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Gas Sensor Market worth USD 1,336.2 million by 2027 Empty Gas Sensor Market worth USD 1,336.2 million by 2027

周三 五月 31, 2023 2:52 pm
Gas Sensor Market worth USD 1,336.2 million by 2027

The Market Statsville Group (MSG) publishes the new report on the "Gas Sensor Market by Gas Type (Carbon Monoxide, Methane, Hydrogen, Ammonia, Oxygen, and Others), by Technology (Infrared Gas Sensor, Photo Ionization Sensor, Electrochemical Gas Sensor, Thermal Conductivity Gas Sensors, Catalytic Gas Sensors, and Others), by End-User (Defense & Military, Healthcare, Consumer Electronics, Automotive & Transportation, Industrial, and Others), by Region – Global Share and Forecast to 2027". The global market size of the gas sensor was valued at USD 823.1 million in 2020 and estimated to be USD 1,336.2 million by 2027, growing at a CAGR of 6.4% from 2021 to 2027. The governments of different countries have undertaken several initiatives to minimize carbon dioxide emissions and promote efficient emission control worldwide. The growth of the gas sensor market is fostered by such supportive government initiatives as these systems ensure suitable emission control by promoting air quality monitoring and reducing air pollution caused by vehicles, industries, and other manufacturing units. Regions such as the U.S., the UK, China, and India are exhibiting an apparent demand for gas sensors, with mandated regulations imposed by the governments of respective regions.

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Global Gas Sensor Market Segmentation
The overall gas sensor market has been segmented into gas type, technology, end-user, and region.

By Gas Type (Carbon Monoxide, Methane, Hydrogen, Ammonia, Oxygen, and Others)
By Technology (Infrared Gas Sensor, Photo Ionization Sensor, Electrochemical Gas Sensor, Thermal Conductivity Gas Sensors, Catalytic Gas Sensors, and Others)
By End-User (Defense & Military, Healthcare, Consumer Electronics, Automotive & Transportation, Industrial, and Others)
By Region (US, Canada, Mexico, UK, Germany, France, Italy, Spain, China, Japan, India, South Korea, Southeast Asia, Australia, Saudi Arabia, UAE, South Africa, Qatar, Nigeria, Israel, Brazil, Argentina, Peru)
Electrochemical gas sensor, by technology, is estimated to hold the largest market share during the forecast period

By technology, the global gas sensor market is analyzed across Infrared gas sensors, Photo Ionization sensors, electromechanical gas sensors, thermal conductivity gas sensors, metal oxide-based gas sensors, catalytic gas sensors, and others. The electrochemical gas sensor segment has generated the highest revenue share of 32.7% in 2020. Electrochemical gas sensor finds application in various end-use industries such as industrial, medical, automotive, and others. It detects and measures the concentration of a wide range of gases such as carbon monoxide and hydrogen sulfide. Further, factors such as the rise in demand for an electrochemical sensor for emission control drive the market for electrochemical gas sensors

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Electrochemical gas sensor finds application in various end-use industries such as industrial, medical, automotive, and others. It detects and measures the concentration of a wide range of gases such as carbon monoxide and hydrogen sulfide. Further, factors such as the rise in demand for an electrochemical sensor for emission control drive the market for electrochemical gas sensors.

The Asia Pacific accounts for the largest market share in the gas sensor market

Based on the regions, the global gas sensor market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. In 2020, Asia Pacific accounted for the highest market share of 46.43% in the global gas sensor market and was anticipated to maintain its dominance throughout the forecast period. The Asia-Pacific region includes China, Japan, India, South Korea, and the Rest of Asia-Pacific. Japan and China are technologically advanced countries, which exhibit high demand for smart gas sensors. Emerging countries, such as India, are expected to drive market growth. However, the other underdeveloped countries are expected to hamper the growth of the Asia-Pacific region.

In the Asia Pacific, China is organizing resources to develop core technologies such as artificial intelligence chips and sensors, which are part of the broader vision to integrate AI into the manufacturing sector. China is the second-largest owner of inventive patents and international scientific papers, with significant voice and image recognition progress. The ministry of China revealed a three-year plan in December to boost the application of AI in various industries. The country is focusing on encouraging the production of sensor technologies by domestic companies that specialize in high-end sensors and AI chips. The presence of companies such as SGX Sensortech, which specializes in air quality sensors, and its application in China, creates lucrative opportunities for gas sensors in the country.

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Leading players in the market consist of companies such as Honeywell Analytics, Sensirion, GASTEC Corporation, Nemoto Gas Sensors, Figaro Engineering Inc, MSA, Alphasense, Membrapor, Amphenol, and Dynament.

About Market Statsville Group

Market Statsville Group (MSG) is a business research and consulting platform of Statsville Consulting Private Limited, based in Oklahoma, USA. MSG is the leading market research and strategy builder with the depth and breadth of solutions that perfectly suit your every need. MSG provides solutions in a wide range of industry verticals in market sizing, analysis, and intelligent business insights. MSG has experienced research analysts who are proficient at digging deep and providing various customizable data that help you make decisions with clarity, confidence, and impact. Furthermore, Market Statsville Group already benefited more than 1,000 companies each year for their revenue planning. It helped them take their disruptions/innovations early to the market by providing them research ahead of the curve.

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