The major companies in the gas sensors market are - Honeywell Analytics (UK), MSA (US),
Amphenol (US), Figaro (Japan), Alphasense (UK), ams AG (Austria), MEMBRAPOR AG
(Switzerland). The major strategies adopted by these players are product
launches and partnerships.
Which is the
potential market for gas sensor in terms of region?
By region, Asia Pacific (APAC) is projected to
account for the largest share of the gas sensors market during the forecast
period. The APAC gas sensors market is mainly dominated by China and Japan. The
market growth in this region can be attributed to the increased use of gas
sensors in automotive & transportation, smart cities & building
automation, power stations, oil & gas, and chemical applications.
What are the
opportunities for new market entrants?
Major opportunities for the new entrants in
the gas sensor market lies in the networking of gas sensors through IoT, Big
Data, and Cloud Computing; adoption in consumer electronics devices, and
involvment of public and private organizations.
What are the
factors driving the growth of gas sensors market?
The formulation and implementation of various
health and safety regulations across the globe, increased adoption of gas
sensors in HVAC systems and air quality monitors, rise in demand for gas
sensors from critical industries, increased air pollution levels, and the need
to monitor air quality in smart cities are the major factors driving the growth
of the gas sensors market.
Which
applications are expected to drive the growth of the market in the next 5
years?
By application, the smart cities &
building automation segment is projected to lead the gas sensors market. Rising
environmental pollution levels and an increasingly degrading indoor air quality
have created a significant demand for gas sensors in HVAC and air quality
monitoring systems. "
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