Global Gas Sensors Market
Gas Sensors Market Size And Forecast
According to Verified Market Research, The Global Gas Sensors Market was valued at USD 999.36 million in 2019 and is projected to reach USD 1642.46 million by 2027, growing at a CAGR of 6.91% from 2020 to 2027.
Global Gas Sensors Market Outlook
The growing adoption of gas sensors in HVAC systems and air quality monitoring systems are expected to boost the 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.
Global Gas Sensors Market, Segment Analysis
The Gas Sensors market is segmented on the basis of Gas Type, Vertical, Technology, and Geography.
Global Gas Sensors Market, Competitive Landscape
The Global Gas Sensors market is highly fragmented with the presence of a large number of manufacturers globally. Some of the major players include Figaro Engineering Inc., AMS AG, Amphenol Corporation AB, MSA Safety Incorporated, ALPHASENSE, Sensirion AG, City Technology Ltd., MEMBRAPOR, and Dynament. Amphenol Corporation AB is one of the top five players in the Gas Sensors market.
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