Analysis from GMI Research finds that the Gas Sensors Market earned revenues of USD 1.6 billion in 2021 and estimated to touch USD 3.1 billion in 2029 will grow at a CAGR of 8.5%.

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Market Dynamic

Key Drivers and Emerging Trends

The factors driving the global gas sensors market include increasing demand for gas sensors in the end-user industries such as pharmaceuticals, chemical, mining, healthcare, oil & gas, and power for detecting and monitoring the presence of combustible and toxic gases. These sensors are used to detect various gases such as carbon dioxide, carbon monoxide, oxygen, hydrogen sulfide, ammonia, and hydrocarbons released into the air by these critical industries. Excessive emissions of these harmful gases in the air harm human health. Rising demand for preventing gas hazardous events and detecting harmful gases in the environment around the globe has propelled the market growth.

Also, the rising demand for oxygen gas during the COVID-19 pandemic to provide oxygen to the infected patients worldwide has propelled the gas sensors market growth. For instance, gas sensors are widely used in the oxygen concentrator plant to avoid leakages and facilitate safe oxygen forming. Several leading players in developing countries plan to install new oxygen plants to meet the global oxygen gas demand requirements for the COVID-19 infected patients. For instance, in 2021, the Defence Research and Development Organisation (DRDO) of India has planned to set up 500 medical oxygen plants to save thousands of Covid-19 patients in India. Also, in 2021, Uttar Pradesh Chief Minister has inaugurated the state’s largest oxygen production plant in Modinagar, Ghaziabad, to save patients from the Covid-19 pandemic, which the oxygen demand. Thus, it created a massive demand for gas detection sensors at medical oxygen production plants in India and worldwide.

Restraint in the Gas Sensors Market

However, increasing intense competition due to the surge in shipments of these sensors in the developing countries and the threat of the decline in average selling price due to a large number of suppliers and distributors around the globe may hamper the global gas sensors market.

Restraint in the Gas Sensors Market

However, increasing intense competition due to surge in shipments of these sensors in the developing countries and the declining in average selling price due to large number of suppliers and distributors around the globe may hamper the global gas sensors market.

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Gas Type – Segment Analysis

Based on the gas type, oxygen is expected to grow at the fastest rate in the global gas sensors market during the forecast period due to its wide usage across medical, food & beverages, automotive & transportation, industrial, and many others across the globe. In the medical industry, oxygen demand has been increased astoundingly due to the COVID-19 pandemic and oxygen sensors used in incubators and other hypoxic life science products such as respirators, anesthesia monitors, and oxygen concentrators.

Technology – Segment Analysis

Based on the technology, electrochemical projected to capture the largest market share over the forecast period in the global gas sensors market due to the rising demand for detecting toxic gases in several manufacturing and other industries including automotive, oil & gas for safety of the environment and industry. Electromechanical sensors detect the presence of toxic gases such as Cl2, H2S, SO2, and variation of oxygen in the air.

End-User – Segment Analysis

Based on the end-user, automotive & transportation is expected to capture the largest market share in the global gas sensors market in upcoming years due to the rise in the strict government rules and regulations to reduce greenhouse gas emissions from the automotive. The government is implementing various strict norms to avoid environmental pollution, which has propelled the demand for the gas sensors market globally.

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Regional – Segment Analysis:

Based on the region, the Asia-Pacific region is growing at the highest CAGR during the forecast period due to rising demand for reducing environmental pollution, strict rules and regulations implemented in the automotive & transportation industry by government. Also, rising demand for the consumer electronics and surge in the production facility of smart devices due to growing population demand have propelled the gas sensor market growth in this region. For instance, according to the Invest India Organization, the domestic consumer electronics industry was valued at USD 120 Billion in India and is projected to reach USD 400 Billion by 2025. It created massive demand for the gas sensors market used at the manufacturing facility of the consumer goods in India. Also, the gas sensor is widely used in the medical, automotive, pharmaceutical, and semiconductor industries to provide safety against the gas leakages at pneumatic plants.

Top Market Players

Various notable players operating in the market, include, ABB Ltd, Dynament, AlphaSense Inc., Figaro Engineering Inc., City Technology Ltd., Membrapor, Nemoto & Co. Ltd., Siemens, FLIR Systems, Inc., Robert Bosch LLC, GfG Gas Detection UK Ltd, and among others. 

Key Developments:

• • In 2019, NevadaNano launched Molecular Property Spectrometer Smart Gas Sensors designed to detect better LGW refrigerant, methane and flammable gases use across several industries.
  • In 2020, CO2Meter Florida-based gas detection and safety monitoring instruments manufacturing company launched CM-7000 a new multi-sensor system. The new system can monitor up to twelve sensors from an eight-inch touchscreen control panel in food and beverage industries such as restaurants, breweries, agriculture facilities, and other industries.
  • In 2020, Gas Sensing Solutions, one of the leading developers of solid-state gas sensors has launched a new CozIR-LP3 ultra-low-power CO₂ sensor based on GSS proprietary solid-state non-dispersive infra-red (NDIR) LED technology.

Segments covered in the Report:

The global gas sensors market has been segmented based on gas type, technology, sensor type, end-user and key regions. The market is segmented into carbon monoxide, oxygen, carbon dioxide hydrocarbons, nitrogen oxide, and volatile organic compounds based on gas type. The market is segmented into electrochemical, photoionization detectors, solid-state/metal oxide semiconductor, catalytic, infrared, laser, and others based on technology. Based on sensor type, the market is segmented into wired and wireless. Based on end-user, the market is segmented into aerospace & defence, medical, automotive & transportation, industrial safety, oil & gas, consumer electronics, environmental monitoring, and others. 

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Key questions answered in this research report:

• • At what pace is global Gas Sensors market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Gas Sensors market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Gas Sensors market?
  • Which gas type generated maximum revenues in 2021 and identifies the most promising Gas Type during the forecast period?
  • What are the various technology used for global Gas Sensors market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Revenues (2021)	USD 1.6 billion
Market Base Year	2021
Market Forecast Period	2022-2029
Base Year & Forecast Units	Revenues (USD Billion)
Market Segment	By Gas Type, By Technology, By Sensor Type, By End-User, and By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	ABB Ltd, Dynament, AlphaSense Inc., Figaro Engineering Inc., City Technology Ltd., Membrapor, Nemoto & Co. Ltd., Siemens, FLIR Systems, Inc., Robert Bosch LLC, GfG Gas Detection UK Ltd  and among others; a total of 11 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Gas Sensors Market by Gas Type

• • Carbon Monoxide
  • Oxygen
  • Carbon Dioxide
  • Hydrocarbons
  • Nitrogen Oxide,
  • Volatile Organic Compounds

Global Gas Sensors Market by Technology

• • Electrochemical
  • Photoionization Detectors
  • Solid State/Metal Oxide Semiconductor
  • Catalytic
  • Infrared
  • Laser
  • Others

Global Gas Sensors Market by Sensor Type

• • Wired
  • Wireless

Global Gas Sensors Market by End-User

• • Aerospace & Defence
  • Medical
  • Automotive & Transportation
  • Industrial Safety
  • Oil & Gas
  • Consumer Electronics
  • Environmental Monitoring
  • Others

Global Gas Sensors Market by Region

• • North America Gas Sensors Market (Option 1: As a part of the free 25% customization)
    • By Gas Type
    • By Technology
    • By Sensor Type
    • By End-User
    • US Market All-Up
    • Canada Market All-Up
  • Europe Gas Sensors Market (Option 2: As a part of the free 25% customization)
    • By Gas Type
    • By Technology
    • By Sensor Type
    • By End-User
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Gas Sensors Market (Option 3: As a part of the free 25% customization)
    • By Gas Type
    • By Technology
    • By Sensor Type
    • By End-User
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Gas Sensors Market (Option 4: As a part of the free 25% customization)
    • By Gas Type
    • By Technology
    • By Sensor Type
    • By End-User
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Gas Sensors (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • ABB Ltd
  • Dynament
  • AlphaSense Inc.
  • Figaro Engineering Inc.
  • City Technology Ltd.
  • Membrapor
  • Nemoto & Co. Ltd.
  • Siemens
  • FLIR Systems, Inc.
  • Robert Bosch LLC
  • GfG Gas Detection UK Ltd.