Global Gas Sensors Market

Global Gas Sensors Market: Projected to Reach US$ 3.3 Bn by 2030 with a CAGR of 9.66%

The global gas sensors market is poised for substantial growth, forecasted to escalate from US$ 1.8 Bn in 2023 to US$ 3.3 Bn by 2030, progressing at a CAGR of 9.66%. In terms of volume, the market size stood at 16.59 million units in 2023.

Growth Influencers:

The market's expansion is predominantly driven by the escalating demand for air quality monitoring and stringent government standards and regulations on emission control. These factors are vital in enhancing the adoption of gas sensors across various industries. However, the market faces challenges due to the high initial costs associated with gas sensors.

Segment Overview:

The market is categorized by product, technology, type, connectivity, output type, form factor, gas type, and application.

By Product

• Gas Analyzers & Monitors
• Gas Detectors
• Air Quality Monitors
• Consumer Devices
• Others

By Technology

• Electrochemical
• Semiconductors
• Catalytic
• Infrared
• Laser
• Flame Ionization Detection (FID)
• Carbon Nanotubes
• Others

By Type

• Metal Oxide based
• Optical
• Electrochemical
• Capacitance-based
• Calorimetric gas
• Acoustic based gas

By Connectivity

• Wired
• Wireless

By Output Type

• Analog
• Digital

By Form Factor

• Portable
• Handheld
• Fixed/Mounted

By Gas Type

• Oxygen
• Carbon Monoxide (CO)
• Carbon Dioxide (CO2)
• Hydrogen Cyanide (HCN)
• Nitrogen Oxide
• Hydrocarbons
• Other

By Application

• Automotive
• Consumer electronics
• Environmental
• Industrial
• Medical
• Petrochemical
• Others

Notably, the Gas Detectors segment is a significant contributor, projected to generate revenue of over US$ 1.56 Bn by 2030. In technology, the Electrochemical segment leads with over 35% market share in 2023, while the Infrared segment holds the second largest share. The market also observes substantial growth in the Electrochemical type and the Digital output type, showcasing the highest CAGR during the forecast period. The Fixed/Mounted form factor segment presents a notable growth opportunity, expected to reach over US$ 950 Mn between 2022-2030. Among gas types, the Carbon Dioxide (CO2) segment is anticipated to grow at the highest CAGR of over 10.5% by 2030. In applications, the Industrial segment dominates with more than 25% market share in 2023.

Regional Overview:

In the regional landscape, Asia Pacific dominates the market, holding the largest share of over 35% in 2023, with a revenue of US$ 629.96 Mn. Key countries contributing to this growth include China, India, and Japan. Other significant regions include North America and Europe, each contributing substantially to the global market dynamics. On the bases of region market has been divided into following:

North America

• US
• Canada
• Mexico

Europe

• UK
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe

Asia Pacific

• Japan
• China
• India
• Australia & New Zealand
• South Korea
• ASEAN
• Rest of Asia Pacific

Company Profile:

The competitive landscape is marked by the presence of major players, with a cumulative market share of approximately 47.0%. Key players such as AlphaSense Inc., ABB Ltd., Amphenol, Emerson Electric, and Honeywell Analytics are pivotal in driving the market through innovations and strategic developments. Below are the companies that are profile in this report:

• AlphaSense Inc.
• ABB Ltd.
• Amphenol
• Dynament Ltd.
• Emerson Electric, Co. Ltd.
• Figaro Engineering
• GASTEC Corporation
• Honeywell Analytics
• MEMBRAPOR AG
• MSA Safety Inc.
• Nemoto & Co. Ltd
• Robert Bosch GmbH
• Sensirion
• Siemens
• DENSO Corporation
• Other Prominent Players

Value Addition:

The report provides insights into the applications of gas sensors based on 2-D nanomaterial, highlighting technological advancements and emerging trends in the market.

Report Insights:

• The gas sensors market is projected to grow significantly, reaching US$ 3.3 Bn by 2030.
• Air quality monitoring and emission control regulations are key drivers.
• Asia Pacific leads the market, with significant contributions from key countries.
• Electrochemical and Infrared technologies are prominent in the market.

Questions to be Answered:

• What are the key factors driving the global gas sensors market?
• How are different segments contributing to market growth?
• What role does Asia Pacific play in the global market scenario?
• What are the emerging trends and technologies in the gas sensor market?