The gas sensor market is expected to grow at a compound annual growth rate of 17.90% over the forecast period to reach US$6,077.252 million by 2027, from an estimated value of US$1,918.733 million in 2020. 

The gas sensor is basically used for safety purposes to detect toxic or combustible gasses such as Carbon Monoxide both in residential and industrial locations. 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 air quality will further add to the growing demand for these sensors over the forecast period.

Developments in the field to propel growth

Gas sensors find application to constantly control and monitor gas emissions from processes of various industries, ranging from domestic to industrial. Further, the growing demand to control harmful emissions from crucial industries also bodes well for the growth of the market. Technological advances and innovations are also expected to aid gas sensor manufacturers to develop smart gas sensors. Several companies have also been developing drone-based gas leak detection systems for the provision of better safety for the operators of pipelines across the world. For instance, in April 2021, ABB announced the launch of a drone-based gas leak detection system, called the HoverGuard,. HoverGuard helps to detect, map, and quantify leaks of up to 100 meters from natural gas distribution and storage facilities, gathering lines, transmission pipelines, and other potential sources safely, quickly, and reliably. Such technological developments are projected to augment the growth of the market.

Government rules and regulations to augment the growth of the market

Strict government regulations for the reduction of car emissions are expected to propel the demand during the forecast period. Rules and regulations are being imposed by governments across the world on the emission of gas from automotive vehicles. In April 2020, the Corporate Average Fuel Economy and greenhouse gas emission standards for passenger cars were amended by the National Highway Traffic Safety Administration, as well as the EPA. Hence, the imposition of limitations on gas emissions from vehicles is expected to create demand for gas sensors, as it lowers atmospheric pollution and increases fuel efficiency. Several industries such as oil & gas, chemical, and power utilize these gas sensors for the detection of the presence of various combustible and toxic gases. A vast number of gases such as carbon monoxide, hydrocarbons, carbon dioxide, and ammonia are released into the air by these industries. An excess of emissions of these gases can adversely affect human health. Further, for power generation, methane is being used widely. It is a greenhouse gas that is extremely inflammable and forms explosive mixes in the air if its leaks are not detected properly. Thus, new sensor technologies are being developed, such as substance-specific electrochemical sensors and NDIR (Non-dispersive Infrared) sensors that are used for the detection of methane and other gases in industries.

Product Insights

The carbon-dioxide gas sensor segment is expected to dominate the market in the forecasted period. Carbon dioxide sensors are primarily used for monitoring indoor air quality in homes, automotive, healthcare, and office buildings, as well as other applications. Many companies are focusing on developing MEMS-based carbon-dioxide sensors for a number of applications. For instance, in January 2021, TDK Corporation introduced the TCE-11101, which was a miniaturized, low-power MEMS gas sensor platform for the direct and accurate measurement of carbon dioxide in homes, automotive, IoT, healthcare, and other applications. Such initiatives are likely to hold promising aspects for the growth of the segment. The carbon-monoxide sensor segment is anticipated to witness significant growth during the forecast period. Fatalities rooting from carbon-monoxide poisoning are driving the need for carbon-monoxide sensors. Government regulations to ensure the safety of personnel in the workplace are further increasing the growth of the carbon-monoxide sensors market. For instance, carbon monoxide poisoning in the US has caused the government to deploy carbon monoxide detectors across several states. Consequently, school buildings in the US states such as Connecticut, Maryland, Illinois, California, and Maine are required to have carbon monoxide detectors.

COVID-19 Insights

The outbreak of COVID-19 created growth opportunities for the gas sensor industry. The COVID-19 pandemic affected the additional requirement of oxygen for hospitalized patients. This factor propelled several hospitals to efficiently manage oxygen use with the application of oxygen sensors. Oxygen sensors are broadly used in hospitals to detect oxygen leaks and also, assist in protecting patients. Further, manufacturers also developed sensors to meet the high demand from ventilator manufacturers during this time. For instance, in March 2020, Sensirion developed a novel flow sensor, SFM3019, for the market. Developments like this successfully increased the demand from ventilator manufacturers.

Gas Sensors Market Scope:

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
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Spain
    • Others
  • Middle East and Africa
    • United Arab Emirates
    • Israel
    • Saudi Arabia
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Thailand
    • Taiwan
    • Others