Gas Sensor Market Size By Product (Oxygen (O2)/ Lambda Sensors, Carbon Dioxide (CO2) Sensors, Carbon Monoxide (CO) Sensors, NOx Sensors), By Technology (Electrochemical, Semiconductor, Solid State, PID, Catalytic, Infrared), By Connectivity (Wired, Wireless), By Application (Consumer Electronics, Medical, Environmental, Petrochemical, Automotive, Industrial) Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 – 2026

Industry Trends

Gas Sensor Market size valued at USD 1.5 billion in 2019 and is estimated to grow at around 5% CAGR between 2020 and 2026. The global industry shipments will reach 80 million units by 2026.
 

The rising emission of carbon content from automotive, manufacturing, and mining sectors has propelled the market revenue. These sensors deliver high precision with simple architecture and easy use, thereby driving their integration with exhaust gas analyzers and air quality monitoring systems used in various industrial sectors.
 

Furthermore, market players are continuously involved in integrating new technologies into their product offerings to gain high competitiveness in the industry. Companies are also inclined toward the development of application-specific sensors to deliver efficient and accurate measurements, thereby accelerating their demand in the market.
 

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HAVC is one of the major applications of the gas sensors as they decline the risk of combustible & toxic gases through timely corrective action and early detection. The rising integration of HVAC in residential, industrial, and automotive sectors will fuel the gas sensor market growth in the coming years.
 

However, the global COVID-19 pandemic has resulted in the misfunctioning of several industries and hampered production & supply chains. Due to the COVID-19 crisis, companies are facing challenges to supply end products due to the lockdown scenario and decline of trade between nations. However, the gas sensors will experience a high demand in the current scenario from the healthcare & medical sector to produce critical care equipment including oxygen concentrators, ventilators, and other respiratory systems.
 

Rising adoption of air monitoring systems in the manufacturing sector will boost the demand for CO2 sensors

The carbon dioxide (CO2) gas sensor market held a revenue share of over 20% and is anticipated to witness around 4% growth till 2026. The growth is majorly attributed to increasing adoption of air filter systems equipped with CO2 sensors in the manufacturing industry. Carbon dioxide gas sensors are also used in the food & beverage sector to enable the detection of spoilage in food in the manufacturing & storage areas of processing plants.
 

Governments from several nations are inclined toward the introduction of new environmental policies & protocols that focus on the reduction of global warming and control of gas emissions in the manufacturing processes. For example, in 2018, the European Union’s Nationally Determined Contribution (NDC) introduced the Paris Agreement, which focuses on the reduction of greenhouse gas emissions by around 40% until 2030. This will drive the demand for CO2 monitoring systems & filters across various manufacturing plants.
 

Rising demand for detection of toxic gases in the mining industry will create growth opportunities for electrochemical technology

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The electrochemical segment accounted for 30% market share in 2019. The electrochemical technology can easily detect toxic gas concentration with the oxidation of target gas in the electrode and enable the measurement of resultant current. This will boost the demand for electrochemical technology in gas sensors majorly from the mining sector. It will also increase their demand in the detection of landfilled gases and control emission of harmful gases.
 

According to the Mine Safety and Health Administration of the U.S., the number of fatalities that occurred in the U.S. in 2019 was 24 compared to 29 fatalities that occurred in 2015. This is majorly due to rising concern toward workers’ safety and an increasing trend toward industrial automation, further accelerating the adoption of gas sensors in the mining sector. Market leaders are continuously involved in the development of sensors with innovative technologies to gain high competitiveness in the industry.
 

Rising innovation by industry leaders to integrate wireless connectivity into gas sensors

The wireless connectivity segment dominated around 70% gas sensor market share in 2019. These sensors offer easy installation with high scalability & flexibility features, increasing their adoption in a wide range of industries including manufacturing, petrochemical, and oil & gas. In the oil & gas sector, these sensors enable continuous monitoring of gases through remote location & can be operated through base stations and aid to reduce the chances of leakage & explosion of hazardous gases.
 

Major manufacturers including Siemens, Honeywell International, Inc., and Emerson Electric, Co. Ltd. are also continuously involved in the integration of wireless technology to improve the performance of their sensor offerings. In August 2019, Emerson Electric Co., Ltd. announced the launch of its two new wireless gas sensors for the measurement of oxygen and carbon monoxide in pipelines, remote wellhead, and other plant facilities.
 

Rising government concern for worker safety will create new market opportunities

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The industrial applications held a market revenue share of over 40% in 2019 and is projected to expand at 8% CAGR during the forecast period owing to rising government concern toward the health & safety of workers in the manufacturing sector. According to the International Labor Organization, around 2.78 million worker deaths are recorded every year, where 2.4 million deaths are related to occupational diseases.
 

Therefore, governments from several nations have introduced guidelines and regulations to integrate several monitoring devices to ensure worker safety. This will increase the demand for gas detection system in the industrial sector, which aids in the monitoring and detection of toxic & combustible gases in the processing plants. It also helps in the measurement of oxygen levels in confined places and control combustion in industrial furnaces, driving the demand for gas sensors in the industrial sector.
 

Increasing investments for smart infrastructure in the U.S. will accelerate the market size

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North America gas sensor market will witness a growth rate of 7% in terms of unit shipments and over 25 million units are expected to be shipped by 2026 impelled by growing implementation of IoT technologies for smart infrastructure in the region. The U.S. government is investing heavily in smart city projects, creating significant market potentials for smart sensor devices. The government has also planned to spend over USD 20 trillion in smart city development in the next 20 years, creating high opportunities for gas sensors in the region.
 

The government in the region is also emphasizing to decrease greenhouse gas emissions significantly by introducing regulations, increasing awareness regarding emissions, and generating codes for gas leakage detection. The U.S. Consumer Product Safety Commission (CPSC) has also stipulated regulations to adopt sensors to detect CO gases in a variety of heating appliances including gas furnaces.
 

Focus on new product development to stay competitive in the market

Prominent players operating in the industry include Bosch Sensortec, Siemens AG, Amphenol Corporation, Sensirion AG, Aeroqual Ltd., Yokogawa Electric Corporation, Honeywell International, Inc., Figaro Engineering, Inc., Teledyne Technologies Inc., and Dynament.
 

Market players are engaged in the development of new & innovative products to cater to the high demand in the industry. For instance, in June 2019, NevadaNano announced the launch of its new MPS family of gas sensors for industrial safety, HVAC refrigerant, oil & gas processing, and various public safety applications.
 

The gas sensor market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD and shipments in units from 2016 to 2026 for the following segments:

Market by Product

• Oxygen (O2)/Lambda sensors
• Carbon dioxide (CO2) sensors
• Carbon monoxide (CO) sensors
• NOx sensors
• Others

Market by Technology

• Electrochemical
• Semiconductor
• Solid-state
• PID
• Catalytic
• Infrared
• Others

Market by Connectivity

• Wired
• Wireless

Market by Application

• Consumer electronics
• Medical
• Environmental
• Petrochemical
• Automotive
• Industrial
• Others

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • France
  • Italy
  • Germany
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
• Latin America
  • Brazil
  • Mexico
• MEA
  • Saudi Arabia
  • UAE
  • South Africa