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Gas Sensors Market was Valued USD 1.6 billion in 2021 and Estimated to Reach USD 3.1 billion in 2029 | Size, Share, Analysis & Industry Report
GMI Research's leadership team with extensive experience in research and consulting together with our research and domain expertis
Gas Sensors Market Was Projected USD 1.6 billion in 2021 and projected to touch USD 3.1 billion in 2029 and expand at a significant CAGR of 8.5%.
For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/gas-sensors-market-size-share-analysis-industry-research/
The factors driving the growth of Gas Sensors Market includes increasing application of gas sensors in end-user industries such as Pharmaceuticals, Mining and Healthcare, rise in the production of oxygen, growing awareness amongst consumers about air quality monitoring and regulations imposed by Governments to prevent the emission of harmful gases into the air. According to the report published by Statista, the production of oxygen in Germany has increased from 5,562 billion cubic meters in 2020 to 6.76 billion cubic meters in 2021, which will accelerate the Global Gas Sensors Market in the approaching years. Moreover, rise in the number of smart cities around the world, networking of gas sensors using advanced technologies, Internet of Things (IoT), Cloud Computing and Artificial Intelligence (AI), degrading air quality and growing demand for miniaturized wireless gas sensors, are some of the additional factors supplementing the Gas Sensors Market size. In addition, the increasing investments by leading players on research and development, rising application of gas sensors in consumer electronic devices, rapid urbanization, and growing population growth rates, are further contributing towards the market growth.
However, growth of the Gas Sensors Market is hindered attributed to intense competition resulting to fall in the price of gas sensors.
The major players operating in the market are Membrapor, Nemoto & Co. Ltd., Siemens, ABB Ltd, Dynament, AlphaSense Inc., FLIR Systems, Inc., Robert Bosch LLC, GfG Gas Detection UK Ltd, Figaro Engineering Inc. and City Technology Ltd., among others.
Based on Gas Type, the Oxygen segment is predicted to hold the highest market share during the forecast period
Increasing application of oxygen across end-use industries such as medical, food & beverages and automotive & transportation, is propelling growth of the segment.
Based on Technology, the Electrochemical segment is projected to lead the market over the forecast period
Increasing use of electrochemical technology in automotive and oil & gas industries for detecting toxic gases, is pushing growth of the segment.
Based on Region, the Asia-Pacific region is anticipated to capture the largest market share during the forecast period
Strict regulations imposed by Governments for reducing greenhouse gas emissions, growing adoption of advanced technologies by manufacturers, rise in the number of smart city projects across India, China and Indonesia and high population growth rates, are some of the important factors augmenting the market growth in Asia-Pacific region.
Key Developments
In 2019, NevadaNano introduced Molecular Property Spectrometer Smart Gas Sensors, which is designed to detect better LGW refrigerant, methane and flammable gases use across several industries.
In 2020, CO2Meter Florida-based gas detection in partnership with safety monitoring instruments manufacturing company introduced CM-7000 a new multi-sensor system. The new system can monitor up to 12 sensors from an eight-inch touchscreen control panel in food and beverage industries such as restaurants, breweries and agriculture facilities.
In 2020, Gas Sensing Solutions, one of the leading developers of solid-state gas sensors has introduced a new CozIR-LP3 ultra-low-power CO₂ sensor based on GSS proprietary solid-state non-dispersive infra-red (NDIR) LED technology.
Market Segmentation
Segmentation by Gas Type
Carbon Monoxide
Oxygen
Carbon Dioxide
Hydrocarbons
Nitrogen Oxide,
Volatile Organic Compounds
Segmentation by Technology
Electrochemical
Photoionization Detectors
Solid State/Metal Oxide Semiconductor
Catalytic
Infrared
Laser
Others
Segmentation by Sensor Type
Wired
Wireless
Segmentation by End-User
Aerospace & Defence
Medical
Automotive & Transportation
Industrial Safety
Oil & Gas
Consumer Electronics
Environmental Monitoring
Others
Segmentation by Region
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
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