Gas Sensor Market Size, Share & Trends Analysis Report By Product (Oxygen/Lambda Sensor, Carbon Dioxide Sensor), By Type (Wired, Wireless), By Technology, By End Use, By Region, And Segment Forecasts, 2021 - 2028

Report Overview

The global gas sensor market size was valued at USD 2.33 billion in 2020. It is expected to expand a compound annual growth rate (CAGR) of 8.7% from 2021 to 2028. The growing need to monitor air quality in enclosed spaces, such as offices, homes, classrooms, and other indoor areas, is expected to drive the growth of the market over the forecast period. The growing demand for sensors that can be easily powered using a solar panel, a small battery, and other energy sources from the Demand Control Ventilation industry is expected to contribute to the growth of the market. The need to curb air pollution in the wake of the rising emissions of harmful gases from critical industries also bodes well for the growth of the market.

In smart cities, IoT based wireless gas sensors can be used to detect air pollution levels and preemptive fire conditions and to monitor the combustion of gases, among other purposes. Through IoT gas sensors air quality information can be intensively collected, analyzed, and shared on a real-time basis, which will eventually contribute to healthier smart cities. According to the statistics provided by the SmartCitiesWorld, a publishing company, in 2020, smart city spending experienced an increase of 20% as compared to the previous year's investments. The smart city spending was highest in Singapore, which was further followed by the U.S. and Japan. Aggressive investments in smart city projects worldwide bode well for the growth of the market as the air quality equipment are integrated with a various smart pole.

Advances in technology are allowing vendors to develop smart gas sensors. For instance, AerNos, Inc. introduced and demonstrated new, nano gas sensor products at CES 2020. These nano gas sensors would be deployed in smart home and smart city projects being pursued in various regions, including North America, Europe, and Asia Pacific. The continued development of smart gas sensors is expected to open new opportunities in the market over the forecast period.

Stringent laws and regulations requiring the deployment of gas detectors are expected to drive the growth of the market over the forecast period. For instance, in the U.S., concerns over carbon monoxide poisoning have prompted the government to enact statutes regarding the deployment of carbon monoxide detectors across various states in the U.S. As such, school buildings in the U.S. states, such as Connecticut, California, Maryland, Illinois, and Maine, are required to have carbon monoxide detectors. Similarly, carbon monoxide gas sensors are required in private dwellings in the district of Washington Dc. Regulatory requirements mandating the installation of different types of gas sensors are expected to trigger the demand for gas sensors over the forecast period.

New sensor technologies, such as miniaturized Photo Ionization Detectors (PIDs) for measurement, Non-dispersive Infrared (NDIR) sensors for CO2 or combustible gas, and additional types of substance-specific electrochemical sensors, are available for incorporation into multi-sensor portable instruments. The desire for continuous and real-time monitoring is driving the market in miniaturization, networking/communication, power management, and reliability. Currently, indoor and outdoor air quality concerns are driving the application in commercial building automation as well as in environmental monitoring. Most sensors used in industrial applications are expensive and the package size is too large. Thus, the need for less expensive and compact size products is expected to drive the market.

The outbreak of the COVID 19 pandemic is expected to create growth opportunities for the market. Gas sensors can be typically used in indoor environments for assessing the risks of coronavirus transmission. On the other hand, technical issues and installation in harsh environments often affect the average lifespan of gas sensors. The shorter lifespan of gas sensors can potentially restrain the growth of the market over the forecast period.

Product Insights

The carbon dioxide gas sensor segment dominated the market in 2020 and accounted for a share of more than 31.0% of the global revenue. Carbon dioxide sensors are mainly used for monitoring indoor air quality in schools, office buildings, homes, and hospitals. Given that excessive exposure to carbon dioxide can induce health conditions, such as headache, and restlessness, among others, the demand for carbon dioxide sensors is rising significantly. Carbon dioxide sensors are also used for real-time monitoring of freshness, quality, and safety of agricultural products.

The carbon monoxide sensor segment is anticipated to register significant growth over the forecast period. Fatalities stemming from carbon monoxide poisoning are driving the need for carbon monoxide sensors. According to the statistics provided by PubMed.gov, carbon monoxide poisoning resulted in 4.6 deaths per million in 2020. Developed countries, such as the U.S., are also confronting incidents related to carbon monoxide poisoning. According to the statistics provided by BMC Public Health, the U.S. witnessed 50,000 cases of carbon monoxide poisoning in 2019.

Type Insights

The wired segment dominated the gas sensor market in 2020 accounted for a share of more than 55% of the global revenue. The growth can be attributed to the benefits, such as compact size, low cost, low maintenance, and higher accuracy. In many situations, wired sensors are among the most reliable systems as they directly link the sensor to the device receiving the input, making them suitable for use in mines, oil rigs, and nuclear power plants. Furthermore, since infrared gas sensors have short battery life and use thermal sources, such as tungsten filament to work, they usually require hard-wired installation. Additionally, the increasing adoption of wired gas sensors in residential applications is a significant factor responsible for the segment growth.

The benefits offered by wireless gas sensors, such as enhanced safety, cost-effectiveness, and ease of portability, are expected to drive the growth of the segment. Wireless sensors can be used for various applications, such as emergency response, and leak detection, among others, for industrial safety. Wireless gas sensors can also be integrated with GPS and alarms to trigger alerts for workers in advance.

Technology Insights

The electrochemical segment dominated the market in 2020 and accounted for a share of more than 21.0% of the global revenue. The demand for electrochemical sensors is rising as these sensors have intrinsically safer operations, consume lesser power, and offer better specificity to the target gas. Regulations drafted by the U.S. Occupational Safety and Health Administration on the exposure of toxic gas fumes are particularly triggering the need for gas sensors. The ability of electrochemical sensors to detect harmful gases, and landfill gases, among other gases also bodes well for the growth of the segment.

The infrared segment is anticipated to register the fastest CAGR over the forecast period. An infrared detector consists of a source of infrared light; an optical, infrared receiver; and an optical filter to select the wavelength. These gas sensors are used for detecting combustible hydrocarbon gases using infrared light. The growth of the segment can also be attributed to the rising levels of pollution across the globe.

End-use Insights

The industrial segment dominated the market in 2020 and accounted for a share of more than 20.0% of the global revenue. Industrial gas sensors are used for monitoring and detecting hazardous vapors and gases, and triggering visual and audible alarms. The Clean Air Act monitored by Environment Protection Agency creates the demand for gas sensors among the industries. The Clean Air Act requires states to establish a network of air monitoring stations using criteria set by EPA. Stringent rules and regulations drafted by various governments across the world to ensure cleaner ambient air are expected to drive the growth of the segment over the forecast period.

The petrochemicals segment is anticipated to register the fastest CAGR over the forecast period. The LPG and LNG industry verticals have been aggressively deploying gas sensors as these industry verticals require monitoring at every step of storage, production, and transportation of gas. While natural gas production has been growing worldwide, the emphasis on safety and security at the processing facilities has also been equally strengthening. The continued growth in natural gas products is expected to drive the growth of the segment.

Regional Insights

The Asia Pacific dominated the market in 2020 and accounted for a share of over 31.0% of the global revenue. Increasing awareness about the impact of air pollutants on human health across the countries in Asia Pacific, such as India and China, are driving the demand for gas sensors for air quality monitoring. Continued urbanization in the region is also contributing to the rising demand for gas sensors. According to the statistics provided by the United Nations Department of Economic and Social Affairs, the world population is expected to add 2.5 billion people to urban areas by 2050, with close to 90% of this increase is expected to come from Asia and African countries. Thus, the increasing urban population leads to air pollution and thereby drives the need for gas sensors in coming years.

Europe is expected to witness steady growth over the forecast period. Stringent norms related to the emissions of gases and the subsequent need for emissions monitoring is expected to drive the growth of the regional market. For instance, in October 2020, the European Union announced that it is considering binding standards for natural gas to limit the emission of methane. Methane happens to be the second-largest gas after carbon dioxide contributing to global warming.

Key Companies & Market Share Insights

The market is fragmented in nature. Market players are pursuing various strategies such as mergers and acquisitions, new product launches, and strategic partnerships, among others, for expanding their market presence. Market players are also investing aggressively in R&D for enhancing their product offerings. Benefits associated with wireless devices are prompting market players to mainly provide wireless gas sensors.

Vendors are also focusing on expanding their product offerings. For instance, in July 2018, Siemens launched its new product, City Air Management (CyAM), a cloud-based software suite. The product consists of a dashboard that displays real-time information on the air quality detected by the sensors across the city. The company is particularly targeting smart city projects focusing on air quality management systems. Some of the prominent players operating in the gas sensor market include:

• ABB

• AlphaSense Inc.

• City Technology Ltd.

• Dynament

• Figaro Engineering Inc.

• Membrapor

• Nemoto & Co. Ltd.

• Robert Bosch LLC

• Siemens

• GfG Gas Detection UK Ltd.

• FLIR Systems, Inc.

Gas Sensor Market Report Scope

Segments Covered in the Report

The report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2028. For this study, Grand View Research has segmented the global gas sensor market report based on product, type, technology, end use, and region:

• Product Outlook (Volume, Million Units; Revenue, USD Million, 2016 - 2028)

  • Oxygen (O2)/Lambda Sensors

  • Carbon Dioxide (CO2) Sensors

  • Carbon Monoxide (CO) Sensors

  • Nitrogen Oxide (NOx) Sensors

  • Methyl Mercaptan Sensors

  • Others (Hydrogen, Ammonia, Hydrogen Sulfide)

• Type Outlook (Revenue, USD Million, 2016 - 2028)

  • Wireless

  • Wired

• Technology Outlook (Revenue, USD Million, 2016 - 2028)

  • Electrochemical

  • Semiconductor

  • Solid State/MOS

  • Photo-Ionization Detector (PID)

  • Catalytic

  • Infrared (IR)

  • Others

• End-use Outlook (Volume, Million Units; Revenue, USD Million, 2016 - 2028)

  • Medical

  • Building Automation & Domestic Appliances

  • Environmental

  • Petrochemical

  • Automotive

  • Industrial

  • Agriculture

  • Others

• Regional Outlook (Volume, Million Units; Revenue, USD Million, 2016 - 2028)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • U.K.

    • Germany

  • Asia Pacific

    • China

    • India

    • Japan

  • South America

    • Brazil

  • Middle East & Africa