According to a report published by Grand View Research, Inc.; the global gas sensor market is anticipated to attain significant revenue by 2025. Increasing regulatory efforts in developed countries to support occupational health and safety can impel the market over the forecast period (2014 to 2025). Rising demand from end-use industries can further propel the growth in near future.
High demand to detect toxic gases in potentially hazardous environments is expected to boost the market for gas sensors. Implementation of regulations like the Occupational Safety and Health Administration (OSHA) and the Health and Safety at Work Act (HSWA) can further boost the adoption in various industries. The capability of wireless sensors to sense toxic gases or explosions from safe distance is anticipated to impel the market in the forthcoming years. These sensors are cost-effective as compared to wired gas sensors and are expected to witness high integration with Internet of Things (IoT).
Different types of gas sensors are used to detect the presence of flammable gases having flammable conditions accurately. Technological innovations in sensor technology can drive the gas sensors market over the forecast period. Technologies such as non-dispersive infrared (NDIR) sensors for CO2 or combustible gas, miniaturized photo ionization detectors (PIDs) to measure quantity, and others can be also integrated into multisensory portable devices. This many impel the demand in near future.
Full Research Report On Gas Sensors Market Analysis: https://www.grandviewresearch.com/industry-analysis/gas-sensors-market
Increasing concerns regarding indoor and outdoor air quality are driving the demand for gas sensors, particularly in building automation projects. Theses sensors are likely to witness high demand from the heating, ventilation, and air conditioning (HVAC) control systems for improved intelligent ventilation control. Additionally, trends like flexible electronics, printed sensor manufacturing, and miniaturized systems can further impel the market in the forthcoming years.
The worldwide gas sensor market can be segmented on the basis of technology, product, end-use, and regions. As per technology, the market can be segregated into electrochemical, semiconductor, PID, solid state/ Metal-Oxide-Semiconductor (MOS), infrared (IR), catalytic, and others. Based on product, the market can be classified into carbon dioxide sensors, oxygen/lambda sensors, nitrogen oxide (NOx) sensors, carbon monoxide sensors, and others. On the basis of end-use, the market can be fragmented into medical, building automation and domestic appliances, environmental, petrochemical, automotive, industrial, and others.
Geographically, the market can be divided into North America, Europe, Asia Pacific, South America, and Middle East and Africa. Europe and North America have mandated the use of these sensors in hazardous surroundings. In 2016, European dominated the market due to high technological developments in gas sensor technologies. Demand for gas sensors that can be integrated into handheld devices has stimulated the regional growth.
In addition, increasing focus on energy efficiency and governments efforts for improving emission control standards have led to impressive rise in demand for gas sensors in the regional automotive sector. Increased investments in IT and high growth of various end-use industries can also create positive outlook for the regional gas sensor market. The use of electrochemical gas sensors is comparatively high in medical and automotive industries due to the efficiency and accuracy. This may further propel the regional demand over the forecast period.
The Asia Pacific region is anticipated to showcase rapid growth in the coming years. This growth can be attributed to increasing demand for handheld devices and gas sensors. Rapid rise in automotive production is also expected to impel the regional market over the forecast period.
Some of the top players operating in the gas sensor market include ABB Ltd.; Figaro Engineering Inc.; Nemoto & Co., Ltd.; Yokogawa Electric Corporation; and Siemens AG. Most market players are focusing on research and development (R&D) activities to produce technologically advanced gas sensor products. Most companies are adopting innovative ideas to enhance manufacturing techniques and to improve their product portfolio.
Key players in the market for gas sensor are also expanding their offerings and production capacities by following business strategies like mergers and acquisitions (M&A) and collaborations. Reducing the cost of gas sensors used for industrial applications is a great challenge for the market participants.
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