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Infrared Gas Sensor Market Size is Expected to Reach $447 Million by 2031 | Growing at a CAGR of 8.7%
Infrared Gas Sensor Market
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Infrared gas sensors are smart electronic devices that are used for detection and identification of various types of combustible and non-combustible gases in an indoor or outdoor environment. The ndir gas sensor are interfaced with a control system, so it can detect a leakage and provide the initiating signal to shut down or raise an alarm. These infrared gas sensors are deployed in various end uses such as defense and military, industrial automotive among others.
The fixed type of gas detection segment was the highest contributor to the infrared gas sensor industry in 2021, owing to the advancement in IR sensors that promotes the usage of infrared technology for gas detection. In addition, the incorporation of IoT in infrared oxygen sensor has extended its penetration for industrial use.
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In addition, industrial had significant market share in 2021, due to major deployment in industrial end use for detection of combustible gas leakages for safety and security. Further, penetration of IoT, artificial intelligence and machine learning in industries drives the market for infrared gas sensor.
Competitive Analysis:
The company profile section of the Infrared Gas Sensor Market report covers strategic developments, business overview, product offerings, and financial performance of the companies. It also highlights the strategies adopted by companies such as products launch, agreements, partnerships, acquisitions mergers, collaborations, joint ventures, research & development investment, and regional expansion in the past few years.
Some of the major key players of the global Infrared Gas Sensor Market include,
• Figaro engineering, inc
• Senseair
• Dynament
• SmartGAS
• SGX Sensor tech
• Honeywell International Inc.
• AlphaSense Inc.
• Heimann
• Amphenol Corporation
• Dräger
Report Overview:
https://www.alliedmarketresearch.com/infrared-gas-sensor-market-A08273
Morover, Asia-Pacific has major penetration of infrared gas sensors due to establishment of various industries such as oil & mining, construction, automotive manufacturing among others. The region includes China, Japan, India, South Korea, and rest of Asia-Pacific. Japan and China are technologically advanced countries, which exhibit high demand for infrared gas sensors. Emerging countries, such as India, are expected to drive the infrared gas sensor market growth.
Country wise, China holds a significant share in the global infrared gas sensor market, owing to the presence of prime players. Major organizations and government institutions in the country are intensely putting resources into this global infrared gas sensor. These prime sectors have strengthened the growth of the global infrared gas sensor market analysis in the region.
Key Findings of the Study
• The fixed segment accounted for maximum revenue, and is projected to grow at a notable CAGR during the forecast period.
• China contributed for the major share in the Infrared Gas Sensor Market Trends, accounting for highest revenue share in 2021.
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