Gas Sensor Market to be Worth $5.49 Billion by 2030: Grand View Research, Inc.

Jun 13, 2023

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10 May, 2023, 11:30 BST

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SAN FRANCISCO, May 10, 2023 /PRNewswire/ -- The global gas sensor market size is expected to reach USD 5.49 billion by 2030, registering a CAGR of 9.5% from 2023 to 2030, according to a new report by Grand View Research, Inc. The market growth can be attributed to the increasing number of health and safety regulations by the governments of different countries. Furthermore, the need to constantly control and monitor gas emissions by various industrial processes creates more demand for gas sensors globally.

Key Industry Insights & Findings from the report:

Read full market research report, "Gas Sensor Market Size, Share & Trends Analysis Report By Product (Oxygen /Lambda Sensors, Carbon Dioxide Sensors), By Type (Wired, Wireless), By Technology, By End-use, By Region, And Segment Forecasts, 2023 - 2030", published by Grand View Research.

Gas Sensor Market Growth & Trends

According to the researchers at Northeastern and Penn State University, wearable gas sensors for human health and environmental monitoring are expected to be commercially available in the coming years. These sensors use a self-heating mechanism that enhances sensitivity and allows for the quick reuse and recovery of the platform.

Miniaturization, smart sensors, multi-gas sensing, IoT integration, and the development of new sensing technologies are key trends shaping the growth and development of the gas sensor industry. IoT-based wireless gas sensors are used in smart cities to predict fire conditions, detect air pollution levels, and track gas combustion. Through IoT gas sensors, air quality data can be collected, processed, analyzed, and exchanged in real-time potentially leading to heathier smart cities. Moreover, gas sensors can potentially help in assessing the levels of various gases such as carbon dioxide, carbon monoxide, and other gases in the air and contribute favorably to curbing air pollution.

The outbreak of the COVID-19 pandemic is anticipated to create new opportunities for the market players. The demand for carbon dioxide gas sensors is expected to increase significantly in particular. Carbon dioxide gas sensors are being used widely in European countries for monitoring the indoor environment in schools to control the spread of coronavirus. Guidelines published by the Federation of European Heating, Ventilation, and Air Conditioning Associations also recommend installing carbon dioxide monitoring systems in schools.

Gas Sensor Market Segmentation

Grand View Research has segmented the global gas sensor market based on product, type, technology, end-use, and region

Gas Sensor Market - Product Outlook (Volume, Million Units; Revenue, USD Million, 2017 - 2030)

Gas Sensor Market - Type Outlook (Volume, Million Units; Revenue, USD Million, 2017 - 2030)

Gas Sensor Market - Technology Outlook (Volume, Million Units; Revenue, USD Million, 2017 - 2030)

Gas Sensor Market - End-use Outlook (Volume, Million Units; Revenue, USD Million, 2017 - 2030)

Gas Sensor Market - Regional Outlook (Volume, Million Units; Revenue, USD Million, 2017 - 2030)

List of Key Players in the Gas Sensor Market

Check out more market research studies published by Grand View Research:

Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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SOURCE Grand View Research, Inc.