According to a new report, published by KBV research, The Global Infrared Gas Sensor Market size is expected to reach $382.8 million by 2030, rising at a market growth of 8.4% CAGR during the forecast period.
The Fixed segment is leading the Global Infrared Gas Sensor Market by Type in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $246.5 million by 2030. The development of IR sensors, which encourages infrared technology for gas detection, is to blame for this. Additionally, IoT has expanded its application in the industry by including infrared oxygen sensors.
The Automotive segment is showcasing a CAGR of 8% during (2023 - 2030). Real-time monitoring of gas levels is possible because of the quick reaction times of infrared gas sensors. This feature is essential to preserving the effectiveness and safety of automobile equipment like catalytic converters or exhaust gas recirculation (EGR) systems. Infrared gas sensors are used in the automobile sector to accurately and effectively monitor gas levels, regulate emissions, and increase safety. These benefits eventually result in a cleaner and safer driving environment.
The Asia Pacific region dominated the Global Infrared Gas Sensor Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $155 million by 2030. The Europe market is poised to grow at a CAGR of 7.9% during (2023 - 2030). Additionally, The North America market would witness a CAGR of 7.7% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/infrared-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 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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