MEMS Gas Sensor Market Report

Market Insights

"The global MEMS gas sensor market is projected to grow from USD 151.9 billion in 2020 to USD 217.2 billion by 2026 at a CAGR of around 6.3% during the forecast period."

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Gas sensors are defined as devices that detect the presence of a gaseous analyte by changing the physical parameters of the sensor and are monitored by an external device. MEMS-based gas sensors offer various advantages such as low power consumption, robust and stable electrical properties. MEMS gas sensors comprise three main components including interdigitated electrodes, micro-heater, and sensing film.

The growth of the MEMS gas sensor market is primarily driven by widespread use in the chemical, oil & gas, and mining industries. The growing chemicals industry coupled with increasing demand for chemicals across verticals is likely to drive the growth of the global MEMS gas sensor market at a significant rate during the review period. In addition to this, rising demand for advanced gas sensors is likely to create lucrative opportunities for the players operating in the global market in the coming years.

COVID-19 Impact

The COVID-19 outbreak posed significant challenges across verticals worldwide. It impacted the growth of the MEMS gas sensor market negatively as the imposition of a complete lockdown and restrictions on trade affected the supply of the product for a short period.

Segment Analysis

Application Trends

"The chemicals segment accounted for the largest market share."

By application, the MEMS gas sensor market has been bifurcated into chemical & oil, mining, environmental, civil gas safety, and others. Under these, the chemicals segment accounted for the largest market share in 2020 and is projected to register significant growth during the review period. The segment growth can be attributed to the significant growth of the chemicals industry in developing countries.

Regional Insights

"Asia-Pacific accounted for the largest market share."

By region, the market in Asia-Pacific accounted for the largest market share in 2020 and is projected to grow at a significant CAGR during the assessment period. The regional growth can be attributed to the increasing growth of the chemicals, oil & gas, and mining industries particularly in developing countries such as India and China. The market growth in the North American region is expected to be driven by the presence of established end-use industries and key market players such as KWJ Engineering Inc. (US).

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Key Players

Key players operating in the MEMS Gas Sensor market are:

• KWJ Engineering Inc. (US)
• Figaro Engineering Inc. (Japan)
• SGX Sensortec (Switzerland)
• Zhengzhou Winsen Electronics Technology Co., Ltd. (China)
• ams AG (Austria)
• Omron Corporation (Japan)
• K-Free Wireless Ltd (China).

Note: The above list does not necessarily include all the top players in the market.

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Report Features

This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

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Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s MEMS gas sensors market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Options

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.