Global Gas Sensors Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

MarketResearch.biz delivers in-depth insights on the global gas sensors market in its upcoming report titled, “Global Gas Sensors Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global gas sensors market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global gas sensors market report has been segmented on the basis of product, technology, end-use industry, and region.

Gas sensors are used for monitoring poisonous gases to avoid accidents. Gas detection is important for controlling industrial and vehicle emissions household security and environmental monitoring. Toxic gases including carbon monoxide, hydrogen sulphide, chlorine, bromine, hydrogen chloride, hydrogen fluoride, nitric oxide, nitrogen dioxide, sulphur dioxide can also be detected.

Rapid urbanization and technological advancements in safety system devices such as gas sensors to detect and determine the composition of various gases are major factors driving growth of the global gas sensor market. In addition, increasing demand form hospitals and automobile sector and advantages of gas sensors to monitor, alert and rapid detection of toxic gases in order to avoid accidents, and increasing demand from petrochemical sector are other factors expected to boost growth of the global gas sensors market. Moreover, in order to detect any leakage and avoid accidents from LPG, demand from household sector is increasing, which is expected to further support growth of the global gas sensors market.

However, high cost of sensors and technical issues related to sensitivity of the sensors are some factors restraining growth of the global gas sensors market top certain extent.

Technological advancements and increasing R&D activities by manufacturers is expected to create new opportunities in terms of revenue to players operating in the global gas sensors market over the forecast period.

North America market is expected to dominate in the global gas sensors market with higher revenue share as compared to that of the other regional markets, and is expected to continue its dominance during the forecast period. This can be attributed to increasing demand from various end-use industries such as chemical, automobile, petrochemical, etc. and presence of prominent players operating in countries in this region. Europe market is estimated to account for second-largest revenue share in the global gas sensors market followed by markets in Asia Pacific, Latin America and Middle East & Africa respectively. The market in Asia Pacific is projected to register fastest growth in terms of revenue, owing to increasing government initiatives towards smart cities and increasing demand from household sector in emerging economies in this region.

Global Gas Sensors Market Segmentation:

By Product:

• Oxygen/Lambda Sensors
• Carbon Dioxide Sensors
• Carbon Monoxide Sensors
• NOx Sensors
• Others

By Technology:

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

By End-use Industry:

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

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa