Market Leadership - Gas Sensors Market
The gas sensors market is projected to grow from USD 1.0 billion in 2019 to USD 1.4 billion by 2024, at a CAGR of 6.4% from 2019 to 2024. Major factors driving the growth of the gas sensors market include the increasing number of health and safety regulations formulated by governments of different countries, rising adoption of air quality monitors in HVAC systems and car cabins, rising importance of gas sensors in critical industries, and increasing pollution levels.
Honeywell Analytics (UK), MSA (US), Amphenol (US), Figaro (Japan), Alphasense (UK), ams AG (Austria), MEMBRAPOR AG (Switzerland), Dynament (UK), Sensirion (Switzerland), Asahi Kasei Corporation (Japan), Nissha (Japan), IDT (US), Breeze Technologies (Germany), eLichens (France), Bosch Sensortec (Germany), Edinburg Sensors (UK), GASTEC (Japan), Nemoto Sensor Engineering Company Limited (Japan), and SPEC Sensors (US) are some of the key players in the gas sensors market. These players have adopted various growth strategies, such as product launches, acquisitions, expansions, and partnerships, to expand their presence in the gas sensors market. Product launches have been the most dominating strategy adopted by the key players from 2017 to 2019, to help them strengthen their product portfolio and broaden their customer base.
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Honeywell Analytics (UK) ranked first in the gas sensors market in 2018. Honeywell Analytics is a combination of different gas detection companies acquired by Honeywell International, Inc. (Honeywell) since 2005. Over the course of its history, Honeywell Analytics has been able to build a reputation for manufacturing reliable and effective safety solutions. Gas detection was envisaged by Honeywell Analytics as a strategic adjacency to its life safety business. Some of its acquisitions include BW Technologies, RAE Systems, and City Technology. The company offers industrial fire and gas systems, portable gas detection systems, flame and centralized gas monitoring systems, and systems used in commercial building environments.
MSA (US) ranked second in the gas sensors market in 2018. MSA, founded in 1914 and based in Pennsylvania (US), is among the global leaders that produce integrated products by combining electronics, mechanical systems, and advanced materials to protect users against hazardous or life-threatening situations. Products offered by the company are used in a wide range of applications, such as in oil & gas, petrochemicals, fire services, construction, industrial manufacturing, utilities, mining, and military. The products include fixed gas and flame detection systems, portable gas detection instruments, industrial head protection products, firefighter helmets, protective apparels, and fall protection devices. The company has a wide geographical reach with operations in North America, Europe, the Middle East, Africa, Asia Pacific, and Latin America. In the gas sensors category, MSA offers fixed gas detectors, portable gas detectors, gas leak detectors, and gas monitors.
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Gas Sensors Market by Gas Type (Oxygen, Carbon Monoxide, Carbon Dioxide, Ammonia, Chlorine, Hydrogen Sulfide, Nitrogen Oxide, Volatile Organic Compounds, Hydrocarbons), Technology, Application, Geography - Global Forecast 2024
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