Gas Sensors Market worth $1.5 billion by 2026 - Exclusive Report by MarketsandMarkets™

Oxygen gas sensor is expected to gain a significant share of gas sensor market by 2026 Oxygen gas sensor is expected to gain a significant share of gas sensor market by 2026 The oxygen gas sensor is expected to account for the largest share of the gas sensor market by 2026 as oxygen detectors, analyzers, and monitors are widely used in the automotive industry, smart cities & building automation, food & beverage industry, and other industrial applications. Medical equipment is...

Oxygen gas sensor is expected to gain a significant share of gas sensor market by 2026

The oxygen gas sensor is expected to account for the largest share of the gas sensor market by 2026 as oxygen detectors, analyzers, and monitors are widely used in the automotive industry, smart cities & building automation, food & beverage industry, and other industrial applications. Medical equipment is another application area of oxygen sensors as they are used in incubators and other hypoxic life science products, anesthesia monitors, respirators, and oxygen concentrators.

Based on application, Smart cities & building automation to witness the highest CAGR in Gas sensor market during 2021–2026

The gas sensor market for the smart cities & building automation application is expected to grow with the highest CAGR during the forecast period. The rising environmental pollution levels and increasingly degrading indoor air quality have created a significant demand for gas sensors for HVAC and air quality monitoring applications. In smart cities, gas sensors can be used for environmental monitoring applications to monitor air quality, which includes weather stations and monitoring of the environment at public places. Major gases that are monitored include CO, CO2, SO2, NO, NO2, and VOCs. Increasing projects of smart cities in developing countries are expected to drive the growth of the market.

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Gas sensor market in APAC to grow at the highest CAGR during the forecast period

The gas sensor market for the smart cities & building automation application is expected to grow with the highest CAGR during the forecast period. The rising environmental pollution levels and increasingly degrading indoor air quality have created a significant demand for gas sensors for HVAC and air quality monitoring applications. In smart cities, gas sensors can be used for environmental monitoring applications to monitor air quality, which includes weather stations and monitoring of the environment at public places. Major gases that are monitored include CO, CO2, SO2, NO, NO2, and VOCs. Increasing projects of smart cities in developing countries are expected to drive the growth of the market.

Key players in the market include Honeywell Analytics (UK), MSA Safety Inc. (US), Amphenol (US), Figaro Engineering (Japan), Alphasense Ltd.(UK), Sensirion AG (Switzerland), Dynament Ltd. (UK), ams AG (Austria), MEMBRAPOR AG (Switzerland), and Senseair AB (Sweden). These players are increasingly undertaking product launches and developments, acquisitions, partnerships, and expansions, to increase their market shares.

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Environmental Sensor Market by Type (Temperature, Humidity, Air Quality, Water Quality, Integrated, UV, and Soil Moisture), Vertical (Government, Commercial, Industrial, Residential, Consumer, Enterprise), Location, and Geography - Global Forecast to 2023

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