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Published: Mar, 2014 | Pages:
98 | Publisher: Grand View Research
Industry: Semiconductors | Report Format: Electronic (PDF)
The global market for gas sensors is expected to reach USD 2,512.4 million by 2020. Regulatory initiatives, in developed markets of North America and Europe, in order to boost occupational health and safety are expected to drive the market over the forecast period. Additionally, growing demand from end-use industries is expected to positively impact global market prospects.
Positive outlook on demand for smart and wireless gas sensors can primarily be attributed to their effectiveness in detecting toxic gases in hazardous environmental conditions. Regulations for safety put forth by Occupational Safety and Health Administration (OSHA) and the Health and Safety at Work Act (HSWA) have been critical in enhancing market penetration across numerous industries in recent times. The use of hydrogen as an alternative fuel in hybrid vehicles is also expected to be a considerable opportunity for industry participants in the coming years.
Further key findings from the study suggest:
Carbon dioxide (CO2) sensors accounted for 26.8% of the overall market share in 2012. However, reducing carbon emissions, and the use of alternatives such as shale gas for power generation are expected to limit the CO2 sensors market from reaching its full potential. Nitrogen oxide (NOx) sensors are expected to be the fastest growing product segment, with an estimated CAGR of 6.2% from 2014 to 2020. NOx sensors cost significantly higher as compared to other products, and are mainly used for exhaust gas emission detection in automotives.
Electrochemical technology accounted for 19.3% of the market in 2012, and is expected to dominate global demand over the next six years. Sensors employing electrochemical gas sensing technology are capable of detecting multiple gases; in addition, they are reliable and cost effective in nature. Infrared gas sensing technology is expected to register the fastest growth of 5.7% from 2014 to 2020. It helps measure volatile organic compounds (VOC), methane, carbon dioxide, etc., and the absence of a chemical reaction ensures longer life span.
Gas sensors employed for industrial purposes accounted for around 20% of the overall market in 2012, and are further expected to remain the largest market segment over the forecast period. The medical segment is also estimated to be a high growth avenue, and involves monitoring oxygen concentration in incubators as well as ventilators. It is expected to grow faster than the global average, at a CAGR of 5.2% from 2014 to 2020.
Asia Pacific is expected to be the largest regional market by 2020, spurred by enhancements in sensor technology, and growing demand for handheld sensors and devices. It is also estimated to be the fastest growing region, at a CAGR of 6.0% from 2014 to 2020. Gas sensors are largely used in the automotive sector; therefore, growing automotive production and demand is expected to give impetus to the industry.
Major industry participants follow development and innovation led strategies to strengthen their foothold in the ecosystem. R&D activities for boosting technological enhancement are also implemented to drive competitive advantage. Companies operating in the market include Honeywell-owned City Technology Ltd., Membrapor AG, Alphasense, Figaro Engineering, and Dynament Ltd. among others.
For the purpose of this study, Grand View Research has segmented the global gas sensors market on the basis of product, technology, end-use industry and region:
Gas Sensors Product Outlook (Revenue, USD Million, 2012 - 2020)
Oxygen/Lambda Sensors
Carbon Dioxide Sensors
Carbon Monoxide Sensors
NOx Sensors
Others
Gas Sensors Technology Outlook (Revenue, USD Million, 2012 - 2020)
Electrochemical
Semiconductor
Solid State/MOS
PID
Catalytic
Infrared (IR)
Others
Gas Sensors End-Use Industry Outlook (Revenue, USD Million, 2012 - 2020)
Medical
Building Automation & Domestic Appliances
Environmental
Petrochemical
Automotive
Industrial
Others
Gas Sensors Regional Outlook (Revenue, USD Million, 2012 - 2020)
North America
Europe
Asia Pacific
RoW
Table of Contents
Chapter 1 Executive Summary 1.1 Gas Sensors - Industry Summary & Critical Success Factors (CSFs) Chapter 2 Gas Sensors Industry Outlook 2.1 Market Segmentation 2.2 Market Size and Growth Prospects 2.3 Gas Sensors Value Chain Analysis 2.4 Gas Sensors Market Dynamics 2.5 Key Opportunities Prioritized 2.6 Industry Analysis - Porter's 2.7 Gas Sensors - Company Market Share Analysis 2.8 Gas Sensors - PESTEL Analysis Chapter 3 Gas Sensors Product Outlook 3.1 Oxygen/Lambda Sensors 3.2 Carbon Dioxide Sensors 3.3 Carbon Monoxide Sensors 3.4 NOx Sensors 3.5 Others Chapter 4 Gas Sensors Technology Outlook 4.1 Electrochemical 4.2 Semiconductor 4.3 Solid State/MOS 4.4 PID 4.5 Catalytic 4.6 Infrared (IR) 4.7 Others Chapter 5 Gas Sensors End-Use Industry Outlook 5.1 Medical 5.2 Building Automation & Domestic Appliances 5.3 Environmental 5.4 Petrochemical 5.5 Automotive 5.6 Industrial 5.7 Others Chapter 6 Gas Sensors Regional Outlook 6.1 North America 6.2 Europe 6.3 Asia Pacific 6.4 RoW Chapter 7 Competitive landscape 7.1 ABB Ltd.. 7.1.1 Company Overview 7.1.2 Financial Performance 7.1.3 Product Benchmarking 7.1.4 Strategic Initiatives 7.2 Aeroqual Ltd. 7.2.1 Company Overview 7.2.2 Financial Performance 7.2.3 Product Benchmarking 7.2.4 Strategic Initiatives 7.3 Alphanese 7.3.1 Company Overview 7.3.2 Financial Performance 7.3.3 Product Benchmarking 7.3.4 Strategic Initiatives 7.4 City Technology Ltd. 7.4.1 Company Overview 7.4.2 Financial Performance 7.4.3 Product Benchmarking 7.4.4 Strategic Initiatives 7.5 Dragerwerk AG & Co. KGaA 7.5.1 Company Overview 7.5.2 Financial Performance 7.5.3 Product Benchmarking 7.5.4 Strategic Initiatives 7.6 Dynament Ltd 7.6.1 Company Overview 7.6.2 Financial Performance 7.6.3 Product Benchmarking 7.6.4 Strategic Initiatives 7.7 Figaro Engineering Inc. 7.7.1 Company Overview 7.7.2 Financial Performance 7.7.3 Product Benchmarking 7.7.4 Strategic Initiatives 7.8 GfG Europe Ltd 7.8.1 Company Overview 7.8.2 Financial Performance 7.8.3 Product Benchmarking 7.8.4 Strategic Initiatives 7.9 Membrapor AG 7.9.1 Company Overview 7.9.2 Financial Performance 7.9.3 Product Benchmarking 7.9.4 Strategic Initiatives 7.10 Nemoto & Co., Ltd 7.10.1 Company Overview 7.10.2 Financial Performance 7.10.3 Product Benchmarking 7.10.4 Strategic Initiatives 7.11 NGK Insulators Ltd. 7.11.1 Company Overview 7.11.2 Financial Performance 7.11.3 Product Benchmarking 7.11.4 Strategic Initiatives 7.12 Robert Bosch, LLC 7.12.1 Company Overview 7.12.2 Financial Performance 7.12.3 Product Benchmarking 7.12.4 Strategic Initiatives 7.13 Siemens AG 7.13.1 Company Overview 7.13.2 Financial Performance 7.13.3 Product Benchmarking 7.13.4 Strategic Initiatives 7.14 Trolex Ltd 7.14.1 Company Overview 7.14.2 Financial Performance 7.14.3 Product Benchmarking 7.14.4 Strategic Initiatives 7.15 Yokogawa Electric Corporation 7.15.1 Company Overview 7.15.2 Financial Performance 7.15.3 Product Benchmarking 7.15.4 Strategic Initiatives Chapter 8 Methodology & Scope 8.1 Research Methodology 8.2 Research Scope & Assumptions 8.3 List of Data Sources List of Tables
Gas Sensors - Industry Summary & Critical Success Factors (CSFs) Global Gas Sensors Market Revenue, 2012 - 2020 Global Gas Sensors Market Revenue by Region (USD Million), 2012 - 2020 Global Gas Sensors Market Revenue by Product (USD Million), 2012 - 2020 Global Gas Sensors Market Revenue by Technology (USD Million), 2012 - 2020 Global Gas Sensors Market Revenue by End-Use Industry (USD Million), 2012 - 2020 Global Oxygen gas sensors demand (Revenue), 2012 - 2020 Global Oxygen gas sensors demand by region (Revenue), 2012 - 2020 Global Carbon Dioxide gas sensors demand (Revenue), 2012 - 2020 Global Carbon Dioxide gas sensors demand by region (Revenue), 2012 - 2020 Global Carbon Monoxide gas sensors demand (Revenue), 2012 - 2020 Global Carbon Monoxide gas sensors demand by region (Revenue), 2012 - 2020 Global NOx gas sensors demand (Revenue), 2012 - 2020 Global NOx gas sensors demand by region (Revenue), 2012 - 2020 Global other gas sensors demand (Revenue), 2012 - 2020 Global other gas sensors demand by region (Revenue), 2012 - 2020 Global electrochemical gas sensors demand (Revenue), 2012 - 2020 Global electrochemical gas sensors demand by region (Revenue), 2012 - 2020 Global semiconductor gas sensors demand (Revenue), 2012 - 2020 Global semiconductor gas sensors demand by region (Revenue), 2012 - 2020 Global solid state gas sensors demand (Revenue), 2012 - 2020 Global solid state gas sensors demand by region (Revenue), 2012 - 2020 Global PID gas sensors demand (Revenue), 2012 - 2020 Global PID gas sensors demand by region (Revenue), 2012 - 2020 Global catalytic gas sensors demand (Revenue), 2012 - 2020 Global catalytic gas sensors demand by region (Revenue), 2012 - 2020 Global infrared gas sensors demand (Revenue), 2012 - 2020 Global infrared gas sensors demand by region (Revenue), 2012 - 2020 Global gas sensors demand for other technologies (Revenue), 2012 - 2020 Global gas sensors demand for other technologies by region (Revenue), 2012 - 2020 Global gas sensors demand for medical industry (Revenue), 2012 - 2020 Global gas sensors demand for medical industry by region (Revenue), 2012 - 2020 Global gas sensors demand for Building Automation & Domestic Appliances (Revenue), 2012 - 2020 Global gas sensors demand for Building Automation & Domestic Appliancesby region (Revenue), 2012 - 2020 Global gas sensors demand for environmental end-use (Revenue), 2012 - 2020 Global gas sensors demand for environmental end-use by region (Revenue), 2012 - 2020 Global gas sensors demand for petrochemical industry (Revenue), 2012 - 2020 Global gas sensors demand for petrochemical industry by region (Revenue), 2012 - 2020 Global gas sensors demand for automotive industry (Revenue), 2012 - 2020 Global gas sensors demand for automotive industry by region (Revenue), 2012 - 2020 Global gas sensors demand for industrial end-use (Revenue), 2012 - 2020 Global gas sensors demand for industrial end-use by region (Revenue), 2012 - 2020 Global gas sensors demand for other industries (Revenue), 2012 - 2020 Global gas sensors demand for other industries by region (Revenue), 2012 - 2020 North America gas sensors market by product (USD Million), 2012 - 2020 North America gas sensors market by technology (USD Million), 2012 - 2020 North America gas sensors market by end-use industry (USD Million), 2012 - 2020 Europe gas sensors market by product (USD Million), 2012 - 2020 Europe gas sensors market by technology (USD Million), 2012 - 2020 Europe gas sensors market by end-use industry (USD Million), 2012 - 2020 Asia Pacific gas sensors market by product (USD Million), 2012 - 2020 Asia Pacific gas sensors market by technology (USD Million), 2012 - 2020 Asia Pacific gas sensors market by end-use industry (USD Million), 2012 - 2020 RoW gas sensors market by product (USD Million), 2012 - 2020 RoW gas sensors market by technology (USD Million), 2012 - 2020 RoW gas sensors market by end-use industry (USD Million), 2012 - 2020 List of Figures Gas Sensors Market Segmentation Global Gas Sensors Market (Revenue), 2012 - 2020 Gas Sensors Value Chain Analysis Gas Sensors Market Dynamics Gas Sensors Company Market Share Analysis, 2012 Key Opportunities Prioritized Industry Analysis - Porter's Gas Sensors PESTEL Analysis, 2012 Gas sensors market share by product, 2012 & 2020 Global Oxygen gas sensors market demand (Revenue), 2012 - 2020 Global Carbon Dioxide gas sensors market demand (Revenue), 2012 - 2020 Global Carbon Monoxide gas sensors market demand (Revenue), 2012 - 2020 Global NOx gas sensors market demand (Revenue), 2012 - 2020 Global other gas sensors market demand (Revenue), 2012 - 2020 Gas sensors market share by technology, 2012 & 2020 Global electrochemical gas sensors market demand (Revenue), 2012 - 2020 Global semiconductor gas sensors market demand (Revenue), 2012 - 2020 Global solid state/MOS gas sensors market demand (Revenue), 2012 - 2020 Global PID gas sensors market demand (Revenue), 2012 - 2020 Global catalytic gas sensors market demand (Revenue), 2012 - 2020 Global infrared gas sensors market demand (Revenue), 2012 - 2020 Global gas sensors market demand for other technologies (Revenue), 2012 - 2020 Gas sensors market share by end-use industry, 2012 & 2020 Global gas sensors market demand for medical end-use (Revenue), 2012 - 2020 Global gas sensors market demand for Building Automation & Domestic Appliances (Revenue), 2012 - 2020 Global gas sensors market demand for environmental end-use (Revenue), 2012 - 2020 Global gas sensors market demand for petrochemical industry (Revenue), 2012 - 2020 Global gas sensors market demand for automotive industry (Revenue), 2012 - 2020 Global gas sensors market demand for industrial end-use (Revenue), 2012 - 2020 Global gas sensors market demand for other end-use industries (Revenue), 2012 - 2020 gas sensors market share by region, 2012 & 2020 North America gas sensors market revenue, by product, 2012 - 2020 North America gas sensors market revenue, by technology, 2012 - 2020 North America gas sensors market revenue, by end-use industry, 2012 - 2020 Europe gas sensors market revenue, by product, 2012 - 2020 Europe gas sensors market revenue, by technology, 2012 - 2020 Europe gas sensors market revenue, by end-use industry, 2012 - 2020 Asia Pacific gas sensors market revenue, by product, 2012 - 2020 Asia Pacific gas sensors market revenue, by technology, 2012 - 2020 Asia Pacific gas sensors market revenue, by end-use industry, 2012 - 2020 RoW gas sensors market revenue, by product, 2012 - 2020 RoW gas sensors market revenue, by technology, 2012 - 2020 RoW gas sensors market revenue, by end-use industry, 2012 - 2020
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