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    Asia Pacific Gas Sensors Market Size By Technology (Electrochemical, Semiconductor, Solid State, PID, Catalytic, Infrared), By Product (Oxygen (O2)/ Lambda Sensors, Carbon Dioxide (CO2) Sensors, Carbon Monoxide (CO) Sensors, NOx Sensors), By Connectivity (Wired, Wireless), By Application (Consumer Electronics, Medical, Environmental, Petrochemical, Automotive, Industrial), Research Report, Country Outlook (China, India, Japan, Australia), Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2020 - 2026
    Published Date: March 2021   |   Report ID: GR1739   |   Delivery: PDF  Request Free Sample

    Asia Pacific Gas Sensors Market size exceeded USD 250 million in 2019 and is expected to witness over 6% CAGR from 2020 to 2026.

    The APAC gas sensors industry is gaining traction due to regional growth of mining sector. According to International Energy Agency Coal-2020 Report, the Asia Pacific region dominated over 73% of global coal production in 2019. China, being the world’s largest coal producer accounted for 46% of the total coal production in 2019. The coal mines generate several toxic gases and compounds such as methane, hydrogen sulfide, carbon monoxide and excess of carbon dioxide gas. The rising concern towards worker safety in regional coal mines is expected to amplify the adoption of gas sensors.
     

    Asia Pacific Gas Sensors Market

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    APAC Market, By Product

    The NOx sensor segment is projected to expand at over 5% CAGR between 2020 and 2026 attributed to the increasing adoption of these gas sensors in automotive applications. The concentrations of NOx gases in untreated diesel exhaust systems are found in the range of 50 and 1,000 ppm. To reduce fuel emissions, the regional automotive manufacturers including SAIC, Nissan, Toyota and Hyundai Motor Company are focused on integrating NOx gas sensors into their upcoming vehicles.

    APAC Market, By Connectivity

    The wireless connectivity segment held 70% market share in 2019 and is set to observe around 7% growth rate through 2026. The growth is credited to rising adoption of remote gas sensing and monitoring equipment in various sectors such as manufacturing, petrochemicals, and process industries. These industries require wireless gas sensors for industrial asset and worker safety by implementing continuous remote monitoring. Adding to this, major gas sensor manufacturers including Emerson Electric Co., Honeywell International Inc., Siemens, etc. are focusing on integrating wireless technology to enhance their sensor offerings. In August 2019, Emerson Electric Co., launched ‘Universal Gas Sensors’ portfolio which is integrated with wireless connectivity platform. The new gas sensors detect carbon monoxide (CO) gas levels and has applications in remote monitoring of storage terminals, process plants, pipelines, and other facilities.

    APAC Market, By Country

    Japan gas sensors market accounted for over 15% revenue share in 2019 owing to supportive government initiatives to achieve improved air quality index in coming years. For instance, in December 2020, Japanese Government announced a USD 708 billion economic stimulus package which will be used to reduce active carbon emissions and achieve digital transformation in the country. The government will utilize USD 384.5 billion funds in various initiatives to reduce the carbon emissions and achieving total carbon neutrality by the year 2050. These initiatives will increase the adoption of air quality monitors, gas analyzers and other gas sensing equipment in residential, commercial and industrial sectors in Japan.

    Competitive Industry Landscape

    Some of the key players in Asia Pacific market are SENSEAIR, Gas Sensing Solutions Ltd., Siemens, Yokogawa Electric Corporation, Figaro Engineering Inc., Dragerwerk AG & Co. KGaA, among others.

    Industry players in the are focusing on continuous innovations and new product launches to gain a competitive edge in the market. For instance, in September 2020, Gas Sensing Solutions Ltd. announced the launch of new ultra-low-power CO2 gas sensor. The new gas sensor has onboard power management which allows user to reduce active current consumption to <1µA.
     


    Frequently Asked Question(FAQ) :

    How will gas sensors market fare across Asia Pacific through 2026?
    The market for gas sensors in Asia Pacific accounted for remuneration of over USD 250 million in 2019 and will grow at a CAGR of 6% through 2026.
    Why will NOx sensors contribute towards Asia Pacific gas sensors sector?
    The industry for gas sensors in Asia Pacific from the NOx sensor segment will record a CAGR of more than 5% through 2026 due to their rising usage across automotive applications.
    What factors will drive the Asia Pacific gas sensors industry growth from wireless connectivity?
    The wireless connectivity segment accounted for 70% of revenue share in 2019 and will expand at a nearly 7% rate through 2026 owing to the increasing adoption of monitoring and remote gas sensing equipment in numerous industries.
    How will Japan emerge as a profitable market for gas sensors?
    Japan captured more than 15% of the market revenue in 2019 and will grow with favorable government initiatives for achieving improved air quality.

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