Market Dynamics
Global Gas Sensor Market Drivers:
Development of Gas Sensors for HVAC Systems
By eliminating contaminants from the surroundings through adequate ventilation and pressurization, HVAC systems produce fresh indoor air. These systems are used in refineries, oil and gas, and other industries. These industries use methods that move poisonous or flammable materials. Therefore, gas sensors are being utilized increasingly in HVAC systems in all major sectors, including combustible gases and toxic elements, to detect and analyze the quantity of harmful elements in the environment. One of the essential components of the HVAC system is gas detection.
Early detection and prompt corrective action lower the risk of harmful and explosive gas releases. The HVAC system uses gas sensors to detect poisonous and flammable gases and warn staff before they reach a dangerous level. For instance, gas sensors use in HVAC systems is growing due to increased compliance with governmental laws and rising concerns about occupational health and safety, which contribute to the global market growth of gas sensors.
Global Gas Sensor Market Restraint:
High Purchase Price for Device
Although adding sensors can boost automation in electronic systems, doing so comes with an additional expense. Hence it is generally avoided in applications that are intended to be more economically viable. Although it adds some additional cost and is therefore avoided in cost-effective applications, installing sensors enables other functionality and increases the automation of the devices. Sensors cause heating problems and shorten the life of gadgets like smartphones, computers, and cameras since they contain temperature-sensitive components. Sensors, which depend on device batteries for functioning, shorten the battery life of gadgets that require batteries as their power source.
Global Gas Sensor Market Opportunities:
Growing Tendencies Toward the Internet of Things (IoT)
People are gravitating toward automation-based solutions and services in the present IT-dominated world. As a result of their cutting-edge and inventive uses, IoT-based devices are now receiving more attention. IoT is a technology that enables internet access or internetworking for practically all applications, including those used in buildings, microwaves, refrigerators, smartphones, and defense and military equipment. IoT connects all these devices to a single network via electronic software, sensors, and actuators. IoT uses various sensors, including touch, proximity, gas, and temperature.
IoT-based gas sensors make machine-to-machine (M2M) and person-to-computer (P2C) communication possible. For instance, interior and outdoor air quality are assessed using IoT gas sensors. With the help of these sensors, you can measure various gases, including nitrogen, methane, carbon monoxide, and others, with extreme accuracy.
Regional Analysis
North America Dominates the Global Market
The global gas sensor market is divided into four regions: North America, Europe, Asia-Pacific, and LAMEA.
North America is the most significant revenue contributor and is expected to grow at a CAGR of 5.90% during the forecast period. The U.S., Canada, and Mexico all study North America. The sale of fitted gas sensors is driven by the population's rising disposable income in North America. The market is growing because of developments in the energy and power sectors that allow cutting-edge technology implementation. Increasing wireless capabilities, downsizing, and improved communication capabilities are the primary trend propelling the North American gas sensor market. The incorporation of gas sensors into different machinery and devices is made possible by these properties. A number of legislative measures in North America's developed markets to promote employee occupational health and safety are anticipated to fuel market expansion throughout the projected period.
Asia-Pacific is the most significant revenue contributor and is expected to grow at a CAGR of 6.05% during the forecast period. In the market for gas sensors, Asia-Pacific commands a sizeable share of the overall industry. This is related to the rise in sensor demand brought on by a capacity expansion in the refinery industry and the expansion of the Internet of Things in developing nations like India, China, and Indonesia. China, Japan, India, South Korea, and the rest of Asia-Pacific are all included in the Asia-Pacific area. Technology-advanced nations like China and Japan significantly demand intelligent gas sensors. India and other emerging countries are anticipated to fuel market expansion. However, the Asia-Pacific region's development is expected to be hampered by other developing nations.
Europe is one of the significant markets for sensor technology. The automobile, building, automation, and energy industries use smart sensors extensively in Europe. Smart sensors are widely used in these European sectors, a significant factor in the market's expansion. Furthermore, using smart sensors in the oil and gas sector opens up many prospects for expanding the European market. The demand for gas sensors is increasing in Europe due to technological developments in various business sectors and rising consumer spending. Additionally, the market for gas sensors in Europe increased in 2018 due to the sales of high-end devices and sensors, fueling the industry's expansion in the region.
Africa, the Middle East, and Latin America collectively comprise LAMEA. Technological advancements in South America and the Middle East are anticipated to support market expansion in LAMEA. The Middle East's rapid infrastructure, technical, and oil and gas industry developments also contribute to the growth of the LAMEA market. However, Africa's dismal economic climate restrains the gas sensor industry expansion there. The economy of many LAMEA nations is developing. The region's market share for gas sensors is relatively low. The growth of the gas sensors market in LAMEA is attributed to technical advancements and infrastructure improvements.
Segmental Analysis
The global gas sensor market is segmented by gas type, technology, and end-user.
The global gas sensor market is bifurcated based on gas type into carbon monoxide, methane, hydrogen, ammonia, oxygen, and others.
The methane segment is the highest contributor to the market and is estimated to grow at a CAGR of 6.45% during the forecast period. Due to their benefits, such as a broad range of operations and excellent efficiency in a changing environment, methane gas sensors are widely employed in various industries. Methane concentrations between 300 parts per million (ppm) and 10,000 ppm can be detected by gas sensors (ppm). For the detection of methane gas leakage, this range is acceptable. These sensors offer a quick and real-time response, wide-range detection, and high sensitivity. Gas leak alarms, industrial combustible gas detectors, portable gas detectors, and home gas leak detectors all use methane gas sensors.
Carbon monoxide is a combustible gas that is tasteless, colorless, and somewhat denser than air. Both humans and animals are said to be poisoned by this gas. It is made up of carbon and oxygen atoms. When carbon-containing materials undergo partial oxidation, such as when an engine is running, iron is being melted, coal gas is being used, or a stove is being used, carbon monoxide is created. In many nations throughout the world, carbon monoxide poisoning is regarded as the most prevalent kind of lethal air poisoning. To lessen exposure to carbon monoxide gas, a number of businesses throughout the world are producing gas sensors or gas detectors. Carbon monoxide is detectable by gas sensors at concentrations between 10 and 10,000 ppm.
The petroleum and chemical industries are the primary hydrogen users in considerable quantities. The two main uses of hydrogen are the generation of ammonia and the processing of fossil fuels. Petrochemical plants are the primary consumers of hydrogen gas. Hydrogen leaks are found using gas sensors designed for hydrogen. Comparing these sensors to traditional gas detection devices, it is said that they are less expensive, more portable, robust, and simpler to maintain. The real-time data and reliable findings that gas sensors for hydrogen gas offer support their expansion on the international market.
With an alarm system for alerts, ammonia gas sensors can detect the gas even in noisy situations. Ammonia gas detectors improve worker safety by spotting the gas and sounding an alarm. A U.S.-based business, Industrial Scientific, has created multi-gas sensor detectors, VENTIS PRO5 and MX6 IBRID, that use gas sensors. These tools can concurrently detect five gases. Nitrogen and hydrogen are combined to form the gas ammonia. A colorless gas with a distinctively strong smell, the hazardous material is ammonia gas. It is employed in the production of cleaning agents, explosives, agricultural uses, fertilizers, and some medications.
Based on technology, the global gas sensor market is bifurcated into infrared gas sensors, photo ionization gas sensors, electrochemical gas sensors, thermal conductivity gas sensors, metal oxide-based gas sensors, catalytic gas sensors, and other gas sensors.
The electrochemical gas sensor segment owns the highest market and is estimated to grow at a CAGR of 6.10% during the forecast period. By oxidizing/reducing the target gas at an electrode, followed by processing the measurement, electrochemical gas sensors are used to detect target gases. Different gases, including CO (Carbon Monoxide), H2S, and others, are detected using electrochemical gas sensors (Hydrogen Sulfide). Various end-use industries, including industrial, medical, and automotive, use electrochemical gas sensors to detect and quantify the concentration of multiple gases, including carbon monoxide and hydrogen sulfide.
According to the type of detection, there are two categories of infrared gas detection: open route detection and point detection. The use of infrared technology for gas detection is encouraged by sensor advancement. IoT's penetration into industrial use has increased due to its integration with infrared gas detection. For instance, creating a fully integrated, non-dispersive infrared gas sensor made of a designed synthetic material known as meta-material has minimal architecture and no moving components. The sensor is appropriate for smart infrastructure because it incorporates IoT. The sensor is used in medical monitoring and diagnostic equipment in the life sciences and healthcare industries.
A volatile organic compound (VOC) detector is another name for photoionization detection. The photoionization technology for airborne particle identification has drawbacks, such as the accumulation of dust, grime, and other particles on the lens. To achieve accuracy in output, this needs routine maintenance. Therefore, they are less preferred for gas detection and sensing due to problems including quenching and erroneous reading. Volatile organic chemicals and other gases are detected using photoionization gas detection technology in concentrations ranging from a few parts per billion to 10,000 parts per million.
Based on end-user, the global gas sensor market is bifurcated into defense and military, healthcare, consumer electronics, automotive and transportation, industrial, and others.
The industrial segment is the highest contributor to the market and is estimated to grow at a CAGR of 6.15% during the forecast period. The adoption of IoT, AI, and machine learning in various industries drives the market for gas sensors. The development of industrial-grade gas sensors opens up lucrative opportunities. For instance, portable tiny dimensional photoionization detectors and non-dispersive infrared for carbon dioxide have grown significantly in popularity over time. Gas sensors are also used for vital gas detection in sectors like oil and mining, and autonomous systems drive mineral extraction, among others, and the market. Manufacturing facilities, mining and oil operations, and mineral extraction are a few examples of industrial end uses. Industries use gas sensors for various purposes, including flammable gas detection and sensing.
Numerous nations have seen technological improvements in the military and defense sectors. Demand for gas sensors has surged due to the deployment of autonomous technology. The market for defense and military has been driven in recent years by technology like uncrewed aerial vehicles and an emphasis on utilizing sensors and effectors to carry out specific missions. Weapons, vehicles, aircraft, helicopters, and submarines are just a few examples of military and defense equipment. These use gas sensors for various purposes, including target gas sensing, gas concentration sensing, and gas leak detection.
The adoption of autonomous technology by consumers for home uses, such as HVAC systems and air-quality filters. Furthermore, future opportunities may arise from using small sensors in inexpensive devices like mobile phones and wearable technology. Additionally, the ability to output information on display devices without the usage of cords or wires provided by IoT technology encourages the deployment of sensor devices. Consumer electronics comprise goods, machinery, and devices that consumers regularly use, primarily at home. The gas sensor can be found deployed in various devices, including air conditioners and air filters.
