Market Size of Europe Gas Sensors Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.91 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Gas Sensors Market Analysis
Europe Gas Sensors Market is expected to grow at a CAGR of 5.91% during the forecast period 2021-2026. Governments' increasing attention on emission control and energy efficiency regulations has led to gas sensors in European nations such as Germany, France, and the United Kingdom. The variables that would drive market expansion in this area include an expanding end-user base and expanding avenues for the usage of gas sensors.
- The European gas sensor market is projected to continue to be dominated by automotive and transportation applications. Pollutant gases enter the car cabin through the ventilation systems. There is a shortage of fresh air intake, which results in low oxygen (02) concentrations, pollutants entering through window apertures, and hazardous gases entering via misdirected exhaust fumes. In Europe, strict environmental and safety requirements require all vehicle and transportation OEMs to include gas sensor technologies in their offers.
- Additionally, the IIoT is also advancing in the region. Customers are becoming more interested in IoT gas detectors, and players in the industry are working on establishing a product range tailored to IoT solutions. The necessity for wireless detectors owing to the requirement of continuous and real-time monitoring and detection of emissions is predicted to drive up demand for gas detectors in recent years and the coming years.
- Carbon dioxide sensors are primarily used in households, schools, offices, and hospitals to monitor indoor air quality. Similarly, these sensors are also utilized for real-time monitoring of agricultural goods' freshness, quality, and safety. Therefore, as excessive carbon dioxide exposure can cause health problems such as headaches and restlessness, the need for carbon dioxide sensors is rapidly increasing in this region.
- However, the region is experiencing a sizeable COVID-19 epidemic, with lockdowns ordered by the individual governments in Spain, France, Italy, and the United Kingdom. As a result, the market is projected to suffer due to disruptions in the operations of particular end-user businesses that rely heavily on the gas sensors market.
