Global Gas Sensor Market Projected Reach USD 1,630 Million by 2026

12-Apr-2021 | Facts and Factors

As per the report published by Facts & Factors, the global Gas Sensor market was valued at approximately USD 950 Million in 2019 and is expected to generate revenue of around USD 1,630 Million by end of 2026, growing at a CAGR of around 8 % between 2020 and 2026.

A gas sensor senses the traces or concentration of gases in the air or atmosphere. The gas sensor shows a change in resistance of the material used in the sensor depending on the concentration of gases in the atmosphere, which is then used to determine the output voltage. The form and concentration of gas are detected as a result of this shift in voltage value. Volatile compounds such as gases and air quality can be detected by gas sensors. These sensors calculate and record gas concentrations and can transform analyte gas concentrations into electronic or electrical signals. Gas sensors are designed to determine the concentration of gases in the atmosphere. There are various ways available depending on what you choose to measure. Depending on what you want to calculate, there are many options. In this case, the MQ-4 gas sensor will measure the concentrations of CPG, Methane (CH4), Hydrogen (H2), Carbon Monoxide (CO), liquor, and smoke. The sensor contains an intrinsic variable resistor whose value changes as gas centralization increases. The obstruction would be reduced if the fixation is strong. Where there is a lack of attention, the obstruction grows. In addition to the underlying resistor, a heap resistor must be used. This resistor alters the affectability and precision of the sensor. The value can range between 2k and 47k Ohms.

Top Market Players

Major players in the market are ABB, AlphaSense Inc., City Technology Ltd., Dynament, Figaro Engineering Inc., Membrapor, Nemoto & Co. Ltd., Robert Bosch LLC, Siemens, GfG Gas Detection UK Ltd., FLIR Systems, Inc.

Increasing demand in HVAC and Smart City Projects is driving the market of global Gas Sensor

Wireless gas sensors based on IoT can be used in smart cities to detect air pollution levels, predict fire conditions, and track gas combustion, among other things. Air quality data can be obtained, processed, and exchanged in real-time using IoT gas sensors, which will potentially lead to healthier smart cities. According to projections presented by SmartCitiesWorld, a publishing company, smart city spending will rise by 20% in 2020 compared to the previous year's investments. Singapore invested the most in smart cities, followed by the United States and Japan Technology advancements are encouraging vendors to create smart gas sensors. HVAC system eliminates contaminants from the atmosphere by proper ventilation and pressurization. HVAC systems provide fresh and pure indoor air. These systems are being used in a number of industries, including manufacturing and electricity. These companies use processes that transport combustible or hazardous materials. Gas sensors deployed in HVAC systems in various industry domains require the presence of combustible gases and toxic elements to detect and measure the number of toxic substances present in the atmosphere. The market for electrochemical sensors is expanding because they are inherently safer to use, consume less power, and provide greater specificity to the target gas. The Occupational Safety and Health Administration's regulations on toxic gas fume exposure are particularly driving demand for gas sensors. The ability of electrochemical sensors to detect hazardous gases, landfill gases, and other gases bode well for the segment's future growth. Similarly, the extensive focus of the countries on improving the environment is driving the demand of gas sensor which detects harmful traces of pollutants and measure their concentration, this information is critical in order to deal with air pollution

North America is projected To Dominate the Global Gas Sensor Market

In terms of regions, the Asia Pacific region is expected to be the fastest developing. In Asia Pacific countries such as India and China, growing knowledge about the effects of air pollution on human health is driving demand for gas sensors for air quality monitoring. The region's continued urbanization adds to the region's rising demand for gas sensors. Europe's economy is expected to grow steadily over the forecast period. Stringent regulations regulating greenhouse gas emissions, as well as the resulting need for emissions monitoring, are expected to drive regional market growth. The North America market is growing due to the excessive demand for building automation and domestic purposes. In the Middle East and Africa region, the demand is cornered by oil and gas industries operating the region

Report Scope

.Browse the full “Gas Sensor Market by Gas Type (Carbon Monoxide, Methane, Hydrogen, Ammonia, Oxygen, and Others), By Technology (Infrared Gas Sensor, Photo Ionization Sensor, Electrochemical Gas Sensor, Thermal Conductivity Gas Sensor, Metal Oxide-Based Gas Sensor, Catalytic Gas Sensor, and Others), By End User (Medical, Building Automation & Domestic Appliances, Environmental, Petrochemical, Automotive, Industrial, Agriculture, Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026” report at https://www.fnfresearch.com/gas-sensor-market

The Global Gas Sensor market is segmented as follows:

By Gas Type:

• Carbon Monoxide
• Methane
• Hydrogen
• Ammonia
• Oxygen
• Others

By Technology:

• Infrared Gas Sensor
• Photo Ionization Sensor
• Electrochemical Gas Sensor
• Thermal Conductivity Gas Sensor
• Metal Oxide-Based Gas Sensor
• Catalytic Gas Sensor
• Others

By Application:

• Medical
• Building Automation & Domestic Appliances
• Environmental
• Petrochemical
• Automotive
• Industrial
• Agriculture
• Others

By Region:

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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