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Gas Sensors Market Outlook, Size, Opportunities, Challenges, Trends and Growth by 2023
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The use of wireless gas sensor is one of the remarkable trends in the market, since wireless gas sensors offer installation, performance, and cost benefits over its conventional counterparts. On the basis of various end users, the global gas sensor market can be broadly classified, as medical, environmental, building automation & domestic appliances, automotive, petrochemical, industrial and others.
Industrial segment accounted for the largest usage of gas sensors.The segment is also expected to retain its dominance, during the forecast period. Government regulations towards occupational health hazards, along with the safety and security of workers, are likely to be the major driving factors of this segment.
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Asia Pacific accounted for the largest gas sensors market in 2014, whose dominance is attributed to the industry automation and technological advancement. The increasing demand from integrated handheld products has also encouraged the growth of the gas sensor market. Moreover, numerous government legislations, such as the industrial Safety, Health and Welfare at Work Act, are expected to expand the market, during the forecast period. Stringent emission control standards in Europe are one of the major drivers of the gas sensor market in the region. Japan, China, India, U.S., Canada, U.K., Germany, Italy, France, Spain, and Brazil, are the major gas sensor markets globally.
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Some of the competitors in the gas sensors market are Aeroqual Ltd., ABB Ltd., Alphanese Dragerwerk AG & Co. KGaA, City Technology Ltd., Figaro Engineering Inc., Dynament Ltd., Membrapor AG, GfG Europe Ltd., Robert Bosch LLC, NGK Insulators Ltd., Nemoto & Co. Ltd., Yokogawa Electric Corporation., Trolex Ltd., Siemens AG, and Trolex Ltd.
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