The North America Infrared Gas Sensor Market would witness market growth of 7.7% CAGR during the forecast period (2023-2030).
Smart electronic devices called infrared gas sensors are used to find and identify different kinds of combustible and non-combustible gases in an outdoor or indoor environment. The NDIR (Non-Dispersive Infrared) gas sensor is connected to a control system so that it may detect a leak and send the signal to turn off the system or sound an alert. Such sensors are used in various applications, including industrial automobiles, defense, and military.
The development of the market is necessitated by the demand to monitor and regulate gas emissions by different industrial processes continuously. The many applications for infrared oxygen sensors span from commercial to home settings. Applications for installing gas sensors include, for example, keeping an eye on chemical reactions, combustion engine exhaust, and air pollution. Various gases have been used as raw materials in various industries recently. Controlling and monitoring these gases becomes crucial due to the high potential for harm to property and people. Some gases can potentially be harmful to humans, explosive, or both. The aspects above help the NDIR gas sensor market grow by increasing demand across various global industry verticals, including the automotive, industrial, and other industries.
The United States government is leading the struggle against climate change. As part of this effort, the nation has a proven track record of developing technology and methods to lower greenhouse gas emissions. The United States Environmental Protection Agency (EPA) claims that the oil and gas sector is the country's biggest industrial emitter of methane, higher than the combined emissions of all greenhouse gases from 164 different nations. In addition to benzene and other smog-forming volatile organic compounds (VOCs), oil and natural gas activities also release harmful air pollutants.
The US government started a program in November 2021 to drastically cut emissions from the oil and gas sector. The United States, collaborating with the European Union to spearhead a Global Methane Pledge to cut total methane emissions by 30% below 2020 levels by 2030, is igniting comparable initiatives globally via its activities. In response to several new and growing needs and applications, researchers are putting sophisticated technologies for designing to produce gas sensors into practice.
The US market dominated the North America Infrared Gas Sensor Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $76,113.8 million by 2030. The Canada market is exhibiting a CAGR of 10.1% during (2023 - 2030). Additionally, The Mexico market would experience a CAGR of 9.1% during (2023 - 2030).
Based on Type, the market is segmented into Fixed, and Portable. Based on Vertical, the market is segmented into Industrial, Healthcare, Automotive, Consumer Electronics, Defense & Military, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Infrared Gas Sensor Market is Projected to reach USD 382.8 Million by 2030, at a CAGR of 8.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Heimann Sensor GmbH, Amphenol Corporation, smartGAS Mikrosensorik GmbH, Alphasense Ltd (Ametek, Inc.), ABB Group, Senseair AB (Asahi Kasei Corporation), Process Sensing Technologies, Honeywell International, Inc., Dragerwerk AG & Co. KGaA, and Figaro Engineering, Inc. (New Cosmos Electric Co., Ltd.).
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