Gas Sensor Market to Undertake Strapping Growth During 2027

WILMINGTON, DELAWARE, UNITED STATES, May 13, 2024 /EINPresswire.com/ -- The governments in different countries have undertaken several initiatives to minimize Carbon dioxide emissions and promote efficient emission control globally. The growth of the gas sensor market is fostered by such supportive government initiatives as these systems ensure suitable emission control by promoting air quality monitoring and reducing air pollution caused by vehicles, industries, and other manufacturing units. The global gas sensor market size was valued at $823.1 million in 2019 and is projected to reach $1,336.2 million by 2027, growing at a CAGR of 6.4% from 2020 to 2027.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 & 𝐓𝐎𝐂: https://www.alliedmarketresearch.com/request-sample/2410

Increasing demand for gas sensors for various end uses has fueled the gas sensor market growth globally and is estimated to increase further during the forecast period. The competitive advantages of gas sensors over conventional alternatives have been also described in the report. Gas sensors have a wide range of end uses in automobiles such as fuel & ignition, powertrain systems, and emission control among others. Gas sensors have ample opportunities in consumer electronics such as in HVAC systems, and wearable devices, which is expected to boost the market growth of gas sensors.

Air pollution is a major problem globally. According to the World Health Organization (WHO), around 80% of urban areas have recorded air pollution levels that are beyond acceptable values. Therefore, there is a growing concern toward controlling the level of air pollution in the world. Gas sensors are being used in smart cities to monitor air quality in urban areas as well as residential spaces. IoT-enabled gas sensors are being used to monitor pollution levels, especially for smart infrastructures. These smart devices detect pollution levels and send data to the IoT cloud.

𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐰𝐢𝐭𝐡 𝐲𝐨𝐮’𝐫𝐞 𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭𝐬: https://www.alliedmarketresearch.com/request-for-customization/2410

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

The Gas Sensor industry's key market players adopt various strategies such as product launch, product development, collaboration, partnership, and agreements to influence the market. It includes details about the key players in the market's strengths, product portfolio, market size and share analysis, operational results, and market positioning.

𝐒𝐨𝐦𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐦𝐚𝐣𝐨𝐫 𝐤𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐆𝐚𝐬 𝐒𝐞𝐧𝐬𝐨𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐢𝐧𝐜𝐥𝐮𝐝𝐞,

GASTEC CORPORATION
DYNAMENT
MSA
ALPHASENSE
NEMOTO SENSOR-ENGINEERING CO., LTD. (NEMOTO & CO., LTD.)
FIGARO ENGINEERING INC
SENSIRION AG SWITZERLAND
MEMBRAPOR
HONEYWELL INTERNATIONAL INC.
AMPHENOL CORPORATION

Factors such as an increase in the adoption of gas sensors in HVAC systems and rise in the need for air quality monitoring in smart cities and a surge in government standards and regulations concerning emission control are driving the global gas sensor market. However, the high cost of the devices is expected to hamper the market growth to a certain extent. Furthermore, growth in trends toward the Internet of Things (IoT) for networking, and a rise in demand for smart gas sensors is expected to offer lucrative opportunities for the gas sensor market globally.

Region-wise, the gas sensor market trends is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific was the highest revenue contributor, accounting for $377.2 million in 2019, and is estimated to reach $676.0 million by 2027, with a CAGR of 7.7%. This is attributed to the increase in demand for sensors due to capacity addition in the refinery sector and growth in the IoT sector in developing countries such as India, China, and Indonesia.

The global gas sensor market is segmented into gas type, technology, end-user, and region. Based on gas type, the market is analyzed across carbon monoxide, methane, hydrogen, ammonia, oxygen, and others. The technology segment is analyzed across infrared gas sensors, photoionization sensors, electrochemical gas sensors, thermal conductivity gas sensors, catalytic gas sensors, and others. By end user, the market is studied across military & defense, healthcare, consumer electronics, defense & military, automotive & transportation, industrial, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA, along with their prominent countries.

𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠: https://www.alliedmarketresearch.com/purchase-enquiry/2410

𝐊𝐞𝐲 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐎𝐟 𝐓𝐡𝐞 𝐒𝐭𝐮𝐝𝐲

- By gas type, the methane segment was the highest contributor to the market, with $149.7 million in 2019, and is estimated to reach $240.7 million by 2027, at a CAGR of 6.2% during the forecast period.
- By technology, the electrochemical gas sensor segment was the highest contributor to the market, with $270.1 million in 2019, and is estimated to reach $423.5 million by 2027, at a CAGR of 5.9% during the forecast period.
- By end use, the industrial segment was the highest contributor to the market, with $364.5 million in 2019, and is estimated to reach $571.6 million by 2027, at a CAGR of 6.0% during the forecast period.
- By region, Asia-Pacific is expected to dominate the market, garnering a major gas sensor market share during the forecast period.

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

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David Correa
Allied Market Research
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