The global gas sensor market size is anticipated to reach USD 4.10 billion by 2027, registering a CAGR of 8.3% from 2020 to 2027, according to a new report by Grand View Research, Inc. Factors such as increased demand for smart and wireless gas sensors and regulatory initiatives in developed markets of North America and Europe have propelled the adoption of gas sensors. The introduction of embedded electronics, coupled with sophisticated firmware and improved manufacturing techniques, has enabled developments in gas detection technologies.
A
gas sensor is a device that detects the presence of gases in a particular area
and is often integrated into a safety system. These sensors consume low power
and can be integrated into portable handheld devices, which is expected to
create opportunities for market growth.Technological developments, such as
enhancement of Microelectromechanical Systems (MEMS) sensors, and need for
hydrogen detection on account of its use as a fuel are also expected to
contribute to the growth.
The
increased adoption of gas sensors can be attributed to the high need for safety
in the industrial sector such as oil and gas, power generation, and
manufacturing.For instance, theOccupational Safety and Health Administration
under the U.S. Department of Labor has implemented the Health and Safety at
Work Act, which requires industrial facilities to install gas sensors for
monitoring the emission levels and air quality among industries. In addition,
implementation of advanced wireless sensor technologies with mesh network in industries
is further creating opportunities for the market growth. The infrared
technology segment is anticipated to witness substantial growth as it enables
the measurement of a wide variety of gases including methane, carbon dioxide,
and Volatile Organic Compounds (VOC) such as acetylene, benzene, and butane.
This is anticipated to further fuel the market growth.
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https://www.grandviewresearch.com/industry-analysis/gas-sensors-market
Further key
findings from the report suggest:
- The demand for gas sensors
has increased over the years owing to their reliability in performance,
real-time monitoring, and cost effectiveness
- The demand for oxygen
sensors is expected to be supported by the improved precision, decreasing
per unit cost of sensors, and growing applications across end-use
industries
- The wired segment dominates
the gas sensor market owing to the cost-effectiveness and accuracy.
However, the demand for wireless segment is expected to witness
significant over the forecast period, owing to the less complexity and
easy accessibility
- The high demand for
electrochemical sensor can be attributed to their use in applications such
as indoor air quality detection, emission control, and landfill gas
detection
- The U.S. government is
investing considerable amount of monetary and non-monetary resources to
encourage the adoption of gas sensors across various sectors and carry out
initiatives such as smart cities
- Stringent safety regulations
to protect workers from hazardous gases in industries are boosting the
market growth
- Key market players include
AlphaSense, City Technology Ltd.,Dynament Ltd., Figaro Engineering,
Membrapor AG, Nemoto & Co., Ltd., Robert Bosch LLC., ABB Ltd., Siemens
AG, and GfG Europe Ltd
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https://www.grandviewresearch.com/industry-analysis/gas-sensors-market/request/rs1
Grand View Research has segmented
the global gas sensor market based on product, type, technology, end use, and
region:
Gas Sensor Product
Outlook (Volume, Million Units; Revenue, USD Million, 2016 - 2027)
- Oxygen/Lambda Sensors
- Carbon Dioxide Sensors
- Carbon Monoxide Sensors
- NOx Sensors
- Methyl Mercaptan Sensor
- Others (Hydrogen, Ammonia,
Hydrogen Sulfide)
Gas Sensor Type
Outlook (Volume, Million Units; Revenue, USD Million, 2016 - 2027)
- Wired
- Wireless
Gas Sensor
Technology Outlook (Revenue, USD Million, 2016 - 2027)
- Electrochemical
- Semiconductor
- Solid State/MOS
- PID
- Catalytic
- Infrared (IR)
- Others
Gas Sensor End-Use
Outlook (Volume, Million Units; Revenue, USD Million, 2016 - 2027)
- Medical
- Building Automation &
Domestic Appliances
- Environmental
- Petrochemical
- Automotive
- Industrial
- Agriculture
- Others
Gas Sensor Regional
Outlook (Revenue, USD Million, 2016 - 2027)
- North America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- Germany
- Asia Pacific
- China
- Japan
- India
- South America
- Brazil
- Middle East & Africa
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.
For more info visit @ https://www.grandviewresearch.com
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