toxic gases drives the segment growth. Similarly, rising investments in medical electronics, aerospace equipment, power and energy products, as well as upgrades to lighting solutions, provides an impetus to the segment growth. Other sectors such as automotive and transportation, building and construction, oil, gas and chemicals and food and beverage are also anticipated to contribute significant shares to the market growth

Buy Now : https://straitsresearch.com/buy-now/impact-of-covid-19-on-gas-sensors-market/global/

Key Players

Honeywell Analytics
MSA Safety
Amphenol
Figaro
Alphasense
Sensirion AG
AKM
Recent Developments

In November 2019, Sensirion AG, a sensor manufacturer, developed a new mass flow meter for measuring oxygen (O2) and laughing gas (N2O) levels. The product is anticipated to commercialize by the mid-2020.
In August 2019, Emerson Electric, Co. Ltd., an American technology leader, launched two new Rosemount 628 Universal Wireless Gas Sensors to detect three gases carbon monoxide, oxygen, and hydrogen sulfide simultaneously.
In March 2019, Amphenol, the U.S. based Fiber optic cable manufacturing company, launched the Telaire T3022 series of CO2
In January 2019, NGK Spark Plug Co., Ltd. acquired Caire Inc., a manufacturer of oxygen sensors, to expand its product portfolio with oxygen sensors.
In January 2019, Firago Engineering Inc. revealed its new digital TGS8101 IAQ, an ultra-compact gas sensor, which consists a metal oxide compound assembled for high operating temperatures to detect VOCs and alcohol gas.
In June 2018, Japan’s New Cosmos Electric Co., Ltd. launched gas detectors and alarms to ensure the safe use of liquefied natural gas (LNG) with digital signage displays.
In February 2018, the U.S. Underwriters Laboratories released two new smoke alarm and detector UL 217 and UL 268, focused on minimizing false alarms and smoke detection.
In August 2017, Cosmos Electric Co., Ltd. launched a range of gas detectors for the energy industry, such as portable combustible gas detector XP-3000 series, portable multi-gas detector XA-4400II, portable multi-gas detector XP-302M, personal CO/O2/H2S detector XX-2200 series, digital oxygen indicator XO-326IIS, portable VOC analyzer XG-100V, cart-type combustible gas detector XP-707IIIai, and fixed gas detector KD-12S
Impact of COVID-19 on Gas Sensors Market: Segmentation

By Technology

Electrochemical
Photoionization Detection (PID)
Metal Oxide Semiconductor (MOS)
By End-User

Automotive and Transportation
Building and Construction
Oil and Gas and Chemicals
Medical and Healthcare
Food and Beverage
By Region

North America
Europe
Asia-Pacific
SAMEA

Contact Us:
Email: sales@straitsresearch.com
Address: 825 3rd Avenue, New York, NY, USA, 10022
Tel: +1 6464807505, +44 203 318 2846
Website: https://straitsresearch.com/

About Us :
StraitsResearch.com is a leading market research and market intelligence organization, specializing in research, analytics, and advisory services along with providing business insights & market research reports.

This release was published on openPR.