Gas sensors can be defined as transducers that convert one parameter into another like a non-electrical quantity into an electrical signal. They can detect a range of gases, such as flammable, toxic gases, and combustible gases. They are commonly used by various industries for instance transportation, metals, chemicals, food & beverage, power stations, and smart cities.
Referring to the study “Global Covid-19 Impact on Gas Sensors Market to reach USD 1.7 billion by 2027”. Some of the key players that are currently working in the global gas sensors market include Honeywell Analytics, Amphenol, MSA, AMS AG, Figaro, Dynament, Alphasense, Asahi Kasei (AKM), Membrapor AG, Sensiron AG.
Based on product, the gas sensors market is segmented as gas detectors, HVAC, gas analyzers & monitors, air cleaners/air purifiers, medical equipment, air quality monitors, and consumer devices. Based on gas type, the market is segmented as chlorine, ammonia, oxygen, carbon dioxide, nitrogen oxide, methane, volatile organic compounds, hydrocarbons, carbon monoxide, hydrogen, and others. Based on technology, the market is segmented as catalytic, solid-state or metal oxide semiconductor, photoionization detectors, zirconia, infrared, laser, holographic, and others. Based on connectivity, the market is segmented as wired and wireless connectivity. In addition, based on application, the market is segmented as water & wastewater, power stations, medical, automation & transportation, medical, consumer electronics, mining, food & beverages, oil & gas, and others.
In the Covid-19 situation, the gas sensors market is driven by growth in the adoption of gas sensors in HVAC systems & air quality monitors, followed by rising in manufacturing of ventilators, an increase in formulation & implementation of various health and safety regulations across the globe, the surge in air pollution level & need for air quality monitoring in smart cities and rise in demand from critical industries. At present, almost all the organization indulged in manufacturing of medical devices and has moved their attention basically on ventilator manufacturing as the outbreak of Coronavirus pandemic has rapidly enhanced the demand for ventilators in both public & private clinics/hospitals which have resulted in fueling the demand for gas sensors. However, the high initial cost of the device may impact the market. Moreover, the rise in demand for miniaturized wireless gas sensors across the globe and the networking of gas sensors through IoT, cloud computing, and big data are key opportunities for the market.
Based on geography, the North-American is a leading region in the global gas sensors market owing to rapidly surging cases of Covid-19 in both urban & semi-urban provinces of Covid-19 coupled with strategic initiatives taken by a private organization indulged in manufacturing of gas sensors in the region. Whereas, the Asian-Pacific and European regions are anticipated to exhibit a substantial growth rate due to the rise in cases of Covid-19 among all Asian countries and high geriatric population in countries such as Japan and China over the forecast period. The impact of Covid-19 on the gas sensors market is valued around the US $1 billion in 2019 and is projected to grow with a healthy growth rate of more than 6.8% during the forecast period 2020-2027.
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Ankur Gupta, Head Marketing & Communications