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Gas Sensors Market By Technology (Electrochemical, Catalytic, Semiconductor, Infrared), By Product (Carbon Dioxide, Oxygen, Carbon Monoxide, Nitrogen Oxide, Hydrogen Sulfide, Hydrocarbons), By Application (Metal & Chemical Processing, Oil & Gas, Consumer Electronics, Healthcare, Automotive, Food & Beverages, Transportation, Building Automation & Residential, Environmental) - Growth, Share, Opportunities & Competitive Analysis, 2016 - 2023

Gas sensors are sensing devices that are used to detect the presence of a particular gas in a given area. These devices measure and indicate the concentration of certain gases in given air through different technologies. Some of the most popular gas sensor technologies include electrochemical, catalytic, semiconductor, solid-state/metal oxide semiconductor (MOS), infrared, and others. Typically, gas sensors are deployed to prevent exposure to toxic gases and fire. Thus, industrial manufacturing, oil and gas, and chemical processing are the three largest consumers of gas sensors.

Gas sensors are manufactured as portable (mobile) as well as stationary (fixed) units and hence can be easily deployed at desired locations. Gas sensors notify humans of an increase in the concentration of gases through audible or visible indicators such as sound alarms, lights, or a combination of the two. Gas sensors are usually designed to detect a specific gas. Nevertheless, over the course of time, multi-gas sensing devices have come into existence that is designed for detecting several gases at a time. Due to continued efforts toward developing advanced and compact gas sensors, the market is estimated to witness steady growth in the coming years.

The most significant factor fueling the gas sensor market is the ever-rising expansion of the industrial sector worldwide. Due to the rising number of oil and gas and chemical processing plants, the demand for gas sensors is estimated to remain strong throughout the forecast period. In addition, the rising automotive industry worldwide is another major factor fueling the market growth. Increasing environmental concerns regarding air quality are expected to significantly bolster market growth during the forecast period.

The report titled "Global Gas Sensors Market: Growth, Share, Opportunities, and Competitive Analysis, 2016–2023" offers strategic insights into the global gas sensors market along with the market size and estimates for the duration of 2013–2023. The report provides actual market data for the years 2013–2015, whereas the forecast is provided for the period 2016–2023. Further, the said research study covers an in-depth analysis of multiple market segments based on technology, vehicle class, and a cross-sectional study across different geographies and sub-geographies. The study covers the comparative analysis of different segments for the years 2015–2023. The report also provides a prolific view of market dynamics, such as market drivers, restraints, and opportunities. In addition, the report covers a section providing an analysis of the impact of market drivers and restraints over the forecast period.

In order to help strategic decision-makers, the report covers sections wherein the most attractive segments of the market have been analyzed and discussed. The report also includes competitive profiling of the leading gas sensor manufacturers, their SCOT (strengths, challenges, opportunities, and weaknesses) analysis, market positioning, and key developments.

Some of the major players profiled in the report are City Technology Ltd., Alphasense, Membrapor AG, Dynament Ltd., Figaro Engineering, Inc., Draegerwerk AG, Robert Bosch Gmbh Nemoto & Co., Ltd., Aeroqual Ltd., Yokogawa Electric Corporation, Siemens AG, ABB Ltd., NGK Insulators, Ltd., and others. The report also provides an overview of the major strategies adopted by the leading players recognized in the market.

Other in-depth analysis provided in the report includes:

Current and future market trends to justify the forthcoming attractive markets within the gas sensors and overall industry

Market fuelers, market impediments, and their impact on market growth

in-depth competitive environment analysis

Trailing 2-year market size data (2013–2015)

SRC (Segment, Region, Country) Analysis

Overall, the research study provides a holistic view of the global gas sensors market, offering market size and estimates for the period from 2016 to 2023, keeping in mind the above-mentioned factors.

The global gas sensors market is segmented, based on the products, into the following categories:

  • Carbon Dioxide (CO2)
  • Oxygen
  • Carbon monoxide (CO)
  • Nitrogen Oxide
  • Hydrogen sulfide (H2S)
  • Hydrocarbons
  • Others

As of 2015, the overall gas sensor market, on the basis of products (gases), is dominated by the CO2 and CO segments. In 2015, the segment collectively contributed to more than 40% of the total revenue generated worldwide. The demand for CO2 and CO sensors is largely driven by rising efforts to reduce carbon emissions in the atmosphere. Thus, the segments are estimated to remain dominant in the market throughout the forecast period.

The CO2 and CO segments are followed, in terms of revenue, by the oxygen gas sensors segment. Other major segments of the market include hydrogen sulfide, hydrocarbons, and nitrogen oxide gas sensor segments. Amongst these, the nitrogen sulfide and oxygen segments are projected to register the highest growth rates in the market during the forecast period.

The global gas sensors market is segmented, based on the sensing technology, into the following categories:

  • Electrochemical
  • Catalytic
  • Semiconductor
  • Infrared
  • Others

Electrochemical and semiconductor gas sensors are the most popular segments, collectively accounting for over forty percent of the total revenue generated worldwide. Electrochemical gas sensors are used for detecting hazardous gases such as carbon monoxide (CO) and hydrogen sulfide (H2S), among others. These are highly cost effective and offer a fairly high lifespan of up to 3 years. Subsequently, the electrochemical gas sensors segment is estimated to remain dominant in the market throughout the forecast period.

Semiconductor gas sensors offer a simple design and are fairly cost-effective. In addition, they can be easily designed as per the application. Subsequently, the segment is estimated to continue witnessing strong growth during the forecast period. Nevertheless, the infrared gas sensors segment is estimated to register the highest growth during the forecast period. The high anticipated growth is primarily due to their superior advantages over conventional sensor technologies such as electrochemical and catalytic gas sensors.

The global gas sensors market has been segmented on the basis of geographical regions, as per the following regions and countries:

  • North America
  • U.S.
  • Canada
  • Europe
  • U.K.
  • Germany
  • CIS
  • Rest of Europe
  • Asia Pacific
  • Japan
  • China
  • South Asia
  • Australasia
  • Rest of Asia Pacific
  • Middle East and Africa (MEA)
  • GCC countries
  • North Africa
  • Southern Africa
  • rest of MEA
  • Latin America
  • Brazil
  • Mexico
  • rest of Latin America

As of 2015, the gas sensor market worldwide was dominated by the Asia Pacific region. The segment contributed to over one-third of the total revenue generated worldwide in 2015. The most significant factor contributing to the large revenue share is the strong manufacturing and chemical processing industries in the region. The market here is largely backed by countries such as China, Japan, Taiwan, South Korea, and India due to their strong industrial sectors. Due to the steady anticipated industrial sector in the region, Asia Pacific is projected to retain its dominant position in the market throughout the forecast period.

Asia Pacific is closely followed by Europe in terms of revenue and penetration in the overall gas sensor market. Germany is among the largest markets for gas sensors across the region, primarily due to the strong electronics, automotive, and chemical industries in the country. The market here is also driven by the existence of regulations for installing gas sensors across different end-use applications. Subsequently, the Europe gas sensors market is projected to continue witnessing strong growth during the forecast period.

Frequently Asked Questions:

The market for Gas Sensors Market is expected to reach US$ 3.02 Bn By 2023.

The Gas Sensors Market is expected to see significant CAGR growth over the coming years, at 5.6%.

The report is forecasted from 2016 to 2023.

The base year of this report is 2015.

City Technology Ltd., Alphasense, Membrapor AG, Dynament Ltd., Figaro Engineering, Inc., Draegerwerk AG, Robert Bosch Gmbh Nemoto & Co., Ltd., Aeroqual Ltd., Yokogawa Electric Corporation, Siemens AG, ABB Ltd., NGK Insulators, Ltd., are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Aug 2016
Category:  Semiconductor & Electronics
Report ID:   58051
Report Format:   PDF
Pages:   120
Rating:    4.3 (60)
Delivery Time: 24 Hours to 48 Hours   
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