Infrared Gas Sensor Market Development, Current Analysis and Growth Forecast to 2031

According to a new report published by Allied Market Research, titled, Infrared Gas Sensor Market Size, Share, Competitive Landscape and Trend Analysis Report by Type (Fixed, Portable), by Industry Vertical (Defense and Military, Healthcare, Consumer Electronics, Automotive, Industrial, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031

The infrared gas sensor market size was valued at $198.60 million in 2021, and is estimated to reach $447 million by 2031, growing at a CAGR of 8.7% from 2022 to 2031. Asia-Pacific held the major share in 2021, garnering nearly half of the global infrared gas sensor market revenue. The same region would also showcase the fastest CAGR of 9.53% from 2022 to 2031.

Download Research Report Sample & TOC @ https://www.alliedmarketresearch.com/request-sample/8638

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 infrared gas sensor are cost-effective and have continuous real-time monitoring due to IoT integration and because of these factors, the infrared gas sensor market is expected to rise steadily in the coming years. The necessity to monitor air quality in cities because of rise in pollution is also leading to growth of this market. Travel restriction because of pandemic is one the factor hampering the growth of infrared gas sensor market.

Inquiry Before Buying @ https://www.alliedmarketresearch.com/purchase-enquiry/8638

The global infrared gas sensor market is analyzed across type, industry vertical, and region.

By type, the fixed segment held the largest share in 2021, garnering around over half of the global infrared gas sensor market revenue, and is projected to maintain its dominance by 2031. It is also expected to showcase the faster CAGR of 9.15% during the forecast period.

By industry vertical, the industrial segment contributed just over one-fourth of the global infrared gas sensor market share in 2021, and is projected to remain dominant by 2031. The healthcare segment, however, would display the fastest CAGR of 12.03% throughout the forecast period.

By region, Asia-Pacific held the major share in 2021, garnering nearly half of the global infrared gas sensor market revenue. 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. However, the other underdeveloped countries are expected to hamper the growth of the Asia-Pacific region.

Request for Customization @ https://www.alliedmarketresearch.com/request-for-customization/8638

The key infrared gas sensor market leaders profiled in the report include AlphaSense Inc., Dräger, Dynament, Senseair, SmartGAS, Figaro engineering.inc, Amphenol Corporation, Heimann, Honeywell International Inc. and SGX Sensor tech. These key players adopt several strategies such as new product launch and development, acquisition, partnership and collaboration and business expansion to increase the infrared gas sensor market share during the forecast period.

KEY FINDINGS OF THE STUDY
• In 2021, 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.

Contact us:
David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Follow us on: https://www.linkedin.com/company/allied-market-research

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.