Press release
Global Gas Sensors Market: Strong Growth Propelled by a CAGR of 9.7%, Environmental Regulations, and Rapid Urbanization
Gas Sensors Market Size
What Is The Projected Market Size Of The Global Gas Sensors Market And Its Growth Rate?
• The gas sensors market will grow from $2.34 billion in 2024 to $2.57 billion in 2025, marking a compound annual growth rate (CAGR) of 9.6%.
• The growth in the historic period can be attributed to several factors such as environmental concerns and regulations, growing industrialization, consumer electronics integration, healthcare applications, and rising demand in automotive emission control and oil & gas exploration.
• The gas sensors market size is expected to see strong growth in the next few years, with projected growth to $3.72 billion in 2029 at a CAGR of 9.7%.
What Is Driving The Growth In The Gas Sensors Market?
The growth of the gas sensor market is expected to be driven by increasing air pollution. Gas sensors, which help detect the presence and concentration of gases in the air and prevent dangerous situations, have seen an increase in demand due to the global rise in air pollution levels. As per a report published by the World Economic Forum, the global atmospheric CO2 concentration is anticipated to increase further, necessitating the use of gas sensors.
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Who Are the Key Players Driving Gas Sensors Market Growth?
• 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,
• Yokogawa Electric Corporation
What Are The Key Trends In The Gas Sensors Market?
• Rapid urbanization
• IoT integration
• Smart manufacturing
• Healthcare applications
• Automotive safety regulations
• Miniaturization and portability
What Are The Segments Of The Global Gas Sensors Market?
1) By Gas Type: Carbon Monoxide, Methane, Hydrogen, Ammonia, Oxygen, Other Gas Types
2) By Technology: Infrared Gas Sensor, Photo Ionization Sensors, Electrochemical Gas Sensors, Thermal Conductivity Gas Sensors, Metal Oxide-Based Gas Sensor, Catalytic Gas Sensor, Other Technologies
3) By End Use: Defense And Military, Healthcare, Consumer Electronics, Automotive And Transportation, Industrial, Other End Users
Which Region Leads The Gas Sensors Market?
The Asia-Pacific region took the lead in the gas sensors market in 2024. The growth in this region is driven by environmental regulations and rising industrial automation, along with continued expansion in oil & gas industry and healthcare sector growth.
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What Is Covered In The Gas Sensors Market Global Market Report?
- Market Size Analysis: Analyze the Gas Sensors Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Gas Sensors Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Gas Sensors Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Gas Sensors Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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