Global Gas Sensors to surpass $2.8bn by 2024

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Global Gas Sensors Industry to hit 2.8bn by
2024 Fractovia.org
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights of Gas Sensors Market

• The recent years have witnessed gas sensor market
  observing a paradigm shift in their application
  spectrum. Conventionally constrained to be
  deployed in industrial leak detection systems and
  carbon dioxide alarms, gas sensor, as on today,
  are being utilized for a plethora of other
  domains right from automotive and petrochemical
  to the emerging ones such as consumer electronics
  and medical. One of the most pivotal reasons
  responsible for myriad innovations in gas sensors
  industry is the emergence of the smart era.
  Companies have been brainstorming advancements
  left right and center, to manufacture gas sensor
  for smart homes and cities.
• Recently for instance, Sensirion AG, a renowned
  flow sensor solution provider partaking in gas
  sensors market share, launched the SGP gas
  sensors at the Measurement Fair held at
  Nuremberg. Reportedly, it is the first stable
  metal-oxide gas sensor that has been designed to
  integrate four gas detecting elements into a
  rather miniature DFN package encompassing a
  calibrated air quality output signal. Endowed
  with the features of multi-pixel technology and
  long-term stability, the SGP sensor has been
  touted to create waves of anticipation in gas
  sensors industry. Furthermore, experts forecast
  that the product would generate lucrative avenues
  for gas sensor market across smart appliances,
  smart homes, and other IoT applications.

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Continued.

• Gas sensor, with their exceptional ability to
  monitor pollutant levels and maintain air
  quality, are the go-to devices for reducing the
  impact of pollution on the environment, owing to
  which they are liberally used in environmental
  monitoring systems. Some of the key participants
  in gas sensors industry have even been observed
  to have taken note of the advantages these
  sensors offer over traditional reference
  equipment and environmental modelling techniques,
  and in accordance to the same, have come up with
  a range of products targeted specifically toward
  proving beneficial for the environmental domain.
• AerNos for example, has recently come up with a
  miniature version of a highly accurate nano gas
  sensor that has been designed to detect harmful
  gases to parts per billion and to be incorporated
  with connected devices finding their way into
  smart cities. The sensor, called AerSCAP, has
  been configured to be integrated into parking
  systems, street lights, traffic lights, public
  transportation systems, surveillance systems, and
  other smart city assets, and is slated to
  dynamically transform gas sensor market trends.

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U.S. gas sensors market size, by application,
2016 2024 (USD Million)

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Continued

• Gas sensor are likely to be used in numerous
  devices such as smartphones, refrigerators,
  tablets, and wearables to detect carbon dioxide
  and VOCs. In fact, lately sensors are being
  widely used in smart appliances for freshness
  maintenance and food spoilage detection.
  Companies have been striving to brainstorm a
  range of products such as connected refrigerators
  that will protect consumers from potential health
  hazards arising from pesticide residues and
  foul-smelling meals. The commercialization scope
  of gas sensors market thus, is likely to depict a
  surge on account of the product deployment in
  consumer electronics.
• Recently, a team of scientists came up with a
  low-power, chemical-sensitive field-effect
  transistor (CS-FET) designed to operate at room
  temperature. Highly sensitive but configured to
  consume less power, the FET-based gas sensor have
  the ability to detect a variety of gases in the
  atmosphere. This move validates the efforts
  undertaken by gas sensor market giants in RD
  activities to develop portable air-quality
  monitoring devices that can be embedded into
  consumer electronics devices such as smartphones
  and tablets. While the work on expanding the
  scope of this platform to personal electronics is
  still underway, it is unquestionable that the
  product would most certainly transform gas sensor
  industry outlook from the consumer electronics
  sector.

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Continued.

• The emergence of smart cities has been predicted
  to lead to transformational shift of sorts in gas
  sensor market, as these products help monitor air
  pollution levels, climate gases, upgrade aging
  infrastructure, and provide security four
  primary aspects that significantly enable the
  evolution of smart cities. A report by a leading
  research firm claims global smart cities market
  to cross an approximate valuation of USD 1.5
  trillion by 2020.
• Thus, the rising efforts toward constructing
  smart cities will turn out to be principal
  driving force behind the growth of gas sensor
  industry, as these initiatives would demand the
  deployment of advanced sensors for GHG emission
  reduction, pollution detection at the granular
  level, chemical system detection for security,
  etc. Supported by an increasingly stringent
  regulatory framework toward environmental safety
  and worker safety at factories, in conjunction
  with the robustly prevalent trends of connected
  consumer electronics appliances and smart city
  development, gas sensors market size has been
  forecast to register a valuation of USD 2.8
  billion by 2024.

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