Gas Sensor Market Top Companies Analysis and Development Strategies, 2025

Felton, Calif., USA, Sept. 21, 2020 — /EPR Network/ —  The global Gas Sensor Market research report provides complete insights on industry scope, global trends, regional estimates, key application, competitive landscape and financial performance of prominent players. It also offers ready, data-driven answers to several industry-level questions. This study enables numerous opportunities for the market players to invest in research and development.

Market Overview:

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. 

Key Players:

• Alphasense
• City Technology Ltd.
• Dynament Ltd.
• Figaro Engineering
• Membrapor AG
• Nemoto & Co. Ltd 

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Growth Drivers: 

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.

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.

Product Outlook:

• Oxygen/Lambda Sensors
• Carbon Dioxide Sensors
• Carbon Monoxide Sensors
• NOx Sensors
• Methyl Mercaptan Sensor

Technology Outlook:

• Electrochemical
• Semiconductor
• Solid State/MOS
• PID
• Catalytic
• Infrared (IR)

End-use Outlook:

• Medical
• Building Automation & Domestic Appliances
• Environmental
• Petrochemical
• Automotive
• Industrial
• Agriculture 

Regional Insights: 

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.

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