The North America Gas Sensor Market would witness market growth of 9.2% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 1,584.8 thousand units, showcasing a growth of 9.3% (2019-2022).
A gas sensor is a device that measures the concentration or presence of gases in the environment or atmosphere. The substance, which measures output voltage, exhibits a change in resistance based on the concentration of gases in the environment. Continuous advancements in sensor technologies, including miniaturized and cost-effective sensors, have made it easier for industries to integrate gas sensing capabilities into their systems. This has facilitated widespread adoption across small and large enterprises alike.
Gas sensors are extensively used for safety monitoring in industries where toxic or combustible gases pose a threat. These sensors provide real-time data from chemical plants to manufacturing facilities to prevent accidents and protect workers. In urban areas, these are deployed to monitor air quality. They detect pollutants and particulate matter, aiding in assessing environmental conditions and enabling timely interventions to improve air quality. These are crucial for detecting leaks in pipelines, storage tanks, and industrial equipment.
As per the International Trade Administration, the US automotive industry is one of the world's largest. In 2020, the United States sold 14.5 million light vehicles. The United States is the world's second-largest vehicle sales and production region. According to Autos Drive America, automakers produced 5 million vehicles in the United States in 2020. The automotive industry in the U.S. is increasingly adopting clean and green technologies, such as electric and hybrid vehicles. Due to the above-mentioned factors, the market will grow significantly in this region.
The US market dominated the North America Gas Sensor Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $710.8 million by 2030. The Canada market is experiencing a CAGR of 11.7% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 10.7% during (2023 - 2030).
Based on Type, the market is segmented into Wired and Wireless. Based on Product, the market is segmented into Carbon Dioxide (CO2) Sensors, Carbon Monoxide (CO) Sensors, Oxygen (O2)/Lambda Sensors, Nitrogen Oxide (NOx) Sensors and Others. Based on Technology, the market is segmented into Electrochemical, Solid State/MOS, Infrared (IR), Catalytic, Photo-ionization Detector (PID) and Others. Based on End User, the market is segmented into Industrial, Environmental, Medical, Agriculture, Petrochemical, Building Automation & Domestic Appliances, Automotive and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Gas Sensor Market is Predict to reach $3.5 Billion by 2030, at a CAGR of 9.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Siemens AG, Robert Bosch GmbH, Amphenol Corporation, ABB Group, GfG Gesellschaft für Gerätebau mbH, Honeywell International, Inc., Dragerwerk AG & Co. KGaA, Process Sensing Technologies, Tokuyama Corporation, and Nemoto & Co.,Ltd.
By Type (Volume, Thousand Units, USD Billion, 2019-2030)
By Product (Volume, Thousand Units, USD Billion, 2019-2030)
By Technology (Volume, Thousand Units, USD Billion, 2019-2030)
By End User (Volume, Thousand Units, USD Billion, 2019-2030)
By Country (Volume, Thousand Units, USD Billion, 2019-2030)
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