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Gas Sensor Market Trends and Forecast

The future of the global gas sensor market looks promising with opportunities in the medical, building automation & domestic appliance, environmental, petrochemical, automotive, industrial, and agriculture industries. The global gas sensor market is expected to reach an estimated $1.9 billion by 2028 with a CAGR of 9.3% from 2023 to 2028. The major drivers for this market are increasing need for gas sensors to reduce the risk of gas accidents and rising adoption of gas sensors to control and monitor emissions from various industrial processes.
Gas Sensor Market by Product, Type, Technology, and End Use Industry
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below. To learn the scope, benefits, companies researched and other details of the global gas sensor market report, please download the report brochure.
Gas Sensor Market by Segments

Gas Sensor Market by Segment

The study includes a forecast for the global gas sensor market by gas sensor market by product, type, technology, end use industry, and region, as follows:

Gas Sensor Market by Product [Value ($B) Shipment Analysis from 2017 to 2028]:

  • Oxygen/Lambda Sensor
  • Carbon Dioxide Sensor
  • Carbon Monoxide Sensor
  • NOx Sensor
  • Methyl Mercaptan Sensor
  • Others

Gas Sensor Market by Type [Value ($B) Shipment Analysis from 2017 to 2028]:

  • Wireless
  • Wired

Gas Sensor Market by Technology [Value ($B) Shipment Analysis from 2017 to 2028]:

  • Electrochemical
  • Semiconductor
  • Solid State/MOS
  • Photo-ionization Detector (PID)
  • Catalytic
  • Infrared (IR)
  • Others

Gas Sensor Market by End Use Industry [Value ($B) Shipment Analysis from 2017 to 2028]:

  • Medical
  • Building Automation & Domestic Appliances
  • Environmental
  • Petrochemical
  • Automotive
  • Industrial
  • Agriculture
  • Others

Gas Sensor Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:

  • North America
  • Europe
  • Asia Pacific
  • The Rest of the World

List of Gas Sensor Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies gas sensor companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the gas sensor companies profiled in this report include. 

Gas Sensor Market Insights

  • Lucintel forecast that carbon dioxide sensor will remain the larger segment over the forecast period the growing usage of these sensors in monitoring the indoor air quality of various applications, such as home, buildings, automotive, offices, and other applications. 
  • Industrial is expected to remain the largest segment due to the increasing penetration of gas sensors in industries to monitor, detect, and warn about dangerous vapors and gases. 
  • Asia Pacific will remain the largest region due to rapid industrialization and increasing awareness of the negative impact of air pollution on human health in this region.

Features of the Gas Sensor Market

  • Market Size Estimates: Gas sensor market size estimation in terms of value ($B)
  • Trend And Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.
  • Segmentation Analysis: Gas sensor market size by various segments, such as by product, type, technology, end use industry, and region
  • Regional Analysis: Gas sensor market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth Opportunities: Analysis on growth opportunities in different by product, type, technology, end use industry, and regions for the gas sensor market.
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape for the gas sensor market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the gas sensor market size?
Answer: The global gas sensor market is expected to reach an estimated $1.9 billion by 2028.
Q2. What is the growth forecast for gas sensor market?
Answer: The global gas sensor market is expected to grow with a CAGR of 9.3% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the gas sensor market?
Answer: The major drivers for this market are increasing need for gas sensors to reduce the risk of gas accidents and rising adoption of gas sensors to control and monitor emissions from various industrial processes.
Q4. What are the major segments for gas sensor market?
Answer: The future of the gas sensor market looks promising with opportunities in the medical, building automation & domestic appliance, environmental, petrochemical, automotive, industrial, and agriculture industries.
Q5. Who are the key gas sensor companies?
Answer: Some of the key gas sensor companies are as follows:
  • ABB
  • AlphaSense
  • City Technology
  • Dynament
  • Figaro Engineering
  • Membrapor
Q6. Which gas sensor segment will be the largest in future?
Answer: Lucintel forecast that carbon dioxide sensor will remain the larger segment over the forecast period due to the growing usage of these sensors in monitoring the indoor air quality of various applications, such as home, buildings, automotive, offices, and other applications. 
Q7. In gas sensor market, which region is expected to be the largest in next 5 years?
Answer: Asia Pacific will remain the largest region due to rapid industrialisation and increasing awareness of the negative impact of air pollution on human health in this region.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.

This report answers following 11 key questions

Q.1. What are some of the most promising, high-growth opportunities for the gas sensor market by product (oxygen/lambda sensor, carbon dioxide sensor, carbon monoxide sensor, nox sensor, methyl mercaptan sensor, and others ), type (wireless and wired), technology (electrochemical, semiconductor, solid state/MOS, photo-ionization detector, catalytic, infrared, and others), end use industry (medical, building automation & domestic appliances, environmental, petrochemical, automotive, industrial, agriculture, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

For any questions related to gas sensor market or related to gas sensor companies, gas sensor market size, gas sensor market share, gas sensor analysis, write Lucintel analyst at email: helpdesk@lucintel.com  we will be glad to get back to you soon.
Table of Contents
 
1. Executive Summary
 
2. Global Gas Sensor Market: Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
 
3. Market Trends and Forecast Analysis from 2017 to 2028
3.1: Macroeconomic Trends (2017-2022) and Forecast (2023-2028)
3.2: Global Gas Sensor Market Trends (2017-2022) and Forecast (2023-2028)
3.3: Global Gas Sensor Market by Product 
3.3.1: Oxygen/Lambda Sensor 
3.3.2: Carbon Dioxide Sensor 
3.3.3: Carbon Monoxide Sensor 
3.3.4: NOx Sensor 
3.3.5: Methyl Mercaptan Sensor 
3.3.6: Others 
3.4: Global Gas Sensor Market by Type
3.4.1: Wireless 
3.4.2: Wired 
3.5: Global Gas Sensor Market by Technology
3.5.1: Electrochemical 
3.5.2: Semiconductor 
3.5.3: Solid State/MOS 
3.5.4: Photo-ionization Detector (PID) 
3.5.5: Catalytic 
3.5.6: Infrared (IR) 
3.5.7: Others 
3.6: Global Gas Sensor Market by End Use Industry
3.6.1: Medical 
3.6.2: Building Automation & Domestic Appliances 
3.6.3: Environmental 
3.6.4: Petrochemical 
3.6.5: Automotive 
3.6.6: Industrial 
3.6.7: Agriculture 
3.6.8: Others 
 
4. Market Trends and Forecast Analysis by Region from 2017-2028
4.1: Global Gas Sensor Market by Region
4.2: North American Gas Sensor Market
4.2.1: North American Gas Sensor Market by Product: Oxygen/Lambda Sensor, Carbon Dioxide Sensor, Carbon Monoxide Sensor, NOx Sensor, Methyl Mercaptan Sensor, and Others
4.2.2: North American Gas Sensor Market by End Use Industry: Electrochemical, Semiconductor, Solid State/MOS, Photo-ionization Detector, Catalytic, Infrared, and Others
4.3: European Gas Sensor Market
4.3.1: European Gas Sensor Market by Product: Oxygen/Lambda Sensor, Carbon Dioxide Sensor, Carbon Monoxide Sensor, NOx Sensor, Methyl Mercaptan Sensor, and Others 
4.3.2: European Gas Sensor Market by End Use Industry: Electrochemical, Semiconductor, Solid State/MOS, Photo-ionization Detector, Catalytic, Infrared, and Others 
4.4: APAC Gas Sensor Market 
4.4.1: APAC Gas Sensor Market by Product: Oxygen/Lambda Sensor, Carbon Dioxide Sensor, Carbon Monoxide Sensor, NOx Sensor, Methyl Mercaptan Sensor, and Others 
4.4.2: APAC Gas Sensor Market by End Use Industry: Electrochemical, Semiconductor, Solid State/MOS, Photo-ionization Detector, Catalytic, Infrared, and Others
4.5: ROW Gas Sensor Market 
4.5.1: ROW Gas Sensor Market by Product: Oxygen/Lambda Sensor, Carbon Dioxide Sensor, Carbon Monoxide Sensor, NOx Sensor, Methyl Mercaptan Sensor, and Others 
4.5.2: ROW Gas Sensor Market by End Use Industry: Electrochemical, Semiconductor, Solid State/MOS, Photo-ionization Detector, Catalytic, Infrared, and Others
 
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
 
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Gas Sensor Market by Product 
6.1.2: Growth Opportunities for the Gas Sensor Market by Type
6.1.3: Growth Opportunities for the Gas Sensor Market by Technology
6.1.4: Growth Opportunities for the Gas Sensor Market by End Use Industry
6.1.5: Growth Opportunities for the Gas Sensor Market Region
6.2: Emerging Trends in the Global Gas Sensor Market 
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Gas Sensor Market 
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Gas Sensor Market 
6.3.4: Certification and Licensing
 
7. Company Profiles of Leading Players
7.1: ABB  
7.2: AlphaSense  
7.3: City Technology  
7.4: Dynament  
7.5: Figaro Engineering  
7.6: Membrapor  
 
.

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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process. 
 

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