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The gas sensors market size is estimated to grow by USD 719.28 million at a CAGR of 9.98% between 2022 and 2027. The market experiences growth driven by the expansion of LNG trade, heightened focus on enhancing workplace safety, and the increasing utilization of gas sensors in the mining sector. These factors contribute to a growing demand for advanced gas detection solutions, fostering market expansion and innovation to meet evolving industry needs.
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This market growth analysis report extensively covers market segmentation by end-user (industrial, petrochemical, building automation and domestic appliances, automotive, and others), type (wired and wireless), and geography (APAC, North America, Europe, South America, and the Middle East and Africa).
The industrial segment will account for a major share of the market's growth during the forecast period. The severe environmental conditions which are exploited by industrial sectors such as petroleum and natural gas, or metals containing dangerous explosives, there has been an increase in requirements for the use of gas detectors and safety equipment in this sector.
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The industrial segment was valued at USD 221.02 million in 2017 and continued to grow until 2021. A key element of industrial gas detection and fire suppression systems is a gas sensor. In case of a fire break, the gas sensors will be required to control the speed of the pump as it extracts water from an on-site source for use in the building. The rising incidents of explosions in industrial facilities have resulted in the framing of stringent guidelines by various governments and international safety agencies regarding the use of fire safety and explosion-proof equipment in industrial premises.
Based on type, the market has been segmented into wired and wireless. The wired segment will account for the largest share of this segment. A wired sensor consists of a monitoring panel that interfaces with and communicates to, equipped wall-mounted gas sensors which are connected by wires. These sensors help to inform people about the presence of poisonous gases and prevent an industrial plant from being exposed to a risk of explosion due to such flammable gases. Hence, they ensure a safe working environment by monitoring the depletion of oxygen in an industrial facility. These detectors are permanently fixed in manufacturing plants, control rooms, or areas where high protection from hazardous gases is required. Such factors will increase segment growth during the forecast period.
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APAC is estimated to contribute 38% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. Due to the development of significant infrastructure, the market in APAC is anticipated to see the highest demand from nations like India, China, Malaysia, and the Philippines. These nations are supposed to observe expanded interest for sensors during the estimated time frame. The market in APAC is further driven by factors such as expanding urbanization and the introduction of affordable housing projects. In APAC, China is the largest construction market. China's rise to prominence as a global construction market is a result of the country's high economic growth rate, which is matched only by its world-leading population. The demand for high-rise condominiums and luxury apartments will rise in China as the middle-class population grows and disposable income rises. Such factors will increase the market growth in this region during the forecast period.
The market thrives on innovations like miniaturization and wireless capabilities, meeting the demands of various sectors such as automotive manufacturing, oil & gas, and healthcare. With government regulations tightening on greenhouse gas emissions and industrial processes, gas sensors play a pivotal role in ensuring compliance and mitigating pollution. They detect toxic gases like methane in the LPG and LNG industries, enhancing industrial safety and environmental monitoring. As leading players continually launch advanced products adhering to international standards, gas sensors remain indispensable for remote monitoring and control of gas concentrations, enabling smart cities and building automation.
Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.
The surge in LNG trade is propelling market expansion. LNG's rise as a transport fuel, coupled with the opening of new trade routes, fuels its demand. The global LNG market's growth is driven by the escalating focus on clean energy. Countries aim to boost natural gas in their energy mix, spurring LNG demand. LNG is prized for its safety and operational performance. Gas sensors are pivotal for overseeing LNG plant operations, ensuring safety and efficiency. Despite the US's dominance in natural production, LNG usage is surging globally. This trend, alongside LNG's expanding role, amplifies the need for sensors, driving market growth.
New product launches are a primary trend in the market. Infrared gas sensors may trigger a false alarm in extreme or unfavorable climatic conditions. Some of the essential problems faced by the offshore oil and gas industry when they deploy gas sensors to detect gas leakages are factors such as low reliability, insufficient detection speed, or an excessive frequency of erroneous alarms. Triggering false alarms in such industrial setups may also lead to the complete shutdown of production and isolation of electrical equipment, which can have a catastrophic effect on plant equipment, such as compressors and generators.
However, there is an ionization sensor or a solar panel, which senses and responds rapidly to fast-burn fires, in the majority of gas detectors & alarms. Gas detectors with ionization sensors respond rapidly to burning fires. Ionization sensors in gas detectors are responsible for creating false alarms in non-fire situations. Therefore, it is not allowed to use detectors containing ionizing sensors close to kitchens and bathrooms. Hence, this poses a major challenge for Companies as the use of gas detectors with ionization sensors will increase the number of complaints from consumers regarding false alarms, which is likely to have an adverse effect on the growth rate of the market in focus over the forecast period.
The issues related to sensitivity, selectivity, and stability of gas sensors are a major challenge in the market growth. The components of the gas-sensing device are very sensitive and their functioning may be affected in locations where temperature or pressure variations occur. The availability of a wide range of gas sensors in the market often leads to confusion among end-users on which one to choose. As these sensors are of various importance and can be used for a wide variety of applications in the facility, end user users find it difficult to determine which best-fit product fits their needs by taking into account the facilities' requirements.
The problem of delivering undesirable outcomes is also raised by sensors that are exposed to different gases. Gas sensor readings may be incorrect with respect to the concentration of gases for a chemical industry where numerous gases are manufactured by different processes. In contrast, readings may get distorted by the sun when UV gas detectors are placed in an enclosed space. Such problems in sensors under certain conditions may lead to false alerts to workers. Such factors may negatively impact the market in focus during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
ABB Ltd. - The company offers gas sensors such as FusionAir Smart Sensors.
AMETEK Inc. - The company offers gas sensors such as the A series and A plus series.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market Companies, including:
Technavio's market growth and forecasting report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies Companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The market is witnessing rapid evolution driven by technological advancements and increasing demand across various sectors. Factors such as miniaturization and wireless capabilities are revolutionizing gas sensor design, enabling their integration into a wide range of applications. From industrial processes and automotive manufacturing to environmental monitoring and healthcare, gas sensors play a crucial role in ensuring safety and compliance with government regulations regarding toxic gases and harmful emissions. Leading players in the gas sensor market are developing innovative solutions that leverage communication technologies and IoT networks for remote monitoring and control of concentrations. Moreover, advancements in analyzers and replacement sensors are enhancing air quality monitoring and industrial safety. As smart cities and building automation initiatives gain traction, gas sensors are becoming integral to managing indoor air quality levels and reducing exposure to pollutants like carbon dioxide and volatile organic compounds.
In the automotive manufacturing industry, gas sensors are crucial for ensuring compliance with Corporate Average Fuel Economy standards and greenhouse gas emission regulations. They monitor combustible gases like methane and propane to prevent accidents and minimize environmental impact. Similarly, in the oil & gas and power industries, gas sensors play a vital role in detecting leaks and preventing disasters, ensuring public safety and minimizing excess emissions. By adhering to international standards and leveraging IoT technologies, wired and wireless sensors provide real-time data for proactive decision-making, safeguarding both human health and environmental quality in various industrial settings.
The market research and growth report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Gas Sensors Market Scope |
|
Market Report Coverage |
Details |
Page number |
173 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 9.98% |
Market growth 2023-2027 |
USD 719.28 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
9.89 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 38% |
Key countries |
US, China, South Korea, Japan, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
ABB Ltd., AMETEK Inc., Amphenol Corp., ams OSRAM AG, Angst Pfister Sensors and Power AG, DENSO Corp., Dragerwerk AG and Co. KGaA, eLichens, Figaro Engineering Inc., GASTEC CORP., Honeywell International Inc., Industrial Scientific Corp., Nemoto and Co. Ltd., Niterra India PVT. LTD., Robert Bosch GmbH, Senseair AB, Siemens Energy AG, Sensirion AG, Techcomp Instruments Ltd., and MEMBRAPOR AG |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
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