Press release
Gas Sensors Market Size, Share Analysis, Growth And Forecast 2024-2033
Gas Sensors Market Size
According to The Business Research Company's, The gas sensors market size has grown rapidly in recent years. It will grow from $2.16 billion in 2023 to $2.38 billion in 2024 at a compound annual growth rate (CAGR) of 10.4%. The growth in the historic period can be attributed to environmental concerns and regulations, growing industrialization, consumer electronics integration, healthcare applications, automotive emission control, rise in oil & gas exploration.
The gas sensors market size is expected to see strong growth in the next few years. It will grow to $3.47 billion in 2028 at a compound annual growth rate (CAGR) of 9.9%. The growth in the forecast period can be attributed to stringent environmental regulations, rising industrial automation, continued expansion in oil & gas industry, healthcare sector growth, automotive industry demand. Major trends in the forecast period include rapid urbanization, iot integration, smart manufacturing, healthcare applications, automotive safety regulations, miniaturization and portability.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/gas-sensors-global-market-report
Market Drivers and Trends:
The growing air pollution is expected to propel the growth of the gas sensor market going forward. Air pollution refers to the presence of harmful substances in the air that can have negative impacts on human health and the environment. These substances include particulate matter, ozone, nitrogen oxides, sulfur dioxide, and other chemicals and particles that are released into the air. Gas sensors are devices that are used to detect the presence and concentration of certain gases in the air. They can also be used to detect gas leaks and help prevent dangerous situations. For instance, in November 2022, according to the report published by World Economic Forum, a Switzerland-based independent international organization, in 2021, the global atmospheric CO2 concentration climbed by 2.5 parts per million (ppm), and it is anticipated that it will rise by another 2.5 ppm in 2022, bringing the average annual worldwide atmospheric concentration to 417.2 ppm. This amounts to a roughly 51% increase in atmospheric CO2 above pre-industrial levels. Therefore, the increasing air pollution is driving the growth of the gas sensor market.
Product innovation is a key trend in gaining popularity in the gas sensor market. Major companies operating in the gas sensor market are focused on developing innovative products to strengthen their position in the market. For instance, in March 2021, Robert Bosch GmbH's Bosch Sensortec, a Germany-based company that manufactures gas sensors and electronic products launched the BME688 sensor. The first air quality MEMS sensor, which effectively creates the smallest four-in-one air quality monitoring system in the world by combining gas, humidity, temperature, and barometric pressure detection with cutting-edge artificial intelligence (AI) capacity. The new BME688 is perfect for cutting-edge, tailored applications like timely forest fire warnings and food deterioration detection by detecting the gases present and monitoring temperature and humidity fluctuations.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=9073&type=smp
Major Key Players of the Market:
Honeywell International Inc; Amphenol Corporation; Figaro Engineering Inc; Dynament; Membrapor AG; Nemoto & Co. Ltd.; Robert Bosch GmbH; Sensirion AG; Asea Brown Boveri Ltd; Teledyne FLIR LLC; Siemens AG; City Technology Ltd.; GfG Gas Detection UK Ltd.; Senseair; Gastec Corporation; austriamicrosystems AG; AlphaSense Inc.; NevadaNano; MicroSensor Corporation; Dryad; Pendar Technologies; Alphasense Ltd.; Aeroqual Ltd.; Kapitalgesellschaft; Winsen Electronics Technology Co. Ltd.; MSA Safety Incorporated; Cubic Sensor and Instrument Co. Ltd; FIGARO Engineering Inc.; Entertainment Support Personnel Corporation ; Yokogawa Electric Corporation
Gas Sensors Market 2024 Key Insights:
• The gas sensors market will grow to $3.47 billion in 2028 at a compound annual growth rate (CAGR) of 9.9%.
• Gas Sensor Market Surges In Response To Escalating Global Air Pollution
• World's Smallest Four-In-One Air Quality Sensor Ushers In A New Era Of Environmental Monitoring
• Asia-Pacific was the largest region in the gas sensor market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=9073&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Gas Sensors Market Size, Share Analysis, Growth And Forecast 2024-2033 here
News-ID: 3770291 • Views: …
More Releases from The Business research company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Sensor
Ultrasonic Oxygen Sensor Market, Ultrasonic Oxygen Sensor Market Size, Ultrasoni …
Fairfield Market Research offers a complete understanding of the Global Ultrasonic Oxygen Sensor Market in its latest research report. The report includes an unbiased analysis of the market dynamics. The report covers growth prospects, market development potential, product profitability, supply and demand curves and predictions, and government policies. The report has been put together using reliable tools to assess the primary and secondary data. The data is represented in the…
Wheel Speed Sensor Market Growing Up By Sensor Type: Passive Sensor, Active Sens …
Acumen Research and Consulting has announced the addition of the "Wheel Speed Sensor Market” report to their offering.
The Wheel Speed Sensor Market Report 2018 is an in depth study analyzing the current state of the Wheel Speed Sensor Market. It provides brief overview of the market focusing on definitions, market segmentation, end-use applications and industry chain analysis. The study on Wheel Speed Sensor Market provides analysis of China market covering…
Smart Sensor Market - Transportation System Infrastructure & Aerospace Industrie …
Smart sensor market is expected to reach $15,840 million in 2023 from $4,805 million in 2016, growing at a CAGR of 18.4% from 2017 to 2023. Smart sensor have become an integral part of the aerospace and transportation industry. The robust growth in automobile sector, inclination of society towards IoT, development of smart cities, and surge in security threats are some of the major factors that drive the demand for…
Global Body Sensor Market - By Type (EEG Sensor, Visual Sensor, Respiration Sens …
Market Research Reports Search Engine (MRRSE) has recently updated its massive report catalog by adding a fresh study titled “Global Body Sensor Market - Assessment Covering Growth Factors and Upcoming Trends by 2022 End”. This business intelligence study encapsulates vital details about the market current as well as future status during the mentioned forecast period of 2022. The report also targets important facets such as market drivers, challenges, latest trends,…
Biochemical Sensor Market Report 2018: Segmentation by Product (Electrochemical …
Global Biochemical Sensor market research report provides company profile for GE Healthcare (U.S.), Thermo Fisher Scientific. (U.S.), Honeywell International Inc. (U.S.), Bio-Rad Laboratories Inc. (U.S.), Polestar Technologies Inc. (U.S.), Microchip Technology Inc. (U.S.) and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and…
Smart Wearable Fitness Devices Sensors Market to 2025 Temperature Sensor, Pressu …
The report begins from overview of Industry Chain structure, and describes industry environment, then analyses market size and forecast of Smart Wearable Fitness Devices Sensors by product, region and application, in addition, this report introduces market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.
This research report is equipped with the information categorizing Smart Wearable Fitness Devices…
