The Gas Sensor Market is Predict to reach $3.5 Billion by 2030, at a CAGR of 9.4%

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Gas Sensor Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Gas Sensor Market size is expected to reach $3.5 billion by 2030, rising at a market growth of 9.4% CAGR during the forecast period. In the year 2022, the market attained a volume of 7,670.1 thousand units, experiencing a growth of 9.4% (2019-2022).

The Wired segment is capturing maximum revenue in the Global Gas Sensor Market by Type in 2022; thereby, achieving a market value of $1.9 billion by 2030. The expansion of the wired segment allows for establishing extensive sensor networks, enabling broader coverage for monitoring various gases in large industrial facilities, agricultural fields, or smart cities. Wired gas sensors can be easily integrated into existing wired infrastructure in industrial plants or buildings, facilitating upgrades and expansions without significant modifications. Wired communication is generally less susceptible to interference compared to wireless systems.

The Carbon Monoxide (CO) Sensors segment would exhibit a CAGR of 9.2% during (2023 - 2030). CO2 sensors are commonly used for monitoring indoor air quality. In commercial buildings, schools, offices, and residential spaces, these sensors help maintain optimal CO2 levels, ensuring a healthy and comfortable environment. As awareness of indoor air quality increases, the demand for CO2 sensors will likely grow. CO2 sensors are key in building automation and HVAC (heating, ventilation, and air conditioning). By measuring CO2 levels, these sensors help optimize ventilation rates and control HVAC systems, contributing to energy efficiency and occupant comfort.

The Electrochemical segment is registering maximum revenue in the Global Gas Sensor Market by Technology in 2022; thereby, achieving a market value of $1.1 billion by 2030. Electrochemical sensors are known for their high sensitivity to specific gases. They can detect low concentrations of target gases and offer excellent selectivity, distinguishing between different gases even when present in complex environments. Electrochemical sensors can be designed to detect a wide range of gases, including toxic gases such as CO, hydrogen sulfide (H2S), and various volatile organic compounds (VOCs).

The Medical segment is experiencing a CAGR of 11.3% during (2023 - 2030). Gas sensors are used in respiratory monitoring devices to measure the concentration of gases such as O2 and CO2 in exhaled breath. Continuous monitoring of these gases is essential in critical care units, during surgeries, and for patients with respiratory disorders. Gas sensors contribute to maintaining a safe and healthy environment in medical facilities by monitoring air quality and detecting the presence of harmful gases or airborne contaminants.

The Asia Pacific region dominated the Global Gas Sensor Market by Region in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $1.2 billion by 2030. The Europe region is anticipated to grow at a CAGR of 9% during (2023 - 2030). Additionally, The North America region would witness a CAGR of 9.2% during (2023 - 2030).

Full Report: https://www.kbvresearch.com/gas-sensor-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.

Global Gas Sensor Market Segmentation

By Type (Volume, Thousand Units, USD Billion, 2019-2030)

Wired
Wireless

By Product (Volume, Thousand Units, USD Billion, 2019-2030)

Carbon Dioxide (CO2) Sensors
Carbon Monoxide (CO) Sensors
Oxygen (O2)/Lambda Sensors
Nitrogen Oxide (NOx) Sensors
Others

By Technology (Volume, Thousand Units, USD Billion, 2019-2030)

By End User (Volume, Thousand Units, USD Billion, 2019-2030)

Industrial
Environmental
Medical
Agriculture
Petrochemical
Building Automation & Domestic Appliances
Automotive
Others

By Geography (Volume, Thousand Units, USD Billion, 2019-2030)

North America
- US
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA

Companies Profiled

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