The report "Gas Sensor Market by Gas Type (Oxygen, Carbon Monoxide, Carbon Dioxide, Nitrogen Oxide, Volatile Organic Compounds, Hydrocarbons), Technology, Output Type, Product Type, Application and Region - Global Forecast to 2027" The gas sensor market is projected to grow from USD 1.4 Billion in 2022 to USD 2.1 Billion by 2027; it is expected to grow at a CAGR of 8.9% during the forecast period. The growth of the market is attributed to the growing air pollution levels and need for air quality monitoring in smart cities and growing adoption of gas sensors in consumer electronics. During the forecast period, increasing integration of gas sensors in HVAC systems and air quality monitors is expected to create growth opportunities for the market.
Gas Detector product type to account for larger
share of gas sensor market in 2022
Gas detector accounted for a larger share of the gas
sensor market in 2021 and it is expected to remain dominant throughout the
forecast period. The major application areas of these gas detectors are in the
automotive, metal & chemical, oil & gas, food & beverage, mining,
medical, and power station industries. Further, the surging adoption of gas
detection products and growing product & development strategies from major
market players are driving the market growth. For instance, in 2021, Honeywell
launched two new Bluetooth-connected gas detectors that can deliver continuous
monitoring for dangerous gases even in fog, rain, snow, and other inclement
weather conditions, helping facilities keep their oil and gas, petrochemical,
chemical, and other workers and industrial sites safe.
Smart cities & building automation application
to lead gas sensor market in 2022
Industrial automation to hold high opportunities for
gas sensor market compared to other applications in 2022 and 2027. In smart
cities, gas sensors can be used for various environmental monitoring
applications for monitoring 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. Earlier, gas detectors were used to
detect a single gas; however, modern units detect several toxic or combustible
gases or even a combination of both. The HVAC system is used for building
applications to monitor and regulate environmental conditions in all types of
buildings. Ventilation units are used to control the concentrations of gaseous
compositions of indoor air, which is based on measurements carried out using
gas sensors. The most common gas sensors used in HVAC systems are CO2, NOx, CO,
O2, and VOC. The rising environmental pollution levels and increasingly
degrading indoor air quality have created a significant demand for gas sensors
for HVAC applications.
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Market in Asia Pacific to hold significant
opportunities for the market during forecast period
Asia Pacific is the leading market for gas sensors
in the automotive, infrastructure, consumer electronics, and pharmaceutical
industries, with the major demand from China, India, and Japan. The countries
of Asia Pacific are witnessing increased demand for gas sensors, and this
demand is expected to grow at a significant rate during the forecast period as
well. Moreover, the rise in the number of smart city projects in countries such
as India and China is also leading to increased demand for gas sensors from
these countries. Gas sensors are used in several industries such as automotive,
oil & gas, chemical, consumer electronics, etc. the region. Among all
these, the adoption of gas sensors is projected to be the highest in the
consumer electronics industry. According to GSMA (Groupe Speciale Mobile
Association) Intelligence, Asia Pacific has the largest number of smartphone
users in the world, and advancements in gas sensing technology are expected to
lead to the integration of gas sensors with smartphones, smart bands, and
tablets. This, in turn, is expected to fuel the growth of the gas sensors market
in the region.
Major vendors in the gas sensor market include
Honeywell Analytics (UK), Amphenol (US), Figaro Engineering (Japan), Alphasense
Ltd. (UK), Sensirion AG (Switzerland), Dynament Ltd. (UK), ams AG (Austria),
MEMBRAPOR AG (Switzerland), and Senseair AB (Sweden), among others.
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