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Global <strong>Gas</strong> <strong>Sensors</strong> <strong>Market</strong> to grow at 7% CAGR from 2017<br />
to 2024: Fractovia.org<br />
The recent years have witnessed gas sensor market observing a paradigm shift in their<br />
application spectrum. Conventionally constrained to be deployed in industrial leak detection<br />
systems and carbon dioxide alarms, gas sensor, as on today, are being utilized for a plethora<br />
of other domains – right from automotive and petrochemical to the emerging ones such as<br />
consumer electronics and medical. One of the most pivotal reasons responsible for myriad<br />
innovations in gas sensors industry is the emergence of the smart era. Companies have been<br />
brainstorming advancements left right and center, to manufacture gas sensor for smart homes<br />
and cities.<br />
Recently for instance, Sensirion AG, a renowned flow sensor solution provider partaking in<br />
gas sensors market share, launched the SGP gas sensors at the Measurement Fair held at<br />
Nuremberg. Reportedly, it is the first stable metal-oxide gas sensor that has been designed to<br />
integrate four gas detecting elements into a rather miniature DFN package encompassing a<br />
calibrated air quality output signal. Endowed with the features of multi-pixel technology and<br />
long-term stability, the SGP sensor has been touted to create waves of anticipation in gas<br />
sensors industry. Furthermore, experts forecast that the product would generate lucrative<br />
avenues for gas sensor market across smart appliances, smart homes, and other IoT<br />
applications.<br />
The design aspect of the SGP sensor has brought forth another vital pointer influencing gas<br />
sensors market outlook – the rapidly rising trend of electronic device miniaturization. This<br />
dynamic change in the electronics domain in tandem with the robust requirement of cost<br />
reduction has led to the development of environmental monitoring systems that are inclusive<br />
of gas sensors. Accordingly, with the rise in the demand for such systems, the demand for<br />
sensors is also expected to surge, thereby carving out a positive growth path for gas sensor<br />
industry. These products offer a barrage of benefits, such as high robustness, simple<br />
production mechanism, high spatial coverage, and an easy-to-understand interface, and help<br />
effectively measure the pollutant level in the atmosphere. On these grounds, they are<br />
extensive deployed across significant end-use domains, leading to a substantial upsurge in<br />
gas sensor market share.<br />
A substantially sizable proportion of businesses are being governed by the stringent laws<br />
centered around environmental safety. With pollution being one of the leading causes of<br />
ecological imbalance, regional governments and globally authorized bodies have mandated<br />
norms that industries have to adhere to. <strong>Gas</strong> sensor, with their exceptional ability to monitor<br />
pollutant levels and maintain air quality, are the go-to devices for reducing the impact of<br />
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pollution on the environment, owing to which they are liberally used in environmental<br />
monitoring systems. Some of the key participants in gas sensors industry have even been<br />
observed to have taken note of the advantages these sensors offer over traditional reference<br />
equipment and environmental modelling techniques, and in accordance to the same, have<br />
come up with a range of products targeted specifically toward proving beneficial for the<br />
environmental domain.<br />
AerNos for example, has recently come up with a miniature version of a highly accurate nano<br />
gas sensor that has been designed to detect harmful gases to parts per billion and to be<br />
incorporated with connected devices finding their way into smart cities. The sensor, called<br />
AerSCAP, has been configured to be integrated into parking systems, street lights, traffic<br />
lights, public transportation systems, surveillance systems, and other smart city assets, and is<br />
slated to dynamically transform gas sensor market trends.<br />
U.S. gas sensors market size, by application, 2016 & 2024 (USD Million)<br />
<strong>Gas</strong> sensor are likely to be used in numerous devices such as smartphones, refrigerators,<br />
tablets, and wearables to detect carbon dioxide and VOCs. In fact, lately sensors are being<br />
widely used in smart appliances for freshness maintenance and food spoilage detection.<br />
Companies have been striving to brainstorm a range of products such as connected<br />
refrigerators that will protect consumers from potential health hazards arising from pesticide<br />
residues and foul-smelling meals. The commercialization scope of gas sensors market thus,<br />
is likely to depict a surge on account of the product deployment in consumer electronics.<br />
Recently, a team of scientists came up with a low-power, chemical-sensitive field-effect<br />
transistor (CS-FET) designed to operate at room temperature. Highly sensitive but configured<br />
to consume less power, the FET-based gas sensor have the ability to detect a variety of gases<br />
in the atmosphere. This move validates the efforts undertaken by gas sensor market giants in<br />
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R&D activities to develop portable air-quality monitoring devices that can be embedded into<br />
consumer electronics devices such as smartphones and tablets. While the work on expanding<br />
the scope of this platform to personal electronics is still underway, it is unquestionable that the<br />
product would most certainly transform gas sensor industry outlook from the consumer<br />
electronics sector.<br />
The emergence of smart cities has been predicted to lead to transformational shift of sorts in<br />
gas sensor market, as these products help monitor air pollution levels, climate gases, upgrade<br />
aging infrastructure, and provide security – four primary aspects that significantly enable the<br />
evolution of smart cities. A report by a leading research firm claims global smart cities market<br />
to cross an approximate valuation of USD 1.5 trillion by 2020. Thus, the rising efforts toward<br />
constructing smart cities will turn out to be principal driving force behind the growth of gas<br />
sensor industry, as these initiatives would demand the deployment of advanced sensors for<br />
GHG emission reduction, pollution detection at the granular level, chemical system detection<br />
for security, etc. Supported by an increasingly stringent regulatory framework toward<br />
environmental safety and worker safety at factories, in conjunction with the robustly prevalent<br />
trends of connected consumer electronics appliances and smart city development, gas<br />
sensors market size has been forecast to register a valuation of USD 2.8 billion by 2024.<br />
Browse key industry insights spread across 220 pages with 212 market data tables & 20<br />
figures & charts from the report, “<strong>Gas</strong> <strong>Sensors</strong> <strong>Market</strong> Size By Technology<br />
(Electrochemical, Semiconductor, PID, Solid State, Catalytic, Infrared), By Product<br />
(Oxygen, Carbon Dioxide, NOx, Carbon Monoxide), By Application (Consumer<br />
Electronics, Medical, Environmental, Petrochemical, Automotive, Industrial), Industry<br />
Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Russia,<br />
China, India, Japan, Australia, Brazil, Mexico, Saudi Arabia, UAE, South Africa),<br />
Application Potential, Price Trend, Competitive <strong>Market</strong> Share & Forecast, 2017 – 2024”<br />
in detail along with the table of contents:<br />
https://www.fractovia.org/news/industry-research-report/gas-sensors-market<br />
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Industry Coverage<br />
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