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Gas Sensor Market worth $4.11 billion by 2030, growing at a CAGR of 7.34% - Exclusive Report by 360iResearch
Gas Sensor Market | 360iResearch
The Global Gas Sensor Market to grow from USD 2.50 billion in 2023 to USD 4.11 billion by 2030, at a CAGR of 7.34%.
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Gas sensors are devices that detect and respond to the presence and variation of specific gaseous pollutants. Gas sensors monitor and prevent potential hazards in industries, commercial establishments, and homes where certain gases may lead to health hazards, fire, or explosion. In most instances, gas sensors operate based on the principle of interaction between the specific gas in the atmosphere and the sensor material, resulting in a change in resistance that triggers an alarm once it exceeds certain thresholds. Escalating concerns over environmental pollution with the stringent implementation of safety regulations by government and regulatory authorities are driving the usage of gas sensors. Furthermore, the recent advancements in wireless connectivity in sensor technology create a platform for market growth. High costs associated with the production and maintenance of advanced gas sensors and the availability of technical issues related to miniaturization and long-term stability hamper market growth. Growing development of cost-efficient production techniques and increasing focus on the reliability and longevity of the sensors are expected to create opportunities for market growth. Moreover, the ongoing creation and implementation of gas sensors with better accuracy, specificity, and less power consumption are expected to expand the market scope.
The gas sensor market in the Americas is rapidly expanding due to advancements in the industry sectors, including petrochemical, healthcare, and the automotive industry. A strong demand for portable gas detectors in the country further boosts the market. Europe, specifically the European Union countries, possesses a strong market due to stringent government regulations for safety at workplaces and residential areas, subsequently expanding the usage of gas sensors in Europe. Increased investment in smart city projects and sustainable building infrastructure with a shift towards renewable energy sources further fuels the market for gas sensors in Europe. The Middle East and Africa represent a potential region for market vendors due to the rapid growth of the oil & gas industry, including refineries and petrochemical plants, with a rising demand for gas leak detection devices. Rapid industrialization, accelerating urbanization, and increasing awareness toward health and safety are expanding the gas sensor market in Asia-Pacific. Accelerating digitalization and industry 4.0 initiatives by governments across the region is expected to create a platform for the gas sensor market in Asia-Pacific.
Market Segmentation & Coverage:
This research report categorizes the Gas Sensor Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Technology, market is studied across Catalytic, Electrochemical, Laser, Non-Dispersive Infrared, Photo Ionization Detector, Semiconductor, and Solid State. The Non-Dispersive Infrared is further studied across Quantum Type and Thermal Type. The Electrochemical commanded largest market share of 20.32% in 2023, followed by Non-Dispersive Infrared.
Based on Gas Type, market is studied across Ammonia, Carbon Dioxide, Carbon Monoxide, Chlorine, Hydrocarbons, Hydrogen, Nitrogen Oxide, and Oxygen. The Carbon Dioxide commanded largest market share of 19.34% in 2023, followed by Hydrocarbons.
Based on Connectivity, market is studied across Wired Gas Sensor and Wireless Gas Sensor. The Wireless Gas Sensor commanded largest market share of 56.65% in 2023, followed by Wired Gas Sensor.
Based on End Use, market is studied across Automotive, Consumer Electronics, Environmental, Industrial, Medical, and Petrochemical. The Industrial commanded largest market share of 27.12% in 2023, followed by Petrochemical.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 37.55% in 2023, followed by Americas.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Gas Sensor Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Gas Sensor Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Gas Sensor Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., AerNos, Inc., Alphasense Ltd. by AMETEK, Inc., Amphenol Corporation, ams-OSRAM AG, Applied Techno Systems, Asahi Kasei Corporation, Bartels Mikrotechnik GmbH, Danfoss A/S, eLichens, Flusso Limited, Gas Sensing Solutions Ltd., Gastec Corporation, Honeywell International Inc., Interlink Electronics, Inc., MEMBRAPOR AG, Microsens SA, N5Sensors, New Cosmos Electric Co., Ltd., Nissha Co., Ltd., Niterra Co., Ltd., Process Sensing Technologies Ltd., Robert Bosch GmbH, Sciosense B.V., Sensirion AG, Sensorix GmbH, smartGAS Mikrosensorik GmbH, Toshiba Corporation, Vighnaharta Technologies Pvt. Ltd., and Zhengzhou Winsen Electronics Technology Co., Ltd..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Gas Sensor Market, by Technology
7. Gas Sensor Market, by Gas Type
8. Gas Sensor Market, by Connectivity
9. Gas Sensor Market, by End Use
10. Americas Gas Sensor Market
11. Asia-Pacific Gas Sensor Market
12. Europe, Middle East & Africa Gas Sensor Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Gas Sensor Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Gas Sensor Market?
3. What is the competitive strategic window for opportunities in the Gas Sensor Market?
4. What are the technology trends and regulatory frameworks in the Gas Sensor Market?
5. What is the market share of the leading vendors in the Gas Sensor Market?
6. What modes and strategic moves are considered suitable for entering the Gas Sensor Market?
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