Market Overview
Market Research Future (MRFR), in its
Global Gas Sensor Market 2020 report on the market can rise at 8.66% CAGR
across the assessment period 2019 to 2025. The rise in the valuation of the gas
sensor market can be from USD 1123.3 Mn in 2019 to USD 1795.9 Mn in 2025. The
availability of a wide range of Gas sensors to detect a range of gases,
such as combustible gases, a toxic gases, and flammable can impel the expansion
of the market. The widely utility of gas sensors in industries, such as metals,
chemicals, power stations, transportation, food & beverage, and smart
cities can boost the expansion of the gas sensor market. The rise in
application of gas sensors in manufacturing sectors can support the expansion
of the market in the years to come.
Competitive Analysis
The Key Players of the Global Gas Sensor Market are City Technology Ltd (UK),
Dynament(UK), AlphaSense (UK), Amphenol Corporation (US), Bosch Sensortec GMBH
(Germany), AMS AG (Austria), SenseAir AB (Sweden), NEW COSMOS ELECTRIC CO.,
LTD.(Japan), Membrapor AG (Switzerland), Sensirion AG (Switzerland) and
MSA (US), among others.
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Segmental Analysis
Global Gas Sensors Market has been segmented based on
Technology, Gas Type, Application, and Region.
Based on technology, the market has
been classified into electrochemical, photoionization detectors, solid
state/metal oxide semiconductor, catalytic, infrared, laser, others. The
electrochemical segment accounted for the larger market share in 2019, with the
higher market value. The photoionization detectors (PIDs) are gas detectors
used for the detection of various organic compounds. The catalytic gas sensors
are used for measuring concentrations of combustible gases for the prevention
of explosive accidents within industrial and domestic environments. The
infrared gas sensors manufactured by using infrared light, an optical filter to
select the proper wavelength, and an optical, infrared receiver. The
laser-based gas sensor is used for quantifying and detecting polluting gases,
which include methane and carbon dioxide. The other segment consists of
different technologies, which include Zirconia, Holographic, and others
Based on gas type, the market has
been classified into oxygen, carbon monoxide, carbon dioxide, hydrogen sulfide,
nitrogen oxide, methane, hydrogen, and others. The carbon dioxide accounted for
the largest market share in 2018, with the highest market value. The
oxygen gas sensors used for monitoring gaseous oxygen levels in a
variety of chemistry and biology experiments. It is used in industrial,
specialized medical, and scientific applications. The carbon monoxide sensor is
used in large industrial applications such as chemical, food, medical, and
other industries. The carbon dioxide sensor used for the detection of carbon
dioxide gas. These sensors are used in a wide range of applications, which
include, aerospace, healthcare, transportation, and other industries. The
hydrogen sulfide gas sensor is used in applications in petrochemical plants,
drilling and production, transportation, iron smelters, food processing plants,
and fire & gas detection. The nitrogen oxide sensor used for the detection
of nitrogen oxide within an environment. Additionally, these sensors are used
in the automotive industry; for instance, NOx sensors are used in diesel
vehicles for the detection of the amount of NOx gas emitting from the engine. A
methane gas sensor is a device that is used for detecting and monitoring the
concentration of methane present in the air in % LEL (Lower Explosive Limit)
levels or in percent by volume levels. The hydrogen sensors are used for
detecting leakages in the process and monitoring of air concentrations to
preventing catastrophic events. The other segment by gas type consists of
various gases, which include ammonia, chlorine, hydrocarbons, and others used in
the food and beverage industries for refrigeration, flash freezing, and bulk
storage.
The global Gas
Sensor Market Size, by
region, has been segmented into North America, Europe, Asia-Pacific, Rest of
The World. North America accounted for the largest market value of
USD 370.1 million in 2019; the market is expected to register a CAGR
of 8.0% during the forecast period. Asia-Pacific was the
second-largest market in 2019, valued at USD 329.7 million; it is projected to
register the highest CAGR of 10.0%.
In August 2017, New Cosmos Electric Co., Ltd.
launched a range of gas detectors for applications in the energy industry
vertical. These products include portable combustible gas detector XP-3000
series, portable multi-gas detector XA-4400II, portable multi-gas detector
XP-302M, personal CO/O2/H2S detector XX-2200 series, digital oxygen indicator
XO-326IIS, portable VOC analyzer XG-100V, cart-type combustible gas detector
XP-707IIIai, and fixed gas detector KD-12S.
In June 2018, New Cosmos Electric Co., Ltd.
launched gas detectors and alarms to ensure the safe use of liquefied natural
gas (LNG) with digital signage displays. These products include fixed gas
detector KD-12, gas leak detector XP-702III, and battery-operated fire/gas/CO
alarm MC-315S.
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