Press release
Electrochemical Gas Sensors market will reach at USD 19.12 billion in 2032. City Technology, Alphasense, MEMBRAPOR, SGX Sensortech, Figaro, Draeger, Winsen, Dart, GE, Emerson
The global gas sensor market size was valued at USD 3.23 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 11.9% from 2022 to 2032. This market will reach at USD 19.12 billion in 2032. The major factor driving the market for gas sensors is the development of miniaturization and wireless capabilities, coupled with the improvement in the communication technologies that enable their integration into various devices and machines to detect toxic gases at a safe distanceThe Electrochemical Gas Sensors report is highly structured into a region-wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the market. The study helps understand how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR.
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The report provides a comprehensive analysis of company profiles listed below:
City Technology, Alphasense, MEMBRAPOR, SGX Sensortech, Figaro, Draeger, Winsen, Dart, GE, Emerson
Electrochemical Gas Sensors Market Types:
Inflammable Gas Type, Toxic Gas Type, Other Gases Type.
Electrochemical Gas Sensors Market Applications:
Civil Gas Safety, Chemical & Oil, Mining, Environmental, Others
Technology Insights
The electrochemical segment dominated the market in 2021 and accounted for a share of more than 21.0% of the global revenue. The demand for electrochemical sensors is rising as these sensors consume lesser power, have intrinsically safer operations, and offer better specificity to the target gas. Electrochemical technology can detect toxic gas concentration with the oxidation of target gas in the electrode and provides an efficient measurement of the resultant current. Such factors are expected to create more demand for electrochemical technology in gas sensors from the mining sector.
The infrared segment is anticipated to register the fastest growth during the forecast period in the gas sensor market. Infrared gas sensors detect various gases, including methane, carbon monoxide, and Volatile Organic Compounds (VOC) such as acetylene, benzene, butane, and others. These gas sensors are also used in monitoring oxygen levels in ventilators and incubators. The growth of the segment can also be attributed to the rising levels of pollution across the globe.
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Scope of this Report:
This report segments the global Electrochemical Gas Sensors market comprehensively and provides the closest approximations of the revenues for the overall market and the sub-segments across different verticals and regions.
The report helps stakeholders understand the pulse of the Electrochemical Gas Sensors market and provides them with information on key market drivers, restraints, challenges, and opportunities.
This report will help stakeholders to understand competitors better and gain more insights to better their position in their businesses. The competitive landscape section includes the competitor ecosystem, new product development, agreement, and acquisitions.
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