ReportsnReports adds “Gas Sensors Market” to its store. The Report provides in-depth analysis of the Gas Sensors Market at global and key country level. An exclusive data offered in this report is collected by research and industry experts team.
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The Global Gas Sensors Market size during this COVID-19 pandemic is projected to decline from USD 1,025 Million in 2020 to USD 1,016 Million by 2021, at a Compound Annual Growth Rate (CAGR) of -0.9% during the forecast period.
Top Key Players Profiled in the Gas Sensors Market:
- Honeywell Analytics (US)
- MSA Safety (US)
- Amphenol (US)
- Figaro (Japan)
- Alphasense (UK)
“Medical & healthcare segment estimated to be fastest-growing end-use industry for gas sensors during the forecast period.”
The medical & healthcare segment is projected to grow at the fastest pace in the gas sensors market during this COVID-19 scenario. The use of gas sensors is increasing due to their versatility, necessity in the detection of harmful gases, and for the proper functioning of establishments. In the medical & healthcare sector, gas sensors are used in the manufacturing of critical care equipment such as ventilators, oxygen concentrators, and other respiratory systems.
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“Electrochemical gas sensing technology segment is projected to lead the gas sensors market during the forecast period.”
The electrochemical gas sensing technology segment is expected to lead the gas sensors industry during the forecast period. Electrochemical gas sensors measure the concentration of a target gas by oxidizing or reducing the target gas at an electrode and measuring the resulting current. These sensors use less power and are less affected by changes in temperature and pressure than others.
“APAC is expected to witness the highest demand for gas sensors during the crisis period.”
The gas sensors market in APAC is estimated to be the largest in the world. APAC has a large manufacturing base for medical instruments, equipment, and devices. Increasing requirement of these medical supplies from other COVID effected economies is boosting the production of gas sensors in the region.
Breakdown of primary participants’ profile:
- By Company Type: Tier I – 25%, Tier II – 50%, and Tier III – 25%
- By Designation: C Level – 20%, Director Level – 30%, and Others – 50%
- By Region: North America – 20%, Europe – 30%, APAC – 25%, South America – 25%, Middle East & Africa – 10%
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