Gas sensor market is expected to grow at a compound annual growth rate of 5.99% over the forecast period to reach US$2,340.188 million by 2023, from estimated value of US$1,651.126 million in 2017.
The gas sensor is basically used for safety purposes to detect toxic or combustible gasses such as Carbon Monoxide (CO) both in residential and industrial locations. These sensors detect the concentration of harmful gasses and aid in preventing poisoning in industrial environments.
Technology innovation, primarily due to enhanced manufacturing processes and embedded electronics coupled with occupational safety and health regulation, is expected to drive the Gas Sensor market. Furthermore, development of wireless sensors coupled with increasing awareness regarding the air quality will further add to the growing demand for these sensors over the forecast period.
Major industry players profiled as part of the report are Nissha FIS, Inc., TDK-Micronas GmbH, Alphasense, Dynament, and Amphenol Advanced Sensors among others.
The gas sensor market has been analyzed through following segments:
- Carbon Monoxide
- Carbon Dioxide
- Nitrogen Oxide
By End User
- Nissha FIS, Inc.
- TDK-Micronas GmbH
- Figaro Engineering, Inc.
- Amphenol Advanced Sensors
- Sensirion AG
- Sensor Electronics
For more information about this report visit https://www.researchandmarkets.com/research/ct5cx3/2_34_bn_gas?w=4