Gas Sensor Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Description

The Global Gas Sensor Market will achieve an 8% CAGR between 2024 and 2032, spurred by increasing industrialization and innovations in sensor technology. As industrial activities grow, the demand for advanced gas detection systems intensifies, ensuring safety and regulatory compliance. Innovations like enhanced sensor accuracy, miniaturization, and improved capabilities lead to more effective gas monitoring and detection. These technological advancements, combined with a burgeoning industrial base, propel the demand for sophisticated gas sensors, driving market growth and adoption across various sectors.

Recently, CO2Meter launched the Gaslab Industrial Fixed Gas Detectors, a new safety series boasting up to 128 sensors. These sensors are designed to monitor diverse gas types and concentrations across multiple industries. The integration of up to 128 sensors in a single system highlights a trend toward comprehensive and scalable solutions, emphasizing the industry's push for heightened safety and precision in gas monitoring. This launch underscores the evolving market trends and benchmarks in industrial gas detection technology.

The gas sensor industry is segmented based on product, technology, connectivity, application, and region.

The carbon monoxide sensors segment is poised to secure a significant market share during 2024-2032. This is attributed to the universal need for monitoring carbon monoxide, an odorless yet highly toxic gas. Heightened regulatory mandates and safety standards across residential, commercial, and industrial domains amplify the demand for dependable carbon monoxide detection. Furthermore, growing awareness of carbon monoxide poisoning and the surge in smart home systems equipped with gas sensors bolster this segment's market dominance.

By 2032, the petrochemical application segment is set to achieve notable growth, driven by the imperative for constant hazardous gas monitoring in petrochemical facilities. Given the heightened risk of gas leaks and explosions, these environments mandate advanced gas sensors for safety and regulatory adherence. The ongoing expansion of the petrochemical sector, alongside stringent environmental and safety mandates, further cements the segment's prominence in the market.

Asia Pacific gas sensor market is expected to maintain a moderate share by 2032. This is due to swift industrialization, urban growth, and rising regulatory benchmarks in the region. The demand for advanced gas detection solutions is surging in sectors like manufacturing, automotive, and residential. Moreover, significant investments in infrastructure and smart city projects amplify the need for gas sensors. With its robust industrial activities and tech advancements, Asia Pacific stands as a pivotal player in Global gas sensor landscape.

Product Code: 123

Chapter 1 Methodology and Scope

1.1 Market scope and definition
1.2 Base estimates and calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Industry 360º synopsis, 2021 - 2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Vendor matrix
3.3 Profit margin analysis
3.4 Technology and innovation landscape
3.5 Patent analysis
3.6 Key news and initiatives
3.7 Regulatory landscape
3.8 Impact forces
- 3.8.1 Growth drivers
  - 3.8.1.1 Growing sensor integration in the end-use industry
  - 3.8.1.2 Rising demand for autonomous vehicles
  - 3.8.1.3 Increasing demand for air quality monitoring devices in smart cities
  - 3.8.1.4 Rapid IoT and cloud computing integration
  - 3.8.1.5 Increasing government initiatives and regulations
- 3.8.2 Industry pitfalls and challenges
  - 3.8.2.1 High initial cost and technical issues
  - 3.8.2.2 Environmental interference
3.9 Growth potential analysis
3.10 Porter's analysis
- 3.10.1 Supplier power
- 3.10.2 Buyer power
- 3.10.3 Threat of new entrants
- 3.10.4 Threat of substitutes
- 3.10.5 Industry rivalry
3.11 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix

Chapter 5 Market Estimates and Forecast, By Product, 2021 - 2032 (USD Million and Thousand Units)

5.1 Key trends
5.2 Oxygen /lambda sensors
5.3 Carbon dioxide sensors
5.4 Carbon monoxide sensors
5.5 NOx sensors
5.6 Others

Chapter 6 Market Estimates and Forecast, By Technology, 2021 - 2032 (USD Million and Thousand Units)

6.1 Key trends
6.2 Electrochemical
6.3 Semiconductor
6.4 Solid State
6.5 PID (photoionization detection)
6.6 Catalytic
6.7 Infrared
- 6.7.1 Thermal
- 6.7.2 Quantum
6.8 Others

Chapter 7 Market Estimates and Forecast, By Connectivity, 2021 - 2032 (USD Million and Thousand Units)

7.1 Key trends
7.2 Wired
7.3 Wireless

Chapter 8 Market Estimates and Forecast, By Application, 2021 - 2032 (USD Million and Thousand Units)

8.1 Key trends
8.2 Consumer electronics
8.3 Medical
8.4 Environmental
8.5 Petrochemical
8.6 Automotive
8.7 Industrial
8.8 Other

Chapter 9 Market Estimates and Forecast, By Region, 2021 - 2032 (USD Million and Thousand Units)

9.1 Key trends
9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
9.3 Europe
- 9.3.1 UK
- 9.3.2 Germany
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Spain
- 9.3.6 Rest of Europe
9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 South Korea
- 9.4.5 ANZ
- 9.4.6 Rest of Asia Pacific
9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Rest of Latin America
9.6 MEA
- 9.6.1 UAE
- 9.6.2 South Africa
- 9.6.3 Saudi Arabia
- 9.6.4 Rest of MEA

Chapter 10 Company Profiles

10.1 ABB
10.2 Aeroqual
10.3 Alphasense (AMETEK)
10.4 Amphenol Corporation
10.5 ams Osram AG
10.6 BlueSens gas sensor GmbH
10.7 Bosch Sensortec GmbH
10.8 Dynament Ltd.
10.9 Emerson Electric Co.
10.10 Figaro Engineering Inc.
10.11 Gastec Corporation
10.12 Honeywell International Inc.
10.13 Membrapor AG
10.14 METTLER TOLEDO
10.15 Microsens SA
10.16 Nemoto and Co., Ltd.
10.17 SENSEAIR
10.18 Sensirion AG
10.19 Siemens AG
10.20 Spec Sensors