The Global Gas
Sensor Market research report interprets
definition, an investigation of significant progress in the industry. It
provides overall industry survey, product description, wide array of
applications, top players, and development forecast. It enhances understanding
about that market along with new business trends.
Global Gas Sensor Market is
estimated to reach USD 3,436.2 million by 2025 and is expected to grow at a
significant CAGR in the upcoming period as the scope and its applications are
rising enormously across the globe. A gas sensor is an equipment that
quantifies or detects the concentration or presence of gases in a specific
volume. It is exclusively used for gases like arsine, ammonia, mercury vapor,
halocarbons or refrigerants, hydrogen cyanide, nitrogen dioxides, phosphine,
carbon dioxide, and others.
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Main features of the report:
·
To provide
detailed analysis of the market structure along with forecast of the various
segments and sub-segments of the global Gas Sensor Market.
·
A complete
backdrop analysis, which includes an assessment of the parent market
·
Important
changes in market dynamics
·
Market
segmentation up to the second or third level
·
To provide
country level analysis of the market for segment by application, product type
and sub-segments.
·
To provide
strategic profiling of key players in the market, comprehensively analyzing
their core competencies, and drawing a competitive landscape for the market.
·
Track and
analyze competitive developments such as joint ventures, strategic alliances,
mergers and acquisitions, new product developments, and research and
developments in the global Gas Sensor Market.
·
Emerging
niche segments and regional markets
·
An
objective assessment of the trajectory of the industry.
The factors that are
playing a major role in the growth of gas sensors market are the rising
awareness regarding air quality control, government initiatives for safety,
greenhouse gas emissions and use of miniaturized wireless sensors. However,
technical challenges/issues related to temperature, size, and energy consumption
may restrain the overall market growth in the years to come. Gas sensor
industry is segmented based on product type, technology, end-user, and region.
Methyl mercaptan sensor,
oxygen/lambda sensors, nitrogen oxide (NOx) sensors, carbon dioxide sensors, carbon
monoxide sensors, and other product types are explored in gas sensor market.
The nitrogen oxide (NOx) sector accounted for the substantial market share of
gas sensor and is estimated to lead overall market in the years to come. The
reason supplements with positive initiatives for limiting emission levels.
Based on technology,
infrared (IR), electrochemical, catalytic, semiconductor, PID, semiconductor,
solid state/MOS, and others classify gas sensor industry. Electrochemical
sector accounted for the substantial market share of the gas sensor and is
estimated to continue dominance in the years to come. The reason could be its
ability to detect toxic gas concentration. Also, infrared (IR) sector is
estimated to grow at the highest CAGR in the years to come. The reason could be
its ability to measure a wide variety of gases like carbon dioxide, methane,
and others.
The gas sensors market is
categorized based on end-users like agriculture, medical, industrial, building
automation & domestic appliances, automotive, environmental, petrochemical,
and others. The industrial sector accounted for the substantial market share of
the gas sensor and is estimated to lead the overall market in the years to
come. The reason could be the strict policy by government to confirm the safety
of workers and occupational health. Also, medical sector is estimated to grow
at the fastest pace in the years to come.
Globally, Asia Pacific
accounted for the substantial market share of the gas sensor and is estimated
to lead the overall market in the years to come. The reason behind overall
market growth could be the developing medical care, infrastructure, and housing
sector, rapid urbanization, rising disposable income, and growth in
manufacturing sectors like metals & chemicals and automotive industries.
The developing countries like India and China are the major consumers of the
gas sensor in this region. The aspects that may be ascribed to the growth
comprise the high demand from end-users like chemical industries.
Europe and North America
are also estimated to have a positive influence on future growth. Europe is the
second largest region with significant market share. However, North America is
estimated to grow at the highest CAGR in the forecast period.
The key players of gas
sensors industry are GfG Europe Ltd., AlphaSense, Siemens AG, City Technology
Ltd., ABB Ltd., Dynament Ltd., Robert Bosch LLC., Figaro Engineering, Nemoto
& Co., Ltd., and Membrapor AG. These players are concentrating on inorganic
growth to sustain themselves amidst fierce competition.
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