The global gas sensor market size is expected to reach USD 2.76 billion by 2030, according to a new study by Polaris Market Research. The report “Gas Sensor Market Share, Size, Trends, Industry Analysis Report, By Product; By Gas; By Technology; By Connectivity (Wired, Wireless); By Output (Analog, Digital); By Application; By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides an analysis of future market growth.
The growing demand for gas sensors in transportation, metals, chemicals, food & beverages, and power plants for detecting toxic and harmful gases is expected to drive industry growth. Furthermore, miniaturization and wireless gas sensor devices with minimum human intervention are considerable factors boosting the market growth.
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In addition, rapid industrialization across emerging nations has resulted in the emission of many hazardous and inflammable gases, and the demand to control such gases is expected to spur the market.
Furthermore, rising consumer awareness regarding harmful gases and their impact on the human body and government safety regulation has resulted in adoption of air quality monitors, which significantly influence market growth.
The COVID-19 pandemic had a significant impact on the market. The movement of raw materials has disrupted the supply chain, which resulted in declination in the production of components hampering the market.
However, the demand for oxygen gas sensors was at its peak during the pandemic, and digital gas took over the market and was used in various devices such as respirators, ventilators, and incubators and had enhanced health outcomes that support the market growth.
Gas Sensor Market Report Highlights
Polaris Market Research has segmented the gas sensor market report based on product, gas, technology, connectivity, output, application, and region:
Gas Sensor, Product Outlook (Revenue - USD Billion, 2018 - 2030)
Gas Sensor, Gas Outlook (Revenue - USD Billion, 2018 - 2030)
Gas Sensor, Technology Outlook (Revenue - USD Billion, 2018 - 2030)
Gas Sensor, Connectivity Outlook (Revenue - USD Billion, 2018 - 2030)
Gas Sensor, Output Outlook (Revenue - USD Billion, 2018 - 2030)
Gas Sensor, Application Outlook (Revenue - USD Billion, 2018 - 2030)
Gas sensor, Regional Outlook (Revenue - USD Billion, 2018 - 2030)