What is the global market size of Gas Sensor Market?

Gas Sensor Market size was valued at USD 2.46 billion in 2021 and is poised to grow from USD 2.69 billion in 2022 to USD 5.49 billion by 2030, at a CAGR of 9.5% during the forecast period (2023-2030).

Who are the key vendors in the Global Gas Sensor Market?

The market is fragmented in nature on account of the presence of multiple players. Market players are growing their market position by various tactics such as mergers and acquisitions, new product launches, and strategic collaborations, among others. Market vendors are also aggressively spending in R&D to improve their product offerings. Because of the benefits associated with wireless devices, market players are primarily providing wireless gas sensors. 'Alphasense Ltd.', 'Amphenol Corporation', 'City Technology Ltd.', 'Drägerwerk AG & Co. KGaA', 'Figaro Engineering Inc.', 'First Sensor AG', 'Honeywell International Inc.', 'Membrapor AG', 'MSA Safety Incorporated', 'Nemoto & Co. Ltd.', 'NGK Insulators Ltd.', 'Robert Bosch GmbH', 'Sensirion AG', 'Siemens AG', 'Teledyne Technologies Incorporated', 'Thermo Fisher Scientific Inc.', 'Trolex Ltd.', 'Yokogawa Electric Corporation', 'Aeroqual Ltd.', 'Cubic Sensor and Instrument Co., Ltd.'.

Gas Sensor Market Size, Share, Growth Analysis, By Product(Gas Analyzers & Monitors, Gas Detectors, Air Quality Monitors, Air Purifiers/Air Cleaners), By Connectivity(Wireless Gas Sensors, Wired Gas Sensors), By Output Type(Analog, Digital), By Type(Oxygen, Carbon Monoxide, Carbon Dioxide, Ammonia), By Technology(Electrochemical, Semiconductor, Solid State/Metal Oxide Semiconductor, Photoionization Detector (PID)), By Application(Automotive and Transportation, Smart Cities and Building Automation, Oil and Gas Industry, Water and Wastewater Treatment), By Region - Industry Forecast 2024-2031

Report ID: SQMIG20D2161 | Region: Global | Published Date: September, 2024
Pages: 202 | Tables: 130 | Figures: 77

Gas Sensor Market Dynamics

Gas Sensor Market Drivers

Increasing Use of Gas Sensors in the Automotive Industry

Gas sensors are being increasingly used in the automotive industry to monitor exhaust emissions and improve fuel efficiency, which is driving the demand for gas sensors in this sector.

Gas Sensor Market Restraints

High Cost of Gas Sensors

Despite advances in technology, gas sensors can still be expensive, especially when compared to other types of sensors. This can limit their adoption in certain industries and applications, especially in developing countries or for smaller businesses.

Gas Sensor Market Report Snapshots

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Global Gas Sensor Market size was valued at around USD 2.69 billion in 2022 and is expected to rise from USD 2.95 billion in 2023 to reach a value of USD 6.09 Billion by 2031, at a CAGR of 9.5% over the forecast period (2024–2031).

The market is fragmented in nature on account of the presence of multiple players. Market players are growing their market position by various tactics such as mergers and acquisitions, new product launches, and strategic collaborations, among others. Market vendors are also aggressively spending in R&D to improve their product offerings. Because of the benefits associated with wireless devices, market players are primarily providing wireless gas sensors. 'Honeywell International Inc. (US) ', 'MSA Safety Incorporated (US) ', 'Amphenol Corporation (US) ', 'Figaro Engineering Inc. (Japan) ', 'Alphasense (UK) ', 'Sensirion AG (Switzerland) ', 'Process Sensing Technologies (UK) ', 'Arms-OSRAM AG (Austria) ', 'MEMBRAPOR (Switzerland) ', 'Senseair AB (US) ', 'Niterra Co., Ltd. (Japan) ', 'Nissha Co., Ltd. (Japan) ', 'Renesas Electronic Corporation (Japan) ', 'Breeze Technologies (Germany) ', 'eLichens (France) ', 'Bosch Sensortec GmBH (Germany) ', 'Danfoss (Denmark) ', 'Edinburg Sensors (UK) ', 'GASTEC Corporation (Japan) ', 'Nemoto & Co., Ltd. (Japan)'

Gas sensors are being increasingly used in the automotive industry to monitor exhaust emissions and improve fuel efficiency, which is driving the demand for gas sensors in this sector.

Miniaturization of gas sensors: Gas sensors are becoming increasingly miniaturized, with manufacturers developing smaller and more compact sensors that are easier to integrate into devices and systems. This trend is driven by the growing demand for portable and handheld gas sensors, as well as the need for sensors that can be integrated into IoT devices and smart systems.

Asia Pacific dominated the market, accounting for more than 32.0% of revenue globally in 2022 and is projected to continue dominating during the forecast period. The growing awareness of the impact of air pollutants on human health in Asia Pacific countries such as India and China is increasing demand for gas sensors for air quality monitoring. The region's growing urbanization is also adding to the rising need for gas sensors. Furthermore, governments in the Asia Pacific area are substantially investing in smart city projects, offering significant opportunities for smart sensor devices. Such characteristics bode well for the expansion of the regional market.

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Gas Sensor Market Dynamics

Gas Sensor Market Report Snapshots

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What is the global market size of Gas Sensor Market?

Who are the key vendors in the Gas Sensor Market?

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