GITNUX MARKETDATA REPORT 2024

Gas Sensor Industry Statistics

The Gas Sensor Industry is experiencing steady growth due to increased demand for air quality monitoring and safety applications across various sectors.

Highlights: Gas Sensor Industry Statistics

  • The global gas sensor market size was valued at USD 2.19 billion in 2019.
  • The market is anticipated to register a CAGR of 8.3% from 2020 to 2027.
  • In 2020, Asia Pacific emerged as the largest market for gas sensors.
  • The carbon dioxide sensor segment held the largest market share in 2019.
  • Europe is expected to reach over $1 billion market by 2027 in the gas sensor industry.
  • The infrared technology segment is predicted to see 7% growth from 2020 to 2026.
  • The medical sector accounted for 19.3% of the overall gas sensor market revenue share in 2019.
  • The infrared gas sensor is expected to grow at the highest CAGR of 10.4% from 2020 to 2027.
  • North America gas sensor market in the automotive sector is expected to grow at a CAGR of 6% by 2026.
  • The industrial safety application segment accounted for 22.1% of the overall gas sensor market revenue share in 2020.
  • Oxygen sensors dominate the market with a 27.3% share of the total market revenue.
  • The consumer electronics sector for gas sensors is projected to grow at a CAGR of 12.5% throughout 2021-2026.
  • Gas sensors find 16% of their application in environmental monitoring.
  • Metal-oxide-semiconductor gas sensor is expected to witness the highest CAGR of 6.4% during the forecast period of 2021-2026.
  • Gas sensors are anticipated to reach a market value of AUD 1,290 million by 2031 in Australia.
  • There's a prediction that the demand for air quality monitoring systems will account for nearly 1/3rd of the total demand in the Australia gas sensors market by 2031.
  • The consumer electronics applications of gas sensors in China contribute around 40% to the global market.
  • Emerging economies like India and China are expected to be the fastest growing market at CAGR of 9.7% by 2027.
  • The Electrochemical gas sensor is a major type of gas sensor in the market with a 32% market share in 2020.

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The Latest Gas Sensor Industry Statistics Explained

The global gas sensor market size was valued at USD 2.19 billion in 2019.

The statistic indicates that in 2019, the market for gas sensors worldwide amounted to a total value of USD 2.19 billion. Gas sensors are devices that detect the presence of different gases in the environment, playing a crucial role in various industries such as automotive, healthcare, and environmental monitoring. This market size value reflects the significant demand for gas sensors due to increasing concerns about air quality, workplace safety, and industrial emissions. The figure serves as a key indicator of the economic importance and growth potential of the gas sensor industry, highlighting the scope for innovation and expansion within this market segment.

The market is anticipated to register a CAGR of 8.3% from 2020 to 2027.

This statistic indicates that the market is expected to experience a Compound Annual Growth Rate (CAGR) of 8.3% between the years 2020 and 2027. CAGR is a measure used to understand the average annual growth rate of an investment over a specific period, smoothing out fluctuations in growth and providing a single consistent value for comparison. In this context, a CAGR of 8.3% suggests that the market is projected to grow steadily at an average annual rate of 8.3% over the specified timeframe, potentially reflecting positive trends, market opportunities, and overall growth prospects in the industry.

In 2020, Asia Pacific emerged as the largest market for gas sensors.

The statistic “In 2020, Asia Pacific emerged as the largest market for gas sensors” indicates that the Asia Pacific region recorded the highest demand and consumption of gas sensors compared to other global regions during the year 2020. This suggests that industries and consumers in countries within the Asia Pacific region have shown an increasing reliance on gas sensors for various applications such as monitoring air quality, industrial safety, and environmental protection. The emerging dominance of the Asia Pacific market for gas sensors may be driven by factors such as rapid industrialization, growing awareness of environmental issues, and regulatory requirements for monitoring gas emissions. This trend highlights the significance of the Asia Pacific region in the global market for gas sensors and underlines the region’s increasing importance in the technology and manufacturing sectors.

The carbon dioxide sensor segment held the largest market share in 2019.

The statement “The carbon dioxide sensor segment held the largest market share in 2019” indicates that out of all the different types of sensors in the market in 2019, carbon dioxide sensors had the highest proportion of sales or revenue. This suggests that carbon dioxide sensors were the most popular or widely used type of sensor in various industries or applications at that time. Companies and industries likely invested more in carbon dioxide sensors compared to other sensor types, either due to increasing demand for monitoring and controlling carbon dioxide levels or advancements in technology that made carbon dioxide sensors more attractive.

Europe is expected to reach over $1 billion market by 2027 in the gas sensor industry.

The statistic indicates a projection that the gas sensor industry in Europe is anticipated to grow significantly, reaching a market value exceeding $1 billion by the year 2027. This suggests that there is expected to be a substantial increase in demand for gas sensors in Europe over the coming years, likely driven by factors such as advancements in technology, increasing concerns about air quality and safety regulations, and the growth of industries that rely on gas sensors for various applications. The projected growth to such a sizable market value reflects the expected expansion and importance of the gas sensor industry in Europe, highlighting potential opportunities for businesses and investors operating in this sector.

The infrared technology segment is predicted to see 7% growth from 2020 to 2026.

The statistic indicates that the infrared technology industry is projected to experience a 7% increase in growth over the period from 2020 to 2026. This growth rate suggests a positive trend in the demand for and adoption of infrared technology during this time frame. Factors driving this growth could include advancements in infrared technology, increased applications across various industries such as healthcare, security, and automotive, as well as the potential for cost efficiencies and improved performance compared to traditional technologies. This prediction implies opportunities for companies operating in the infrared technology sector, as well as potential benefits for end-users seeking innovative solutions in their respective fields.

The medical sector accounted for 19.3% of the overall gas sensor market revenue share in 2019.

The statistic indicates that in 2019, the medical sector contributed 19.3% of the total revenue generated by the gas sensor market. This suggests that a significant portion of the market’s revenue came from sales of gas sensors to the medical industry, which could be used in various applications such as monitoring air quality in hospitals, detecting gases in medical devices, or ensuring safety in healthcare facilities. The prominence of the medical sector in this market implies a strong demand for gas sensors in the healthcare industry and underscores the importance of gas sensing technology in improving health and safety standards within medical environments.

The infrared gas sensor is expected to grow at the highest CAGR of 10.4% from 2020 to 2027.

This statistic indicates that the market for infrared gas sensors is projected to experience significant growth, with a Compound Annual Growth Rate (CAGR) of 10.4% expected between the years 2020 and 2027. This suggests that there is a growing demand for infrared gas sensors, likely driven by increasing awareness of environmental concerns, industrial safety regulations, and technological advancements in sensor capabilities. A CAGR of 10.4% implies a substantial expansion in market size and adoption of infrared gas sensors over the forecast period, highlighting the importance and potential opportunities within this particular segment of the sensor industry.

North America gas sensor market in the automotive sector is expected to grow at a CAGR of 6% by 2026.

The statistic states that the gas sensor market in North America specifically within the automotive sector is projected to experience a Compound Annual Growth Rate (CAGR) of 6% by the year 2026. This indicates that the demand for gas sensors in the automotive industry is anticipated to steadily increase over the specified time period at an average annual growth rate of 6%. Factors such as advancements in automotive technology, increasing emphasis on vehicle safety and emissions regulations are likely to drive this growth in the North American market for gas sensors within the automotive sector.

The industrial safety application segment accounted for 22.1% of the overall gas sensor market revenue share in 2020.

The statistic indicates that the industrial safety application segment contributed to 22.1% of the total revenue generated in the gas sensor market in 2020. This signifies that a significant portion of the market’s revenue can be attributed to the use of gas sensors in industrial safety applications, such as monitoring hazardous gases in industrial environments to ensure the safety of workers and prevent accidents. The prominence of the industrial safety segment highlights the importance of gas sensors in safeguarding workplaces and underscores the market demand for such devices within this specific application area.

Oxygen sensors dominate the market with a 27.3% share of the total market revenue.

This statistic reveals that oxygen sensors hold a significant market share in terms of revenue, accounting for 27.3% of the total market. Oxygen sensors are a crucial component in various industries, including automotive, healthcare, and environmental monitoring, as they help measure oxygen levels accurately. The dominance of oxygen sensors in the market suggests their widespread use and importance in different applications. With such a substantial share of the market revenue, it indicates a high demand for oxygen sensors and highlights their key role in monitoring and maintaining optimal oxygen levels in various systems and environments.

The consumer electronics sector for gas sensors is projected to grow at a CAGR of 12.5% throughout 2021-2026.

The statement indicates that the consumer electronics sector specifically related to gas sensors is expected to experience significant growth over the period from 2021 to 2026, with a compound annual growth rate (CAGR) of 12.5%. This suggests that the demand for gas sensors within consumer electronics products is anticipated to increase steadily at an average annual rate of 12.5% over the specified time frame. This growth projection implies a positive outlook for companies in the gas sensor industry catering to the consumer electronics sector, signaling potential opportunities for expansion, innovation, and market development.

Gas sensors find 16% of their application in environmental monitoring.

The statistic “Gas sensors find 16% of their application in environmental monitoring” indicates that approximately 16% of the overall usage of gas sensors is directed towards environmental monitoring purposes. Gas sensors are utilized in various industries and applications to detect and measure the presence of gases in the environment. This statistic highlights the significant role that gas sensors play in monitoring and analyzing environmental conditions, such as air quality, pollution levels, and greenhouse gas emissions. By dedicating a substantial portion of their application to environmental monitoring, gas sensors contribute to ensuring environmental safety, health, and sustainability through the continuous and accurate detection of harmful gases in the atmosphere.

Metal-oxide-semiconductor gas sensor is expected to witness the highest CAGR of 6.4% during the forecast period of 2021-2026.

The statistic suggests that the Metal-oxide-semiconductor (MOS) gas sensor market is projected to experience significant growth with a compound annual growth rate (CAGR) of 6.4% over the period of 2021-2026. This indicates that the demand for MOS gas sensors, which are widely used for detecting various gases in different industries including automotive, healthcare, and environmental monitoring, is expected to steadily increase over the forecast period. The high CAGR reflects the growing awareness and adoption of MOS gas sensors due to their sensitivity, reliability, and cost-effectiveness compared to other types of gas sensors. This growth trend is likely driven by factors such as increasing concerns related to air quality, safety regulations, and advancements in sensor technologies, pointing towards a promising market outlook for MOS gas sensors in the coming years.

Gas sensors are anticipated to reach a market value of AUD 1,290 million by 2031 in Australia.

The statistic that gas sensors are anticipated to reach a market value of AUD 1,290 million by 2031 in Australia signifies a significant growth and demand for these devices in the country. Gas sensors play a crucial role in various industries including environmental monitoring, healthcare, industrial safety, and more, by detecting and measuring the presence of different gases in the surroundings. The projected market value indicates a growing awareness and importance of monitoring air quality and ensuring safety measures in different sectors. This anticipated growth suggests potential opportunities for manufacturers, suppliers, and other stakeholders in the gas sensor industry, as they aim to meet the increasing demand for these devices in Australia over the next decade.

There’s a prediction that the demand for air quality monitoring systems will account for nearly 1/3rd of the total demand in the Australia gas sensors market by 2031.

The statistic suggests that by the year 2031, the demand for air quality monitoring systems is expected to make up approximately one-third (or 1/3rd) of the total demand in the Australia gas sensors market. This implies that there is a growing emphasis on monitoring and maintaining air quality in Australia, likely driven by increased awareness of environmental concerns and health implications of air pollution. The forecasted significant share of demand for air quality monitoring systems indicates a shift towards prioritizing clean air initiatives and ensuring proper monitoring and control of pollutants in the atmosphere, reflecting a trend towards more sustainable environmental practices in the region.

The consumer electronics applications of gas sensors in China contribute around 40% to the global market.

This statistic indicates that China’s consumer electronics sector plays a significant role in the global market for gas sensors, accounting for around 40% of the total market share. Gas sensors are utilized in consumer electronic devices to detect and monitor gas levels for safety, environmental, and efficiency purposes. The high contribution from China suggests a strong demand for gas sensor technology in the country’s consumer electronics industry, potentially driven by factors such as rapid technological advancement, increasing awareness of environmental issues, and a growing market for smart devices. This data highlights the importance of China as a key player in the gas sensor market within the consumer electronics sector on a global scale.

Emerging economies like India and China are expected to be the fastest growing market at CAGR of 9.7% by 2027.

This statistic suggests that emerging economies such as India and China are forecasted to experience significant growth in their markets over the next few years, with a compound annual growth rate (CAGR) of 9.7% by the year 2027. This growth rate indicates a rapid expansion and increasing investment opportunities in these countries. Factors contributing to this growth could include shifts in global trade dynamics, government policies supporting business growth, increasing consumer demand, and advancements in technology and infrastructure. As a result, businesses and investors may consider these emerging economies as attractive prospects for future expansion and investment opportunities due to their strong growth potential.

The Electrochemical gas sensor is a major type of gas sensor in the market with a 32% market share in 2020.

The statistic indicates that the Electrochemical gas sensor is a significant player in the gas sensor market, holding a substantial 32% market share in the year 2020. This suggests that a large portion of gas sensor consumers are opting for Electrochemical gas sensors over other types available in the market. The high market share could be attributed to the effectiveness, accuracy, durability, or cost-effectiveness of Electrochemical gas sensors compared to other sensor types. Additionally, the statistic implies that Electrochemical gas sensors are widely accepted and preferred by consumers for detecting and measuring gases in various applications such as industrial settings, environmental monitoring, or personal safety equipment.

Conclusion

The gas sensor industry statistics provide valuable insights into the trends and dynamics shaping this rapidly evolving sector. By understanding the key metrics and market indicators, industry players can make informed decisions and capitalize on emerging opportunities. As technological advancements and regulations continue to drive innovation in gas sensing technologies, staying abreast of the latest statistics will be crucial for companies to stay competitive and meet the demands of a changing market landscape.

References

0. – https://www.www.techsciresearch.com

1. – https://www.www.fortunebusinessinsights.com

2. – https://www.www.alliedmarketresearch.com

3. – https://www.www.grandviewresearch.com

4. – https://www.www.globenewswire.com

5. – https://www.www.mordorintelligence.com

6. – https://www.www.chinaiol.com

7. – https://www.www.gminsights.com

8. – https://www.www.marketresearchfuture.com

How we write our statistic reports:

We have not conducted any studies ourselves. Our article provides a summary of all the statistics and studies available at the time of writing. We are solely presenting a summary, not expressing our own opinion. We have collected all statistics within our internal database. In some cases, we use Artificial Intelligence for formulating the statistics. The articles are updated regularly.

See our Editorial Process.

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