Industrial Gas Sensors Market size was valued at USD 1054 million in 2022 and is expected to grow to USD 1757.2 million by 2030 and grow at a CAGR of 6.6 % over the forecast period of 2023-2030.
In the global industrial gas sensors market, NOx gas sensors are expected to gain significant popularity. As people become more aware of the impact of NOx emissions on climate change, the NOx industrial gas sensors segment is likely to gain substantial traction in the worldwide industrial gas sensor market. For example, data from the NASA satellite revealed chemicals harmful to the atmosphere through daily precision measurements, emphasizing the need of installing industrial gas sensors. The observation projected NOx emissions across multiple regions. The Middle East is anticipated to stay stable until 2030. Lebanon's CO2 emissions decreased by 40% in 2022, however its NO2 emissions climbed by more than 35% in 2021. As a result, environmental awareness is growing. CO2 gas sensors, an important form of industrial gas sensor, are predicted to expand due to increased demand from various industry verticals such as food processing, power plants, generators, boilers, and medical. This is due to the combustion of fossil fuels such as oil, gas, and coal. The growing relevance of personal health monitoring in the industrial sector has led to an increase in the adoption of CO2 industrial gas sensors to protect employees, which will boost the worldwide industrial gas sensors market revenue.
Nano and micro gas sensing technologies infused with newly developed materials are predicted to improve gas sensor performance. There has also been a surge in demand for low-cost and small sensors, which is expected to boost global industrial gas sensors market sales throughout the forecast period. In addition, portable tiny dimensioned photo ionization detectors and non-dispersive infrared for carbon dioxide have gradually gained popularity, which will boost the market. The most recent developments in gas sensors, as well as cost reductions, are projected to contribute to growth.
RESTRAIN:
OPPORTUNITY:
Furthermore, the market is projected to be driven in the near future by increased product development from various manufacturers. For example, Gas Sensing Solutions (GSS), a UK-based firm, introduced a tiny CO2 sensor using SmartiR LED technology. Over the projection period, infrared technology is expected to grow at the quickest rate in the market. This is due to the growing demand for dependable, rapid, maintenance-free, small sensors, and a wide range of gases. These To avoid accidents, industrial gas sensors are becoming increasingly used in a variety of industries, including oil and gas, chemical, and petrochemicals.
CHALLENGES:
IMPACT OF RUSSIAN UKRAINE WAR
Russia contributes approximately a sixth of the world's oil and gas supply as the world's third-biggest oil producer (and second-largest crude oil exporter) and second-largest natural gas producer (and largest exporter). Russia's supremacy is most visible in Europe, where it supplies more than 20% of the continent's oil and 30% of its gas. Several European countries, including Austria, Finland, Poland, Slovakia, and Hungary, rely on Russia for 50% to 100% of their oil and gas imports. With Russia's recent invasion of Ukraine, Europe's reliance on Russian oil and gas poses a risk. A possible existential crisis. Sanctions to restrict oil and gas imports have yet to be implemented." However, there are numerous more threats. Russia has already taken steps to cut off gas supplies to Poland and Bulgaria. Furthermore, Russian pipelines to the EU may face supply disruptions as a result of unilateral actions to curtail gas imports or infrastructure damage. Given that Ukraine's transit pipes are capable of transporting more than a third of Russian goods to Europe. The latter possibility is troubling. In the event of a sudden gas supply shortage, Europe would be hard pressed to find alternatives. LNG imports could be explored as a long-term option. However, Europe's liquefaction and terminal capacity is extremely restricted. It is predicted that they will be operational by the end of 2023.
IMPACT OF ONGOING RECESSION
Nitrogen oxides (NO,) were found to be very variable in satellite and ground studies. During the economic downturn, however the impact on air quality has not been evaluated. The impact of the recession on surface ozone (03) levels over the continental United States is quantified using measured NO, trends, and a regional chemical transport model. The impact is measured by modelling O3 concentrations under two emission scenarios: BAU and recession. In the BAU case, the Cross-State Air Pollution Rule emission projection is utilized to determine the "would-be" NO, emission level. The real NO; trends observed from Air Quality System ground monitors and the Ozone Monitoring Instrument on the Aura satellite are used in the recession case.
By Product
By Technology
By End-User
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Because of rising environmental awareness and government restrictions, Asia Pacific is predicted to be the fastest-growing region in the Industrial gas sensors market. For example, China issued its 2022 air pollution action plan in 2021. China announced PM4.2 objectives for important locations as part of the Air Pollution Action Plan to improve air quality, accelerating the development of industrial gas sensors technology.
North America, on the other hand, is expected to have significant expansion in the industrial gas sensors market. This is due to an increase in demand for gas sensors from the petrochemical industry in the United States. Several European countries' governments have established stringent pollution prevention and control policies. This is most likely to contribute to market growth in the region.
REGIONAL COVERAGE:
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Some of key players are City Technology Ltd., DENSO Europe BY., Bosch Sensortec GmbH, Alphasense, Figaro Engineering Inc., NGK Spark Plug, Nemoto Sensor Engineering Co. Ltd, JJS Technical Services, Aeroqual Ltd., Techcomp Group and other players are listed in a final report.
City Technology Ltd-Company Financial Analysis
| Report Attributes | Details |
|
Market Size in 2022 |
US$ 1054 Mn |
|
Market Size by 2030 |
US$ 1757.2 Mn |
|
CAGR |
CAGR of 6.6% From 2023 to 2030 |
|
Base Year |
2022 |
|
Forecast Period |
2023-2030 |
|
Historical Data |
2019-2021 |
|
Report Scope & Coverage |
Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
|
Key Segments |
By Product (Oxygen, Carbon Dioxide, NOx, Others), By Technology (Electrochemical, Semiconductor, Infrared, Others), By End-User (Healthcare, Building Automation & Domestic Appliances, Automotive, Petrochemical, Industrial, Others) |
|
Regional Analysis/Coverage |
North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
|
Company Profiles |
City Technology Ltd., DENSO Europe BY., Bosch Sensortec GmbH, Alphasense, Figaro Engineering Inc., NGK Spark Plug, Nemoto Sensor Engineering Co. Ltd, JJS Technical Services, Aeroqual Ltd., Techcomp Group |
|
Market Opportunities |
•Increasing demand for innovative gas sensors •Rapid rise of the chemical and petrochemical sectors |
|
Market challenges |
•Alternative innovations options are available |
Industrial Gas Sensors Market is anticipated to expand by 6.6% from 2023 to 2030.
Industrial Gas Sensors Market size was valued at USD 1054 million in 2022
Asia Pacific region is dominating the Rugged Tablet Market.
Increasing demand for innovative gas sensors and Rapid rise of the chemical and petrochemical sectors.
High initial price.
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 Ukraine- Russia 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
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Industrial Gas Sensors Market Segmentation, By Product
8.1 Oxygen
8.2 Carbon Dioxide
8.3 NOx
8.4 Others
9. Industrial Gas Sensors Market Segmentation, By Technology
9.1 Electrochemical
9.2 Semiconductor
9.3 Infrared
9.4 Others
10. Industrial Gas Sensors Market Segmentation, By End-User
10.1 Healthcare
10.2 Building Automation & Domestic Appliances
10.3 Automotive
10.4 Petrochemical
10.5 Industrial
10.6 Others
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America Industrial Gas Sensors Market by Country
11.2.2North America Industrial Gas Sensors Market by Product
11.2.3 North America Industrial Gas Sensors Market by Technology
11.2.4 North America Industrial Gas Sensors Market by End-User
11.2.5 USA
11.2.5.1 USA Industrial Gas Sensors Market by Product
11.2.5.2 USA Industrial Gas Sensors Market by Technology
11.2.5.3 USA Industrial Gas Sensors Market by End-User
11.2.6 Canada
11.2.6.1 Canada Industrial Gas Sensors Market by Product
11.2.6.2 Canada Industrial Gas Sensors Market by Technology
11.2.6.3 Canada Industrial Gas Sensors Market by End-User
11.2.7 Mexico
11.2.7.1 Mexico Industrial Gas Sensors Market by Product
11.2.7.2 Mexico Industrial Gas Sensors Market by Technology
11.2.7.3 Mexico Industrial Gas Sensors Market by End-User
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Eastern Europe Industrial Gas Sensors Market by Country
11.3.1.2 Eastern Europe Industrial Gas Sensors Market by Product
11.3.1.3 Eastern Europe Industrial Gas Sensors Market by Technology
11.3.1.4 Eastern Europe Industrial Gas Sensors Market by End-User
11.3.1.5 Poland
11.3.1.5.1 Poland Industrial Gas Sensors Market by Product
11.3.1.5.2 Poland Industrial Gas Sensors Market by Technology
11.3.1.5.3 Poland Industrial Gas Sensors Market by End-User
11.3.1.6 Romania
11.3.1.6.1 Romania Industrial Gas Sensors Market by Product
11.3.1.6.2 Romania Industrial Gas Sensors Market by Technology
11.3.1.6.4 Romania Industrial Gas Sensors Market by End-User
11.3.1.7 Turkey
11.3.1.7.1 Turkey Industrial Gas Sensors Market by Product
11.3.1.7.2 Turkey Industrial Gas Sensors Market by Technology
11.3.1.7.3 Turkey Industrial Gas Sensors Market by End-User
11.3.1.8 Rest of Eastern Europe
11.3.1.8.1 Rest of Eastern Europe Industrial Gas Sensors Market by Product
11.3.1.8.2 Rest of Eastern Europe Industrial Gas Sensors Market by Technology
11.3.1.8.3 Rest of Eastern Europe Industrial Gas Sensors Market by End-User
11.3.2 Western Europe
11.3.2.1 Western Europe Industrial Gas Sensors Market by Product
11.3.2.2 Western Europe Industrial Gas Sensors Market by Technology
11.3.2.3 Western Europe Industrial Gas Sensors Market by End-User
11.3.2.4 Germany
11.3.2.4.1 Germany Industrial Gas Sensors Market by Product
11.3.2.4.2 Germany Industrial Gas Sensors Market by Technology
11.3.2.4.3 Germany Industrial Gas Sensors Market by End-User
11.3.2.5 France
11.3.2.5.1 France Industrial Gas Sensors Market by Product
11.3.2.5.2 France Industrial Gas Sensors Market by Technology
11.3.2.5.3 France Industrial Gas Sensors Market by End-User
11.3.2.6 UK
11.3.2.6.1 UK Industrial Gas Sensors Market by Product
11.3.2.6.2 UK Industrial Gas Sensors Market by Technology
11.3.2.6.3 UK Industrial Gas Sensors Market by End-User
11.3.2.7 Italy
11.3.2.7.1 Italy Industrial Gas Sensors Market by Product
11.3.2.7.2 Italy Industrial Gas Sensors Market by Technology
11.3.2.7.3 Italy Industrial Gas Sensors Market by End-User
11.3.2.8 Spain
11.3.2.8.1 Spain Industrial Gas Sensors Market by Product
11.3.2.8.2 Spain Industrial Gas Sensors Market by Technology
11.3.2.8.3 Spain Industrial Gas Sensors Market by End-User
11.3.2.9 Netherlands
11.3.2.9.1 Netherlands Industrial Gas Sensors Market by Product
11.3.2.9.2 Netherlands Industrial Gas Sensors Market by Technology
11.3.2.9.3 Netherlands Industrial Gas Sensors Market by End-User
11.3.2.10 Switzerland
11.3.2.10.1 Switzerland Industrial Gas Sensors Market by Product
11.3.2.10.2 Switzerland Industrial Gas Sensors Market by Technology
11.3.2.10.3 Switzerland Industrial Gas Sensors Market by End-User
11.3.2.11.1 Austria
11.3.2.11.2 Austria Industrial Gas Sensors Market by Product
11.3.2.11.3 Austria Industrial Gas Sensors Market by Technology
11.3.2.11.4 Austria Industrial Gas Sensors Market by End-User
11.3.2.12 Rest of Western Europe
11.3.2.12.1 Rest of Western Europe Industrial Gas Sensors Market by Product
11.3.2.12.2 Rest of Western Europe Industrial Gas Sensors Market by Technology
11.3.2.12.3 Rest of Western Europe Industrial Gas Sensors Market by End-User
11.4 Asia-Pacific
11.4.1 Asia-Pacific Industrial Gas Sensors Market by Country
11.4.2 Asia-Pacific Industrial Gas Sensors Market by Product
11.4.3 Asia-Pacific Industrial Gas Sensors Market by Technology
11.4.4 Asia-Pacific Industrial Gas Sensors Market by End-User
11.4.5 China
11.4.5.1 China Industrial Gas Sensors Market by Product
11.4.5.2 China Industrial Gas Sensors Market by End-User
11.4.5.3 China Industrial Gas Sensors Market by Technology
11.4.6 India
11.4.6.1 India Industrial Gas Sensors Market by Product
11.4.6.2 India Industrial Gas Sensors Market by Technology
11.4.6.3 India Industrial Gas Sensors Market by End-User
11.4.7 Japan
11.4.7.1 Japan Industrial Gas Sensors Market by Product
11.4.7.2 Japan Industrial Gas Sensors Market by Technology
11.4.7.3 Japan Industrial Gas Sensors Market by End-User
11.4.8 South Korea
11.4.8.1 South Korea Industrial Gas Sensors Market by Product
11.4.8.2 South Korea Industrial Gas Sensors Market by Technology
11.4.8.3 South Korea Industrial Gas Sensors Market by End-User
11.4.9 Vietnam
11.4.9.1 Vietnam Industrial Gas Sensors Market by Product
11.4.9.2 Vietnam Industrial Gas Sensors Market by Technology
11.4.9.3 Vietnam Industrial Gas Sensors Market by End-User
11.4.10 Singapore
11.4.10.1 Singapore Industrial Gas Sensors Market by Product
11.4.10.2 Singapore Industrial Gas Sensors Market by Technology
11.4.10.3 Singapore Industrial Gas Sensors Market by End-User
11.4.11 Australia
11.4.11.1 Australia Industrial Gas Sensors Market by Product
11.4.11.2 Australia Industrial Gas Sensors Market by Technology
11.4.11.3 Australia Industrial Gas Sensors Market by End-User
11.4.12 Rest of Asia-Pacific
11.4.12.1 Rest of Asia-Pacific Industrial Gas Sensors Market by Product
11.4.12.2 Rest of Asia-Pacific Industrial Gas Sensors Market by Technology
11.4.12.3 Rest of Asia-Pacific Industrial Gas Sensors Market by End-User
11.5 Middle East & Africa
11.5.1 Middle East
11.5.1.1 Middle East Industrial Gas Sensors Market by Country
11.5.1.2 Middle East Industrial Gas Sensors Market by Product
11.5.1.3 Middle East Industrial Gas Sensors Market by Technology
11.5.1.4 Middle East Industrial Gas Sensors Market by End-User
11.5.1.5 UAE
11.5.1.5.1 UAE Industrial Gas Sensors Market by Product
11.5.1.5.2 UAE Industrial Gas Sensors Market by Technology
11.5.1.5.3 UAE Industrial Gas Sensors Market by End-User
11.5.1.6 Egypt
11.5.1.6.1 Egypt Industrial Gas Sensors Market by Product
11.5.1.6.2 Egypt Industrial Gas Sensors Market by Technology
11.5.1.6.3 Egypt Industrial Gas Sensors Market by End-User
11.5.1.7 Saudi Arabia
11.5.1.7.1 Saudi Arabia Industrial Gas Sensors Market by Product
11.5.1.7.2 Saudi Arabia Industrial Gas Sensors Market by Technology
11.5.1.7.3 Saudi Arabia Industrial Gas Sensors Market by End-User
11.5.1.8 Qatar
11.5.1.8.1 Qatar Industrial Gas Sensors Market by Product
11.5.1.8.2 Qatar Industrial Gas Sensors Market by Technology
11.5.1.8.3 Qatar Industrial Gas Sensors Market by End-User
11.5.1.9 Rest of Middle East
11.5.1.9.1 Rest of Middle East Industrial Gas Sensors Market by Product
11.5.1.9.2 Rest of Middle East Industrial Gas Sensors Market by Technology
11.5.1.9.3 Rest of Middle East Industrial Gas Sensors Market by End-User
11.5.2 Africa
11.5.2.1 Africa Transfusion Diagnostics Market by Country
11.5.2.2 Africa Industrial Gas Sensors Market by Product
11.5.2.3 Africa Industrial Gas Sensors Market by Technology
11.5.2.4 Africa Industrial Gas Sensors Market by End-User
11.5.2.5 Nigeria
11.5.2.5.1 Nigeria Industrial Gas Sensors Market by Product
11.5.2.5.2 Nigeria Industrial Gas Sensors Market by Technology
11.5.2.5.3 Nigeria Industrial Gas Sensors Market by End-User
11.5.2.6 South Africa
11.5.2.6.1 South Africa Industrial Gas Sensors Market by Product
11.5.2.6.2 South Africa Industrial Gas Sensors Market by Technology
11.5.2.6.3 South Africa Industrial Gas Sensors Market by End-User
11.5.2.7 Rest of Africa
11.5.2.7.1 Rest of Africa Industrial Gas Sensors Market by Product
11.5.2.7.2 Rest of Africa Industrial Gas Sensors Market by Technology
11.5.2.7.3 Rest of Africa Industrial Gas Sensors Market by End-User
11.6 Latin America
11.6.1 Latin America Industrial Gas Sensors Market by Country
11.6.2 Latin America Industrial Gas Sensors Market by Product
11.6.3 Latin America Industrial Gas Sensors Market by Technology
11.6.4 Latin America Industrial Gas Sensors Market by End-User
11.6.5 Brazil
11.6.5.1 Brazil Industrial Gas Sensors Market by Product
11.6.5.2 Brazil Industrial Gas Sensors Market by Technology
11.6.5.3 Brazil Industrial Gas Sensors Market by End-User
11.6.6 Argentina
11.6.6.1 Argentina Industrial Gas Sensors Market by Product
11.6.6.2 Argentina Industrial Gas Sensors Market by Technology
11.6.6.3 Argentina Industrial Gas Sensors Market by End-User
11.6.7 Colombia
11.6.7.1 Colombia Industrial Gas Sensors Market by Product
11.6.7.2 Colombia Industrial Gas Sensors Market by Technology
11.6.7.3 Colombia Industrial Gas Sensors Market by End-User
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America Industrial Gas Sensors Market by Product
11.6.8.2 Rest of Latin America Industrial Gas Sensors Market by Technology
11.6.8.3 Rest of Latin America Industrial Gas Sensors Market by End-User
12.Company profile
12.1 Schneider Electric (France)
12.1.1 Company Overview
12.1.2 Financial
12.1.3 Products/ Services Offered
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 Huawei (China)
12.2.1 Company Overview
12.2.2 Financials
12.2.3 Product/Services Offered
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 ABB (Switzerland)
12.3.1 Company Overview
12.3.2 Financials
12.3.3 Product/Services Offered
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Eaton (Ireland)
12.4.1 Company Overview
12.4.2 Financials
12.4.3 Product/Services Offered
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Emerson (US)
12.5.1 Company Overview
12.5.2 Financials
12.5.3 Product/Services Offered
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 Legrand (France)
12.6.1 Company Overview
12.6.2 Financials
12.6.3 Product/Services Offered
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Vertiv (US)
12.7.1 Company Overview
12.7.2 Financials
12.7.3 Product/Services Offered
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Rittal (Germany)
12.8.1 Company Overview
12.8.2 Financials
12.8.3 Product/Services Offered
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 Delta Electronics (Taiwan)
12.9.1 Company Overview
12.9.2 Financials
12.9.3 Product/Services Offered
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Toshiba (Japan)
12.10.1 Company Overview
12.10.2 Financials
12.10.3 Product/Services Offered
12.10.4 SWOT Analysis
12.10.5 The SNS View
12.11 HPE (US)
12.11.1 Company Overview
12.11.2 Financials
12.11.3 Product/Services Offered
12.11.4 SWOT Analysis
12.11.5 The SNS View
12.12 AEG Power Solutions (Netherlands)
12.12.1 Company Overview
12.12.2 Financials
12.12.3 Product/Services Offered
12.12.4 SWOT Analysis
12.12.5 The SNS View
13. Competitive Landscape
13.1 Competitive Bench marking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions
14. Use Case and Best Practices
15. Conclusion
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