The gas sensor market is projected to reach USD 3.13 billion by 2032 from USD 1.62 billion in 2024 at a CAGR of 8.6% during the forecast period. The gas sensor market is showing a significant growth trend, as it is increasingly being applied in critical industries such as oil & gas, chemicals, mining, and power. Gas sensors are critical in leak detection, emission monitoring, and safety compliance in these sectors. Increased awareness of health hazards from air pollution has increased the demand for gas sensors in outdoor and indoor air quality monitoring systems.
Environmental Protection Agency (EPA), also drive adoption in the region, and in other countries such as those in Europe and Asia-Pacific, particularly in industries with construction, automotive, and consumer electronics where VOC emissions are required to be closely monitored. Another factor driving the VOC gas sensor market is that it is integrated into smart home systems and air purifiers. The smart home technology has made VOC monitoring an essential feature of modern air quality devices, which would otherwise be a concern among consumers about health and wellness.
Infrastructure development is the top priority of the Chinese government, and it has started various development projects. It is a potential market for gas sensors, owing to the increasing number of ongoing building and infrastructure development projects as well as healthcare projects in the country. Government programs, such as the Made in China 2025 program, promote indigenous production and innovation in sensor technologies. And China's plans to be carbon neutral in 2060 have intensified regulations, and gas sensors are employed more intensively for purposes of environmental monitoring, controls on emissions, and workplace safety.
Oil & Gas segment to account for significant market share for the gas sensor market during the forecast period.
Oil & gas refineries and plants are prone to multiple hazards, which include the combustibility of harmful and deadly gases. Growing interest in reducing greenhouse gas emissions in the oil and gas industry is compelling companies to implement more advanced technologies in gas sensing. As methane emissions represent nearly half of the operational emissions of the sector, the solutions that provide real-time detection and monitoring have become more and more critical. Backed by regulatory frameworks like the EPA's methane reduction initiatives and international methane pledges, the demand for advanced detection systems is likely to increase. International Methane Emissions Observatory (IMEO) launched Eye on Methane data platform in November 2024, using satellite data to spur global methane reduction efforts. It mainly focuses on the UNEP's Methane Alert and Response System, in terms of how such data is used to spur action within the oil and gas industry.Volatile Organic Compounds to account the largest market share in the market during the forecast period.
The volatile organic compounds (VOC) segment holds the largest market share in the gas sensor market due to the increasing demand for VOC monitoring across industrial, commercial, and residential applications. Most harmful gases such as benzene, toluene, and formaldehyde are some VOCs, which cause health as well as environmental hazards. As people are getting more conscious of indoor air quality and harmful effects of VOC exposure, there is an increased demand for gas sensors that can sense VOCs. Regulations on air quality standards, similar to those by the U.S.Environmental Protection Agency (EPA), also drive adoption in the region, and in other countries such as those in Europe and Asia-Pacific, particularly in industries with construction, automotive, and consumer electronics where VOC emissions are required to be closely monitored. Another factor driving the VOC gas sensor market is that it is integrated into smart home systems and air purifiers. The smart home technology has made VOC monitoring an essential feature of modern air quality devices, which would otherwise be a concern among consumers about health and wellness.
China to witness significant growth in the gas sensor market during the forecast period.
The economic development of China is ongoing with rapid industrialization and improvement of its infrastructure, and the development is well-established towards upgrading the standard of living for citizens. China's gas sensor market is booming due to the various infrastructure development projects under the Chinese government's Belt and Road Initiative (BRI).Infrastructure development is the top priority of the Chinese government, and it has started various development projects. It is a potential market for gas sensors, owing to the increasing number of ongoing building and infrastructure development projects as well as healthcare projects in the country. Government programs, such as the Made in China 2025 program, promote indigenous production and innovation in sensor technologies. And China's plans to be carbon neutral in 2060 have intensified regulations, and gas sensors are employed more intensively for purposes of environmental monitoring, controls on emissions, and workplace safety.
The break-up of the profile of primary participants in the gas sensor market:
- By Company Type: Tier 1 - 40%, Tier 2 - 30%, Tier 3 - 30%
- By Designation Type: C Level - 30%, Director Level - 40%, Others - 30%
- By Region Type: North America - 35%, Europe - 30%, Asia Pacific - 25%, Rest of the World - 10%
Research Coverage
The report segments the gas sensor market and forecasts its size by product, type, technology, output type, connectivity, end use, and region. It also provides a comprehensive review of drivers, restraints, opportunities, and challenges influencing market growth. The report covers qualitative aspects in addition to quantitative aspects of the market.Reasons to buy the report:
The report will help the market leaders/new entrants in this market with information on the closest approximate revenues for the overall gas sensor market and related segments. This report will help stakeholders understand the competitive landscape and gain more insights to strengthen their position in the market and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, opportunities, and challenges.The report provides insights on the following pointers:
- Analysis of key drivers (rising demand for gas sensors in critical industries such as oil & gas, chemicals, mining, and power, formulation and implementation of several health and safety regulations globally, integration of gas sensors into HVAC systems and air quality monitors, the surge in demand for autonomous vehicles), restraints (intense pricing pressure resulting in decline in average selling prices (ASPs), complexities associated with developing industry-specific gas sensors), opportunities (incorporation of Internet of Things (IoT), cloud computing, and big data technologies into gas sensors, growing adoption of gas sensors in consumer electronics industry, increasing demand for miniaturized wireless gas sensors), and challenges (technical issues, high cost, and difficulty in fabrication)
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new solution and service launches in the gas sensor market.
- Market Development: Comprehensive information about lucrative markets - the report analyses the gas sensor market across varied regions.
- Market Diversification: Exhaustive information about new solutions and services, untapped geographies, recent developments, and investments in the gas sensor market.
- Competitive Assessment: In-depth assessment of market shares, growth strategies, and solution and service offerings of leading players, including Honeywell International Inc. (US), MSA (US), Amphenol Corporation (US), Figaro Engineering Inc. (Japan), and Alphasense Inc. (UK).
Table of Contents
1 Introduction
2 Research Methodology
4 Premium Insights
5 Market Overview
6 Gas Sensor Market, by Product
7 Gas Sensor Market, by Output Type
8 Gas Sensor Market, by Connectivity
9 Gas Sensor Market, by Technology
10 Gas Sensor Market, by Type
11 Gas Sensor Market, by End Use
12 Gas Sensor Market, by Region
13 Competitive Landscape
14 Company Profiles
15 Appendix
List of Tables
List of Figures
Companies Mentioned
- Honeywell International Inc.
- Msa Safety Incorporated
- Amphenol Corporation
- Sensirion AG
- Ams-Osram AG
- Figaro Engineering Inc.
- Alphasense
- Process Sensing Technologies
- Membrapor
- Senseair Ab (Asahi Kasei Microdevices)
- Nissha Co. Ltd.
- Fuji Electric Co. Ltd.
- Renesas Electronics Corporation
- Danfoss
- Gasera Ltd.
- Infineon Technologies AG
- Niterra Co. Ltd.
- Breeze Technologies
- Elichens
- Bosch Sensortec GmbH
- Edinburgh Sensors
- Gastec Corporation
- Nemoto & Co. Ltd.
- Spec Sensors
- Sia Mipex
- Cubic Sensor and Instrument Co. Ltd.
- Winsen
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 301 |
| Published | January 2025 |
| Forecast Period | 2024 - 2032 |
| Estimated Market Value ( USD | $ 1.62 Billion |
| Forecasted Market Value ( USD | $ 3.13 Billion |
| Compound Annual Growth Rate | 8.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 27 |
