The new report by Expert Market Research titled, Global Gas Sensor Size, Share, Price, Trends, Growth, Market Report and Forecast 2023-2028, gives an in-depth analysis of the global gas sensor market share, assessing the market based on its segments like gas type, technology, end user, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2018-2028)
• Historical Market Size (2022): USD 963.4 million
• Forecast CAGR (2023-2028): 6.6%
One of the most important aspects of the HVAC system is gas detection. Gas sensors are used in HVAC systems to monitor poisonous and flammable gases and notify employees before they reach a harmful level. These systems are being used in the oil and gas business, as well as petroleum and refineries, among other places. Processes that transport flammable or poisonous chemicals are common in these sectors. As a result, gas sensors are increasingly being utilised in HVAC systems in all major sectors that involve the presence of flammable gases and poisonous components to detect and evaluate the quantity of dangerous compounds present in the environment.
Gas sensors are becoming more widely employed in HVAC systems as a result of increased government regulations and concerns about occupational health and safety, both of which are driving the global market for gas sensors
Industry Definition and Major Segments
During the manufacturing process, a gas sensor (also known as a gas detector) is used to detect and identify various types of gases in order to ensure safety. It’s used to detect poisonous or explosive gases, as well as natural gas leaks and gas concentrations in industries and manufacturing facilities. It’s usually attached to an audible alarm or interface, and it’s commonly a part of bigger implanted devices like HAZMAT (Hazardous Materials) and security systems.
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The most common gas types detected by gas sensors in the industry are carbon monoxide, methane, hydrogen, ammonia, and oxygen, among others. Infrared gas sensor, photo ionisation sensor, electrochemical gas sensor, thermal conductivity gas sensor, metal oxide-based gas sensor, and catalytic gas sensor and others are among the most common technologies used in gas sensors. Gas sensors are used in a variety of applications, including defence and military, healthcare, consumer electronics, automotive and transportation, and industrial.
Gas Sensor Market Trends
People are gravitating toward automation-based solutions and services in today’s IT-dominated environment. As a result of their novel and sophisticated uses, IoT-based gadgets have received considerable attention. IoT is a technology that allows practically any device to connect to the internet or network, including cellphones, microwaves, refrigerators, defence and military, healthcare, and buildings. IoT connects all of these devices to a single network via electronic software, sensors, and actuators. Sensors used in IoT include touch sensors, proximity sensors, gas sensors, and temperature sensors.
Several kinds of gases have been employed as raw materials in various industries in recent years. Controlling and monitoring these gases becomes critical since there is a significant danger of property and human life being harmed if a leak occurs. The demand for gas sensors has arisen as a result of the requirement to continuously monitor and manage the gases released in industries. Also, during the projected period, the increased need for sensors in the construction of smart cities is expected to present lucrative prospects for the gas sensor market.
Key Market Players
The major players in the market are Amphenol Corporation, Alphasense, Inc., Dynament Limited, Gastec Corporation, Honeywell International Inc., and others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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