The Gas Sensor Market size was valued at USD 2.84 billion in 2023 and is expected to grow to USD 6.05 billion by 2031 and grow at a CAGR Of 9.86 % over the forecast period of 2024-2031.
The creation and execution of several health and safety laws worldwide, and the growing use of gas sensors. The rise in demand for gas sensors in crucial sectors, an increase in air pollution levels, and the requirement to monitor air quality in smart cities are the drivers propelling the growth of the gas sensors business. HVAC systems and air quality monitors.
The increasing use of gas sensors in consumer electronics devices, the networking of gas sensors through the Internet of Things (IoT), cloud computing, and big data, the growing engagement of numerous private and public organizations to raise public awareness of air quality monitoring, and the rising demand for miniature wireless gas sensors worldwide are all expected to contribute to the future.
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KEY DRIVERS:
Growing trends toward the Internet of Things
Growing need for gas sensors in sectors with high stakes
Due to a rise in demand in key industries, the market for gas sensors is expanding. These crucial businesses produce a lot of gases into the atmosphere, including carbon monoxide, carbon dioxide, ammonia, hydrogen sulfide, and hydrocarbons.
The airborne emissions of these gases can harm human health. To protect the ecology from hazardous gases, several regulatory organizations are putting various restrictions into effect. Several laws have been put in place by the US, UK, Germany, China, and France to stop the release of dangerous gases into the atmosphere. The gases generated by the chemical industry are employed in a broad range of flammable and explosive conditions, at low flashpoints, and with lower explosive limits (LEL).
RESTRAIN:
The high initial cost of the device
Strong pricing pressure causes a drop in average selling prices.
Even though the shipments of these sensors have expanded due to their broad use in consumer electronics, HVAC systems, cars, and air quality monitoring systems, their sales growth is mostly constrained by price erosion. The fierce rivalry among the growing number of sensor manufacturers contributes to some of this. Several businesses are focusing their research and development efforts on creating sensors that are compatible with the Internet of Things and cost-effective gas sensor systems using MEMS technology. This puts pressure on prices, particularly in situations where gas sensors are used often. As a result, producers are forced to lower the possible cost of gas sensors.
OPPORTUNITY:
Expanding the use of cloud computing, loT, and big data in gas sensors
In the field of information technology, loT is crucial. When a variety of information-sensing devices are integrated with the internet, a network of sensors is created. Additionally, loT generates a significant demand for sophisticated connected devices that support M2M and device interoperability to meet the needs of the linked environment. A smart Wi-Fi module, for instance, links Renesas' 32-bit RX130 MCU to the sensor network to feed data to an appropriate gateway, which then establishes a connection to the cloud to identify the presence of combustible chemicals in the environment.
CHALLENGES:
Technical problems include excessive energy use
Due to Covid-19, the gas sensor industry is growing very quickly. However, various technological problems can impede the market's expansion. One or more of the main issues with gas sensors is their high energy consumption, sensitivity to environmental factors, high cost, and difficulty in manufacturing. To avoid issues with accuracy and sensitivity, gas sensors need to be maintained properly and promptly. In addition to being expensive, gas sensors are also expensive because making them is so complicated. New gas sensor research and commercialization are extremely difficult and time-consuming processes, which raises the cost as well.
IMPACT OF RUSSIAN UKRAINE WAR
The impact of the Russian invasion of Ukraine on Europe, its customers, the oil and gas sector, and other energy-intensive businesses will depend on some variables, including the length of the conflict, the severity of supply shocks from Russia, and the magnitude of European oil and gas shortages.
Nearly a sixth of the world's oil and gas supply comes from Russia, which is the second-largest producer of natural gas and the third-largest producer of crude oil in the world. Russia's supremacy in Europe is particularly clear since it supplies more than 20% of the oil and more than 30% of the gas on the continent. Some European nations, notably Austria, Finland, Poland, Slovakia, and Hungary, import 50% to 100% of their oil and gas from Russia.
These parameters are unknown as of right now. Our evaluations of European nations! Economic Conditions and their reliance on various energy sources give insight into the war's likely short-term effects. We also examine potential measures that energy firms may take to lessen the negative consequences.
IMPACT OF ONGOING RECESSION
Many industries may see a drop in production or a scaling back of operations during a recession. This might result in a decrease in the need for gas sensors, particularly in industries like manufacturing, construction, and the automobile where gas sensors are frequently employed for environmental and safety monitoring. During a recession, businesses may decide to hold off on making purchases of new machinery, such as gas sensors. Businesses typically put off capital purchases and expansion plans to save costs and maintain cash flow. Gas sensor producers may experience pricing pressure due to decreased demand and increasing competition for a narrower market. To stay competitive, they would have to change their pricing tactics, which can have an impact on their profit margins.
By Gas Type
Carbon Monoxide
Methane
Ammonia
Oxygen
Others
By Technology
Infrared Gas Sensors
Photo Ionization Sensors
Electrochemical Gas Sensors
Thermal Conductivity Gas Sensors
Metal oxide-based gas sensor
Catalytic Gas Sensor
Others
By End Use
Defense & Military
Healthcare
Consumer Electronics
Automotive & Transportation
Industrial
Others
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Asia has the most smartphone users worldwide. Gas sensors are anticipated to be integrated with smartphones, smart bands, and tablets in the future thanks to technological improvements in the gas sensing industry. The market for gas sensors in the area is thus anticipated to develop as a result.
The need for smart air quality monitors, smart bands, air purifiers, and air cleaners with gas sensors is being fueled by people's growing knowledge of the effects of air pollution on human health. Due to its status as one of the world's top automakers, China has a huge impact on the gas sensor industry.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
South Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of the Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin American
The Major Player are ABB Ltd., AlphaSense Inc., City Technology Ltd., Dynament, Figaro Engineering Inc., Membrapor, Nemoto & Co. Ltd., Robert Bosch LLC, Siemens, GIG Gas Detection UK Ltd., FLIR Systems, Inc., and others are listed in the final report.
City Technology Ltd-Company Financial Analysis
To assist facilities in achieving sustainability objectives, Emerson announced the creation of a gas analysis solutions center in Scotland in August 2022.
The center can measure more than ten distinct sensor technologies, including 60 distinct gas constituents. Sensirion AG announced the release of SGP40 VOC, a sensor that forecasts the quality of the air, in August 2020. and keeps an eye on it. It is an automated system that monitors both indoor and outdoor air quality.
| Report Attributes | Details |
| Market Size in 2023 | US$ 2.84 Bn |
| Market Size by 2031 | US$ 6.05 Bn |
| CAGR | CAGR of 9.85 % From 2024 to 2031 |
| Base Year | 2022 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • 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, Metal oxide-based gas sensor, Catalytic Gas Sensor, Others) • By End Use (Defense & Military, Healthcare, Consumer Electronics, Automotive & Transportation, Industrial, Others) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | ABB Ltd., AlphaSense Inc., City Technology Ltd., Dynament, Figaro Engineering Inc., Membrapor, Nemoto & Co. Ltd., Robert Bosch LLC, Siemens, GIG Gas Detection UK Ltd., FLIR Systems, Inc. |
| Key Drivers | • Growing trends toward the Internet of Things • Growing need for gas sensors in sectors with high stakes |
| Market Opportunities | • Expanding the use of cloud computing, loT, and big data in gas sensors |
Ans: Gas Sensor market is anticipated to expand by 9.85 % from 2024 to 2031.
Ans: USD 6.05 billion is expected to grow by 2031.
Ans: Gas Sensor Market size was valued at USD 2.7 billion in 2022
Ans: The high initial cost of the device and Strong pricing pressure causes a drop in average selling prices.
Ans: Growing trends toward the Internet of Things and Growing need for gas sensors in sectors with high stakes.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
4.3 Supply Demand Gap Analysis
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Gas Sensor Market Segmentation, By Gas Type
8.1 Carbon Monoxide
8.2 Methane
8.3 Hydrogen
8.4 Ammonia
8.5 Oxygen
8.6 Others
9. Gas Sensor Market Segmentation, By Technology
9.1 Infrared Gas Sensors
9.2 Photo Ionization Sensors
9.3 Electrochemical Gas Sensors
9.4 Thermal Conductivity Gas Sensors
9.5 Metal oxide-based gas sensor
9.6 Catalytic Gas Sensor
9.7 Others
10. Gas Sensor Market Segmentation, By End Use
10.1 Defense & Military
10.2 Healthcare
10.3 Consumer Electronics
10.4 Automotive & Transportation
10.5 Industrial
10.6 Others
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1North America Gas Sensor Market by Country
11.2.2North America Gas Sensor Market by Gas Type
11.2.3 North America Gas Sensor Market by Technology
11.2.4 North America Gas Sensor Market By End Use
11.2.5 USA
11.2.5.1 USA Gas Sensor Market by Gas Type
11.2.5.3 USA Gas Sensor Market by Technology
11.2.5.4 USA Gas Sensor Market By End Use
11.2.6 Canada
11.2.6.1 Canada Gas Sensor Market by Gas Type
11.2.6.3 Canada Gas Sensor Market by Technology
11.2.6.4 Canada Gas Sensor Market By End Use
11.2.7 Mexico
11.2.7.1 Mexico Gas Sensor Market by Gas Type
11.2.7.3 Mexico Gas Sensor Market by Technology
11.2.7.4 Mexico Gas Sensor Market By End Use
11.3 Europe
11.3.1 Europe Gas Sensor Market by Country
1.3.3.2 Europe Gas Sensor Market by Gas Type
11.3.3 Europe Gas Sensor Market by Technology
11.3.4 Europe Gas Sensor Market By End Use
11.3.5 Germany
11.3.5.1 Germany Gas Sensor Market by Gas Type
11.3.5.2 Germany Gas Sensor Market by Technology
11.3.5.3 Germany Gas Sensor Market By End Use
11.3.6 UK
11.3.6.1 UK Gas Sensor Market by Gas Type
11.3.6.2 UK Gas Sensor Market by Technology
11.3.6.3 UK Gas Sensor Market By End Use
11.3.7 France
11.3.7.1 France Gas Sensor Market by Gas Type
11.3.7.2 France Gas Sensor Market by Technology
11.3.7.3 France Gas Sensor Market By End Use
11.3.8 Italy
11.3.8.1 Italy Gas Sensor Market by Gas Type
11.3.8.2 Italy Gas Sensor Market by Technology
11.3.8.3 Italy Gas Sensor Market By End Use
11.3.9 Spain
11.3.9.1 Spain Gas Sensor Market by Gas Type
11.3.9.2 Spain Gas Sensor Market by Technology
11.3.9.3 Spain Gas Sensor Market By End Use
11.3.10 The Netherlands
11.3.10.1 Netherlands Gas Sensor Market by Gas Type
11.3.10.2 Netherlands Gas Sensor Market by Technology
11.3.10.3 Netherlands Gas Sensor Market By End Use
11.3.11 Rest of Europe
11.3.11.1 Rest of Europe Gas Sensor Market by Gas Type
11.3.11.2 Rest of Europe Gas Sensor Market by Technology
11.3.11.3 Rest of Europe Gas Sensor Market By End Use
11.4 Asia-Pacific
11.4.1 Asia Pacific Gas Sensor Market by Country
11.4.2 Asia Pacific Gas Sensor Market by Gas Type
11.4.3 Asia Pacific Gas Sensor Market by Technology
11.4.4 Asia Pacific Gas Sensor Market By End Use
11.4.5 Japan
11.4.5.1 Japan Gas Sensor Market by Gas Type
11.4.5.2 Japan Gas Sensor Market by Technology
11.4.5.3 Japan Gas Sensor Market By End Use
11.4.6 South Korea
11.4.6.1 South Korea Gas Sensor Market by Gas Type
11.4.6.2 South Korea Gas Sensor Market by Technology
11.4.6.3 South Korea Gas Sensor Market By End Use
11.4.7 China
11.4.7.1 China Gas Sensor Market by Gas Type
11.4.7.2 China Gas Sensor Market by Technology
11.4.7.3 China Gas Sensor Market By End Use
11.4.8 India
11.4.8.1 India Gas Sensor Market by Gas Type
11.4.8.2 India Gas Sensor Market by Technology
11.4.8.3 India Gas Sensor Market By End Use
11.4.9 Australia
11.4.9.1 Australia Gas Sensor Market by Gas Type
11.4.9.2 Australia Gas Sensor Market by Technology
11.4.9.3 Australia Gas Sensor Market By End Use
11.4.10 Rest of Asia-Pacific
11.4.10.1 APAC Gas Sensor Market by Gas Type
11.4.10.2 APAC Gas Sensor Market by Technology
11.4.10.3 APAC Gas Sensor Market By End Use
11.5 The Middle East & Africa
11.5.1 The Middle East & Africa Gas Sensor Market by Country
11.5.2 The Middle East & Africa Gas Sensor Market by Gas Type
11.5.3 The Middle East & Africa Gas Sensor Market by Technology
11.5.4 The Middle East & Africa Gas Sensor Market By End Use
11.5.6 Israel
11.5.6.1 Israel Gas Sensor Market by Gas Type
11.5.6.2 Israel Gas Sensor Market by Technology
11.5.6.3 Israel Gas Sensor Market By End Use
11.5.6 UAE
11.5.6.1 UAE Gas Sensor Market by Gas Type
11.5.6.2 UAE Gas Sensor Market by Technology
11.5.6.3 UAE Gas Sensor Market By End Use
11.5.7 South Africa
11.5.7.1 South Africa Gas Sensor Market by Gas Type
11.5.7.2 South Africa Gas Sensor Market by Technology
11.5.7.3 South Africa Gas Sensor Market By End Use
11.5.8 Rest of Middle East & Africa
11.5.8.1 Rest of Middle East & Asia Gas Sensor Market by Gas Type
11.5.8.2 Rest of Middle East & Asia Gas Sensor MarketTechnology
11.5.8.2 Rest of Middle East & Asia Gas Sensor Market By End Use
11.6 Latin America
11.6.1 Latin America Gas Sensor Market by Country
11.6.2 Latin America Gas Sensor Market by Gas Type
11.6.3 Latin America Gas Sensor Market by Technology
11.6.4 Latin America Gas Sensor Market By End Use
11.6.5 Brazil
11.6.5.1 Brazil Gas Sensor Market by Gas Type
11.6.5.2Brazil Gas Sensor Market by Technology
11.6.5.3 Brazil Gas Sensor Market By End Use
11.6.6 Argentina
11.6.6.1 Argentina Gas Sensor Market by Gas Type
11.6.6.2 Argentina Gas Sensor Market by Technology
11.6.6.3 Argentina Gas Sensor Market By End Use
11.6.7 Rest of Latin America
11.6.7.1 Rest of Latin America Gas Sensor Market by Gas Type
11.6.7.2 Rest of Latin America Gas Sensor Market by Technology
11.6.7.3 Rest of Latin America Gas Sensor Market By End Use
12. Company Profile
12.1 ABB Ltd.,
12.1.1 Market Overview
12.1.2 Financials
12.1.3 Product/Services/Offerings
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 AlphaSense Inc.
12.2.1 Market Overview
12.2.2 Financials
12.2.3 Product/Services/Offerings
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 City Technology Ltd.,
12.4.1 Market Overview
12.3.2 Financials
12.3.3 Product/Services/Offerings
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Dynament,
12.4.1 Market Overview
12.4.2 Financials
12.4.3 Product/Services/Offerings
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Figaro Engineering Inc.,
12.5.1 Market Overview
12.5.2 Financials
12.5.3 Product/Services/Offerings
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 Membrapor,
12.6.1 Market Overview
12.6.2 Financials
12.6.3 Product/Services/Offerings
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Nemoto & Co. Ltd.,
12.7.1 Market Overview
12.7.2 Financials
12.7.3 Product/Services/Offerings
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Robert Bosch LLC,
12.8.1 Market Overview
12.8.2 Financials
12.8.3 Product/Services/Offerings
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 Siemens,
12.9.1 Market Overview
12.9.2 Financials
12.9.3 Product/Services/Offerings
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 GIG Gas Detection UK Ltd.,
12.10.1 Market Overview
12.10.2 Financials
12.10.3 Product/Services/Offerings
12.10.4 SWOT Analysis
12.10.5 The SNS View
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
14. USE Cases and Best Practices
15. Conclusion
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