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Gas Sensors Market by Gas Type, Technology, End-Use Application, Geography - Global Forecast 2023

Gas Sensors Market: Global Forecast

  • August 2017
  • 146 pages
  • ID: 5045707
In this report:
The gas sensors market is expected to register a shipment of ##.## million units by 2023, at a CAGR of ##.##% between 2017 and 2023.
The market for solid state and metal oxide gas sensors registered a shipment of ##,##.## thousand units in 2016 and is expected to reach ##,##.## thousand units by 2023, at a CAGR of ##.##% from 2017 to 2023.
The gas sensors market is expected to register a shipment of ##,##.## thousand units by 2023, at a CAGR of ##.##% between 2017 and 2023.

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"The global gas sensors market is anticipated to increase at a CAGR (Compound annual growth rate) of ~6.8 percent"

The global gas sensors market is anticipated to be valued at $1297.60M by 2023, increasing at a compound annual growth rate (CAGR) of ~6.8 percent between 2017 and 2023. The main factors driving the increase of the gas sensors market contain growing enforcement of occupational health and safety regulations by the government, MEMS-based sensors, development of miniaturized wireless sensors, and rising awareness of air quality control among users. Advanced technologies, e.g., MEMS-based fabrication of sensors create the opportunity for the gas sensors market to grow. This technology has enabled miniaturization, production in high volume, and low-cost integration with electronics.

"The gas sensors market for the oil & gas market to hold the biggest market share during the estimate period"

The gas sensors market for the oil & gas sector is forecasted to account for the biggest market share by 2023 as a result of growing oil & gas projects, replacement of obsolete sensors, and continuously rising demand from oil & gas markets from emerging economies. Growing shale gas production in the USA will also drive the gas sensors market in the US.

"Consumer electronics is anticipated to rise at the highest level rate during the outlook period"

The consumer electronics segment is anticipated to grow at the maximal rate as gas sensors are anticipated to be integrated into smartphones, tablets, and wearable devices to detect gases including alcohol, carbon monoxide, carbon dioxide, nitrogen dioxide, and VOCs.

"Asia-Pacific to hold the biggest share and is expected to witness the highest increase in the gas sensors market"

The main drivers for the fast growth of the said market in Asia-Pac are the growing investments in sectors including infrastructure, housing, and medical care, which is attributed to the increasing population and urbanization in the said area. The strong economic increase and rise in manufacturing sectors, like automotive, and metals and chemicals, in Asia-Pacific are forecast to steer the gas sensors market in this area.

In the process of finding out and checking the market value for various segments and sub-segments collected by secondary research, extensive primary audit sessions have been managed with main people in the gas sensors market. The break-up of primary participants for the industry report has been shown below:

• By Company category: Tier 1 = 20 %, Tier 2 = 55.0 percent, and Tier 3 = 25.0 percent

• By Description: C-suite executives = 50.0 percent, Directors = 25.0 percent, and Managers = 25.0 percent

• By Area: North America continent = 60.0 percent, Europe (EU) = 20.0 percent, Asia-Pac = 10.0 percent, and RoW = 10.0 percent

The report also profiles the top actors in this industry. The main players decribed in this business report are City Technology Ltd, Dynament, Alphasense, Amphenol Corporation. , Bosch Sensortec, ams AG, SenseAir AB, Figaro Engineering Inc., Membrapor AG, and Sensirion AG, and MSA.

Segment Research

This market research classifies the global gas sensors market established on gas type, technology, end-use application, MEMS-based gas sensors, and area. The study depicts main drivers, industry restraints, opportunities, and possibilities pertaining to the market as well as provides value chain study.

Why Purchasing This Study Can Help You:

The analysis would benefit competitors/new sector entrants in this sector in these ways:

1. This document breaks down the gas sensors market comprehensively and offers the closest industry size estimation for sub-segments across different areas.

2. The market research would benefit partners distinguish the pulse of the sector and offer them with info on key market drivers, market restraints, opportunities, and alternatives for industry growth.

3. This industry report would benefit partners comprehend their players better and acquire additional insights to enhance their rank in the business sector. The competitive outlook section includes the info on the players' ecosystem, launches of new product, acquisitions, alliances, strategic agreements, contracts, and collaborations.

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