Gas Sensor Market Size to Reach USD 1,336.2 Million by 2027 at CAGR 6.4% | Valuates Reports
BANGALORE, India, Feb. 26, 2021 /PRNewswire/ -- The Gas Sensor Market is Segmented Type (Carbon Monoxide, Methane, Hydrogen, Ammonia, Oxygen, and Others), Technology (Infrared Gas Sensor, Photoionization Sensor, Electrochemical Gas Sensor, Thermal Conductivity Gas Sensor, Metal Oxide-Based Gas Sensor, Catalytic Gas Sensor, and Others)and End Use (Defense & Military, Healthcare, Consumer Electronics, Automotive & Transportation, Industrial, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2027. This report is published on Valuates Reports in the Industrial Materials & Equipment Category.
The global gas sensor market size was valued at USD 823.1 Million in 2019 and is projected to reach USD 1,336.2 Million by 2027, growing at a CAGR of 6.4% from 2020 to 2027.
Major factors driving the growth of gas sensor market size are the formulation and implementation of various health and safety regulations across the globe, increased adoption of gas sensors in HVAC systems and air quality monitors, rise in demand for gas sensors from critical industries, increased air pollution levels, and the need to monitor air quality in smart cities.
Request a Sample Copy of the Report For COVID-19 Impact Analysis on Gas Sensor Market : https://reports.valuates.com/request/sample/ALLI-Manu-2N48/Gas_Sensor_Market
TRENDS INFLUENCING THE GAS SENSOR MARKET SIZE
The emergence of gas sensors in the HVAC systems is expected to drive the growth of the gas sensor market size. By eliminating contaminants from the atmosphere by proper ventilation and pressurization, the HVAC system provides fresh and pure indoor air. Gas sensors are increasingly used in HVAC systems in all major industries to identify and analyze the levels of harmful substances found in the environment, including the presence of combustible gases and toxic elements.
Growing trends toward the internet of things (IoT) are expected to fuel the gas sensor market size. As we are heading toward automation-based technologies and services in the new IT-dominant environment, there is an increase in emphasis on IoT-based devices. The IoT uses electronic software, sensors, and actuators to link all these items to a common network. Multiple sensors such as contact sensor, proximity sensor, gas sensor, and temperature sensor are used in various IoT solutions and products.
The rising number of smart city projects in developing countries will drive gas sensor market size during the forecast period. Rising levels of environmental pollution and increasingly worsening indoor air quality is driving the demand for gas sensors. Gas sensors can be used in smart cities for environmental control applications.
Furthermore, it is expected that strict laws and regulations requiring gas detectors' deployment would drive the growth of gas sensor market size during the forecast period.
View Report Details Before Purchasing: https://reports.valuates.com/market-reports/ALLI-Manu-2N48/gas-sensor
GAS SENSOR MARKET SHARE ANALYSIS
Based on type, the oxygen gas segment is projected to hold the largest gas sensor market share.
Oxygen detectors are commonly used for automobiles, smart cities & building automation, food & beverages, and other industrial applications. Another major area where oxygen sensors are used is medical equipment. Incubators and other hypoxic life science devices, anesthesia monitors, respirators, and oxygen concentrators use these oxygen sensors.
The industrial segment dominated the gas sensor market share during the forecast period.
This is due to the government's strict regulations to ensure the occupational health and safety of workers.
Based on region, the North America region is expected to exhibit the highest CAGR of 14.9% during 2020-2027.
On the other hand, the Asia Pacific region is expected to hold the largest gas sensor market share.
Demand for gas sensors for air quality monitoring is motivated by increased awareness of the effect of air pollution on human health across Asia-Pacific countries. Furthermore, continued urbanization is also leading to the demand for gas sensors in the Asia-Pacific region.
Europe is expected to witness steady growth over the forecast period.
This regional market's growth is expected to be driven by strict requirements relating to gas emissions and the resulting need to control emissions.
Inquire for Regional Report: https://reports.valuates.com/request/regional/ALLI-Manu-2N48/Gas_Sensor_Market
GAS SENSOR MARKET SEGMENTATION
By Gas Type
- Carbon Monoxide
- Methane
- Hydrogen
- Ammonia
- Oxygen,
- Others.
By Technology
- Infrared Gas Sensors,
- Photo Ionization Sensors
- Electrochemical Gas Sensors
- Thermal Conductivity Gas Sensors
- Catalytic Gas Sensor
- Others.
By End Use
- Military & Defense
- Healthcare
- Consumer Electronics
- Automotive & Transportation
- Industrial
- Others.
Key Companies
- Honeywell Analytics
- Sensirion
- GASTEC Corporation
- Nemoto Gas Sensors
- Figaro Engineering Inc
- MSA
- Alphasense
- Membrapor
- Amphenol
- Dynament.
Buy Now for Single User + Covid-19 Impact : https://reports.valuates.com/api/directpaytoken?rcode=ALLI-Manu-2N48&lic=single-user
Buy Now for Enterprise License + Covid-19 Impact : https://reports.valuates.com/api/directpaytoken?rcode=ALLI-Manu-2N48&lic=enterprise-license
SUBSCRIPTION
We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.
SIMILAR REPORTS :
- IoT Sensors market was valued at USD 6,926.3 Million in 2019 and it is expected to reach USD 22,020 Million by the end of 2026, growing at a CAGR of 18.0% during the forecast period 2021-2026. Rising demand for IoT integration in industries that involve sensor-based measurements for purposes of analysis and decision support is expected to increase the IoT sensor market size during the forecast period.
- Wireless Gas Detection market size is projected to reach USD 2464.1 Million by 2026, from USD 1462.1 Million in 2020, at a CAGR of 9.1% during 2021-2026.
- Industrial Sensors market size is projected to reach USD 20010 Million by 2026, from USD 14940 Million in 2020, at a CAGR of 5.0% during 2021-2026.
- Electrochemical Gas Sensors market size was USD 171.2 Million in 2019, and it is expected to reach USD 211 Million by the end of 2026, with a CAGR of 3.0% during 2021-2026.
- Oxygen Gas Sensors market size is projected to reach USD 1280.1 Million by 2026, from USD 1227.4 Million in 2020.
- Air Quality Sensor market market size is projected to reach USD 845 Million by 2027, from USD 352.5 Million in 2020, at a CAGR of 13.3% during 2021-2027.
- Environmental Sensor market size is projected to reach USD 1798.7 Million by 2026, from USD 1296.2 Million in 2020, at a CAGR of 5.6% during 2021-2026.
- CO Sensors Market Size, Share, Trends, Growth, Industry Analysis, Forecast 2020 to 2026. The Report contains segmentation by Type ( Fixed, Portable), By Application (Industrial, Oil and CO, Power-Stations, Home-Protection, Automotive, Others) and Regional Opportunity Analysis and Industry Forecast.
- Hydrogen Gas Sensor Market Size, Share, Trends, Growth, Industry Analysis, Forecast 2020 to 2026. The Report contains segmentation by Type (Electrochemical, Metal Oxide Semiconductor, Thermal Conductivity, Palladium, Catalytic), By Application (Automotive, Manufacturing, Oil and Gas, Healthcare, Mining, Aerospace and Defence, Others) and Regional Opportunity Analysis and Industry Forecast.
- Ammonia (NH3) Gas Sensors Market Size, Share, Trends, Growth, Industry Analysis, Forecast 2020 to 2026. The Report contains segmentation by Type ( Fixed Mount Type, Portable Type), By Application (Agriculture, Commercial Building, Chemical, Automotives, Others) and Regional Opportunity Analysis and Industry Forecast.
- Solid Electrolyte Gas Sensor Market Size, Share, Trends, Growth, Industry Analysis, Forecast 2020 to 2026. The Report contains segmentation by Type (Sulfate Based, NASICON Based, β-Al2O3 Based, LaF3 Based, Others), By Application (CO2, O2, SO2, Others) and Regional Opportunity Analysis and Industry Forecast.
To see the full list of related reports on the Gas Sensor
ABOUT US:
Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.
Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.
To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains detail research methodology employed to generate the report, Please also reach to our sales team to get the complete list of our data sources
CONTACT US:
Valuates Reports
[email protected]
For U.S. Toll-Free Call 1-(315)-215-3225
For IST Call +91-8040957137
WhatsApp : +91 9945648335
Website: https://reports.valuates.com
Twitter - https://twitter.com/valuatesreports
Linkedin - https://in.linkedin.com/company/valuatesreports
Facebook - https://www.facebook.com/valuatesreports
SOURCE Valuates Reports
Share this article