Gas Sensors Market: Driven by the increasing demand for wireless gas sensors owing to the growing convenience

Pune, India, September, 2018 /press release/- Market Research Future Published a Half-Cooked Research Report on Gas Sensors Market Research Report.

Market Scenario

The gas sensors market is estimated to expand at 7% CAGR during the forecast period (2017-2023) owing to the increasing demand for oxygen gas sensors across industry verticals, asserts Market Research Future (MRFR). Gas sensors are highly used to detect the presence of toxic gases such as nitrogen oxide, carbon monoxide, and chlorine in a particular area and is generally implemented into a safety system. Such sensors are equipped with a highly sensitive sensing element which is powered through connecting leads and are further connected to the circuits.

Drivers and Constraints Impacting the Market

With the increasing demand for oxygen gas sensors across industry verticals coupled with increasing traction of IoT applications are some of the major factors propelling the global gas sensors market during the forecast period. The market is driven by the increasing demand for wireless gas sensors owing to the growing convenience of the users, increasing demand for smart gas sensors in order to automate the process of setting off alarms along with growing application of gas sensors due to strict mandates implemented by several industries.

On the flip side, cost of gas sensors used in industrial applications are expensive and the package size is too large. This is expected to inhibit the market growth in the coming years. Moreover, operational issues affecting the selection of clients along with growing expense are anticipated to impact the market growth negatively.

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Global Gas Sensors Market: Segmental Analysis

The gas sensors market has been segmented on the basis of gas type, technology, application, and region.

By mode of technology, the market has been segmented into solid state/metal oxide semiconductor, catalytic, laser, holographic, electrochemical, photoionization detectors, infrared, zirconia, and others. Among these, the electrochemical gas sensors segment is estimated to witness a higher market demand owing to their ability to improve indoor air quality, detect landfill gases, control the emission of harmful gases, and others.

By mode of gas type, the market has been segmented into hydrocarbons, carbon monoxide, nitrogen oxide, ammonia, oxygen, carbon dioxide, hydrogen sulfide, volatile organic compounds, methane, chlorine, and hydrogen. Among these, the nitrogen oxide segment is estimated to showcase the highest growth during the review period due to strict regulations to curb exhaust emission levels.

By mode of application, the market has been segmented into automotive & transportation, food & beverages, mining, consumer electronics, power stations, oil & gas, metals & chemicals, water & wastewater treatment, environmental monitoring, medical, and others.

Regional Insights

Geographically, the gas sensors market spans across regions namely, North America, Asia Pacific, Europe, and Rest-of-the-World.

Among all the regions, Asia Pacific is estimated to hold the largest market share and expand at the highest rate. The market growth is attributed to the increased consumption of gas sensors across several industry vehicles along with technological advancements in this region. China has witnessed a growing trend of wireless and miniaturized components which can be implemented with handheld devices to detect toxic and inflammable gases. Moreover, increasing investment in construction, medical, and infrastructure due to growing urbanization is predicted to offer viable growth opportunities in the coming years.

Industry News

Ceramtec has optimized 400kHz ultrasonic flow sensors to increase the accuracy over an extended temperature range to achieve the specifications of the European MID as well as the relevant US and Canadian standards.

Competitive Analysis

The major players operating the global market are Bosch Sensortec (Germany), Sensirion AG (Switzerland), Alphasense (U.K), Amphenol Corporation (U.S.), Dynament (U.K), City Technology Ltd (U.K), ams AG (Austria), Membrapor AG (Switzerland), MSA (U.S.), SenseAir AB (Sweden), Figaro Engineering Inc. (Japan), and others.