Gas Sensors Market Size, Competitive Trends Report Up To 2020: Radiant Insights, Inc

Global gas sensors market is expected to reach USD 2,512.4 million by 2020, as per a new 

research report by Radiant Insights, Inc. High adoption rate of wireless and smart gas sensor

technology coupled with escalating demand from end-use industries such as automotive is 

likely to drive global demand. 

CO2 sensors was the highest revenue generator product segment and was valued USD 479.3 

million in 2013. It is expected to witness significant gains, with estimate of USD 696.2 million 

at a CAGR of 5.5% from 2014 to 2020. 

Increasing demand from industrial and bulk food storage sectors is spurring the demand growth 

during the forecast period. Nitrogen Oxide (NOx) was valued at USD 148.3 million in 2013, and is 

expected to reach USD 225.3 million by 2020, growing at an estimated CAGR of 6.2% over the 

next few years.

Wireless sensors detect concentration of the target gas, and transmit a proportional signal. Since 

they can be used in remote or hard-to-reach locations, the demand is expected to remain strong 

in the coming years. Other benefits include ease of installation, cost effectiveness, and the ability 

to create a network of sensors. 

Smart gas sensors can be integrated into portable electronic devices such as smartphones and 

tablets, which helps enhance overall performance under harsh external conditions. Use of shale 

gas in electricity production is likely to pose challenge to industry participants.

Browse Full Report With TOC @ http://www.radiantinsights.com/research/gas-sensors-market

Key report insights suggest:

•    Global gas sensors market was valued USD 1,782.1 million in 2013 and is forecast to grow at 

over 5% from 2014 to 2020.

•    Global demand in industrial sector was USD 354.9 million in 2013 which is expected to reach 

USD 493.2 billion by 2020, growing at a CAGR of 4.9% over the next few years. Government 

norms to ensure occupational health and safety of workers are predictable to spur the industry 

growth. Environmental sector is expected to grow at a CAGR of 5.6% over the forecast period.

•    Electrochemical was the leading technological segment and expected to reach USD 485.6 

million by2020 at a CAGR of 5.1% over the forecast period. They are able to detecting several 

gases and cost effective in nature. Infrared was valued USD 272.6 million in 2013 and expected 

to be the fastest growing segment. 

•    Europe dominated global demand with an market share estimated over 30% in 2013. Asia

 Pacific gas sensors market is expected to be the fastest growing region, growing at a CAGR of 6% 

up to 2020. The region is expected to grow at a higher rate owing to technological advancement 

and innovation in this region.

•    Fairly competitive industry consists of top five manufacturers accounting for more than 60% 

of the industry share. Major participants include City Technology, Alphasesnse, Membrapor AG, 

Dynament Ltd. and Figaro Engineering among others.

For the purpose of this report, Radiant Insights has segmented the gas sensors market on the 

basis of technology, product, end-use and region:

Global Gas Sensors Technology Overview (Revenue, USD Million, 2012 - 2020)

•    Electrochemical

•    Semiconductor

•    Solid State

•    PID

•    Catalytic

•    Infrared

Global Gas Sensors Product Overview (Revenue, USD Million, 2012 - 2020)

•    Oxygen

•    Carbon Dioxide

•    Carbon Monoxide

•    NOx

Global Gas Sensors End-Use Overview (Revenue, USD Million, 2012 - 2020)

•    Medical

•    Building Automation & Domestic Appliances

•    Environmental

•    Petrochemical

•    Automotive

•    Industrial

Global Gas Sensors Regional Overview (Revenue, USD Million, 2012 - 2020)

•    North America

•    Europe

•    Asia Pacific

•    RoW

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Contact:                                                  

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Corporate Sales Specialist, USA

Radiant Insights, Inc

Phone: 1-415-349-0054

Toll Free: 1-888-202-9519

Email: sales@radiantinsights.com

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