Gas Sensors Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
The Business Research Company’s Gas Sensors Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
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LONDON, GREATER LONDON, UNITED KINGDOM, September 27, 2024 /EINPresswire.com/ — The gas sensors market has experienced robust growth in recent years, expanding from $2.16 billion in 2023 to $2.38 billion in 2024 at a compound annual growth rate (CAGR) of 10.4%. The growth in the historic period can be attributed to environmental concerns and regulations, growing industrialization, consumer electronics integration, healthcare applications, automotive emission control, rise in oil & gas exploration.
What Is The Estimated Market Size Of The Global Gas Sensors Market And Its Annual Growth Rate?
The gas sensors market is projected to continue its strong growth, reaching $3.47 billion in 2028 at a compound annual growth rate (CAGR) of 9.9%. The growth in the forecast period can be attributed to stringent environmental regulations, rising industrial automation, continued expansion in oil & gas industry, healthcare sector growth, automotive industry demand.
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Growth Driver Of The Gas Sensors Market
The growing air pollution is expected to propel the growth of the gas sensor market going forward. Air pollution refers to the presence of harmful substances in the air that can have negative impacts on human health and the environment. These substances include particulate matter, ozone, nitrogen oxides, sulfur dioxide, and other chemicals and particles that are released into the air. Gas sensors are devices that are used to detect the presence and concentration of certain gases in the air. They can also be used to detect gas leaks and help prevent dangerous situations.
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Which Market Players Are Steering the Gas Sensors Market Growth?
Key players in the market include Honeywell International Inc., Amphenol Corporation, Figaro Engineering Inc., Dynament, Membrapor AG, Nemoto & Co. Ltd., Robert Bosch GmbH, Sensirion AG, Asea Brown Boveri Ltd., Teledyne FLIR LLC, Siemens AG, City Technology Ltd., GfG Gas Detection UK Ltd., Senseair, Gastec Corporation, austriamicrosystems AG, AlphaSense Inc., NevadaNano, MicroSensor Corporation, Dryad, Pendar Technologies, Alphasense Ltd., Aeroqual Ltd., Kapitalgesellschaft, Winsen Electronics Technology Co. Ltd., MSA Safety Incorporated, Cubic Sensor and Instrument Co. Ltd., FIGARO Engineering Inc., Entertainment Support Personnel Corporation, Yokogawa Electric Corporation .
What Are the Dominant Trends in Gas Sensors Market Overview?
Major companies operating in the gas sensor market are focused on the integration of new technologies, such as Micro-Electro-Mechanical Systems (MEMS) technology, to strengthen their position in the market. A micro-electromechanical system (MEMS) is a small device with electronic and mechanical components that move through microscopic sensors, actuators, and transducers.
How Is The Global Gas Sensors Market Segmented?
1) By Gas Type: Carbon Monoxide, Methane, Hydrogen, Ammonia, Oxygen, Other Gas Types
2) By Technology: Infrared Gas Sensor, Photo Ionization Sensors, Electrochemical Gas Sensors, Thermal Conductivity Gas Sensors, Metal Oxide-Based Gas Sensor, Catalytic Gas Sensor, Other Technologies
3) By End Use: Defense And Military, Healthcare, Consumer Electronics, Automotive And Transportation, Industrial, Other End Users
Geographical Insights: Asia-Pacific Leading The Gas Sensors Market
Asia-Pacific was the largest region in the market in 2023. The regions covered in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Gas Sensors Market Definition
Gas sensors detect the concentration and presence of a wide range of hazardous gases and vapors, such as volatile organic compounds (VOCs), humidity, and odors. It is crucial for the effective detection and monitoring of dangerous inert gases in a variety of sectors.
Gas Sensors Global Market Report 2024 from TBRC covers the following information:
• Market size data for the forecast period: Historical and Future
• Macroeconomic factors affecting the market in the short and long run
• Analysis of the macro and micro economic factors that have affected the market in the past five years
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
An overview of the global gas sensors market report covering trends, opportunities, strategies, and more
The Gas Sensors Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on gas sensors market size, gas sensors market drivers and trends, gas sensors market major players and gas sensors market growth across geographies. This market report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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Originally published at https://www.einpresswire.com/article/746674458/global-gas-sensors-market-size-share-and-growth-analysis-for-2024-2033
