The Global Gas Sensors Market was valued at 999.36 million in 2019 and is projected to reach USD1642.46 million by 2027, growing at a CAGR of 6.91% from 2020 to 2027.
Gas Sensor is a device that detects the presence of gases in an area. Gas Sensor is used to detect combustible, flammable and toxic gases, oxygen depletion and can interface with a control system so a process can be automatically shut down. There are several benefits of Gas Sensor including – excellent repeatability and accuracy, does not get poisoned by other gases, less expensive, high performance, reliable, and small/low profile.
1. Market Drivers
1.1 Growing adoption of gas sensors in consumer electronics application
1.2 Increasing safety regulations by government
1.3 Rising demand for IoT applications
1.4 Improved awareness of air quality control among use
1.5 Increasing adoption of MEMs-based sensors
2. Market Restraints
2.1 Costly implementation
2.2 Issues related to sensitivity, energy consumption, and stability
The Global Gas Sensors Market is segmented on the technology, gas type, vertical, and region.
1.6 Photoionization Detectors
1.7 Solid State/Metal Oxide Semiconductor
2. By Gas Type:
2.7 Carbon Monoxide
2.8 Carbon Dioxide
2.9 Hydrogen Sulfide
2.10 Nitrogen Oxides
2.11 Volatile Organic Compounds
3. By Vertical:
3.1 Power Stations
3.2 Environmental Monitoring
3.3 Automotive & Transportation
3.4 Food & Beverages
3.6 Water & Wastewater Treatment
3.8 Oil & Gas
3.9 Metals & Chemicals
3.10 Consumer Electronics
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
The major players in the market are as follows:
1. Figaro Engineering Inc.
2. AMS AG
4. City Technology Ltd
5. Amphenol Corporation.
7. Sensirion AG.
8. Membrapor AG.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Global Gas Sensors Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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