Industrial Gas Sensors Market,by Product Type (Oxygen, Carbon Dioxide, Others), Technology (Electrochemical, Semiconductor, Infrared, Photoionization Detector (PID)), End-Use Industry (Chemical and Petrochemical Industry, Oil and Gas Industry, Metal Industry), and Region (North America, Europe, Asia-Pacific, and the Rest of the World).
Industrial Gas Sensors Market, by Product Type (Oxygen, Carbon Dioxide, Others), Technology (Electrochemical, Semiconductor, Infrared, Photoionization Detector (PID)), End-Use Industry (Chemical and Petrochemical Industry, Oil and Gas Industry, Metal Industry), and Region ...
"The global industrial gas sensors market is projected to grow from USD 961.3 million in 2020 to USD 1,384.2 million by 2026 at a CAGR of around 6.4% during the forecast period."
Gas sensors are defined as transducers that convert a non-electrical quantity into an electrical signal. These sensors are used to detect the presence or concentration of gases in the atmosphere. Gas sensors are primarily used to detect toxic or explosive gasses and measure gas concentration. Based on product type, the gas sensors can be categorized as oxygen, carbon dioxide, and others.
Industrial Gas Sensors MarketReport Overview
Market Size in 2026
USD 1,384.2 million
Market Size in 2020
USD 961.3 million
Market Growth (2021-2026)
CAGR of 6.4%
Base Year of Study
2020
Trend Period
2016-2019
Forecast Period
2021-2026
Key Players
Key players operating in the Industrial Gas Sensors market are-
The growth of the industrial gas sensors market is primarily driven by:
Increasing product use in the chemical, oil & gas, and mining industries.
The rapid growth of the chemical and petrochemical industry to meet the growing demand for chemicals from numerous end-use industries is likely to drive market growth at a significant rate during the review period.
Increasing 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 impacted the growth of the industrial gas sensors market negatively. The spread of coronavirus led to the enforcement of lockdown to curb the spread of the virus. This led to travel restrictions and supply chain disruptions, which in turn affected the product supply and demand for a short period.
"The chemical and petrochemical segment accounted for the largest market share."
The industrial gas sensors market has been bifurcated into the chemical and petrochemical industry, the oil and gas industry, and the metal industry. The chemical and petrochemical 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 chemical and petrochemical industries in developing countries.
Regional Analysis
"Asia-Pacific accounted for the largest market share."
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 presence of established end-use industries such as chemical & petrochemical and oil & gas coupled with rising environmental regulations. The market in North America is expected to be driven by rising demand for industrial gas sensors in developing countries with expanding industrialization, particularly in China and India.
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Report Features
This report provides market intelligence in the most comprehensive way. 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.
Key questions this report answers
Relevant contents in the report
How big is the sales opportunity?
In-depth analysis of the Industrial Gas Sensors Market
How lucrative is the future?
Market forecast and trend data and emerging trends
Which regions offer the best sales opportunities?
Global, regional and country level historical data and forecasts
Which are the most attractive market segments?
Market segment analysis and forecast
Which are the top players and their market positioning?
Porter’s five forces analysis, PEST analysis, Life cycle analysis
What are the factors affecting the market?
Drivers & challenges
Will I get the information on my specific requirement?
10% free customization
Research Methodology
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 1,000 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 market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
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Company Profiling
Detailed profiling of additional market players (up to three players)
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Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.
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Gas sensors are defined as transducers that convert a non-electrical quantity into an electrical signal. These sensors are used to detect the presence or concentration of gases in the atmosphere. Gas sensors are primarily used to detect toxic or explosive gasses and measure gas concentration. Based on product type, the gas sensors can be categorized as oxygen, carbon dioxide, and others.
Figaro Engineering Inc. (Japan), ABB Ltd (Switzerland), Aeroqual (New Zealand), Dynament Ltd (UK), Eurogas (Belgium), Pewatron AG (Switzerland), Robert Bosch GmbH (Germany), Siemens AG (Germany), Cubic Sensor and Instrument Co,Ltd. (China), MWC Water Controls (China) and Monicon Technology (Ireland) are among the key players in the market.
