Gas Sensor Market Research Scope And Data Sources Report 2030

Gas Sensor Industry Overview

The global gas sensor market size was valued at USD 2.50 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 8.9% from 2022 to 2030.

The major factor driving the market for gas sensors is the development of miniaturization and wireless capabilities, coupled with the improvement in the communication technologies that enable their integration into various devices and machines to detect toxic gases at a safe distance.

Gas sensors are used to constantly control and monitor gas emissions from various industrial processes, ranging from domestic and industrial. Additionally, the rising demand to control the harmful emissions from critical industries also bodes well for the growth of the market. Advances and innovations in technology are allowing gas sensor manufacturers to develop smart gas sensors. Various companies are also developing drone-based gas leak detection systems to provide better safety for the operators of pipelines across the globe.

Gather more insights about the market drivers, restrains and growth of the Global Gas Sensor Market

U.S. gas sensor market size, by product, 2020 - 2030 (USD Million)

For instance, in April 2021, ABB announced the launch of the HoverGuard, a drone-based gas leak detection system. HoverGuard detects, maps, and quantifies leaks up to 100 meters from natural gas distribution and storage facilities, transmission pipelines, gathering lines, and other potential sources safely, quickly, and reliably. Such technological developments bode well for the growth of the market.

Stringent government regulations to reduce car emissions are expected to drive the demand during the forecast period. Rules and regulations are imposed by government bodies across the world on the emission of gas from cars. In April 2020, the Corporate Average Fuel Economy and greenhouse gas emission standards for passenger cars were emended by the National Highway Traffic Safety Administration and the EPA. Thus, the imposed limitation on gas emissions from vehicles creates demand for gas sensors, as it decreases atmospheric pollution and increases fuel efficiency.

Numerous industries such as chemical, oil & gas, and power utilize gas sensors to detect the presence of various combustible and toxic gases. A huge number of gases such as carbon monoxide, carbon dioxide, hydrocarbons, and ammonia are released into the air by these industries. An excess number of emissions of these gases can adversely affect human health.

Moreover, for power generation, methane is being used widely. Methane is a greenhouse gas that is highly inflammable and forms explosives mixes in the air if the methane leaks are not detected properly. Hence new sensor technologies are being developed, such as substance-specific electrochemical sensors and Non-dispersive Infrared (NDIR) sensors that are used to detect methane and other gases in industries.

The outbreak of COVID-19 is expected to create growth opportunities for the gas sensor industry. The COVID-19 pandemic has affected the additional requirement of oxygen for hospitalized patients. This has propelled various hospitals to efficiently manage oxygen use through oxygen sensors. Oxygen sensors are widely used in hospitals to detect oxygen leaks and assist in protecting patients.

Additionally, manufacturers have also developed sensors to meet the high demand from ventilator manufacturers. For instance, in March 2020, Sensirion developed a new flow sensor, SFM3019, for the market. This development was expected to meet the increasing demand from ventilator manufacturers.

Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

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Market Share Insights

  • March 2021: Robert Bosch GmbH’s Bosch Sensortec announced the launch of the BME688 sensor, which combines humidity, gas, temperature, and barometric pressure sensing with Artificial Intelligence (AI).
  • October 2020: DD-Scientific, a sensor manufacturer, announced the launch of the newest range of high-performance industrial gas sensors that provides the same reliability and robustness as a bigger sensor, in a miniature package.

Key Companies profiled:

Some prominent players in the global gas sensor market include

  • ABB
  • AlphaSense Inc.
  • City Technology Ltd.
  • Dynament
  • Figaro Engineering Inc.
  • Membrapor
  • Nemoto & Co. Ltd.
  • Robert Bosch LLC
  • Siemens
  • GfG Gas Detection UK Ltd.
  • FLIR Systems, Inc

Order a free sample PDF of the Gas Sensor Market Intelligence Study, published by Grand View Research.

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