Improved manufacturing capabilities and embedded electronics have driven product development and innovation measures in the global gas sensors market. Since they prove highly efficient in case of gas leakage, gas sensors have been witnessing growing demand over the past few years. Growing occupational health and safety concerns, along with need for workplace security is the key driving force for the market. The global gas sensors market was valued at USD 1.7 billion in 2012 and is expected to grow at a CAGR of just over 5.0% over the forecast period.
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Gas sensors are used to measure the concentration of gases such as carbon monoxide, oxygen, carbon dioxide, NOx, etc. Oxygen sensors witness high proliferation in the automotive industry for monitoring concentration in the exhaust of the vehicle. Increasing vehicle production is among the key factors favorable for product demand over the next six years. Stringent regulatory initiatives for curbing exhaust emission levels are expected to contribute to NOx sensors demand over the next six years.
Electrochemical technology is expected to remain the dominant segment over the next six years. These products are cost effective and reliable; in addition, electrochemical sensors can detect a large number of gases. Infrared technology is expected to exhibit high growth over the forecast period. It helps increase the life span of the product and aids in measuring volatile organic compounds (VOCs), CO2, methane, etc. Solid state or Metal Oxide Semiconductor (MOS) sensors include metal oxides such as tin oxide and tungsten oxide.
Gas sensors used for industrial purposes are expected to be the largest end-use market segment over the next six years. Need for safety of workers in the industrial space is expected to boost the gas sensors market. The common health hazards related to VOCs include headache, nose, eye and throat irritation, nausea, loss of coordination, and damage to kidney, liver and central nervous system among others. Different types of gas sensing technologies such as PID sensing have been developed for detecting toxic VOCs.
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Sensor technology advancements in Asia Pacific are favorable for regional gas sensors market growth. Increasing demand for handheld devices integrated with sensors is also expected to spur the market. Japan is estimated to be a significant contributor to regional market revenue generation over the next six years. Stringent standards for emission control and initiatives for promoting energy efficiency have driven demand in the European gas sensors market.
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