Industrial Gas Sensors Market Report

The Industrial Gas Sensors Market is estimated to witness significant growth in the forthcoming years, mainly because of the widespread application of Gas Sensors across varied industrial sectors. Combustible and toxic gases are a part of industrial processes, hence they can pose a threat to human, property, and productivity. This is where the role of an Industrial Gas Sensor comes into play. Industrial Gas Sensors can monitor and detect hazardous gases and vapors, and generate alarms to alert personnel regarding the dangers.

For instance, in the mid 2019, NevadaNano, one of the key companies in the US, announced the release of the new MPS Family of Gas Sensors. These sensors can accurately detect and categorize methane, flammable, and LGW refrigerant gas with the help of a single calibration.

Government Regulations on Worker’s Safety to Drive the Adoption of Industrial Gas Sensors

Stringent regulations by the government to ensure the safety of the workers is one of the key reasons behind the robust adoption of the Industrial Gas Sensors. Advancements in sensor technologies, such as Nano gas sensing technology, are anticipated to positively impact the growth of the Industrial Gas Sensors market. Surge in the number of industrial gas induced accidents is increasing the need among the industries to invest in the industrial gas sensors.

Market Players to Introduce Innovative Industrial Gas Sensors in Near Future

The report has outlined the activities of the key Industrial Gas Sensor manufacturers including Bosch Sensortec GmbH, City Technology Ltd., Aeroqual Ltd., DENSO Europe B.V., Alphasense, Figaro Engineering Inc., Nemoto Sensor Engineering Co. Ltd., NGK Spark Plug, JJS Technical Services, and Techcomp Group. The market is fragmented in nature due to presence of a number of market players.

For instance, in the early 2019, one of the key companies, Figaro Engineering Inc. announced the launch of their new digital TGS8101 IAQ sensor. The device encompasses the sensors and a mixed ASIC signal, which offers measurement information with the help of digital serial interfaces. Other key strategic tactics considered by the key vendors to stay competitive in the market include product differentiation, novel product development, collaborations, and partnerships.

Market Segmentation

By Product Type

●  Oxygen

●  Carbon Dioxide

●  NOx

●  Others

By Technology

●  Electrochemical

●  Infrared

●  Semiconductor

● Others

By End User Industry

●  Healthcare

●  Building Automation and Domestic Appliances

●  Automotive

●  Petrochemical

●  Industrial

●  Others

Demand for oxygen gas sensors is expected to increase in the medical sector in devices such as ventilators, analyzers, and oxygen monitors. The adoption of electrochemical technology is high as it has the ability to enhance indoor air quality and curb the emission of harmful gases. Analysts have predicted that the infrared technology is likely to gain traction in the years to come on account of its capability to measure various gases and fast speed of response in case of a gas leakage.

By Region

As per the market analysts, the APAC region will witness lucrative growth mainly because of technological advancements and increasing investments. Europe is also likely to emerge as a promising region as the usage of gas sensors is increasing in the automotive sector owing to increased emphasis of the government on energy-efficiency and emission control standards. Various agencies are also promoting the application of gas detection devices at workplace in the US, thus stimulating growth in North America.

The machinery and equipment sector is always undergoing changes with evolution in technology. Machinery and equipment include a wide range of products for various applications. Players are constantly striving to bring in innovation for efficiency and to remain relevant in the cutthroat competition. QYR Consulting brings to its readers reports ranging from heavy trucks to automated teller machines. These reports have been written after a careful analysis of the growth of the market over decades and by taking into account its trajectory.

The titles below discuss opportunities, threats, strengths, and restraints present in the machinery and equipment sector. Our dedicated team of analysts have compiled key statistics that define the trends so far and highlight the key areas of development. The collection of reports track the potential areas for investments and the upcoming trends, which could be the defining moments for the industry.