Latest News- Gas Sensors Market: Wired is expected to lead the Type segment during 2025-2029

The Gas Sensors Market is being driven by Increase in LNG trade

The Gas Sensors Market is expected to grow at a CAGR of 11% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 975.9 million. In the Gas Sensors Market, key players are strategically expanding their product portfolios through new product launches to increase market penetration and capture larger shares. This market comprises both multinational and local entities. New product introductions enable companies to enhance their offerings and cater to diverse end-user requirements. For example, Alphasense unveiled the H-Series sensor in June 2023, a compact format for portable devices, and Flyability launched a new flammable gas sensor for the Elios 3 drone in October 2024, offering real-time combustible gas warnings for improved safety in hazardous settings. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Wired
  • Wireless
• End-user
  • Industrial
  • Petrochemical
  • Building automation and domestic appliances
  • Automotive
  • Others
• Product Type
  • Carbon dioxide
  • Carbon monoxide
  • Oxygen
  • Methane
  • Others
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increase in LNG trade
• Emphasis on improving workplace safety
• Rising applications of gas sensors in mining industry

However, the market also witnesses some limitations, which are as follows:

• Issues related to sensitivity, selectivity, and stability of gas sensors
• Technical challenges in production of gas sensors
• False alarms during operation hindering adoption of gas sensors

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Market Scope in Gas Sensors Market Research Report

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Research Analysis Overview

The Gas Sensor Market encompasses sensors designed for detecting toxic gases in various industries, including the industrial, chemical, oil & gas, power, and mining sectors. Miniaturization and wireless capabilities are key trends, enabling communication through technologies like IoT networks for remote monitoring. Toxic gases from industrial processes, harmful emissions, and combustible gases (methane, LPG, LNG) are primary concerns. Leading players launch new products to meet international standards, while wired and wireless gas sensors (electrochemical, infrared) ensure industrial safety and air quality. Applications span from automotive manufacturing and healthcare to smart cities and building automation, addressing pollution concerns in the industrial, petrochemicals, and mining segments. Government regulations drive market growth, with gas analyzers and replacement sensors essential for industrial safety and environmental monitoring.

Market Research Overview

The global electronics market encompasses manufacturers of communications equipment, technology hardware and storage, electronic instruments, and electronic components. Within this segment, the electronic components sector is experiencing significant growth, driven by the increasing demand for Internet of Things (IoT) devices. Gas sensors, miniaturized and equipped with wireless capabilities and advanced communication technologies, are a key component of this trend. These sensors are integral to the detection and monitoring of toxic gases, harmful emissions, and combustible gases in various industries, including the chemical, industrial processes, oil & gas, power, and automotive sectors. Government regulations mandating safety and emissions standards further fuel market growth.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/