Future of Gas Sensor Market: SWOT Analysis, Five Forces Analysis, Growth Aspects by 2027

Emergence of gas sensors in HVAC system, growth in government standards and regulations concerning emission control, and rise in need for air quality monitoring in smart cities have augmented the growth of the global gas sensor market.

The global gas sensors market is segmented by type, technology, end-use, and region. By gas type, the methane segment dominated the market in 2019, accounting for nearly one-fifth of the global gas sensor market. The segment is anticipated to dominate the market throughout 2027. On the other hand, the oxygen segment is anticipated to manifest the highest CAGR of 8.7% during the forecast period.

The global gas sensor marketaccounted $823.1 million in 2019, and is projected to hit $1.33 billion by 2027, registering a CAGR of 6.4% from 2020 to 2027. The report offers an extensive analysis of changing market trends, top winning strategies, business performance, top impacting factors, and competitive heat map.

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By technology, the infrared gas sensor segment is projected to portray the highest CAGR of 8.7% during the forecast period. Nevertheless, the electrochemical gas sensor segment dominated the market in 2019, accounting for nearly one-third of the global gas sensor market, and would lead the trail throughout 2027.

Based on region, the global gas sensor market across Asia-Pacific accounted for the largest share in 2019, contributing to more than two-fifths of the market. The region would rule the roost throughout the forecast period. Furthermore, the region is expected to register the fastest CAGR of 7.7% during the forecast period. The report also analyzes region across Europe, LAMEA, and North America.

KEY OFFERINGS OF THE REPORT:

• Key drivers & Opportunities: An extensive analysis on key factors and opportunities available in different segments for strategizing.

• Current trends & forecasts: A comprehensive analysis on latest trends, and forecasts for next few years to frame strategic decisions as a next step.

• Segmental Analysis: An extensive analysis of each segment and driving factors such as revenue and growth rate is offered.

• Regional Analysis: A thorough analysis of each geographic region can help market players devise expansion strategies and gain from the opportunity.

• Competitive Landscape: Useful insights on each of the leading market players for outlining competitive scenarios and related strategies have been offered in the report.

The market leaders in the report include Nemoto Gas Sensors, Honeywell Analytics, Figaro Engineering Inc, MSA, Alphasense, GASTEC Corporation, Membrapor, Amphenol, Dynament, and Sensirion.

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