Global Gas Sensors Market
Global Gas Sensors Market Size By Gas Type, By Vertical, By Technology, By Geographic Scope And Forecast
According to Verified Market Research, The Global Gas Sensors Market was valued at USD 939.5 Million in 2018 and is projected to reach USD 1,575.9 Million by 2026, growing at a CAGR of 6.81% from 2019 to 2026.
Generally, gas sensors are defined as transducers that converts the one parameter into other i.e. a non-electrical quantity into electrical signal. These devices detect the presence or concentration of gases in the atmosphere. On the basis of concentration, the sensor produces a corresponding potential difference by changing the resistance of the material inside the sensor, which can be measured as output voltage. on the basis of voltage value, type and concentration of gases can be estimated. Gas sensors are widely used to improve environmental and safety control of gases. These sensors are used in carrying out the optimization of combustion reactions in the emerging transport industry and in domestic and industrial applications. Depending upon the technology applied in the development of the gas sensor, it is classified into Solid State, Spectroscopic and Optic.
The growing adoption of gas sensors in HVAC systems and air quality monitoring systems are expected to boost market growth. In the present scenario, HVAC systems are installed in various residential and commercial buildings to monitor and regulate environmental conditions. Similarly, air quality monitoring systems are used for measuring air quality, low and high levels of criteria pollutants, as well as other gases and toxins. The growing adoption of gas sensors in various end-user industries opens up new opportunities for the market. In today’s world, gas sensors are key elements in a variety of applications in various niche market sectors. These sensors affect the quality of natural life as well as the efficiency of industrial production. Reliable detection of various gases in low concentration is mandatory in numerous fields such as industrial plants, automotive technologies, environmental monitoring, or air quality assurance and adoption of gas sensors can be useful for the same purpose. However, the operational challenges faced by gas sensors might hamper the overall growth at a global level.
Verified Market Research has been providing Research Reports, with up to date information, and in-depth analysis, for several years now, to individuals and companies alike that are looking for accurate Research Data. It has large database which includes the latest content from renowned authors and publications worldwide. It also provides customized Data and Reports according to the need of the client.