Market Research Future (MRFR) has published on the “Global Gas Concentration Sensor Market”.
Market Research Future (MRFR) has published a cooked research report on the “Global Gas Concentration Sensor Market” that contains information from 2024 to 2032. The Gas Concentration Sensor market is estimated to register a CAGR of 11.30% during the forecast period of 2024 to 2032.
MRFR recognizes the following companies as the key players in the global Gas Concentration Sensor market—ABB Ltd.; AlphaSense Inc.; City Technology Ltd., Dynament; Figaro Engineering Inc.; Membrapor; Nemoto & Co. Ltd.; Robert Bosch LLC; Siemens; GfG Gas Detection UK Ltd.; FLIR Systems, Inc.
Gas Concentration Sensor Market Highlights
The global gas concentration sensor market is accounted to register a CAGR of 11.30% during the forecast period and is estimated to reach USD 1902.3 Million by 2032.
The increased demand for controlling harmful emissions from manufacturing businesses is experiencing rapid expansion. The mandatory restriction on gas emissions from vehicles produces a high demand for gas sensors to be installed in automobiles, which is driving the growth of the gas sensors market. Gas sensors are advanced in technology; however, the initial cost of gas sensors, such as electrochemical gas sensors, is very high, and maintenance costs are also high. The gas sensors market is expected to expand due to growing manufacturing and refinery industries in several emerging economies.
Segment Analysis
The global Gas Concentration Sensor market has been segmented based product outlook, type outlook, technology outlook and end user outlook.
On the basis of product outlook, the market is segmented into Oxygen (O2)/Lambda Sensors, Carbon Dioxide (CO2) Sensors, Carbon Monoxide (CO) Sensors, Nitrogen Oxide (NOx) Sensors, Methyl Mercaptan Sensor and Others (Hydrogen, Ammonia, Hydrogen Sulfide). The carbon dioxide (CO2) Sensors segment was attributed to holding the largest market share in 2022. Because it mainly used for monitoring indoor air quality in homes, office buildings and automotive.
Based on type outlook, the global Gas Concentration Sensor market has been segmented into Wireless and Wired. The wired segment was expected to hold the largest market share in 2022. Because, they directly link the sensor to the device receiving the input, making them suitable for use in mines, oil rigs, and nuclear power plants.
On the basis of technology outlook, the market is segmented into Electrochemical, Semiconductor, Solid State/MOS, Photo-ionization Detector (PID), Catalytic, Infrared (IR) and others. The electrochemical segment was attributed to holding the largest market share in 2022. Because it rising as these sensors consumes lesser power, have intrinsically safer operations, and offer better specificity to the target gas.
Based on end-user outlook, the global Gas Concentration Sensor market has been segmented into Medical, Building Automation & Domestic Appliances, Environmental, Petrochemical, Automotive, Industrial, Agriculture and Others. The industrial segment was expected to hold the largest market share in 2022. Because they are used to monitor and detect hazardous vapours’ and gases and trigger visual and audible alarms and focusing on developing miniature industrial gas sensors.
Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Gas Concentration Sensor Market Research Report
Regional Analysis
The global Gas Concentration Sensor market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Gas Concentration Sensor market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Gas Concentration Sensor market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Gas Concentration Sensor market comprises of Middle East, Africa, and Latin America.
The largest market share for Gas Concentration Sensor was maintained by the North American regional sector, The global market is projected to be driven by expanding gas sensor adoption in consumer electronics, HVAC systems, and rising demand for wireless gas sensors. North America contribute Because of increased pollution, including poisonous and flammable materials, gas sensors are in high demand in heating, ventilation, and air conditioning (HVAC) systems. These systems are typically used to improve indoor air quality and monitor CO2 levels in enclosed rooms while increasing efficiency and reducing HVAC system wear and tear.
Moreover, the Europe market has been persistently growing over the forecast period. The demand for Gas Concentration Sensor is driven by rising environmental consciousness and the establishment of strict environmental legislation. The market expansion is supported by an the increasing usage of gas sensors in automobiles for passenger comfort and safety supports the expansion of manufacturing gas sensing applications.
Additionally, due to growing awareness of the impact of air pollutants on human health in Asia Pacific countries such as India and China is increasing demand for gas sensors for air quality monitoring. The region's growing urbanization is also adding to the rising need for gas sensors. Furthermore, governments in the Asia Pacific area are substantially investing in smart city projects, offering significant opportunity for smart sensor devices. Such characteristics bode favorably for regional market expansion.
Furthermore, the rest of the world's Gas Concentration Sensor market is divided into the Middle East, Africa, and Latin America. This growth is attributed to the region's rising use of toxic gases from automobiles production research and development. Government support, a rise in investor interest, and the viability of the technology in the sector are all contributing factors to the market expansion.
Key Findings of the Study
- The global Gas Concentration Sensor market is expected to reach USD 1463.7 Million by 2032, at a CAGR of XX% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market due to the increasing emphasis placed on toxic gases from automobiles emission reduction by government bodies through policies and initiatives
- Based on type outlook, the wired segment was expected to hold the largest market share in 2022.
- AlphaSense Inc.; City Technology Ltd., Dynament; Figaro Engineering Inc.; Membrapor; Nemoto & Co. Ltd.; Robert Bosch LLC; Siemens; GfG Gas Detection UK Ltd.; FLIR Systems, Inc.
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Companies Covered | 15 |
Pages | 128 |
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