According to the research report titled ‘Asia Pacific Gas Sensors Market Size By Technology, By Product, By Connectivity, By Application, Research Report, Country Outlook, Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2020 – 2026’, available with Market Study Report, Asia Pacific gas sensors market is projected to accumulate USD 350 million over 2020-2026.

 

Wider acceptance of industrial automation and smart manufacturing, coupled with massive coal mine production are catalyzing Asia Pacific gas sensors industry growth.  According to the International Energy Agency 2020 report, Asia Pacific accounted for nearly 3/4th coal produced globally in 2019, with China being the largest producer of coal with 46% production share.

 

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It is to be noted that coal mining produces various toxic gases and compounds, including carbon monoxide, carbon dioxide, methane, and hydrogen sulfide. In order to ensure workforce safety and to monitor toxic gas levels, gas sensors are widely deployed in mines.

 

In terms of product gamut, the market is bifurcated into carbon dioxide sensors, NOx sensors, carbon monoxide sensors, oxygen / lambda sensors, and others. The NOx sensors segment is expected to bolster at 5% CAGR through 2026, owing to surging automotive applications as well as to contain fuel emissions.

 

Based on technology, Asia Pacific gas sensors marketspace is classified into semiconductor, PID, infrared, electrochemical, catalytic, solid state, and others. The infrared sensors segment is poised to grow with a CAGR of 7% through 2026, accredited to high accuracy and faster response time as compared to electrochemical sensors. Besides, infrared sensors are highly effective in detecting leakage of combustible gases and is adopted largely in boilers, pressure vessels, and furnace in petrochemical industries. Introduction of non-dispersive infrared technology will further aid the segmental share.

 

In terms of connectivity, the industry scenario is divided into wireless and wired. The wireless segment accumulated 70% industry share in 2019 and is slated to record 7% CAGR through 2026, owing to adoption of wireless monitoring equipment and remote gas sensing solutions in petrochemical, manufacturing, and process industries.

 

Speaking of the application scope, Asia Pacific gas sensors industry is classified into industrial, petrochemical, consumer electronics, medical, automotive, environmental, and others.

 

Considering the geographical landscape, India held 10% market share in 2019 and is anticipated to showcase a growth rate of 6% over the analysis timeframe, owing to federal investments in oil & gas sector. Japan, on the other hand, garnered 15% revenue share in 2019 and is poised to grow modestly through 2026, owing to government initiatives to improve air quality index.

 

The competitive landscape of the industry is defined by companies such as SenseAir AB, Seimens AG, Yokogawa Electric Corporation, Figaro Engineering Inc., Gas Sensing Solutions Ltd., Sensors Inc., NGK Insulators Ltd., Nemoto & Co. Ltd., Mettler Toledo, eLichens, Dynament Ltd., Denso Corporation, City Technology Ltd., Bosch Sensortec GmbH, Amphenol Corporation, Alphasense, Aeroqual Ltd., and  Drägerwerk AG.