San Francisco, 21 May 2019 – “Gas Sensor Market Size, Share & Trends Analysis Report By Product (CO2, NOx, CO, O2 Sensors), By Technology (Semiconductor, Infrared), By End Use (Building Automation & Domestic Appliance, Industrial), And Segment Forecasts, [2019 – 2025]”
The global gas sensor market size is anticipated to reach USD 3.43 billion by 2025 registering a CAGR of 7.8%, according to a new report by Grand View Research, Inc. Factors, such as increased demand for smart & wireless gas sensors and regulatory initiatives in developed markets of North America and Europe, have propelled the product adoption. A gas sensor is a device that detects the presence of gases in particular areas and is often integrated into a safety system. It consumes low power and can be integrated into portable handheld devices, which further creates opportunities for market growth.
Technological developments, such as enhancement of MEMS sensors, and need for hydrogen detection on account of its use as a fuel are also expected to contribute to industry growth. The introduction of embedded electronics, coupled with sophisticated firmware and improved manufacturing techniques, has enabled developments in gas detection technologies. Numerous sensors are used to monitor emission levels and air quality in the automotive industry. Moreover, the accelerated use of wireless sensor technologies and semiconductor-based sensors is expected to drive the market further.
The Infrared (IR) technology segment is anticipated to witness the highest CAGR as IR enables the measurement of a wide variety of gases including methane, Carbon Dioxide (CO2), and Volatile Organic Compounds (VOCs) such as acetylene, benzene, and butane. Moreover, rising need for safety in the industrial sector is boosting the product demand further, creating new opportunities for market growth.
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Further key findings from the study suggest:
- The demand for gas sensors has increased over the last few years owing to their real-time monitoring, cost effectiveness, and reliability in performance
- The U.S. government is investing considerable amount of monetary and non-monetary resources to encourage product adoption across various sectors and carry out initiatives, such as smart cities
- Stringent safety regulations to protect workers from hazardous gases in different industries are also boosting product demand, thereby driving the market growth
- Various end users are adopting electrochemical sensors owing to their features, such as indoor air quality, emission control, and landfill gas detection
- Some of the Key companies in the market include ABB Ltd., Nemoto & Co. Ltd.; and Robert Bosch LLC
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Grand View Research has segmented the global gas sensor market on the basis of product, technology, end use, and region:
Gas Sensor Product Outlook (Volume, Million Units; Revenue, USD Million, 2014 – 2025)
- Oxygen (O2)/Lambda
- Carbon Dioxide (CO2)
- Carbon Monoxide (CO)
- Methyl Mercaptan
Gas Sensor Technology Outlook (Revenue, USD Million, 2014 – 2025)
- Solid State/MOS
- Photo-Ionization Detector (PID)
- Infrared (IR)
Gas Sensor End Use Outlook (Volume, Million Units; Revenue, USD Million, 2014 – 2025)
- Building Automation & Domestic Appliances
Gas Sensor Regional Outlook (Volume, Million Units; Revenue, USD Million, 2014 – 2025)
- North America
- Asia Pacific
- South America
- Middle East & Africa
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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