The global Gas Sensor Market was valued at $2.54 Billion in 2017 and is forecast to grow at a modestxx.3 % CAGR between 2018 and 2025, culminating in 2025 global sales of $3.7 Billion.
The gas sensor is a device which detects the presence of gases & different flammable conditions to be accurately measured. It is used to measure & indicate the concentration of certain gases in an air. They are often battery-operated devices used for safety purpose. they are produced as stationary or portable units work by signifying the level of gases through a visible or audible indicator like light signals, alarms. These types of devices are important because there are many gases that can be harmful to organic life such as animals or humans
“Optimal Price Point (OPP) for Gas Sensor”
Estimated Average product/ service cost – $ xx globally. However, with improving access and availability of options, OPP and range of acceptable Prices (RAP) are going to change. We at Ameri Research continuously track these prices with our proprietary pricing model.
Due to the wide array of products available in the market, pricing, positioning, and sales channel optimization play a vital role in the success of a product. On an average, in the China Gas Sensors are available at USD xxx- USD xxxx. However, the high-end products are available at much higher prices. The prices in emerging countries and developed countries vary significantly due to the difference in purchasing power and availability of latest products.
Gas Sensor “by Product Categories”
We have segmented the Gas Sensor based on product categories as Oxygen (O2)/Lambda, Carbon Dioxide (CO2), Carbon Monoxide (CO), Nitrogen Oxide (NOx), Methyl Mercaptan Sensors, Others.
We have observed the significant use of carbon dioxide gas sensor for industrial process assist in found faults purpose which leads the market growth during the forecast period
Gas Sensor by“Technology”
We have segmented the Gas sensor market based on Technology are Electrochemical, Semiconductor, Solid State/MOS, Photo-Ionization Detector (PID), Catalytic, Infrared, Others.
We have observed the significant use of the Electrochemical gas sensor in industrial, automotive, medical for efficiency & accuracy and they can be attributed to their ability to improve control emission of toxic gases, improve air quality. This functions lead boosts the market growth during the forecast period.
Gas Sensor Market by “End-Use”
We have segmented the Gas Sensor market based on end-use as Medical, Environmental, Petrochemical, Automotive, Industrial, Agriculture, Others
Europe accounted for the maximum revenue share of over xx% in 2017 due to increased demand of Food Preservative followed by North America-Top 5 countries contribute $X.6 Billion in 2017 and expected to reach $x.5 Billion by 2023.
The key regions analyzed in the study include Europe, North America, Asia-Pacific, Latin America, and the Middle East& Asia Pacific. In 2017, Europe has the major market share followed by North America.
Due to the Medical industry food storage sector and increasing obesity among the population. North America is expected to have the growth such as U.S., Canada encouraging providing profit margins to key market participants, and rising disposable income is driving the regional market.
“Competitive Landscape “and “Merger & Acquisition Insights”
The key market participants include GFG Europe Ltd, Siemens AG, ABB Ltd, Nemoto & Co., Ltd, Robert Bosch LLC, Membrapor AG, Figaro Engineering, AlphaSense are few major players in Gas sensor Markets. The market for Gas Sensors is fragmented with a large number of global & local players. Merger &Acquisitions, collaborations & new products launch are some of the major strategies adopted by key market players. Apart from this innovation& new product development are a major focus area for dominant companies.
Gas Sensor Market by Product Categories (Revenue, Million, 2014 – 2025)
- Oxygen (O2)/Lambda
- Carbon Dioxide (CO2)
- Carbon Monoxide (CO)
- Nitrogen Oxide (NOx)
- Methyl Mercaptan Sensors
Gas Sensor Market by Technology (Revenue, Million, 2014 – 2025)
- Solid State/MOS
- Photo-Ionization Detector (PID)
Gas Sensor Market by End-Use (Revenue, Million, 2014 – 2025)
Gas Sensor Market Regional Outlook (Revenue, USD Million, 2014- 2025)
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
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