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Global Gas Sensors Market to grow at 7% CAGR from 2017 to 2024: Fractovia.org

The recent years have witnessed gas sensor market observing a paradigm shift in their application spectrum. Conventionally constrained to be deployed in industrial leak detection systems and carbon dioxide alarms, gas sensor, as on today, are being utilized for a plethora of other domains – right from automotive and petrochemical to the emerging ones such as consumer electronics and medical. One of the most pivotal reasons responsible for myriad innovations in gas sensors industry is the emergence of the smart era. Companies have been brainstorming advancements left right and center, to manufacture gas sensor for smart homes and cities. Recently for instance, Sensirion AG, a renowned flow sensor solution provider partaking in gas sensors market share, launched the SGP gas sensors at the Measurement Fair held at Nuremberg. Reportedly, it is the first stable metal-oxide gas sensor that has been designed to integrate four gas detecting elements into a rather miniature DFN package encompassing a calibrated air quality output signal. Endowed with the features of multi-pixel technology and long-term stability, the SGP sensor has been touted to create waves of anticipation in gas sensors industry. Furthermore, experts forecast that the product would generate lucrative avenues for gas sensor market across smart appliances, smart homes, and other IoT applications.

The design aspect of the SGP sensor has brought forth another vital pointer influencing gas sensors market outlook – the rapidly rising trend of electronic device miniaturization. This dynamic change in the electronics domain in tandem with the robust requirement of cost reduction has led to the development of environmental monitoring systems that are inclusive of gas sensors. Accordingly, with the rise in the demand for such systems, the demand for sensors is also expected to surge, thereby carving out a positive growth path for gas sensor industry. These products offer a barrage of benefits, such as high robustness, simple production mechanism, high spatial coverage, and an easy-to-understand interface, and help effectively measure the pollutant level in the atmosphere. On these grounds, they are extensive deployed across significant end-use domains, leading to a substantial upsurge in gas sensor market share. A substantially sizable proportion of businesses are being governed by the stringent laws centered around environmental safety. With pollution being one of the leading causes of ecological imbalance, regional governments and globally authorized bodies have mandated norms that industries have to adhere to. Gas sensor, with their exceptional ability to monitor pollutant levels and maintain air quality, are the go-to devices for reducing the impact of 1|Page


pollution on the environment, owing to which they are liberally used in environmental monitoring systems. Some of the key participants in gas sensors industry have even been observed to have taken note of the advantages these sensors offer over traditional reference equipment and environmental modelling techniques, and in accordance to the same, have come up with a range of products targeted specifically toward proving beneficial for the environmental domain. AerNos for example, has recently come up with a miniature version of a highly accurate nano gas sensor that has been designed to detect harmful gases to parts per billion and to be incorporated with connected devices finding their way into smart cities. The sensor, called AerSCAP, has been configured to be integrated into parking systems, street lights, traffic lights, public transportation systems, surveillance systems, and other smart city assets, and is slated to dynamically transform gas sensor market trends. U.S. gas sensors market size, by application, 2016 & 2024 (USD Million)

Gas sensor are likely to be used in numerous devices such as smartphones, refrigerators, tablets, and wearables to detect carbon dioxide and VOCs. In fact, lately sensors are being widely used in smart appliances for freshness maintenance and food spoilage detection. Companies have been striving to brainstorm a range of products such as connected refrigerators that will protect consumers from potential health hazards arising from pesticide residues and foul-smelling meals. The commercialization scope of gas sensors market thus, is likely to depict a surge on account of the product deployment in consumer electronics. Recently, a team of scientists came up with a low-power, chemical-sensitive field-effect transistor (CS-FET) designed to operate at room temperature. Highly sensitive but configured to consume less power, the FET-based gas sensor have the ability to detect a variety of gases in the atmosphere. This move validates the efforts undertaken by gas sensor market giants in 2|Page


R&D activities to develop portable air-quality monitoring devices that can be embedded into consumer electronics devices such as smartphones and tablets. While the work on expanding the scope of this platform to personal electronics is still underway, it is unquestionable that the product would most certainly transform gas sensor industry outlook from the consumer electronics sector. The emergence of smart cities has been predicted to lead to transformational shift of sorts in gas sensor market, as these products help monitor air pollution levels, climate gases, upgrade aging infrastructure, and provide security – four primary aspects that significantly enable the evolution of smart cities. A report by a leading research firm claims global smart cities market to cross an approximate valuation of USD 1.5 trillion by 2020. Thus, the rising efforts toward constructing smart cities will turn out to be principal driving force behind the growth of gas sensor industry, as these initiatives would demand the deployment of advanced sensors for GHG emission reduction, pollution detection at the granular level, chemical system detection for security, etc. Supported by an increasingly stringent regulatory framework toward environmental safety and worker safety at factories, in conjunction with the robustly prevalent trends of connected consumer electronics appliances and smart city development, gas sensors market size has been forecast to register a valuation of USD 2.8 billion by 2024. Browse key industry insights spread across 220 pages with 212 market data tables & 20 figures & charts from the report, “Gas Sensors Market Size By Technology (Electrochemical, Semiconductor, PID, Solid State, Catalytic, Infrared), By Product (Oxygen, Carbon Dioxide, NOx, Carbon Monoxide), By Application (Consumer Electronics, Medical, Environmental, Petrochemical, Automotive, Industrial), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Russia, China, India, Japan, Australia, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Potential, Price Trend, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents: https://www.fractovia.org/news/industry-research-report/gas-sensors-market

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Global Gas Sensors to surpass $2.8bn by 2024  

Request Sample of Report @ http://bit.ly/2jiHPVh The design aspect of the SGP sensor has brought forth another vital pointer influencing ga...

Global Gas Sensors to surpass $2.8bn by 2024  

Request Sample of Report @ http://bit.ly/2jiHPVh The design aspect of the SGP sensor has brought forth another vital pointer influencing ga...

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