Global Gas Sensors Market 2023-2027

Global Gas Sensors Market 2023-2027
The gas sensors market is forecasted to grow by USD 719.28 mn during 2022-2027, accelerating at a CAGR of 9.98% during the forecast period. The report on the gas sensors market provides a holistic analysis, market size, and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by an increase in LNG trade, emphasis on improving workplace safety, and rising applications of gas sensors in the mining industry.

Technavio's gas sensors market is segmented as below:

By End-userIndustrialPetrochemicalBuilding automation and domestic appliancesAutomotiveOthersBy TypeWiredWirelessBy Geographical LandscapeAPACNorth AmericaEuropeSouth AmericaMiddle East and AfricaThis study identifies the new product launches as one of the prime reasons driving the gas sensors market growth during the next few years. Also, the growing popularity of wireless gas sensors among end-users and the emergence of smart gas detectors will lead to sizable demand in the market.

The report on the gas sensors market covers the following areas:Gas sensors market sizingGas sensors market forecastGas sensors market industry analysisThe robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading gas sensors market vendors that include ABB Ltd., AMETEK Inc., Amphenol Corp., ams OSRAM AG, Angst Pfister Sensors and Power AG, DENSO Corp., Dragerwerk AG and Co. KGaA, eLichens, Figaro Engineering Inc., GASTEC CORP., Honeywell International Inc., Industrial Scientific Corp., Nemoto and Co. Ltd., Niterra India PVT. LTD., Robert Bosch GmbH, Senseair AB, Siemens Energy AG, Sensirion AG, Techcomp Instruments Ltd., and MEMBRAPOR AG. Also, the gas sensors market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.