Global Gas Sensors Market Analysis by Top Companies Engineering, AMS AG, Amphenol Corporation AB, MSA Safety Incorporated, Sensirion AG and City Technology
Verified Market Research has recently published a report, "Global Gas Sensors Market Size By Gas Type, By Vertical, By Technology, By Geographic Scope And Forecast"
BOONTON, N.J., Dec. 16, 2019 /PRNewswire-PRWeb/ -- Gas Sensors Market Size and Forecast
The Global Gas Sensors Market was valued at USD 939.5 Million in 2018 and is projected to reach USD 1,575.9 Million by 2026, growing at a CAGR of 6.81% from 2019 to 2026.
What are Gas Sensors?
Generally, gas sensors are defined as transducers that convert the one parameter into other i.e. a non-electrical quantity into an electrical signal. These devices detect the presence or concentration of gases in the atmosphere. On the basis of concentration, the sensor produces a corresponding potential difference by changing the resistance of the material inside the sensor, which can be measured as output voltage. on the basis of voltage value, type and concentration of gases can be estimated. Gas sensors are widely used to improve environmental and safety control of gases. These sensors are used in carrying out the optimization of combustion reactions in the emerging transport industry and in domestic and industrial applications. Depending upon the technology applied in the development of the gas sensor, it is classified into Solid State, Spectroscopic and Optic.
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Global Gas Sensors Market Outlook
The growing adoption of gas sensors in HVAC systems and air quality monitoring systems are expected to boost the market growth. In the present scenario, HVAC systems are installed in various residential and commercial buildings to monitor and regulate environmental conditions. Similarly, air quality monitoring systems are used for measuring air quality, low and high levels of criteria pollutants, as well as other gases and toxins. The growing adoption of gas sensors in various end-user industries opens up new opportunities for the market. In today's world, gas sensors are key elements in a variety of applications in various niche market sectors. These sensors affect the quality of natural life as well as the efficiency of industrial production. Reliable detection of various gases in low concentration is mandatory in numerous fields such as industrial plants, automotive technologies, environmental monitoring, or air quality assurance and the adoption of gas sensors can be useful for the same purpose. However, the operational challenges faced by gas sensors might hamper the overall growth at a global level.
Global Gas Sensors Market, Segment Analysis
The Gas Sensors market is segmented on the basis of Gas Type, Vertical, Technology, and Geography.
Global Gas Sensors Market, by Gas Type:
The market is segmented on the basis of Gas Type into Carbon Dioxide, Carbon Monoxide, Oxygen, Nitrogen Oxides, and Others. Global Gas Sensors Market for Carbon Dioxide segment is anticipated to be the largest as well as fastest growing over the estimated period. The measuring of CO2 is critical in monitoring various industrial processes and indoor air quality. The CO2 gas sensors are expected to have exponential growth over the forecast period as it plays an important role in reducing indoor pollutants.
Global Gas Sensors Market, by Vertical:
The market is segmented on the basis of Vertical into Industrial, Oil & Gas, Automotive & Transportation, Environmental Monitoring & Water treatment, Medical, Food & Beverages, and Others. Global Gas Sensors Market for Industrial (Metals & Chemicals, Power Station, Mining) segment is anticipated to be the largest during the forecast period. The chemical industry is a major player in the global economy, with the developed and developing economies manufacturing the materials that are indispensable to today's world through it. The power generation industry which is one of the major contributors to environmental emissions requires continuous and periodic monitoring of emissions to ensure that each plant is within Emission Limit Values (ELVs). Hence, the active detection of such gases in the power station, gas sensors are being used for decades. Whereas, in mining, in order to minimize the risks associated with exposure to hazardous gases and ensure the safety of miners, the use of gas sensors and 24-hour online monitoring detectors is essential and very important.
Global Gas Sensors Market, by Technology:
The market is segmented on the basis of Technology into Solid State/Metal Oxide & Semiconductor, Electrochemical, Infrared, Catalytic, Photoionization Detectors and Others. Global Gas Sensors Market for the Electrochemical segment is anticipated to be the largest over the estimated period as the medical segment contributed significantly to the growth of the electrochemical sensor. Advancement in various diagnostic and the increase of biosensor employing electrochemical sensing technology owing to a huge demand for point of care applications.
Global Gas Sensors Market, Geographic Analysis
The Global Gas Sensors market is studied on the basis of key geographies North America, Europe, Asia Pacific and Rest of the World (RoW). The Asia Pacific dominated the Global Gas Sensors Market in 2018. China market accounted for the majority of the market in this region in 2018, which is expected to continue over the forecast period. APAC is witnessing rapid growth in the gas sensor market due to factors, including the adoption of new technologies in emerging countries, such as India, Malaysia, and increasing R&D activities for the development of new sensors by regional market players. Leading gas sensor manufacturers in the APAC gas sensor market are actively engaged in the launch of the next-generation gas sensor.
Global Gas Sensors Market, Competitive Landscape
The Global Gas Sensors market is highly fragmented with the presence of a large number of manufacturers globally. Some of the major players include Figaro Engineering Inc., AMS AG, Amphenol Corporation AB, MSA Safety Incorporated, ALPHASENSE, Sensirion AG, City Technology Ltd., MEMBRAPOR, and Dynament. Amphenol Corporation AB is one of the top five players in the Gas Sensors market. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
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Table of Content
1 Introduction of Gas Sensors Market
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 Executive Summary
3 Research Methodology of Verified Market Research
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 Gas Sensors Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Gas Sensors Market, By Deployment Model
5.1 Overview
6 Gas Sensors Market, By Solution
6.1 Overview
7 Gas Sensors Market, By Vertical
7.1 Overview
8 Gas Sensors Market, By Geography
8.1 Overview
8.2 North America
8.2.1 U.S.
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 U.K.
8.3.3 France
8.3.4 Rest of Europe
8.4 Asia Pacific
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 Rest of Asia Pacific
8.5 Rest of the World
8.5.1 Latin America
8.5.2 Middle East
9 Gas Sensors Market Competitive Landscape
9.1 Overview
9.2 Company Market Ranking
9.3 Key Development Strategies
10 Company Profiles
10.1.1 Overview
10.1.2 Financial Performance
10.1.3 Product Outlook
10.1.4 Key Developments
11 Appendix
11.1 Related Research
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