According to a new market report by Lucintel, the future of the gas sensor market looks promising with opportunities in the consumer electronics, healthcare, automotive, industrial, and building & construction industries. The global gas sensor market is expected to grow with a CAGR of 8% from 2020 to 2025. The major growth drivers for this market are increased adoption in Heating, Ventilation, and Air Conditioning (HVAC) systems and air quality monitors and growing emission of carbon content from automotive.
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In this market, oxygen, carbon dioxide, nitrogen oxide, carbon monoxide, and other sensors are used. Lucintel forecasts that oxygen segment is projected to lead the gas sensors market during the forecast period due to oxygen detectors, analyzers, and monitors are widely used in automotive, smart cities & building automation, food & beverages, and other industrial applications.
Within the gas sensor market, consumer electronics, healthcare, automotive, industrial, and building & construction are the major end use industries.
APAC is expected to witness the highest growth over the forecast period due to rising awareness regarding the impact of air population and growth of the automotive industry and smart cities.
Honeywell, MSA Safety, Alphasense, Figaro, Sensirion AG, Amphenol, and AKM are among the major manufacturers of the gas sensor market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the gas sensor market by gas type, technology, connectivity, end use industry, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global Gas Sensor Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global gas sensor market by gas type, technology, connectivity, end use industry, and region as follows.
By Gas Type [$M shipment analysis for 2014 – 2025]:
Oxygen
Carbon Dioxide
Carbon Monoxide
Nitrogen Oxide
Others
By Technology [$M shipment analysis for 2014 – 2025]:
Electrochemical
Infrared
Others
By Connectivity [$M shipment analysis for 2014 – 2025]:
By End Use Industry [$M shipment analysis for 2014 – 2025]:
Consumer Electronics
Healthcare
Automotive
Industrial
Building & Construction
Others
By Region [$M shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
China
Japan
India
South Korea
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
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