Infrared Gas Sensor Market: An Increasing Demand for Infrared Gas Sensors in the HVAC System to Drive the Market Growth

Global Infrared Gas Sensor Market size was valued at USD 200.67 Mn in 2022 and is expected to reach USD 364.48 Mn by 2029, at a CAGR of 8.9% from forecast 2023 to 2029

Overview

An infrared gas sensor is used to detect the presence of various gases in the environment by sensing their infrared radiation. Infrared gas sensors are used in a wide variety of applications, such as home security systems, defense and military, environmental monitoring, industrial automotive and industrial safety systems. There are three types of sensors: a source of infrared light, an optical filter to select the proper wavelength and an optical infrared receiver. The companies have long used Lower Explosive Limit (LEL) gas leak detectors equipped with infrared technology. Infrared sensors are far more stable and reliable than traditional catalytic bead sensors. Infrared Gas Sensor Market To know about the Research Methodology :- Request Free Sample Report

Infrared Gas Sensor Market Scope and Methodology

The report analysis focuses on the influencing factors such as major drivers, industry analysis, dynamics, business strategies and developments. The report includes an insightful analysis of the infrared gas sensor market on the basis of sales estimation, market size & share. It focuses on current developments, technological innovations, demographics analysis, market-affecting factors and demand and supply chain. A detailed analysis of key market players is provided in the report in several dimensional views. The qualitative and quantitative analysis of the Infrared Gas Sensor Market is provided based on segments such as type, end users and region. The bottom-up approach was used to estimate the size of the Infrared Gas Sensor given in the report. Porter’s five forces analysis is used to understand the competitive scenario of the industry. The report presents a detailed analysis of the Infrared Gas Sensor Market by country, regional and global level.

Infrared Gas Sensor Market Dynamics

Increasing Need for Temperature Monitoring and Control In Industrial Applications to Drive the Market Infrared gas sensors are used for detecting different gases like methane, ethane, propane, butane, benzene toluene, xylene and other alcohols like methanol, ethanol, etc. The various uses of infrared oxygen sensors vary across a wide range from industrial to domestic end uses. For instance, monitoring air pollution, chemical processes, and exhaust from combustion engines are the various applications for gas sensor installation. The types of gases have been used in different industries as raw materials. It becomes important to control and monitor these gases, as there is a huge risk of damage to property and human lives. The mentioned factors assist in the market expansion of nadir gas sensors by creating its demand under various industry verticals such as automotive, industrial and other sectors globally. The need to constantly monitor and control gas emissions by various industrial processes is expected to create a requirement for Infrared Gas Sensor Market Growth Internet of Things (IoT) For Networking to Create Lucrative Opportunities for the Infrared Gas Sensor Market The Internet of Things is driving many significant technological developments. Modern organizations use IoT applications and sensors for everything, including optimizing manufacturing and supply chain practices to aiding the development of municipalities through use in smart cities. IoT creates various benefits and help business to monitor complex processes such as saving time and money, improving customer experience, aiding strategic decision-making, streamlining business models and boosting productivity. Factors including an increase in the adoption of infrared gas sensors in HVAC systems and a rise in the need for air quality monitoring devices in smart cities and several government standards & regulations concerning emission control are expected to influence the global Infrared Gas Sensor Market. For industry professionals, there is always more knowledge to be discovered. Both newcomers and seasoned experts can benefit from keeping up with the newest developments in the IoT market with how the technology develops, matures and is applied in new and innovative ways. Technology development in Infrared Gas Sensor to boost the market over the forecast period The increasing use of infrared sensors for monitoring methane in underground mines is expected to influence market size. The researchers have developed various techniques in gas sensors to localize residents in indoor environments. For example, Tecnocontrol Srl is to launch on the market his new line of (IR) INFRARED GAS Sensors for Toxic and Flammable gases. They provide a flexible monitoring solution that is ideal for a diversity of hazardous applications. With over 45 years of experience in the design, manufacture, installation and maintenance of gas detectors, Tecnocontrol has a worldwide installed base of over a thousand and thousand gas detectors in a wide spectrum of applications from light industrial to the most demanding offshore petrochemical environments. The rise in the adoption of HVAC solutions including pressure sensors, temperature sensors, humidity sensors, Indoor occupancy sensors and room sensors is expected to fuel the Infrared Gas Sensor Market growth during the forecast period. High cost of Infrared gas sensors to restrain the market growth Infrared gas sensors perform poorly in extreme environments. These sensors are unable to provide adequate environmental and temperature compensation. When moving across conditions with even moderate changes in temperature or humidity, the sensor’s signal processing function may freeze any output reading. Also, it has a failure to detect hydrogen, and infrared gas sensors do not work well when multiple hydrocarbon-based gases are present. Hydrogen does not absorb infrared light. These sensors are not able to detect hydrogen. This limitation is substantial because hydrogen is ubiquitous in the mining and petroleum processing industries. However, the high cost of the devices and it requirement for more user expertise is expected to restrain the Infrared Gas Sensor Market growth to a certain extent. The infrared gas sensor has been limited by the adsorption characteristics of the target gas and the bandwidth of the filter in the sensor. Many combustible gases are undetectable by low-power infrared LEL gas sensors. Examples of non-detectable gases include acetylene, acrylonitrile, aniline, and carbon disulfide.

Infrared Gas Sensor Market Segmentation

The Infrared Gas Sensor Market is categorized on the basis of type, end users and region. Based on region, the market is segmented into North America, Europe, Asia Pacific, South America and Middle East Africa. By Type Based on type, the Infrared Gas Sensor Market is segmented into portable and fixed. The fixed-type segment held the largest infrared gas sensor industry share revenue in 2021 and is expected to grow at a significant CAGR over the forecast period. An infrared Gas sensor is a process of identifying and monitoring potentially dangerous levels of gases, using gas detection monitoring systems. In Australia, gas detectors are used in a broad scope of practices and residential properties, to ensure the safety of those living and working in the space, and the general public. Gas sensors are relied upon to provide ample warning when in the presence of dangerous gases. The specialist devices used for gas detection in various forms and the unique demands of different gas monitoring applications. Infrared Gas Sensor Market By End-Users Based on End Users, the Infrared Gas Sensor Market is segmented into healthcare, consumer electronics, automotive, military and defense, industrial and others. The industrial segment dominated the global market share in 2022. The penetration of IoT, artificial intelligence (AI) and machine learning (ML) in industries are responsible factors for market growth. The advancement of infrared gas sensors for an industrial grade is expected to create lucrative opportunities for segment growth in the market during the forecast period.

Infrared Gas Sensor Market Regional Insight

Increasing health and safety regulations in various industries to drive the market in North America North America dominated the largest market share in terms of revenue in 2022 and is expected to maintain its dominance over the forecast period. Government various regulatory initiatives in the developed market in the region to boost occupational health and safety among people. The major trend influencing the growth of the North American infrared gas sensor market is the development of wireless capabilities and miniaturization with improved communication capabilities. The infrared gas sensor industry in the U.S. is expected to grow at a significant CAGR during the forecast period. Technological advancement in Europe to boost the demand for Infrared Gas Sensor Market In Europe, the UK held largest the global infrared gas sensor market share in 2022 and is expected to grow at a significant CAGR during the forecast period. The advancement of technology across various industry end-users is a major factor that contributes to the growth of the infrared gas sensor. However, Germany is expected to emerge as the fastest-growing country in Europe's infrared gas sensor with a significant CAGR over the forecast period. Growing awareness regarding safety issues among the population to fuel the market growth in the Asia Pacific Asia Pacific dominated the infrared gas sensor market share in 2022 and is expected to grow at 38.8 percent of CAGR over the forecast period. The growth is driven by increasing industrialization and rapid urbanization, which has led to an increase in the number of residential buildings. The region is expected to maintain its dominance over the forecast period due to rising awareness about safety issues and government regulations for energy conservation. The increasing use IoT, AI and machine learning in industries such as oil & mining, construction, and automotive manufacturing among others are expected to drive the market for infrared gas sensors. The region includes China, Japan, India, South Korea, and rest of Asia-Pacific. Japan and China are technologically advanced countries, which exhibit high demand for infrared gas sensors. Emerging countries, such as India, are expected to influence market growth. However, the other underdeveloped countries are expected to hamper the growth of the Asia-Pacific region. Competitive Landscape The key Infrared Gas Sensor Market players profiled in the report include AlphaSense Inc., Dräger, Dynament, Senseair, and SmartGAS, Figaro engineering.inc, Amphenol Corporation, Heimann, Honeywell International Inc. and SGX Sensor tech. These key players adopt different strategies such as new product launches and development, mergers and acquisitions, partnerships and collaboration and business expansion to increase the infrared gas sensor market share over the forecast period. Key palyers are implementing advanced technologies for designing to manufacture gas sensors in response to many new and emerging requirements and applications. Such sectors are including wearable gas sensors, energy-harvesting gas sensors, and gas sensors in mobile phones. In October 2022, Dräger Marine and amp; Offshore, a subsidiary of Dräger, a provider of safety and medical technology, launched a new mobile gas detector, the X-am 2800. The device, worn on the body, offers simultaneous measurement of up to four different gases, for application in confined spaces to safeguard employees working in areas at risk of oxygen depletion, explosive atmospheres, or those where toxic substances may be present. In November 2021, the US government launched an initiative to reduce emissions from the oil and gas industry significantly. Through actions, the United States is catalyzing similar efforts worldwide, working in partnership with the European Union to lead a Global Methane Pledge to reduce overall methane emissions by 30% below 2021 levels by 2030. In March 2021, Asahi Kasei Microdevices launched three new sensors: AK9703AJ. It is an infrared light-emitting diode (IR LED) whose peak emission wavelength is in the infrared absorption band of methane (a well-known combustible gas). It is an infrared sensor with optical filter, its peak emission wavelength is also in the infrared absorption band of methane.

Infrared Gas Sensor Market Scope: Inquiry Before Buying

Infrared Gas Sensor Market
Report Coverage Details
Base Year: 2022 Forecast Period: 2023-2029
Historical Data: 2017 to 2022 Market Size in 2022: USD 200.67 Mn
Forecast Period 2023 to 2029 CAGR: 8.9 % Market Size in 2029: USD 364.48 Mn
Segments Covered: by Type 1.Portable 2.Fixed
by End-Users 1. Healthcare 2.Consumer Electronics 3.Automotive 4.Defense and Military 5.Industrial 6.Others

Infrared Gas Sensor Market by Region

North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) South America (Brazil, Argentina Rest of South America) Middle East & Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)

Infrared Gas Sensor Key Players

1.AlphaSense Inc. 2. Dräger 3. Senseair 4.SmartGAS 5. Amphenol Corporation 6. Heimann 7. Honeywell International Inc. 8.SGX Sensor tech 9. Dynament 10.Figaro Engineering Inc Frequently Asked Questions: 1] What is the growth rate of the Global Infrared Gas Sensor Market? Ans. The Global Gas Sensor Market is growing at a significant rate of 8.9 % during the forecast period. 2] Which region is expected to dominate the Global Infrared Gas Sensor Market? Ans. Asia Pacific is expected to dominate the Infrared Gas Sensor Market during the forecast period. 3] What is the expected Global Infrared Gas Sensor Market size by 2029? Ans. The Infrared Gas Sensor Market size is expected to reach USD 364.48 Mn by 2029. 4] Which are the top players in the Global Infrared Gas Sensor Market? Ans. The major top players in the Global Market are Dräger, Senseair SmartGAS and others 5] What are the factors driving the Global Infrared Gas Sensor Market growth? Ans. The increasing need for air quality monitoring applications in smart cities and several government standards & regulations concerning emission control is expected to drive the global Market.
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