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Gas Sensor Market Size Is Anticipated To Grow At A CAGR Of 5.1% From 2012-2020| Million Insights

Gas Sensor Market Size Is Anticipated To Grow At A CAGR Of 5.1% From 2012-2020| Million Insights

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According to new report available with Million Insights, Innovations, modern technologies, embedded electronics and enhanced manufacturing procedures are likely to drive the gas sensors market. The growing industrialization worldwide releases the toxic fumes into the surroundings and atmosphere endangering the nearby life, boosting the demand for gas sensors to monitor these toxic elements in the air.

Industry Insights

The gas sensor market size by sales was valued at $1.78 billion in 2013 and is anticipated to grow at a CAGR of 5.1% over the forecast period. Innovations, modern technologies, embedded electronics and enhanced manufacturing procedures are likely to drive the gas sensors market. For instance, as per the vehicle emission standard, the permissible amount of specific air pollutants that released by engines to the atmosphere is predetermined, and sensors such as NOx and CO detectors makes it possible to monitor and keep the level of pollutants as per norms, thus increasing the global revenue growth. Furthermore, cabin air quality can be checked by the amount of oxygen present in the room or in transportation mediums by deploying oxygen sensors. Moreover, the growing industrialization worldwide releases the toxic fumes into the surroundings and atmosphere endangering the nearby life, boosting the demand for gas sensors to monitor these toxic elements in the air. Other key drivers fueling the demand are increasing adoption of these systems to ensure safety & health, smart sensors and wireless technologies.

Full Research Report On Global Gas Sensor Market Analysis available at: https://www.millioninsights.com/industry-reports/gas-sensor-market

Product Insights

Oxygen sensors is a dominating segment of the market with 10% of the total revenue in 2013 and are anticipating a further growth over the period. CO2 sensing systems have been witnessing increasing demand from the food processing sector to detect spoilage and level of carbon dioxide in controlled packages and storage. The higher cost of carbon dioxide sensing systems may hamper the market growth of the segment.

Carbon monoxide sensors detect & monitor the concentration of the gas. Carbon monoxide is a toxic gas which is harmful to life above 35ppm concentration level. It is formed as a result of partial oxidation of carbon-containing materials and is detrimental to humans in high concentrations.

Technology Insights

Proportional-integral-derivative based devices are mostly useful in sensing ammonia, hydrogen sulfide, Volatile Organic Compounds (VOCs), etc. Thus, they are suitable for applications like monitoring and controlling a leak and decontamination in confined spaces and closed rooms. Catalytic sensors are used for detection of combustible smoke; these are flexible, easy to install & calibrate, and can be employed to control emissions from various sources. Detectors based on the catalyst technology can function over a wide range of temperature and represents a large number of systems used and manufactured today.

Solid state systems can be used in harsh conditions like corrosive environment, high temperature and are robust in nature. The products based on thermal conductivity primarily used in gas chromatography.

End-Use Insights

Gas detectors are required in the commercial as well as residential space for avoiding oxygen deficiency and controlling hazardous emissions. It is used in sectors like real estate, medical, automation, environmental, domestic appliances, automotive and petrochemical. Ecological applications credited over 12% of the total revenue in 2013. The industrial sector is anticipated to dominate the global market during the forecast period.

Regional Insights

The Asia Pacific region dominated the gas detectors market in 2013 and credited over 25% of global sales revenue, owing to economic and technological development. Increasing demand for cohesive systems in handheld devices has also encouraged growth activities in the region. Moreover, government regulations such as the Wealth & Welfare, Industrial Safety Act are projected to drive local demand.

Energy conservation initiatives and emission control standards are predicted to favor the demand of the gas sensing system market in Europe.

Competitive Insights

Key industries in the gas detectors market include City Technology Ltd., Alphasense, Dynament Ltd, Figaro Engineering, AG, and Membrapor. Innovation and technological development are the primary strategies adopted by manufacturers. City Technology highly invests in research & development, state-of-art equipment, automation and focus largely on developing innovations.

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Market Segment:

Gas Sensors Product Outlook (Revenue, USD Million, 2012 – 2020)
• Oxygen/Lambda Sensors
• Carbon Dioxide Sensors
• Carbon Monoxide Sensors
• NOx Sensors
• Others

Gas Sensors Technology Outlook (Revenue, USD Million, 2012 – 2020)
• Electrochemical
• Semiconductor
• Solid State/MOS
• PID
• Catalytic
• Infrared (IR)
• Others

Gas Sensors End-Use Industry Outlook (Revenue, USD Million, 2012 – 2020)
• Medical
• Building Automation & Domestic Appliances
• Environmental
• Petrochemical
• Automotive
• Industrial
• Others

Gas Sensors Regional Outlook (Revenue, USD Million, 2012 – 2020)
• North America
• Europe
• Asia Pacific
• RoW

Related Reports of This Category Available at Million Insights: https://www.millioninsights.com/industry/technology

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