Gas Sensor Market Share, Size, Trends, Industry Analysis Report, By Product; By Gas; By Technology; By Connectivity (Wired, Wireless); By Output (Analog, Digital); By Application; By Region; Segment Forecast, 2022 - 2030
- Published Date:Oct-2022
- Pages: 117
- Format: PDF
- Report ID: PM2721
- Base Year: 2021
- Historical Data: 2018-2020
Report Outlook
The global gas sensor market was valued at USD 1.34 billion in 2021 and is expected to grow at a CAGR of 8.6% during the forecast period. The growing demand for the gas sensor is expected to be driven by the rising emission of toxic gases from automobiles, mining, and various industrial sectors.
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Technological advancements to develop compact, portable, and wireless gas sensors are expected to spur market growth. In addition, multiple gas detection devices to monitor and detect various harmful gas such as co2, CO, O2, and CH4 gases are increasing their demand in medical, scientific, and different industrial processes, which is expected to drive the market.
The COVID-19 pandemic had a significant impact on the market. During the initial phase of the pandemic, it had a negative effect due to the government's strict norms; the movement of goods was restricted, and many small and medium-scale industries incorporated for gas technologies suffered heavy losses that hampered the market.
However, there was a massive demand from the medical and healthcare sector to make critical care equipment like ventilators, oxygen concentrators, and many respiratory system-related tools. Moreover, the need for oxygen sensors was in massive demand in hospitals to manage oxygen use effectively, which uplifted the market during the pandemic.
The development and innovation in gas sensor devices have created a lucrative opportunity for manufacturers to produce smart gas sensors to check the real-time status and control remotely.
Additionally, the pipeline network used for the transportation of various hydrocarbon fluids has created multiple opportunities as numerous businesses are developing drone-based gas leak detection systems, complementing market growth over the forecast period.
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Industry Dynamics
Growth Drivers
The global market is likely to be driven by the rising adoption of the gas sensor in consumer electronics, HVAC systems and the growing demand for wireless gas sensors. Heating, ventilation, & air conditioning (HVAC) system has a huge demand for gas sensors due to rising pollution, including toxic and combustible elements. These systems are usually used for improving indoor air quality and monitoring co2 levels in enclosed spaces with greater efficiency and less wear and tear of HVAC systems.
Moreover, they have a wide application in oil & gas, petroleum, and refineries, which is expected to boost the market growth.
Rising R&D investments by numerous businesses to develop gas sensors that are affordable and compatible with the internet of things (IoT) is expected to boost the market growth. IoT-integrated sensors with smart asset monitoring eliminate manual involvement and provide accurate status of gas leakage; this feature supports market growth.
Moreover, gas sensor has wide applications in food & beverage, ventilation system, air pollution monitoring system, and automobile industries. The rising demand to detect harmful gases in these industries is expected to drive market growth.
Report Segmentation
The market is primarily segmented based on product, gas, technology, connectivity, output, by application, and region.
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By Product |
By Gas |
By Technology |
By Connectivity |
By Output |
By Application |
By Region |
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Gas detectors accounted for the largest share in 2021
Gas detectors accounted for the highest revenue share in 2021 as it detects threats in the surrounding; it is used in commercial and industrial settings where there is a high chance of danger which is expected to drive the market growth. In addition, the main application of such gas detectors is in metal & chemical, medical, mining, food & beverage, automotive, and power station sectors, which is boosting the market growth.
Moreover, the gas detection system can reduce the time it takes for evaluation as the manual monitor is negligible, which eventually reduces labor costs and is one of the significant reasons to complement market growth over the forecast period.
Oxygen gas sensors are expected to spearhead the market growth
The demand for oxygen gas sensors is driven by the rising demand for medical equipment and wearable devices. In addition, the ability to monitor toxic and combustible gases from biotechnology, food & beverages, medical, and automobile industries is expected to drive the demand for the segment over the forecast period.
Further, oxygen gas sensors identify potential leakage spots for harmful gas concentrations. They are frequently utilized in chemical plants, manufacturing facilities, and oil rigs where the production and processing of toxic gases and fluids take place, which is expected to drive revenue growth over the forecast period.
Electrochemical technology is expected to witness faster growth
The demand for electrochemical technology is expected to surge significantly over the forecast period owing to higher specificity for the target gas and operating safely with less power. In addition, this technology oxidizes the toxic gas quickly. It determines & measures the concentration of dangerous gas, which has a huge demand for electrochemical techniques in the mining industry and is expected to drive market growth.
Rising worker safety concerns, industrial automation, and key players using novel technologies to develop sensors with safer operations are expected to have a positive impact on the market growth over the forecast period.
Wireless segment is expected to account for the largest share in 2030
The wireless segment is expected to dominate the market over the forecast period owing to the ability to increase workplace safety by giving warnings in advance. In addition, they are small & light weighted, have sensitive sensors, and have a long battery life, which is required for air purification, gas leakage detection, drug & food production, and electrostatic precipitation, which is likely to have a positive impact on the revenue growth over the forecast period.
Furthermore, wireless gas sensors have high scalability & adaptability and are portable and cost-effective, which is one of the significant reasons to boost the market growth.
Digital gas sensor is expected to witness a higher growth rate
The digital gas sensor is expected to witness a higher growth rate during the forecast period as the output is generated in the microprocessor or computer representing the gas level.
In addition, these sensors provide visual alerts, detect multiple gases, and monitor the temperature. Moreover, real-time gas monitoring with live analysis is one of the major factors driving the market growth.
Small cities & building automation is expected to lead the market
Small cities & building automation is expected to lead the market in the forecast period owing to gas sensors being used in smart cities for a variety of environmental monitoring applications, including weather stations and in public spaces to monitor the quality of air.
In addition, heating, ventilation, and air conditioning (HVAC) system are used in buildings for various purposes, including environmental monitoring and regulating the concentration of a gaseous component, which has created a huge demand and is expected to drive market growth.
Asia Pacific is expected to dominate and witness fastest growth over the forecast period
The Asia Pacific is the largest region for gas sensors and is expected to witness faster growth over the forecast period owing to the increasing urbanization and industrialization across the countries. In addition, the growing number of buildings & factories has led to harmful pollutants in the atmosphere, and government norms imposed on industries are increasing the demand for gas sensors, which eventually contributes to revenue growth.
Furthermore, the increasing number of automobile and smart city projects across India, China, and Japan also support market growth. Moreover, the development in gas sensing technologies which are coupled with smartphones, smartwatches, and tablets to detect and monitor gas levels, is likely to have a positive impact on revenue growth.
Competitive Insight
Some of the major players operating in the global market include Alphasense Ltd, Amphenol, AMS AG, Bosch Sensortec, Gmbh, City Technology Ltd, Dynament Ltd, Figaro Engineering, FLIR Systems, Inc., GFG Gas Detection UK Ltd, Honeywell Analytics, Membrapor AG, MSA, New Cosmos Electric Co.Ltd, Nemoto & Co. Ltd, Robert Bosh Llc, Siemens, Senseair AB, and Sensirion AG.
Recent Developments
In April 2022, MSA safety launched a new product named ALTAIR io4 gas detection wearable devices, which works on cloud-ready technology. Their connected work platform brings workers, workflows, and work environment together to facilitate everyone’s access to safety.
In August 2022, Sensirion AG launched a new gas analyzer named DynamiQ-X NG2210 that delivers calorific values for natural gas monitoring that is quick and accurate online, as well as composition control and custody transfer information.
Gas Sensor Market Report Scope
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Report Attributes |
Details |
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Market size value in 2022 |
USD 1.43 billion |
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Revenue forecast in 2030 |
USD 2.76 billion |
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CAGR |
8.6% from 2022 – 2030 |
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Base year |
2021 |
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Historical data |
2018 – 2020 |
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Forecast period |
2022 – 2030 |
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Quantitative units |
Revenue in USD billion and CAGR from 2022 to 2030 |
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Segments Covered |
By Product, By Gas, By Technology, By Connectivity, By Output, By Application, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America; Middle East & Africa |
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Key Companies |
Alphasense Ltd, Amphenol, AMS AG, Bosch Sensortec, Gmbh, City Technology Ltd, Dynament Ltd, Figaro Engineering, FLIR Systems, Inc., GFG Gas Detection UK Ltd, Honeywell Analytics, Membrapor AG, MSA, New Cosmos Electric Co.Ltd, Nemoto & Co. Ltd, Robert Bosh Llc, Siemens, Senseair AB, Sensirion AG. |
