Global Gas Sensors Market Report (2022 to 2027) – Pervasiveness of Internet of Things, Cloud Computing, and Big Data in Gas Sensors Offers Opportunities – ResearchAndMarkets.com | Business

Dublin – (BUSINESS WIRE) – October 17, 2022 –

The Global Gas Sensor Market by Gas Type (Oxygen, Carbon Monoxide, Carbon Dioxide, Nitrogen Oxide, VOCs, Hydrocarbons), Technology, Output Type, Product Type, Application, and Region – Forecast to 2027 Report added to ResearchAndMarkets.comShow.

Gas Sensors Market is expected to grow from US$1.4 billion in 2022 to US$2.1 billion by 2027; It is expected to grow at a compound annual growth rate of 8.9% during the forecast period.

Increasing demand for wireless miniature gas sensors will drive growth opportunities for gas sensor market. Increased integration of gas sensors into HVAC systems and air quality monitoring devices will promote the adoption of gas sensors. Severe pricing pressures resulting in lower average selling prices and the complexities involved during the development of industry-specific gas sensors will constrain market growth.

The solid/metal oxide semiconductor technology market will grow at a higher CAGR during the forecast period

Metal-oxide semiconductors provide sensors with several advantages, such as low cost and high sensitivity. MOS technology is widely used in the healthcare sector. MOS sensors are also used to detect gases such as hydrocarbons and carbon monoxide in the environment.

Moreover, increasing product development by major market players is leading to market growth. For example, SGX SENSORTECH (Switzerland) has patented MOS technology that uses the latest MEMS (Microelectromechanical Systems) technology, which combines a specialized nanoparticle sensing layer with a patented polysilicon heater.

The VOC technology market is growing at the highest CAGR during the forecast period

The VOC sensor directly measures ambient concentrations of a wide range of “reducing gases” associated with poor air quality such as alcohols, aldehydes, ketones, organic acids, amines, organochloramines, aliphatic and aromatic hydrocarbons. VOCs are commonly found in the manufacture of dyes, plastics, detergents, solvents, paints, synthetic rubber, and pharmaceuticals. VOC sensors are used to monitor indoor air quality and urban air quality. Figaro Engineering (Japan) and Alphasense Ltd. (UK), Sensirion AG (Switzerland), ams AG (Austria) and Senseair AB (Sweden) are major players providing VOC sensors.

Asia-Pacific to create the highest growth opportunities for the Gas Sensors market among other regions during the forecast period

Asia Pacific countries are seeing an increase in demand for gas sensors and this demand is expected to grow at a significant rate during the forecast period as well. Moreover, the rise in the number of smart city projects in countries like India and China is also increasing the demand for gas sensors from these countries. Gas sensors are used in many industries such as automotive, oil and gas, chemical, consumer electronics, etc. in the region.

Of all these, the use of gas sensors is expected to be the highest in the consumer electronics industry. Increasing urbanization, income levels, and ongoing construction activities to develop residential and commercial infrastructure in Asia Pacific are expected to lead to the demand for HVAC systems equipped with gas sensors in the region, driving the growth of the gas sensor market in the region.

market dynamics

drivers

  • Increasing demand for gas sensors in critical industries
  • Drafting and implementing various health and safety regulations globally
  • Increased integration of gas sensors into HVAC systems and air quality monitors
  • Increasing levels of air pollution and the need to monitor air quality in smart cities
  • Increased demand for gas sensors in the healthcare industry during the COVID-19 pandemic

limitations

  • Severe pricing pressures resulting from lower average selling prices
  • Complications Involved While Developing Industry-Specific Gas Sensors

chances

  • The increasing prevalence of IoT, cloud computing, and big data in gas sensors
  • The growing adoption of gas sensors in consumer electronics
  • Increasing demand for mini wireless gas sensors

Challenges

  • Technical problems such as high power consumption

mentioned companies

  • Alphasense
  • Amphenol Company
  • Ams-Osram Ag
  • Bosch Sensortec GmbH
  • Breeze Technologies
  • Cubic Sensor and Instrument Co., Ltd.
  • Danfoss
  • Dynament Ltd.
  • Edinburgh sensors
  • Eliminations
  • Figaro Engineering Company
  • Fuji Electric
  • Gastec . company
  • Honeywell Analytics
  • Membrapor Ag
  • Microsense SA
  • Mipex Technology
  • Msa Safety Incorporated
  • Nemoto Sensor Engineering Limited
  • NGC-NTC
  • Nissha Ltd.
  • Renesas Electronics Corporation (Renesas)
  • Senseair Ab (Asahi Kasei Microdevices)
  • Sensirion Ag
  • Specifications sensors

For more information about this report visit https://www.researchandmarkets.com/r/yku53q

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Source: Research and Markets

Copyright Business Wire 2022.

Published: 10/17/2022 05:07 AM / Disc: 10/17/2022 05:07 AM

http://www.businesswire.com/news/home/20221017005466/en

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