Dublin, Oct. 11, 2022 (GLOBE NEWSWIRE) -- The "Global Gas Sensor Market by Gas Type (Oxygen, Carbon Monoxide, Carbon Dioxide, Nitrogen Oxide, Volatile Organic Compounds, Hydrocarbons), Technology, Output Type, Product Type, Application and Region - Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The gas sensor market is projected to grow from USD 1.4 Billion in 2022 to USD 2.1 Billion by 2027; it is expected to grow at a CAGR of 8.9% during the forecast period.
Increasing demand for miniaturized wireless gas sensors will propel the growth opportunities for gas sensor market. Increasing integration of gas sensors in HVAC systems and air quality monitors will boost the adoption of gas sensors. Intense pricing pressure resulting in decline in average selling prices and complexities involved while developing industry specific gas sensors will restrain the market growth.
Market for Solid-State/Metal-Oxide-Semiconductor Technology to grow at higher CAGR during forecast period
Metal oxide semiconductors provide sensors with several advantages, such as low cost and high sensitivity. MOS technology is largely used in the healthcare sector. MOS sensors are also used to detect gases such as hydrocarbons and carbon monoxide in the environment.
Further, increasing product developments by top market players are driving the market growth. For instance, SGX SENSORTECH (Switzerland) patented MOS technology utilizing state-of-the-art MEMS (micro-electromechanical systems) technology, combining a specialized nano-particle sensing layer with a patented poly-silicon heater.
Market for Volatile Organic Compound Technology to grow at highest CAGR during the forecast period
The VOC sensor directly measures ambient concentrations of a broad range of "reducing gases" associated with bad air quality like alcohols, aldehydes, ketones, organic acids, amines, organic chloramines, and aliphatic and aromatic hydrocarbons. VOCs are commonly present in manufacturing dyes, plastics, detergents, solvents, paints, synthetic rubber, and pharmaceuticals. VOC sensors are used to monitor indoor air quality and urban air quality. Figaro Engineering (Japan), Alphasense Ltd. (UK), Sensirion AG (Switzerland), ams AG (Austria), and Senseair AB (Sweden) are major players that offer VOC sensors.
Asia Pacific to create highest growth opportunities for gas sensor market among other region during the forecast period
The countries of Asia Pacific are witnessing increased demand for gas sensors, and this demand is expected to grow at a significant rate during the forecast period as well. Moreover, the rise in the number of smart city projects in countries such as India and China is also leading to increased demand for gas sensors from these countries. Gas sensors are used in several industries such as automotive, oil & gas, chemical, consumer electronics, etc. the region.
Among all these, the adoption of gas sensors is projected to be the highest in the consumer electronics industry. Increasing urbanization and income levels and ongoing construction activities for the development of residential and commercial infrastructure in Asia Pacific are expected to lead to demand for HVAC systems equipped with gas sensors in the region, thereby fuelling the growth of the gas sensor market growth in the region.
4 Premium Insights 4.1 Attractive Opportunities for Players in Gas Sensor Market 4.2 Gas Sensor Market, by Output Type 4.3 Gas Sensor Market, by Technology 4.4 Gas Sensor Market in Asia-Pacific, by Application and Country 4.5 Gas Sensor Market, by Country
5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 5.2.1.1 Rising Demand for Gas Sensors in Critical Industries 5.2.1.2 Formulation and Implementation of Various Health and Safety Regulations Globally 5.2.1.3 Increasing Integration of Gas Sensors in HVAC Systems and Air Quality Monitors 5.2.1.4 Growing Air Pollution Levels and Need for Air Quality Monitoring in Smart Cities 5.2.1.5 Surging Demand for Gas Sensors in Healthcare Industry During COVID-19 Pandemic 5.2.2 Restraints 5.2.2.1 Intense Pricing Pressure Resulting in Decline in Average Selling Prices 5.2.2.2 Complexities Involved while Developing Industry-Specific Gas Sensors 5.2.3 Opportunities 5.2.3.1 Rising Deployment of Iot, Cloud Computing, and Big Data in Gas Sensors 5.2.3.2 Growing Adoption of Gas Sensors in Consumer Electronics 5.2.3.3 Increasing Demand for Miniaturized Wireless Gas Sensors 5.2.4 Challenges 5.2.4.1 Technical Issues Such as High Energy Consumption 5.3 Value Chain Analysis 5.4 Gas Sensor Ecosystem 5.5 Pricing Analysis: Average Selling Price Trends 5.6 Trends/Disruptions Impacting Customers' Businesses 5.7 Technology Trends 5.8 Porter's Five Forces Analysis 5.9 Key Stakeholders and Buying Criteria 5.9.1 Key Stakeholders in Buying Process 5.9.2 Buying Criteria 5.10 Case Study Analysis 5.10.1 Ion Science Partners with Blackline Safety 5.10.2 Co2Meter Inc Uses Gas Sensing Solutions' Sensors as Co2 Alarms 5.10.3 Storage Control Systems Ltd. Develops Portable Gas Analyzer Using Gas Sensing Solutions' Sprintir Co2 Sensor 5.10.4 an Innovative Gas Sensor Network Monitors Various Gases Such as Co2 and Co Using Alphasense's So2 Sensors in Hawaii 5.11 Trade Analysis 5.12 Patent Analysis 5.13 Key Conferences and Events, 2022-2023 5.14 Tariffs and Regulatory Landscape 5.15 Government Regulations and Standards
6 Gas Sensor Market, by Product 6.1 Introduction 6.2 Gas Analyzers & Monitors 6.2.1 to Play Vital Role in Increasing Safety Levels at Workplaces 6.3 Gas Detectors 6.3.1 to Hold Largest Market Share in 2022 6.4 Air Quality Monitors 6.4.1 Growing Awareness Regarding Air Quality Monitoring 6.5 Air Purifiers/Air Cleaners 6.5.1 Surging Use of Air Purifiers to Detect Voc Pollutants 6.6 HVAC Systems 6.6.1 Increasing Demand for HVAC Systems 6.7 Medical Equipment 6.7.1 Rising Demand for Ventilators During COVID-19 Pandemic 6.8 Consumer Devices 6.8.1 Surging Adoption of Wearable Devices
7 Gas Sensor Market, by Technology 7.1 Introduction 7.2 Electrochemical 7.2.1 Growing Adoption due to Its Ability to be Used in Low-Concentration Gas Ranges 7.3 Photoionization Detectors 7.3.1 Widely Used in Gas Chromatography 7.4 Solid-State/Metal-Oxide-Semiconductor 7.4.1 Lightweight and Offers High Sensitivity and Fast Response Time 7.5 Catalytic 7.5.1 Surging Adoption of Ammonia and Methane Gas Sensors 7.6 Infrared 7.6.1 Rising Use in Industrial, HVAC, and Iqm Applications 7.7 Laser 7.7.1 Enables Long-Range Detection of Gases 7.8 Zirconia 7.8.1 Mainly Used in Oxygen Gas Sensors 7.9 Holographic 7.9.1 Used for Gas Detection to Measure Reflection Properties 7.10 Others
8 Gas Sensor Market, by Connectivity 8.1 Introduction 8.2 Wired Gas Sensors 8.2.1 High Adoption of Wired Sensors in Industrial Applications 8.3 Wireless Gas Sensors 8.3.1 Growing Use of Portable and Consumer Devices
9 Gas Sensor Market, by Output Type 9.1 Introduction 9.2 Analog 9.2.1 Increasing Demand for Analog Gas Sensors to Analyze Variations in Current Measurements 9.3 Digital 9.3.1 Digital Output Segment to Witness Higher CAGR During Forecast Period
10 Gas Sensor Market, by Type 10.1 Introduction 10.2 Oxygen 10.2.1 Growing Need for Oxygen Sensors for Medical Equipment and Wearable Devices 10.3 Carbon Monoxide 10.3.1 Hazardous Effects of Co on Health Lead to Increasing Number of Government Regulations for Monitoring Co Levels 10.4 Carbon Dioxide 10.4.1 Increasing Level of Greenhouse Gas Emissions 10.5 Ammonia 10.5.1 Rising Usage of Ammonia Sensors in Smart Cities & Industrial Applications 10.6 Chlorine 10.6.1 Surging Demand for Chlorine Detectors in Water & Wastewater Treatment Applications 10.7 Hydrogen Sulfide 10.7.1 Increased Applications in Oil & Gas Industry, Smart Cities, and Water & Wastewater Treatment 10.8 Nitrogen Oxide 10.8.1 Surging Need to Detect Toxic Nitrogen Solutions in Outdoor Air 10.9 Volatile Organic Compounds 10.9.1 Rising Usage in Plastic and Paint Industry 10.1 Methane 10.10.1 Growing Need for High-Performance and Portable Gas Sensors to Detect Toxic Gases in Mines 10.11 Hydrocarbons 10.11.1 Increasing Use of Hydrocarbon Gas Sensors to Detect Highly Combustible Gases 10.12 Hydrogen 10.12.1 Surging Demand for Hydrogen Sensors in Industrial Applications
11 Gas Sensor Market, by Application 11.1 Introduction 11.2 Automotive & Transportation 11.2.1 Declining Global Demand for Automobiles due to COVID-19 to Impact Growth 11.3 Smart Cities & Building Automation 11.3.1 Rising Adoption of Gas Sensors in Air Quality Monitors 11.4 Oil & Gas Industry 11.4.1 Surging Need to Monitor Flammable and Toxic Gases in Oil and Gas Refineries 11.5 Water & Wastewater Treatment 11.5.1 Strict Government Regulations to Boost Adoption of Toxic Gas Monitors in Wastewater Treatment 11.6 Food & Beverage Industry 11.6.1 Growing Requirement for Monitoring Co2, Voc, and Ch4 in Food Processing and Storage Applications 11.7 Power Stations 11.7.1 Increasing Need for Continuous Monitoring of Toxic and Combustible Gases in Power Plants 11.8 Medical Industry 11.8.1 Surging Adoption of O2 and Co2 Sensors in Medical Industry due to COVID-19 Pandemic 11.9 Metal & Chemical Industry 11.9.1 Increasing Regulations to Reduce Harmful Gas Emissions 11.1 Mining Industry 11.10.1 Rising Need for High-Performance and Portable Gas Sensors to Detect Toxic Gases in Mines 11.11 Consumer Electronics Industry 11.11.1 Growing Integration of Gas Sensors into Consumer Devices Such as Smartphones and Wearables
12 Gas Sensor Market, by Region
13 Competitive Landscape 13.1 Introduction 13.2 Key Player Strategies/Right to Win 13.2.1 Product Portfolio 13.2.2 Regional Focus 13.2.3 Manufacturing Footprint 13.2.4 Organic/Inorganic Growth Strategies 13.3 Market Share Analysis, 2021 13.4 Revenue Analysis of Top Players in Gas Sensor Market 13.5 Company Evaluation Quadrant 13.5.1 Stars 13.5.2 Pervasive Players 13.5.3 Emerging Leaders 13.5.4 Participants 13.6 Startup/Sme Evaluation Quadrant 13.6.1 Progressive Companies 13.6.2 Responsive Companies 13.6.3 Dynamic Companies 13.6.4 Starting Blocks 13.7 Company Product Footprint 13.8 Competitive Situation and Trends 13.8.1 Product Launches & Developments 13.8.2 Deals 13.8.3 Others
14 Company Profiles 14.1 Key Players 14.1.1 Honeywell Analytics 14.1.2 Msa Safety Incorporated 14.1.3 Amphenol Corporation 14.1.4 Figaro Engineering Inc. 14.1.5 Alphasense 14.1.6 Sensirion Ag 14.1.7 Dynament Ltd. 14.1.8 Ams-Osram Ag 14.1.9 Membrapor Ag 14.1.10 Senseair Ab (Asahi Kasei Microdevices) 14.2 Other Companies 14.2.1 Ngk-Ntk 14.2.2 Nissha Co., Ltd. 14.2.3 Fuji Electric 14.2.4 Renesas Electronics Corporation (Renesas) 14.2.5 Breeze Technologies 14.2.6 Elichens 14.2.7 Bosch Sensortec GmbH 14.2.8 Danfoss 14.2.9 Edinburgh Sensors 14.2.10 Gastec Corporation 14.2.11 Nemoto Sensor Engineering Company Limited 14.2.12 Spec Sensors 14.2.13 Mipex Technology 14.2.14 Microsens Sa 14.2.15 Cubic Sensor and Instrument Co., Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/j7kpg9
"They are in everything from the remote control on your TV to the fastest supercomputers in the world, to healthcare devices, to our military's weapons systems."
The US energy industry is largely comprised of private-sector firms with investors and shareholders. Saudi Arabia and Russia don't have that problem.
MarketWatch Picks has highlighted these products and services because we think readers will find them useful; the MarketWatch News staff is not involved in creating this content. And at a 2009 shareholder meeting, Buffett noted that the first best thing you can do to protect against inflation is to invest in yourself and your skills: “If you’re the best teacher, if you’re the best surgeon, if you’re the best lawyer, you will get your share of the national economic pie regardless of the value of whatever the currency may be,” he said.
A smart investment strategy is to buy and hold stocks of growing companies that have a good chance of beating the market over the long term. The two I have in mind are visual-based social media company Pinterest (NYSE: PINS), and e-commerce retailer Etsy (NASDAQ: ETSY). The rumor that Alphabet could be interested in purchasing Pinterest has again sparked interest in the company and while investors will have to wait to see whether there is any truth to it, I believe Pinterest can thrive on its own in the long run.
(Bloomberg) -- The world’s diesel market is once again flashing signs of chaos, undermining the global economy with a fresh bout of inflationary pressure.Most Read from BloombergRolex Prices to Drop Further as Supply Surges: Morgan StanleyPutin Tried for Years to Stop His Military From Using Western Parts — And Mostly FailedWorld Faces New Threats From Fast-Mutating Omicron VariantsStocks Upended by Inflation Survey’s Sobering View: Markets WrapUkraine Latest: US to Give Another $725 Million in
Most retired workers depend on multiple streams of income during their retirement. Two of the most common such income streams are Social Security and pensions. If we look at pension vs. Social Security income, we find significant differences. Retired workers … Continue reading → The post Pension vs. Social Security: Key Differences appeared first on SmartAsset Blog.
Tesla "is a solution" to the economy's problems, says Ark Invest CEO Cathie Wood.
Knowing how much you need for retirement is multi-factored: It’s not just about how much you saved, it’s also about knowing how much you will spend on a monthly basis. “Typically, people need around 70% to 80% of the pre-retirement income in retirement to maintain a lifestyle,” says certified financial planner Spencer Betts of Bickling Financial Services.
One barista said complicated orders bring her to "a screeching halt."
The Oracle of Omaha has a secret $5.9 billion investment portfolio that's been piling into two specific stocks.
Almost half of baby boomers and more than one-third of Generation X expect to work past age 70 or do not plan to retire at all, highlighting the need for backup plans in case life’s unexpected events get in the way of such goals. According to a study by nonprofit Transamerica Center for Retirement Studies in collaboration with the Transamerica Institute, 49% of baby boomers expect to, or already have, extended their working lives past 70 or do not plan to retire. Collinson pointed out that most people retire sooner than they had planned, with the majority retiring before age 65 due to employment-related reasons, their health or the health of a loved one.
‘This is what annihilation looks like,’ tech expert Jordan Schneider said after mass resignations ‘paralyze’ Chinese chip industry
Boeing was dragged into the case for the first time as lawyers quarrelled over access to a preliminary contract for its 737 MAX jets - illustrating the domino effect on a $150 billion global jetliner industry from the rare London legal battle. Qatar Airways is suing Airbus in a division of the High Court over damage to the painted surface and anti-lightning system on A350 jets, saying safety could be at risk. Backed by European regulators, Airbus acknowledges quality flaws but insists the jets are safe.
Dimon says consumers remains strong for now but could feel the burden of inflation next year, as the Fed continues hiking rates
Airbus SE (OTC: EADSY) and Qatar Airways clashed in court in a dispute over damage to A350 jetliners. Qatar Airways is suing Airbus over damage to the painted surface and anti-lightning system on A350 jets, saying safety could be at risk from a design defect, Reuters reported. The two companies are mandated to provide documents about their claims as the dispute is headed toward a London aerospace trial in mid-2023 if no settlement is reached. Airbus has denied the allegation and in response, has
Another Amazon Prime Day event is history and reports about it are "ho hum" Let's check out Amazon's charts and indicators to see what strategy makes sense now. In our October 4 review of AMZN we wrote that "A second Prime Day sounds good to me -- there are a number of things we need around the house -- but that is not enough to overcome the weak indicators I am seeing on the charts.
The maximum amount of earnings subject to the Social Security tax will increase to $160,200 from $147,000 starting in January.
With 2021 coming to a close, T. Rowe Price says there are several moves that people saving for retirement should make by the end of the year. The investment management giant says harvesting losses for tax purposes, reassessing your asset allocation … Continue reading → The post Saving for Retirement? Investment Giant Says Make These 3 Moves By Years End appeared first on SmartAsset Blog.
After years of Netflix execs spurning the idea of serving up commercials to viewers, the streaming giant is flipping the switch on its first cheaper, ad-supported plan next month. Netflix Basic With Ads will launch in the U.S. on Nov. 3 at 9 a.m. PT, priced at $6.99 per month, the company announced. The cheaper […]
The Social Security cost of living adjustment will increase to highest level in 40 years. This, after new numbers out Thursday showed prices for food and rent continue to rise.