According to
a research report "Gas Sensors
Market with COVID-19 Impact Analysis by Gas
Type(Oxygen, Carbon Monoxide, Carbon Dioxide, Nitrogen Oxide, Volatile Organic
Compounds, Hydrocarbons), Technology, Output Type, Product Type, Application,
and Geography - Global Forecast to 2026", published by MarketsandMarkets, the overall
gas sensors market is expected to grow from USD 1.1 billion in 2021 to USD 1.5
billion by 2026; it is expected to grow at a CAGR of 7.0% during 2021–2026. Key
factors fueling this markets growth include high demand for gas sensors in
critical industries, formulation and implementation of various health and
safety regulations globally, increasing integration of gas sensors in HVAC
systems and air quality monitors, increasing air pollution level and need for
air quality monitoring in smart cities, and increased demand for gas sensors in
healthcare industry during COVID-19 pandemic. Deployment of IoT, cloud
computing, and big data with gas sensors, growing adoption of gas sensors in
consumer electronics, and increasing demand for miniaturized wireless gas
sensors create a strong demand for gas sensor for efficient industrial
operations in the midst of COVID-19.
Oxygen gas
sensor is expected to gain a significant share of gas sensor market by 2026
The oxygen gas
sensor is expected to account for the largest share of the gas sensor market by
2026 as oxygen detectors, analyzers, and monitors are widely used in the
automotive industry, smart cities & building automation, food &
beverage industry, and other industrial applications. Medical equipment is
another application area of oxygen sensors as they are used in incubators and
other hypoxic life science products, anesthesia monitors, respirators, and
oxygen concentrators.
Based on
application, Smart cities & building automation to witness the highest CAGR
in Gas sensor market during 2021–2026
The gas sensor
market for the smart cities & building automation application is expected to
grow with the highest CAGR during the forecast period. The rising environmental
pollution levels and increasingly degrading indoor air quality have created a
significant demand for gas sensors for HVAC and air quality monitoring
applications. In smart cities, gas sensors can be used for environmental
monitoring applications to monitor air quality, which includes weather stations
and monitoring of the environment at public places. Major gases that are
monitored include CO, CO2, SO2, NO, NO2, and VOCs. Increasing projects of smart
cities in developing countries are expected to drive the growth of the market.
Gas sensor
market in APAC to grow at the highest CAGR during the forecast period
The gas sensor
market for the smart cities & building automation application is expected
to grow with the highest CAGR during the forecast period. The rising
environmental pollution levels and increasingly degrading indoor air quality
have created a significant demand for gas sensors for HVAC and air quality
monitoring applications. In smart cities, gas sensors can be used for
environmental monitoring applications to monitor air quality, which includes
weather stations and monitoring of the environment at public places. Major
gases that are monitored include CO, CO2, SO2, NO, NO2, and VOCs. Increasing
projects of smart cities in developing countries are expected to drive the
growth of the market.
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Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=245141093
Key players in the
market include Honeywell Analytics (UK), MSA Safety Inc. (US), Amphenol (US),
Figaro Engineering (Japan), Alphasense Ltd.(UK), Sensirion AG (Switzerland),
Dynament Ltd. (UK), ams AG (Austria), MEMBRAPOR AG (Switzerland), and Senseair
AB (Sweden). These players are increasingly undertaking product launches and
developments, acquisitions, partnerships, and expansions, to increase their
market shares.
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