Gas Sensor, Detector And Analyzer Market Size

Statistics for the 2023 & 2024 Gas Sensor, Detector And Analyzer market size, created by Mordor Intelligence™ Industry Reports. Gas Sensor, Detector And Analyzer size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Gas Sensor, Detector And Analyzer Industry

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Gas Sensor, Detector and Analyzer Market Summary
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Study Period 2019 - 2029
Market Size (2024) USD 4.67 Billion
Market Size (2029) USD 6.13 Billion
CAGR (2024 - 2029) 5.60 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific

Major Players

Gas Sensor, Detector & Analyzer Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Gas Sensor, Detector, and Analyzer Market Analysis

The Gas Sensor, Detector And Analyzer Market size is estimated at USD 4.67 billion in 2024, and is expected to reach USD 6.13 billion by 2029, growing at a CAGR of 5.60% during the forecast period (2024-2029).

Gas sensors are chemical sensors that can measure the concentration of a constituent gas in its vicinity. These sensors embrace different techniques for quantifying a medium's exact amount of gas. A gas detector measures and indicates the concentration of certain gases in the air via other technologies. These are characterized by the type of gases they can detect in the environment. Gas analyzers find applications across safety instruments used in multiple end-user industries to maintain adequate safety in the workplace.

  • The global demand for gas analyzers has been boosted by an increase in shale gas and tight oil discoveries since these resources are utilized to stop corrosion in the infrastructure of natural gas pipelines. The use of gas analyzers has also been enforced in several industrial settings by government law and the enforcement of occupational health and safety rules. The growing public consciousness of the dangers of gas leaks and emissions contributed to the increased adoption of gas analyzers. Manufacturers are integrating gas analyzers with mobile phones and other wireless devices to offer real-time monitoring, remote control, and data backup.
  • Gas leaks and other unintentional contamination can result in explosive consequences, physical harm, and fire risk. In confined spaces, numerous hazardous gases can even asphyxiate workers in the vicinity by displacing oxygen, which results in death. These outcomes jeopardize employee safety and the safety of equipment and property.
  • Handheld gas detection tools keep personnel safe by monitoring a user's breathing zone while stationary and moving. These devices are critical in many situations where gas risks may exist. It is essential to monitor the air for oxygen, combustibles, and poisonous gases to ensure the safety of all people. Handheld gas detectors include built-in sirens that alert workers to potentially hazardous situations within an application, such as a confined space. When an alert is triggered, a large, easy-to-read LCD verifies the concentration of dangerous gas or gases.
  • The production costs for gas sensors and detectors have steadily risen due to recent technological changes. While the market incumbents have been able to adapt to these changes, new entrants and mid-range manufacturers face considerable challenges.
  • With the onset of COVID-19, multiple end-user industries in the market studied have been affected by reduced operations, temporary factory closures, etc. For instance, in the renewable energy industry, significant concerns revolve around global supply chains, which are considerably slowing down production, thus, aiming at reduced spending for new measurement systems and sensors. The detection and monitoring of hydrogen sulfide (H2S) and carbon dioxide (CO2) is pertinent in natural gas processing, creating significant demand for gas analyzers.

Gas Sensor, Detector, and Analyzer Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)