Gas Sensors Market Size Share Industry Growth & Forecast 2029

Gas Sensors Market was calculated USD 1.6 billion in 2021 and expected to reach USD 3.1 billion in 2029, growing at a CAGR of 8.5%

The factors driving the growth of Gas Sensors Market includes increasing application of gas sensors in end-user industries such as Pharmaceuticals, Mining and Healthcare, rise in the production of oxygen, growing awareness amongst consumers about air quality monitoring and regulations imposed by Governments to prevent the emission of harmful gases into the air. Moreover, rise in the number of smart cities around the world, networking of gas sensors using advanced technologies, Internet of Things (IoT), Cloud Computing and Artificial Intelligence (AI), degrading air quality and growing demand for miniaturized wireless gas sensors, are some of the additional factors supplementing the Gas Sensors Market size. In addition, the increasing investments by leading players on research and development, rising application of gas sensors in consumer electronic devices, rapid urbanization, and growing population growth rates, are further contributing towards the market growth.

However, growth of the Gas Sensors Market is hindered attributed to intense competition resulting to fall in the price of gas sensors.

Request a free sample of this report

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

Based on Gas Type, the Oxygen segment is predicted to hold the highest market share during the forecast period

Increasing application of oxygen across end-use industries such as medical, food & beverages and automotive & transportation, is propelling growth of the segment.

Based on Technology, the Electrochemical segment is projected to lead the market over the forecast period

Increasing use of electrochemical technology in automotive and oil & gas industries for detecting toxic gases, is pushing growth of the segment.

Based on Region, the Asia-Pacific region is anticipated to capture the largest market share during the forecast period

Strict regulations imposed by Governments for reducing greenhouse gas emissions, growing adoption of advanced technologies by manufacturers, rise in the number of smart city projects across India, China and Indonesia and high population growth rates, are some of the important factors augmenting the market growth in Asia-Pacific region.

Key Developments

  • In 2019, NevadaNano introduced Molecular Property Spectrometer Smart Gas Sensors, which is designed to detect better LGW refrigerant, methane and flammable gases use across several industries.

  • In 2020, CO2Meter Florida-based gas detection in partnership with safety monitoring instruments manufacturing company introduced CM-7000 a new multi-sensor system. The new system can monitor up to 12 sensors from an eight-inch touchscreen control panel in food and beverage industries such as restaurants, breweries and agriculture facilities.

  • In 2020, Gas Sensing Solutions, one of the leading developers of solid-state gas sensors has introduced a new CozIR-LP3 ultra-low-power CO₂ sensor based on GSS proprietary solid-state non-dispersive infra-red (NDIR) LED technology.

Market Segmentation

Segmentation by Gas Type

  • Carbon Monoxide

  • Oxygen

  • Carbon Dioxide

  • Hydrocarbons

  • Nitrogen Oxide,

  • Volatile Organic Compounds

Segmentation by Technology

  • Electrochemical

  • Photoionization Detectors

  • Solid State/Metal Oxide Semiconductor

  • Catalytic

  • Infrared

  • Laser

  • Others

Segmentation by Sensor Type

  • Wired

  • Wireless

Segmentation by End-User

  • Aerospace & Defence

  • Medical

  • Automotive & Transportation

  • Industrial Safety

  • Oil & Gas

  • Consumer Electronics

  • Environmental Monitoring

  • Others

Segmentation by Region

  • Asia Pacific

    • China

    • Japan

    • India

    • Rest of APAC

  • North America

    • United States of America

    • Canada

  • Europe

    • United Kingdom

    • Germany

    • France

    • Spain

    • Rest of Europe

  • RoW

    • Brazil

    • South Africa

    • Saudi Arabia

    • UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

Media Contact

Company Name: GMI RESEARCH

Contact Person: Sarah Nash

Email: enquiry@gmiresearch.com

Phone: Europe – +353 1 442 8820; US – +1 860 881 2270

Address: Dublin, Ireland

Website: https://www.gmiresearch.com/