Global Gas Sensor Market

Gas Sensor Market Size, Share, Growth Analysis, By Product(Oxygen (O2)/Lambda Sensors, Carbon Dioxide (CO2) Sensors, Carbon Monoxide (CO) Sensors, Nitrogen Oxide (NOx) Sensors), By Type(Wireless, and Wired), By Technology(Electrochemical, Semiconductor, Solid State/MOS, Photo-ionization Detector (PID)), By End-use(Medical, Building Automation & Domestic Appliances, Environmental, Petrochemical), By Region - Industry Forecast 2024-2031


Report ID: SQMIG20D2161 | Region: Global | Published Date: March, 2024
Pages: 202 |Tables: 130 |Figures: 77

Gas Sensor Market Insights

Global Gas Sensor Market size was valued USD 2.69 billion in 2022 and is poised to grow from USD 2.95 billion in 2023 to USD 6.09 Billion by 2031, at a CAGR of 9.5% during the forecast period (2023-2031).

The growth of miniaturization and wireless capabilities, coupled with advancements in communication technologies that enable their integration into various equipment and machines to detect dangerous gasses at a safe distance, is the primary factor driving the market. Gas sensors are used to continuously manage and monitor gas emissions from a variety of industrial operations, both home and industrial. Furthermore, increased desire to limit harmful emissions from vital industries bodes well for market growth.

Technological advancements and improvements have enabled gas detector manufacturers to create smart gas sensors. Several businesses are additionally creating drone-based gas leak detection technologies to improve safety for pipeline operators around the world. ABB Ltd., for example, will debut the HoverGuard, a drone-based gas leak monitoring system, in April 2021. HoverGuard securely, rapidly, and reliably detects, maps, and measures leaks up to 100 meters from energy transportation and storage facilities, transportation pipelines, collecting lines, and other possible sources. Such advances in technology augur well for market expansion.

Government regulations for reducing automotive emissions are projected to stimulate demand for gas sensors over the forecast period. Government bodies all around the world establish rules and regulations on petrol emissions from automobiles. As a result, the enforced restriction on vehicle gas emissions promotes demand for gas sensors by reducing atmospheric pollution and increasing fuel efficiency.

Gas sensors are used in a variety of industries, including chemical, oil and gas, and electricity, to detect an environment of combustible and poisonous gasses. These businesses emit a large amount of petrol into the atmosphere, including carbon monoxide, carbon dioxide, hydrocarbons, and ammonia. Excessive emissions of these gasses can have a negative impact on human health. Furthermore, methane is commonly employed for electricity generation. Methane is a greenhouse gas that is highly combustible and can create explosive mixtures in the atmosphere if methane leaks are not adequately identified. As a result, novel sensor technologies, such as substance-specific electrochemical detectors and Non-dispersive Infrared (NDIR) detectors used to detect methane and other gasses in businesses, are being developed.

The advent of the COVID-19 pandemic is likely to generate market growth prospects. The pandemic has impacted the increased oxygen need for hospitalized patients. This has prompted several hospitals to utilize oxygen sensors to efficiently manage oxygen utilization. Oxygen sensors are commonly used in hospitals to detect oxygen leakage and aid in patient safety. Furthermore, manufacturers have created sensors in order to accommodate the growing demand from ventilator makers. This advancement was anticipated to address the growing demand from ventilator makers.

US Gas Sensor Market is poised to grow at a sustainable CAGR for the next forecast year.

Market Snapshot - 2024-2031

Global Market Size

Largest Segment

Wired

Fastest Growth

Wired

Growth Rate

9.5% CAGR

Global Gas Sensor Market 2022-2030 ($ Bn)
Country Share for Asia Pacific Region- 2022 (%)

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Gas Sensor Market Segmental Analysis

The global gas sensor market is segmented based on product, type, technology, end user and region. In terms of product, the market is segmented into oxygen (O2)/lambda sensors, carbon dioxide (CO2) sensors, carbon monoxide (CO) sensors, nitrogen oxide (NOx) sensors, Methyl Mercaptan Sensor, and others (hydrogen, ammonia, hydrogen sulfide). Based on type, the market is segmented into wireless, and wired. With respect to technology, the market is segmented into electrochemical, semiconductor, solid state/MOS, photo-ionization detector (PID), catalytic, infrared (IR), and others. Further categorization of end-use segments include medical, building automation & domestic appliances, environmental, petrochemical, automotive, industrial, agriculture, others. Based on region the global gas sensor market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.

Gas Sensor Market Analysis by Product

The CO2 sensors category led the market, generating over 31.0% of all revenues. Carbon dioxide sensors are primarily used to monitor the air quality in homes, offices, automobiles, healthcare, and other settings. Several companies are working to create MEMS-based carbon dioxide sensors for a variety of applications. TDK Corporation, for example, introduced the TCE-11101 in January 2021, a miniaturized, low-power MEMS gas sensor platform for instant and precise carbon dioxide monitoring in residential, health care, automotive, IoT, and other industries.

The carbon monoxide (CO) sensor market is expected to expand significantly during the forecast period. Carbon monoxide poisoning deaths are boosting the demand for carbon monoxide sensors. Government rules to protect worker safety are propelling the carbon monoxide (CO) sensors market forward. For example, in the United States, poisoning from carbon monoxide has spurred the government to install carbon monoxide detectors in several states. As a result, carbon monoxide detectors are required in school buildings in states such as the state of Connecticut, California, Maryland, the state of Illinois, and Maine.

Gas Sensor Market Analysis by Type

The wired segment led the market, accounting for more than 55.0% of worldwide revenue in 2022. The advantages of wired gas sensors are low maintenance, compact size, low cost, and improved accuracy. Wired sensors constitute the most reliable systems in many scenarios because they directly connect the sensor to the unit receiving the input, making them suited for usage in mines, oil rigs, and nuclear power plants. Furthermore, the increasing use of wired gas detectors in homes is a crucial factor driving market growth.

Global Gas Sensor Market By Type 2022 (%), 2023 (%)

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Gas Sensor Market Regional Insights

Asia Pacific dominated the market, accounting for more than 32.0% of revenue globally in 2022 and is projected to continue dominating during the forecast period. The growing awareness of the impact of air pollutants on human health in Asia Pacific countries such as India and China is increasing demand for gas sensors for air quality monitoring. The region's growing urbanization is also adding to the rising need for gas sensors. Furthermore, governments in the Asia Pacific area are substantially investing in smart city projects, offering significant opportunities for smart sensor devices. Such characteristics bode well for the expansion of the regional market.

Europe is anticipated to increase gradually over the forecast period. Stringent regulations governing petrol emissions, as well as the resulting necessity for emissions monitoring, are projected to fuel regional market expansion. Gas sensor technology must be included in all car OEM offers in Europe due to safety regulations. As pollution regulations become more stringent, the use of gas sensors in the automobile sector to reduce pollution is projected to grow in the future years. Furthermore, various regional market participants are creating sophisticated gas sensors that are driving market growth.

Global Gas Sensor Market By Geography, 2022-2030, 2024-2031
  • Largest
  • Fastest

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Gas Sensor Market Dynamics

Gas Sensor Market Drivers

Increasing Use of Gas Sensors in the Automotive Industry

  • Gas sensors are being increasingly used in the automotive industry to monitor exhaust emissions and improve fuel efficiency, which is driving the demand for gas sensors in this sector.

Gas Sensor Market Restraints

High Cost of Gas Sensors

  • Despite advances in technology, gas sensors can still be expensive, especially when compared to other types of sensors. This can limit their adoption in certain industries and applications, especially in developing countries or for smaller businesses.

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Gas Sensor Market Competitive Landscape

The market is fragmented in nature on account of the presence of multiple players. Market players are growing their market position by various tactics such as mergers and acquisitions, new product launches, and strategic collaborations, among others. Market vendors are also aggressively spending in R&D to improve their product offerings. Because of the benefits associated with wireless devices, market players are primarily providing wireless gas sensors.

Gas Sensor Market Top Player’s Company Profiles

  • Amphenol Corporation
  • City Technology Ltd.
  • Drägerwerk AG & Co. KGaA
  • First Sensor AG
  • Membrapor AG
  • MSA Safety Incorporated
  • Nemoto & Co. Ltd.
  • NGK Insulators Ltd.
  • Robert Bosch GmbH
  • Sensirion AG
  • Siemens AG
  • Teledyne Technologies Incorporated
  • Thermo Fisher Scientific Inc.
  • Trolex Ltd.
  • Yokogawa Electric Corporation
  • Aeroqual Ltd.
  • Cubic Sensor and Instrument Co., Ltd.

Gas Sensor Market Recent Developments

  • In December 2023, CO2 Meter.com, a Florida-based company, launched the CM-900, an industrial gas detector, to measure either carbon dioxide (CO2) or oxygen and provide protection for personnel working in proximity to hazardous gases. The new release of the CM-900 detector boasts an industrially adaptive enclosure suitable for challenging conditions, including harsh and wash-down environments. Additionally, it incorporates audible and visual alarms that promptly notify individuals of unsafe conditions.

     

  • In August 2023, a team of researchers from Southeast University of China announced the development of a cutting-edge ultracompact sensing system that leverages the power of spoof surface plasmon resonance (SSPR) technology to enable adaptive and accurate gas detection using a smartphone. The key innovation of this technology lies in its software-defined scheme, which facilitates real-time tracking of resonance frequency shifts.

     

  • In May 2023, STMicroelectronics unveiled a groundbreaking waterproof MEMS pressure sensor, boasting a decade-long lifespan for industrial IoT growth. Featuring dual full-scale options (1260 hPa and 4060 hPa) and an absolute digital output barometer with ST’s Qvar® detection, this water-resistant sensor ensures high accuracy and environmental robustness. Ideal for applications such as gas and water metering equipment, weather monitoring, air conditioning, and home appliances.

Gas Sensor Key Market Trends

  • Miniaturization of gas sensors: Gas sensors are becoming increasingly miniaturized, with manufacturers developing smaller and more compact sensors that are easier to integrate into devices and systems. This trend is driven by the growing demand for portable and handheld gas sensors, as well as the need for sensors that can be integrated into IoT devices and smart systems.
  • Increased adoption of wireless sensors: Wireless gas sensors are gaining popularity, as they offer greater flexibility and ease of use compared to traditional wired sensors. With wireless sensors, data can be collected and transmitted in real-time, enabling faster response times and more accurate monitoring of gas levels.
  • Growing demand for smart gas sensors: Smart gas sensors are becoming more prevalent, as they offer advanced features such as self-calibration, remote monitoring, and predictive maintenance. These sensors are also able to communicate with other devices and systems, enabling more integrated and intelligent gas monitoring solutions.
  • Shift towards solid-state gas sensors: Solid-state gas sensors are gaining popularity, as they offer improved sensitivity and selectivity, as well as better resistance to environmental factors such as temperature and humidity. These sensors are also more durable and require less maintenance compared to traditional electrochemical sensors.

Gas Sensor Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.

According to our global gas sensor market analysis, we found that the growth of miniaturization and wireless capabilities, coupled with advancements in communication technologies that enable their integration into various equipment and machines to detect dangerous gasses at a safe distance, is the primary factor driving the market. Gas sensors are used to continuously manage and monitor gas emissions from a variety of industrial operations, both home and industrial. Furthermore, increased desire to limit harmful emissions from vital industries bodes well for market growth.

Report Metric Details
Market size value in 2023
Market size value in 2031 USD 6.09 Billion
Growth Rate 9.5%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Product
    • Oxygen (O2)/Lambda Sensors, Carbon Dioxide (CO2) Sensors, Carbon Monoxide (CO) Sensors, Nitrogen Oxide (NOx) Sensors, Methyl Mercaptan Sensor, and Others (Hydrogen, Ammonia, Hydrogen Sulfide)
  • Type
    • Wireless, and Wired
  • Technology
    • Electrochemical, Semiconductor, Solid State/MOS, Photo-ionization Detector (PID), Catalytic, Infrared (IR), and Others
  • End-use
    • Medical, Building Automation & Domestic Appliances, Environmental, Petrochemical, Automotive, Industrial, Agriculture, and Others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Amphenol Corporation
  • City Technology Ltd.
  • Drägerwerk AG & Co. KGaA
  • First Sensor AG
  • Membrapor AG
  • MSA Safety Incorporated
  • Nemoto & Co. Ltd.
  • NGK Insulators Ltd.
  • Robert Bosch GmbH
  • Sensirion AG
  • Siemens AG
  • Teledyne Technologies Incorporated
  • Thermo Fisher Scientific Inc.
  • Trolex Ltd.
  • Yokogawa Electric Corporation
  • Aeroqual Ltd.
  • Cubic Sensor and Instrument Co., Ltd.
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Gas Sensor Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Gas Sensor Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Gas Sensor Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Gas Sensor Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Gas Sensor Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Gas Sensor Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

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FAQs

Gas Sensor Market size was valued USD 2.69 billion in 2022 and is poised to grow from USD 2.95 billion in 2023 to USD 6.09 Billion by 2031, at a CAGR of 9.5% during the forecast period (2023-2031).

The market is fragmented in nature on account of the presence of multiple players. Market players are growing their market position by various tactics such as mergers and acquisitions, new product launches, and strategic collaborations, among others. Market vendors are also aggressively spending in R&D to improve their product offerings. Because of the benefits associated with wireless devices, market players are primarily providing wireless gas sensors. 'Alphasense Ltd.', 'Amphenol Corporation', 'City Technology Ltd.', 'Drägerwerk AG & Co. KGaA', 'Figaro Engineering Inc.', 'First Sensor AG', 'Honeywell International Inc.', 'Membrapor AG', 'MSA Safety Incorporated', 'Nemoto & Co. Ltd.', 'NGK Insulators Ltd.', 'Robert Bosch GmbH', 'Sensirion AG', 'Siemens AG', 'Teledyne Technologies Incorporated', 'Thermo Fisher Scientific Inc.', 'Trolex Ltd.', 'Yokogawa Electric Corporation', 'Aeroqual Ltd.', 'Cubic Sensor and Instrument Co., Ltd.'

Gas sensors are being increasingly used in the automotive industry to monitor exhaust emissions and improve fuel efficiency, which is driving the demand for gas sensors in this sector.

Miniaturization of gas sensors: Gas sensors are becoming increasingly miniaturized, with manufacturers developing smaller and more compact sensors that are easier to integrate into devices and systems. This trend is driven by the growing demand for portable and handheld gas sensors, as well as the need for sensors that can be integrated into IoT devices and smart systems.

Asia Pacific dominated the market, accounting for more than 32.0% of revenue globally in 2022 and is projected to continue dominating during the forecast period. The growing awareness of the impact of air pollutants on human health in Asia Pacific countries such as India and China is increasing demand for gas sensors for air quality monitoring. The region's growing urbanization is also adding to the rising need for gas sensors. Furthermore, governments in the Asia Pacific area are substantially investing in smart city projects, offering significant opportunities for smart sensor devices. Such characteristics bode well for the expansion of the regional market.

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Global Gas Sensor Market

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