Global Gas Chemical Sensor Market – Industry Trends and Forecast to 2030

Global Gas Chemical Sensor Market, By Connectivity Type (Wireless, Wired), Gas type (Oxygen/ Lambda Sensor (O2), Carbon Monoxide (CO), Carbon Dioxide (CO2), Ammonia (NH3), Chlorine (Cl), Hydrogen Sulphide (H2S), Nitrogen Oxides (NOx), Sulfur Dioxides (SO2), Methane (CH4), Hydrocarbons, Hydrogen, Methyl Mercaptan Sensor, Volatile Organic Compound), Output (Analog, Digital), Product (Gas Analysers and Monitors, Gas detectors, Air quality monitors, Air purifiers and Cleaners, Heating, Ventilation and Air-Conditioning (HVAC) Systems, Medical Equipment’s, Consumer Devices MEMS Pellistors, Metal Oxides, Optical Gas Sensor, Others), Technology (Electrochemical, Semiconductor, Thermal conductivity, Photo Ionization Detectors (PID), Solid State or Metal Oxide Semiconductor (MOS), Catalytic, Infrared (IR), Laser, Zirconia, Holographic, Colorimetric, Others), End-User (Water and Wastewater Treatment, Building Automation, Domestic Appliances, Environmental, Defence and Military, Petrochemical, Industrial, Residential, Agriculture, Medical, Oil and Gas, Automotive and Transportation, Food and Beverages, Metals and Chemicals, Mining, Consumer Electronics Industry, Power Stations) – Industry Trends and Forecast to 2030.

Gas Chemical Sensor Market Analysis and Size

Gas sensors are used by many industries, including chemicals, oil and gas, and power, to find different toxic and combustible gases. Methane is frequently used in power generation. They have also created sensors to meet the high demand from ventilator manufacturers. For instance, Sensirion introduced the SFM3019 flow sensor to the market in March 2020. This change was anticipated to satisfy the ventilator manufacturers' rising demand. Throughout the forecast period, it is also anticipated that the market for gas sensors will expand due to the capability of monitoring the concentration levels of different gases in various end-use sectors and the expanding use of gas sensors in HVAC products and air quality control systems.

Data Bridge Market Research analyses that the gas chemical sensor market, valued at USD 1.08 billion in 2022, will reach USD 1.95 billion by 2030, growing at a CAGR of 7.68 % during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Gas Chemical Sensor Market Scope and Segmentation      

Market Definition

A gas sensor is a tool that determines the quantity or presence of gases in the environment or atmosphere. The gas sensor shows a change in resistance of the material used in the sensor based on the concentration of gases in the environment, which is then used to measure the output voltage. The type and concentration of gas are identified based on this variation in voltage value. Gas sensors can identify volatile substances such as gases and the state of the air. These sensors can convert the concentration of an analyze gas into an electronic or electrical signal by detecting and measuring the gas concentration. These sensors are used in various sectors, including aerospace, energy, defense, and medicine.

Gas Chemical Sensor Market Dynamics

Drivers

• New technologies stimulate the market

New sensor technologies, such as electrochemical sensors tailored to specific substances and non-dispersive infrared (NDIR) sensors used in industries to detect gases such as methane, are being created. Gas emissions from various industrial processes, including domestic and industrial ones, are continuously controlled and monitored by gas sensors. The increasing need to reduce harmful emissions from critical industries also portends well for the market's expansion. Gas sensor manufacturers are creating smart gas sensors through technological advancements and innovations. Additionally, many businesses are creating drone-based gas leak detection systems to improve safety for pipeline operators worldwide.

• Government regulations will create a drive-in market.

During the forecast period, the demand is anticipated to be driven by strict government regulations to reduce automobile emissions. Government agencies worldwide impose rules and regulations regarding gas emissions from automobiles. The National Highway Traffic Safety Administration and the EPA amended the corporate average fuel economy and greenhouse gas emission standards for passenger cars in April 2020. As a result, regulating vehicle gas emissions raises the requirement for gas sensors because it reduces air pollution and improves fuel efficiency.

Opportunities

• The development of IoT, cloud computing, and big data during gas seasons create growth.

IoT is essential to the information technology industry. It alludes to the sensor network created by the internet's integration of various information-sensing devices. Additionally, IoT generates a significant demand for Machine-to-Machine (M2M) advancements and device interoperability in line with the demands of the connected environment. There is a growing demand for gas sensors with new and advanced gas sensing capabilities due to the increasing popularity of mobile devices, the IoT, and developments in cloud computing and big data analytics. Additionally, several start-ups have invested in developing a sensor network that can provide pollution data using gas sensors, thus creating an opportunity to grow during the forecast period.

• Wireless technology development leads to an expansion.

The market for gas sensors is being shaped by the development of wireless technologies, expanding research and development initiatives, miniaturization, and enhanced connectivity capabilities. These factors allow for integrating gas sensors into various sensors and actuators without compromising their ability to identify poisonous or highly explosive gases. The Internet of Things, big data, and gas sensor connectivity to multiple devices such as smartphones are expected to open up further lucrative opportunities for the growth of the gas sensor market. Gas detectors have an advanced device interface that makes configuring danger alerts convenient. It dynamically transmits the resulting signal to the operating system without human intervention. Therefore, in the upcoming years, this technological trend will significantly increase the growth of gas sensors.

Restraints/Challenges

• Aggressive pricing results in declining average selling prices, which limits growth

Gas sensors are widely used in automobiles, heating, ventilation and air-conditioning (HVAC) systems, air quality monitoring systems, and consumer electronics, which results in increased shipments of these sensors but constrained growth in their sales as a result of research and development efforts to develop IOT-compatible sensors and cost-effective gas sensor solutions using Methoxyethoxymethyl (MEMS) technology. Price pressure is the result, particularly in applications where gas sensors are used frequently. As a result, producers are forced to lower the potential costs of gas sensors, further limiting the growth of gas chemical sensors in the market.

• Device growth is constrained by its high initial cost.

Although adding sensors can increase automation in electronic devices, doing so incurs extra expense, so it is typically avoided in applications that are intended to be more commercially successful. Using sensors allows for more features and increases the automation of the devices, but it does come at a cost, so it is avoided in cost-effective applications. As they contain temperature-sensitive components, sensors cause heating issues and reduce the lifespan of continuously used electronics such as smartphones, laptops, and cameras. Sensors facilitate the battery life of devices that use batteries as their power source because they rely on them for operation.

This gas chemical sensor market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the gas chemical sensor Market contact Data Bridge Market Research for an analyst brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Developments

• In 2022, the ALTAIR IO 4 Gas Detection Wearable Devices, which MSA Safety Inc. recently unveiled, are the hardware component of a cloud-ready technology suite that MSA refers to as the connected work platforms.
• In 2022, Sensirion presented its SEN50 and SEN55 environmental sensing solutions to measure critical environmental parameters. The SSEN500 ENVIRONMENTAL NODE, a member of the SEN5x series, is a simple sensor platform for precisely measuring particulate matter.
• In 2021, Sensirion AG completed the acquisition of Qmicro B.V, a cutting-edge OEM supplier of technologies for miniature gas analysis. Sensirion added stand-alone micro gas analyzers for industrial applications to its gas sensing portfolio with this acquisition, which had previously only included components and modules.
• In 2021, the purchase of MTS System Corporation by Amphenol Corporation was completed. Amphenol anticipates that the MTS sensors business will increase sales by USD 350 million in the first year after closing. As previously stated, MTS Sensors is expected to increase Amphenol's earnings per share by USD 0.05 in the first year following closing, which excludes acquisition-related costs and considers the business's most recent 2-for-1 stock split.

Global Gas Chemical Sensor Market Scope

The gas chemical sensor market is segmented on the basis of connectivity type, gas type, output, product, technology, and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Connectivity Type

• Wireless
• Wired

Gas type

• Oxygen/ Lambda Sensor (O2)
• Carbon Monoxide (CO)
• Carbon Dioxide (CO2)
• Ammonia (NH3)
• Chlorine (Cl)
• Hydrogen Sulphide (H2S)
• Nitrogen Oxides (NOx)
• Volatile organic compound
• Sulfur Dioxides (SO2)
• Methane (CH4)
• Hydrocarbons
• Hydrogen
• Methyl Mercaptan Sensor
• Volatile Organic Compound

Output

• Analog
• Digital

Product

• Gas analysers and monitors
• Gas detectors
• Air quality monitors
• Air purifiers and cleaners
• HVAC systems
• Medical equipment’s
• Consumer devices
• MEMS Pellistors
• Metal Oxides
• Optical gas sensor
• Others

Technology

• Electrochemical
• Semiconductor
• Thermal conductivity
• Photo Ionization Detectors (PID)
• Solid State or Metal Oxide Semiconductor (MOS)
• Catalytic
• Infrared (IR)
• Laser
• Zirconia
• Holographic
• Colorimetric
• Others
• Paramagnetic
• Flame Ionization Detection (FID)
• Chemiluminescence
• Carbon Nanotubes
• Polymers
• Ultraviolet

End-User

• Water and Wastewater Treatment
• Building Automation
• Smart Cities
• Domestic appliances
• Environmental
• Defence and Military
• Petrochemical
• Industrial
• Residential
• Agriculture
• Medical
• Oil and Gas
• Automotive and Transportation
• Food and Beverages
• Metals and Chemicals
• Mining
• Consumer Electronics industry
• Power Stations

Gas Chemical Sensor Market Regional Analysis/Insights

The gas chemical sensor market is analysed and market size insights and trends are provided by country, connectivity type, gas type, output, product, technology, and end-user as referenced above.

The countries covered in the gas chemical sensor market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Asia-Pacific dominates the market and will continue to flourish its trend of dominance during the forecast period. The major factors attributable to the region’s dominance are increasing awareness about the impact of air pollutants on human health across the countries in the Asia Pacific, such as India and China, which is driving the demand for gas sensors for air quality monitoring. Additionally, continued urbanization in the region contributes to the rising demand for gas sensors. Moreover, the governments in the Asia Pacific region are investing heavily in smart city projects, thus creating significant potential for smart sensor devices. Such factors bode well for regional market growth.

Europe will undergo the highest growth rate during the forecast period owing to stringent norms related to the emissions of gases, and the subsequent need for emissions monitoring is expected to drive the regional market's growth. Additionally, In Europe, the safety requirements require all the vehicle OEMs to include gas sensor technologies in their offers. As rules to curb pollution levels are becoming more rigorous, the popularity of gas sensors in the automotive sector to decrease pollution is expected to increase in the coming years.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Gas Chemical Sensor Market Share Analysis

The gas chemical sensor market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to gas chemical sensor market.

Some of the major players operating in the gas chemical sensor market are:

• Honeywell International Inc. (U.S.)
• DENSO CORPORATION (Japan)
• Emerson Electric Co. (U.S.)
• Teledyne Technologies Incorporated. (U.S.)
• Siemens (Germany)
• GENERAL ELECTRIC  (U.S.)
• 3M (U.S.)
• MSA (U.S.)
• Euro-Gas (Balkans)
• Crowcon Detection Instruments Ltd. (U.K.)
• Alphasense (U.S.)
• ABB (Switzerland )
• Yokogawa Electric Corporation (Japan)
• Servomex (U.K.)
• Thermo Fisher Scientific Inc. (U.S.)
• Gas Clip Technologies (U.S.)
• Figaro Engineering Inc (Japan)
• DOD Technologies, Inc (U.S.)
• Blackline Safety Corp (Canada)
• Pem-Tech, Inc. (U.S.)
• Otis Instruments, Inc.(U.S.)