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Huge Demand from Automotive Sector to Fuel the Growth of Gas Sensors Market in the Coming Years

Author : Ronak Bora | Published Date : 2019-03-11 

Gas sensors market is one among the few vibrant business spheres where innovations and technology quite aptly outline the key to profitability and opportunities. The industry participants are thoroughly investing in research activities to bring product improvisations in terms of advancements and sustainability quotients, that in extension is enhancing the product and commercialization matrix of this fraternity.

Increasing government initiatives to provide safe working environment to the workers at industrial plants is anticipated to provide lucrative growth prospects for the gas sensor market. Moreover, with rapid global urbanization, greenhouse gas emissions have increased tremendously, necessitating the deployment of gas sensing devices. Manufacturing industries, transportation sector, energy sector, and building sector are the major industries contributing to poor air quality.

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Environmental organizations globally have been working on addressing the growing concerns regarding deteriorating air quality. Many countries have been able to reduce greenhouse gas emissions significantly by increasing awareness regarding emissions, regulations, standards, and codes for gas leakage detection. This is compelling industries to integrate such components, driving the market.

The gas sensor market has witnessed significant technological advancements over the past few years. The evolution of printed sensor manufacturing and the demand for flexible electronics have propelled the industry adoption. Several novel gas sensing technologies have emerged in the market including wearable gas sensors, flexible-printed gas sensors, e-nose, wireless gas sensors, carbon nanotubes, and zeolites. PIDs are undergoing improved enhancements and remain a preferred choice for VOC detection. Wearable gas sensors are being developed particularly for military applications.

The carbon dioxide gas sensor market will grow significantly in the future due to its widespread use in the bulk food storage industry. These components keep a check on the admissible levels of CO2 in the storage units while detecting early food spoilage. Moreover, the growing penetration of CO2 components in automotive applications will safeguard drivers from the emission of hazardous gases. These sensors are used for monitoring indoor air quality as well as industrial process control.

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The expanding automobile sector and rising trend of automation across a myriad range of domains are chronicled to be some of the major factors driving APAC gas sensors market . Reportedly, China and India are anticipated to be the major revenue pockets for APAC gas sensors industry. The growth in these regions can be primarily credited to the phenomenally increasing technological developments with regards to curtailment of hazardous air pollutant emissions.

Allegedly, China has been remarkably incorporating miniaturized and wireless sensors to enable convenient detection of toxic gases. Moreover, the growing urbanization and demand for technologically upgraded products such as E- compressor and E-turbo is further fueling China gas sensors market share.

With the expanding application spectrum of gas sensors industry across a myriad range of sectors including consumer electronics, medical, environmental, petrochemical, automotive, industrial and the increasing trend of wireless and miniatured devices, it is overt for this business space to record commendable gains in the ensuing years. Statistics project the global gas sensors market to surpass USD 3 billion by 2024.

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About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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