Gas Sensor Market Size, Share & Trends Report

Gas Sensor Market Size, Share & Trends Analysis Report By Product, By Type (Wired, Wireless), By Technology, By End-use, By Region, And Segment Forecasts, 2024 - 2030

  • Report ID: 978-1-68038-083-5
  • Number of Pages: 113
  • Format: Electronic (PDF)
  • Historical Range: 2017 - 2021
  • Industry: Technology

Research Methodology

A three-pronged approach was followed for deducing the gas sensor market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for gas sensor market to gather the most reliable and current information possible.

  • We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
  • We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
  • We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
  • We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
  • We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of gas sensor market data depending on the type of information we’re trying to uncover in our research.

  • Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

  • Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

  • Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

  • Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

  • Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

  • Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

  • This step also entails the finalization of the report scope and data representation pattern.

  • Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Gas Sensor Market Categorization:

The gas sensor market was categorized into five segments, namely product (Oxygen /Lambda Sensors, Carbon Dioxide Sensors, Carbon Monoxide Sensors , Nitrogen Oxide Sensors, Methyl Mercaptan Sensor), type (Wireless, Wired), technology (Electrochemical, Semiconductor, Solid State/MOS, Photo-ionization Detector, Catalytic, Infrared) end-use (Medical, Building Automation & Domestic Appliances, Environmental, Petrochemical, Automotive, Industrial, Agriculture), and regions (North America, Europe, Asia Pacific, South America, Middle East & Africa).

Segment Market Methodology:

The gas sensor market was segmented into product, type, technology, end-use, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

  • Demand estimation of each product across countries/regions summed up to from the total market.

  • Variable analysis for demand forecast.

  • Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

  • Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

  • Used extensively for new product forecasting or analyzing penetration levels.

  • Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

  • Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

  • This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The gas sensor market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into twenty-five countries, namely, the U.S.; Canada; Mexico; Germany; the UK.; France; China; India; Japan; South Korea; Australia; Brazil; Kingdom of Saudi Arabia; UAE; and South Africa.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Gas sensor market companies & financials:

The gas sensor market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

  • Alphasense  - Alphasense, a gas sensor manufacturer, caters to various industrial OEMs. With offices in New York, London, and Helsinki, it operates two divisions: Alphasense Air and Alphasense Safety. Its extensive product range includes sensors for carbon monoxide, carbon dioxide, chlorine, flammable gases, oxygen, hydrogen sulfide, sulfur dioxide, and nitric oxide, among others. It also offers miniature sensors and 4-20 transmitter boards. In December 2021, Alphasense was acquired by AMETEK, Inc., a leading provider of air quality sensors, and became part of AMETEK’s Electronic Instruments Group (EIG), known for its advanced analytical, test, and measurement equipment. Alphasense maintains partnerships with AST Components, CDT Sensors, CoGDEM, and Andon Electronics. The company is committed to innovation, investing significantly in research and development. In October 2018, it launched a new version of its particulate counter.

     

  • City Technology Ltd.  - City Technology Ltd., a subsidiary of Honeywell International Inc., specializes in the production of various gas sensors, including electrochemical, semiconductor, catalytic, and infrared sensors. These sensors are utilized in personal and fixed life safety systems and find extensive applications in industries such as oil & gas, healthcare, and automotive. The company operates manufacturing facilities in the UK, China, Germany, the U.S., and Taiwan, and has a presence in America, Europe, Middle East & Africa, and Asia Pacific. Its product portfolio includes sensors for measuring gases like ammonia, carbon dioxide, carbon monoxide, and hydrogen sulphide. City Technology Ltd. invests in R&D to continuously innovate; for example, in February 2018, it launched a new series of catalytic bead sensors for more stable detection and measurement of combustible gas. It has also developed heat-resistant sensors for sulphur dioxide and oxygen.

     

  • Dynament Ltd.  - Dynament Ltd., a manufacturer of gas sensors, caters to industries like oil & gas, automotive, and mining. It distributes its products to around 40 countries globally. The company’s offerings are divided into four categories: gas sensors, development kits, OEM circuit boards, and configuration units. Its gas sensors can detect a variety of gases, including butane, carbon dioxide, methane/CO2, ethane, ethanol, ethylene, ethylene oxide, hexane, methane, methyl bromide, nitrous oxide, pentane, propane, propene, propylene, and others. Dynament Ltd. focuses on R&D to develop new platforms and invests in cutting-edge technologies to minimize sensor size and optimize power consumption. The company holds over 15 patents for its sensor development and uses patented miniature IR gas sensing technology in its production process. Its investment in R&D has led to the development of innovative products, such as the new low power platinum gas sensors.

     

  • Figaro Engineering Inc.  - Figaro Engineering Inc., a Japanese firm, specializes in the production, development, and marketing of gas sensors and gas detection equipment. In July 2016, it became partially owned by New Cosmos Electric Co. Figaro’s gas sensors are utilized in various applications, including safety, control systems, and instrumentation in residential, commercial, and industrial sectors. The company operates in North America, Latin America, Europe, the Middle East & Africa, and Asia Pacific. It has a broad distribution network with over 40 distributors, including Unitronic GmbH, Avnet Abacus, Elgood Oy, Omni Sensors and Transmitters Ltd., Tecnosens S.p.A., AE Sensors B.V., and Monolitic, S.A. Figaro is committed to innovation, with its R&D initiatives focused on new product development. Notably, it launched new halocarbon and oxygen sensors in August and April 2017.

     

  • Membrapor  - Membrapor, a leading company in the gas sensor industry, manufactures a wide range of sensors used in various applications such as personal safety monitors, fixed-point detection systems, flue gas analyzers, and breath checkers. The company’s primary focus is on the development of electrochemical gas sensors and gas dispersion anodes. These sensors are designed for use in mechanical gas detection monitors, stack gas analyzers, and environmental monitoring instruments. In line with sustainability efforts, Membrapor recycles used sensors. All their sensors adhere to the RoHS directive 2011/65/EG. The company’s significant investment in research and development has led to the creation of innovative sensors. Membrapor has launched sensors for ethylene, oxygen, and hydrogen sulphide in May 2019, February 2019, and January 2018 respectively. This demonstrates the company’s commitment to continuous innovation in the field of gas sensor technology.

     

  • Nemoto & Co. Ltd  - Nemoto & Co. Ltd., a renowned manufacturer and supplier of phosphorescent pigments, gas sensors, and surface treatment products for electronics, has a global presence with 16 offices across Europe and Asia Pacific. The company operates through five key business segments: Watches, Functional Materials, Gas Sensors, Life Sciences, and Chemical Plating. The company’s portfolio includes 11 subsidiaries such as Nemoto Sensor Engineering Co., Ltd., Nemoto Science Co., Ltd., and Nemoto Precision Co., Ltd., among others. Nemoto & Co. Ltd. offers a diverse range of gas sensors including catalytic, electrochemical, thermally conductive, polymer resistance, and ionization sensors. The company places a strong emphasis on new product development to maintain a competitive edge in the market. Their R&D activities have led to the launch of innovative products like the Portable CO detection alarm device - NDP-CO1A in April 2018, which raises an alarm upon detecting a specific concentration of carbon monoxide. In addition, they launched a new carbon monoxide gas sensor - Exhalation CO monitor BC-711 M, a compact and lightweight device, particularly useful for healthcare applications.

     

  • GfG Gas Detection UK Ltd.  - GfG Gas Detection UK Ltd. is a leading manufacturer of robust, high-quality gas sensors, detection systems, and warning systems. The company produces a comprehensive range of fixed gas measuring systems and portable gas monitors that can detect and measure a variety of gases. Their offerings encompass equipment sales, instrument hire, service & calibration, and maintenance contracts. The equipment sales include portable gas detection, fixed gas detection, calibration/bump test gas, and custom systems. GfG caters to a wide array of industries such as gas, coal & steel, automotive, water & sewage treatment, chemical and petrochemicals, and food. Their products are also extensively used by fire brigades. GfG has manufacturing facilities in South Africa, Germany, Switzerland, and the U.S. GfG Europe’s sales and support centers are strategically located across the UK, Poland, Austria, and Singapore, ensuring a global presence and reach. 

     

  • Robert Bosch GmbH  - Robert Bosch GmbH is a worldwide provider of consumer goods, automotive, building, and IT products. It caters to diverse sectors such as oil & energy, minerals & mining, construction, and transportation & logistics. With offices in over 60 countries, it operates through four business segments: Industrial Technology, Energy & Building Technology, Mobility Solutions, and Consumer Goods. Bosch Sensotec GmbH, a subsidiary, provides gas sensors under the Mobility Solutions segment. The company manufactures oxygen sensors in Anderson, South California, sold under the Bosch brand. Bosch is committed to R&D, with expenses amounting to USD 7.1 billion. As of 2018, over 68,700 employees worked at its R&D center. In December 2018, Bosch opened a new R&D facility focusing on connected manufacturing and mobility solutions. This has resulted in over 5,000 patents in innovation. One such innovation is an IoT-enabled wearable sensor for monitoring temperature, air quality, and humidity. Bosch also emphasizes collaborations. In November 2018, it partnered with Astrobotic Technology Inc. to provide the SoundSee sensor system for space exploration.

     

  • ABB Ltd.  - ABB Ltd., a NYSE-listed company, specializes in manufacturing power and automation products like motors, generators, robotics, and more. It operates globally, including Asia Pacific, Europe, and North America, through direct sales and third-party partners. Its major subsidiaries include Thomas & Betts Power Solutions LLC, Gomtec, SVIA Automation Solutions, B&R, and GE Industrial Solutions. ABB’s business is divided into four divisions: Electrification, Motion, Process Automation, and Robotics & Discrete Automation. The Electrification segment provides gas sensors. ABB emphasizes technological advancement through R&D. In 2016, it launched a new Busch-CO2 sensor that measures CO2 concentration, humidity, air pressure, and temperature. To expand its market share, ABB focuses on mergers and acquisitions. It acquired Los Gatos Research, a leading manufacturer of laser-based gas analyzers, extending its portfolio and market share.

     

  • Siemens  - Siemens, a global company, provides power and energy solutions to the energy and power industry. It develops fossil fuel-based products and technologies used in power plants and power generating components. Its offerings include steam turbines, gas turbines, generators, fans, compressors, and more. Siemens serves various industries such as oil & gas, chemicals, manufacturing, food & beverage, textiles, and marine. It has manufacturing and distribution centers across North America, Europe, Latin America, Asia Pacific, and the Middle East. Its largest subsidiaries include Mendix, Mentor, Parallel Graphics Limited, Siemens Financial Services GmbH, and Dresser-Rand. The company’s business is divided into segments like Smart Infrastructure, Digital Industries, Mobility, Siemens Healthineers, and Siemens Financial Services (SFS). Siemens focuses on collaborations and partnerships to develop new technologies. Its R&D expenditure accounts for 20% of total expenses, focusing on sustainable energy and conventional power systems that minimize transmission losses. As of September 2018, the company holds over 65,000 patents in innovation. In addition to gas sensors, Siemens manufactures turbines, generators, fuel cells, turbochargers, fans, and compressors.

Value chain-based sizing & forecasting

Supply Side Estimates

  • Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

  • Segment revenue determination via variable analysis and penetration modeling.

  • Competitive benchmarking to identify market leaders and their collective revenue shares.

  • Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

  • Identifying parent markets and ancillary markets

  • Segment penetration analysis to obtain pertinent

  • revenue/volume

  • Heuristic forecasting with the help of subject matter experts

  • Forecasting via variable analysis

Gas Sensor Market Report Objectives:

  • Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

  • Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

  • Understanding market estimates and forecasts (with the base year as 2022, historic information from 2017 to 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Gas Sensor Market Report Assumptions:

  • The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

  • The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

  • We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

  • All market estimates and forecasts have been validated through primary interviews with the key industry participants.

  • Inflation has not been accounted for to estimate and forecast the market.

  • Numbers may not add up due to rounding off.

  • Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

  • Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

  • Latin America includes Central American countries and the South American continent

  • Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

  • Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

  • Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.

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