Gas Sensor Market By Product Type (Oxygen/Lambda Sensor, Carbon Dioxide Sensor), Technology (Catalytic, Electrochemical, Infrared (IR)), End-Users (Agriculture, Automotive) & Region for 2024-2031
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
View Details Download Sample Ask for Discount Request CustomizationGas Sensor Market By Product Type (Oxygen/Lambda Sensor, Carbon Dioxide Sensor), Technology (Catalytic, Electrochemical, Infrared (IR)), End-Users (Agriculture, Automotive) & Region for 2024-2031
Gas Sensor Market Valuation – 2024-2031
The gas sensor market is experiencing a significant surge in demand driven by several key factors. One major motivator is the increased emphasis on environmental safety and air quality monitoring. As urbanization and industry accelerate, the requirement to identify and reduce dangerous gas emissions becomes increasingly crucial. Governments and regulatory agencies around the world are enforcing stronger environmental restrictions prompting industries to implement gas detection systems to assure compliance and avoid penalties. Furthermore, greater public awareness of health risks associated with air pollution has resulted in increased use of gas sensors in residential, commercial and public places to monitor and improve indoor air quality by enabling the market to surpass a revenue of USD 3.22 Billion valued in 2024 and reach a valuation of around USD 5.92 Billion by 2031.
Another key element driving the increased demand for gas sensors is the rapid expansion of the Internet of Things (IoT) and smart technologies. Gas sensors are essential components for smart cities, smart homes and industrial IoT applications. They provide real-time data and analytics that enable predictive maintenance and improve operational efficiency in a variety of industries including manufacturing, oil and gas, automotive and healthcare. As a result, the ongoing research and development of sensor technologies as well as their expanding applications highlight the rising demand in the gas sensor industry by enabling the market to grow at a CAGR of 8.70% from 2024 to 2031.Â
Gas Sensor MarketDefinition/ Overview
A gas sensor also known as a gas detector is a device that detects and measures the presence of gas in the environment. It converts the concentration of specific gases into a measurable electronic signal. Gas sensors are often classified according to their sensing technology which includes electrochemical, infrared, metal oxide semiconductor (MOS) and catalytic sensors each capable of detecting different types of gases and concentrations. These sensors are critical for guaranteeing safety, monitoring environmental conditions and facilitating a variety of industrial processes.
Gas sensors have a wide range of uses in various sectors. In the industrial sector, they are used to detect combustible and poisonous gases preventing accidents and ensuring worker safety. Gas sensors are used in oil and gas plants to detect harmful gas leaks such as methane and hydrogen sulphide. In environmental monitoring, these sensors track pollutants and greenhouse gases to aid in air quality management and climate change research. Gas sensors detect carbon monoxide and other dangerous gases in homes keeping residents safe from poisoning.
Looking ahead, the use of gas sensors is expected to grow significantly driven by technological improvements and the rising need for greater safety and environmental monitoring. Integration with the Internet of Things (IoT) is projected to improve the capabilities of gas sensors allowing for real-time data collection and remote monitoring. Sensor shrinking and the development of low-cost, low-power sensors will increase their application reach making them more affordable for consumer electronics and portable gadgets.
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How Will Increasing Demand for Gas Sensors in Critical Industries Drive the Gas Sensor Market?
The rising need for gas sensors in critical industries is a major driver of the gas sensor market. Industries such as oil and gas, chemicals, mining and power rely heavily on gas sensors to detect and monitor flammable and dangerous gases. These sensors are critical for ensuring the safety of manufacturing processes and adherence to environmental requirements. For example, in the chemical industry, gas sensors are critical for detecting the presence of hazardous gases such as sulfur dioxide and chlorine preventing leaks and ensuring worker safety.
Furthermore, the release of gases such as methane, propane and butane in these industries endangers public health and raises the possibility of explosive mishaps. To counteract these hazards, regulatory organizations in nations such as the United States, the United Kingdom, Germany, China and France have enacted tough laws to limit dangerous gas emissions. This regulatory pressure is causing enterprises to employ advanced gas detection technology in order to meet safety and environmental requirements.
Overall, the need to monitor and detect dangerous gases in essential industries is growing, driving up demand for gas sensors. This tendency is projected to drive the gas sensor market as industries prioritize safety, regulatory compliance and environmental protection.
How Will the Complexity Involved in Developing Industry-Specific Sensors Hamper the Gas Sensor Market?
The complexity of designing industry-specific gas sensors poses a substantial barrier to the market’s expansion because many industries like industrial, healthcare and consumer electronics have different requirements for gas sensors such as response time, detection limits and compatibility with current systems designing sensors that suit these diverse objectives can be difficult. Developing new and enhanced gas sensors necessitates considerable research and development (R&D) efforts to assure stability, dependability and accuracy.
This complexity causes a number of problems like developing and commercializing new gas sensors takes time and resources. The need for proper calibration and testing extends the time and cost of introducing novel sensors to the market. Furthermore, the demand for extensive collaborations between research institutes and businesses complicates the development process frequently resulting in increased manufacturing costs. These higher costs and longer development timeframes can discourage investment and limit overall market growth.
Furthermore, difficulties in meeting the required performance standards can result in a scarcity of stable and dependable sensors limiting their use across industries. As a result, while demand for specialized gas sensors is increasing, the complexity associated with their development may severely impede the gas sensor market’s growth.
Category-Wise Acumens
Will the Critical Role in Monitoring Indoor Air Quality Drive the Product Type Segment?
The Carbon Dioxide (COâ‚‚) Sensor category is expected to dominate the gas sensor market due to its crucial function in monitoring indoor air quality in various environments such as homes, businesses, cars and hospitals. Concerns about air quality and its influence on health have led to an increase in demand for precise and reliable carbon dioxide monitors. These sensors detect increased carbon dioxide levels indicating poor ventilation and potentially dangerous air contaminants.
MEMS-based carbon dioxide sensors are gaining popularity due to their compact size, low power consumption and high precision. MEMS technology enables the development of small and inexpensive sensors that can be easily integrated into a variety of devices and systems. This makes them ideal for smart home applications, HVAC systems and portable air quality monitors.
Carbon dioxide sensors are widely used to regulate indoor air quality and technological improvements in MEMS-based sensors have contributed to their dominance in this area. The increased awareness of the importance of air quality in preventing respiratory diseases and ensuring overall well-being fuels demand for carbon dioxide sensors strengthening their dominant position in the gas sensor market.
Will the Efficiency and Specificity Drive the Technology Segment?
The electrochemical segment is predicted to lead the gas sensor market due to its significant advantages in power efficiency, safety and specificity for detecting target gases. Electrochemical sensors work by oxidizing the target gas at the electrode and detecting the current produced allowing for precise and effective monitoring of dangerous gas concentrations. This precision makes them excellent for a wide range of essential applications including industrial safety, environmental monitoring and home air quality control.
Electrochemical sensors are especially recognized for their low power consumption which makes them ideal for portable and battery-powered systems. Their high specificity for individual gases decreases cross-sensitivity and enhances dependability, increasing overall safety when detecting hazardous gases such as carbon monoxide and hydrogen sulfide. These capabilities are critical in areas where accurate gas detection is required to avoid health hazards and maintain safety.
Furthermore, infrared (IR) technology is expected to expand significantly owing to its uses in monitoring oxygen levels in medical devices such as incubators and ventilators. The growing global concern over pollution as well as the necessity for effective air quality monitoring solutions are driving up demand for advanced gas sensing technologies. The complementary expansion of IR sensors highlights the different needs of the gas sensor market but electrochemical sensors resilience and efficiency place them as market leaders.
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Country/Region-wise Acumens
How Will the Increasing Government Investment Drive the Market in Asia Pacific Region?
Asia Pacific is expected to have the largest market share for gas sensors driven by rising awareness of air quality and its influence on human health in countries such as China and India. In these Asia Pacific regions, rapid industrialization and urbanization have resulted in higher pollution levels driving up demand for gas sensors to monitor and regulate air quality. As people become more aware of the health dangers of air pollution, there is a greater emphasis on implementing advanced gas detection technology in both residential and business settings.
Furthermore, governments in the Asia-Pacific region are significantly investing in smart city programs, thereby expanding the market opportunity for smart sensor devices. These efforts seek to integrate sophisticated technologies into urban living situations such as enhanced air quality monitoring and management systems. The use of smart sensors is critical for real-time monitoring and analysis of air pollutants resulting in more effective and responsive environmental controls.
The Asia-Pacific area is a prominent market for gas sensors because of increased public health awareness and significant government backing for smart infrastructure initiatives. This rising demand is likely to stimulate technological innovation and broad deployment of gas sensors in a variety of applications bolstering the region’s global market dominance.
Will the Stringent Regulations and the Consequent Need for Emissions Monitoring Boost the European Region?
Europe is expected to experience the fastest growth in the gas sensor market during the projected period owing to the severe rules governing gas emissions and the resulting requirement for emissions monitoring. The European Union has adopted stringent environmental rules aimed at lowering pollution levels necessitating the widespread use of gas sensors across a variety of industries. These regulations require stringent monitoring and control of emissions, notably in the industrial and automotive sectors to ensure compliance with environmental requirements.
In the automotive industry, safety regulations mandate all vehicle OEMs (original equipment manufacturers) to include gas sensor technologies in their products. Sensors for monitoring exhaust gases help reduce dangerous emissions improving vehicle safety and environmental compliance. As regulatory frameworks become more stringent, the need for gas sensors in the automobile sector is likely to increase dramatically. This development reflects the region’s overall commitment to reducing pollution and encouraging sustainable practices.
Furthermore, many regional market companies in Europe are currently developing new gas sensor technologies. These advancements aim to improve sensor accuracy, reliability and integration capabilities which are critical for fulfilling changing regulatory requirements. Continuous investment in R&D and the introduction of cutting-edge sensor technologies are important drivers of market expansion. As Europe ramps up its efforts to control pollution and improve air quality, the gas sensor market is expected to grow rapidly driven by both legislative impetus and technological developments.
Competitive Landscape
The Gas Sensor Market is a dynamic and competitive space, characterized by a diverse range of players vying for market share. These players are on the run for solidifying their presence through the adoption of strategic plans such as collaborations, mergers, acquisitions and political support. The organizations focus on innovating their product line to serve the vast population in diverse regions.
Some of the prominent players operating in the gas sensor market include
- BB
- AlphaSense Inc.
- Dynament
- Figaro Engineering
- Membrapor
- Robert Bosch LLC
- Siemens
- Honeywell
- FLIR Systems
 Latest Developments
- In September 2022, Figaro Engineering Inc. introduced the KE-LF line of lead-free galvanic cell oxygen sensors for safety, environment (combustion gas monitoring), food and education applications. Maxell Ltd., a Japanese company, created lead-free galvanic cell oxygen sensors like the KE-25LF and KE-25F3LF. They may live up to five years in ambient air, are chemically robust and are unaffected by CO2, H2S or SO2.
- In April 2021, ABB introduced the HoverGuard, a drone-based gas leak detection system. HoverGuard identifies, maps and quantifies leaks from transmission pipes, gathering lines and other potential sources up to 100 meters away in a safe, rapid and precise manner.
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
Study Period | 2021-2031 |
Growth Rate | CAGR of ~8.70% from 2024 to 2031 |
Base Year for Valuation | 2024 |
Historical Period | 2021-2023 |
Forecast Period | 2024-2031 |
Quantitative Units | Value in USD Billion |
Report Coverage | Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis |
Segments Covered |
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Regions Covered |
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Key Players | BB, AlphaSense Inc., Dynament, Figaro Engineering, Membrapor, Robert Bosch LLC, Siemens, Honeywell, FLIR Systems, Amphenol |
Customization | Report customization along with purchase available upon request |
Gas Sensor Market, By Category
Product Type
- Oxygen/Lambda Sensor
- Carbon Dioxide Sensor
- Methyl Mercaptan Sensor
Technology
- Catalytic
- Electrochemical
- Infrared (IR)
- Semiconductor
- Solid State/MOS
End-Users
- Agriculture
- Automotive
- Industrial
- Petrochemical
Region
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Research Methodology of Market Research
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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
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