Category

Gas Sensors Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Oxygen, Carbon Monoxide, Carbon Dioxide, Chlorine, Nitrogen Oxide, Others), By Technology (Electromechanical, PID, Catalytic, Infrared, Others), By End User (Healthcare, Energy, Automotive, Manufacturing, Others), And By Geography - Forecasts From 2019 To 2024

Published: May 2021 | Report Code:  KSI061611523 | Pages:  126

Gas sensor market is expected to grow at a compound annual growth rate of 5.99% over the forecast period to reach US$2,340.188 million by 2023, from an estimated value of US$1,651.126 million in 2017. The gas sensor is basically used for safety purposes to detect toxic or combustible gasses such as Carbon Monoxide (CO) both in residential and industrial locations.

covid-19 impact on gas sensor market

These sensors detect the concentration of harmful gasses and aid in preventing poisoning in industrial environments. Technology innovation, primarily due to enhanced manufacturing processes and embedded electronics coupled with occupational safety and health regulation is expected to drive the Gas Sensor market. Furthermore, the development of wireless sensors coupled with increasing awareness regarding the air quality will further add to the growing demand for these sensors over the forecast period.

This research study examines the current market trends related to demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.

Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases, and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top-down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the value chain of the gas sensor market. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.

Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining a faster and efficient understanding of the market.

Major industry players profiled as part of the report are Nissha FIS, Inc., TDK-Micronas GmbH, Alphasense, Dynament, and Amphenol Advanced Sensors among others.

Segmentation

The gas sensor market has been analyzed through the following segments:

By Type

Oxygen

Carbon Monoxide

Carbon Dioxide

Chlorine

Nitrogen Oxide

Others

 

By Technology

Electromechanical

PID

Catalytic

Infrared

Others

 

By End User

Healthcare

Energy

Automotive

Manufacturing

Others

 

By Geography

North America

U.S.

Canada

Mexico

Others

 

South America

Brazil

Argentina

Others

 

Europe

United Kingdom

Germany

France

Italy

Others

 

Middle East and Africa

United Arab Emirates

Israel

Saudi Arabia

Others

 

Asia Pacific

China

Japan

India

South Korea

Australia

 

Others


Frequently Asked Questions (FAQs)

Q1. What will be the gas sensor market size by 2023?
A1. Gas Sensor market is expected to reach a total market size of US$2,340.188 million in 2023.
 
Q2. What is the size of the global gas sensor market?
A2. The global gas sensor market was valued at US$1,651.126 million in 2017.
 
Q3. What are the growth prospects for gas sensor market?
A3. The gas sensor market is expected to grow at a CAGR of 5.99% during the forecast period.
 
Q4. What factors are anticipated to drive the gas sensor market growth?
A4. Technology innovation, primarily due to enhanced manufacturing processes and embedded electronics coupled with occupational safety and health regulation is expected to drive the gas sensor market.
 
Q5. Who are the major players in the global gas sensor market?
A5. Major industry players profiled as part of the gas sensor market report are Nissha FIS, Inc., TDK-Micronas GmbH, Alphasense, Dynament, and Amphenol Advanced Sensors among others.

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