Gas Sensor Market to Garner $1.33 Bn, Globally, by 2027 at 6.4% CAGR, Says Allied Market Research
- Advent of gas sensors in HVAC system, growth in government standards and regulations concerning emission control, and surge in need for air quality monitoring in smart cities have boosted the growth of the global gas sensor market
- - Advent of gas sensors in HVAC system, growth in government standards and regulations concerning emission control, and surge in need for air quality monitoring in smart cities have boosted the growth of the global gas sensor market
PORTLAND, Oregon, June 9, 2020 /PRNewswire/ -- Allied Market Research recently published a report, "Gas Sensor Market by Gas Type (Carbon Monoxide, Methane, Hydrogen, Ammonia, Oxygen, and Others), Technology (Infrared Gas Sensor, Photo Ionization Sensor, Electrochemical Gas Sensor, Thermal Conductivity Gas Sensor, Metal Oxide-Based Gas Sensor, Catalytic Gas Sensor, and Others)and End Use (Defense & Military, Healthcare, Consumer Electronics, Automotive & Transportation, Industrial, and Others): Global Opportunity Analysis and Industry Forecast, 20202027". - By gas type, the methane segment dominated the market in 2019, accounting for nearly one-fifth of the global gas sensor market, owing to its usage in domestic gas leakage detector, industrial combustible gas detector, portable gas detector, and in gas leak alarm.
- However, the electrochemical gas sensor segment dominated the market in 2019, holding nearly one-third of the global gas sensor market, due to rise in demand for the electrochemical sensor for emission control.
- The global gas sensor market across Asia-Pacific held the largest share in 2019 , accounting for more than two-fifths of the market.