According to a recent report published by Grand View Research, Inc., the global gas sensor market is projected to reach a valuation of USD 5.49 billion by the year 2030. This growth reflects a compound annual growth rate (CAGR) of 9.5% during the forecast period from 2023 to 2030. The primary drivers behind this market expansion include the rising number of health and safety regulations being implemented by governments around the world. These regulations are aimed at ensuring workplace and environmental safety, which in turn is fueling the demand for gas detection and monitoring technologies. Additionally, the growing need for continuous monitoring and control of gas emissions across various industrial operations is contributing significantly to the increasing demand for gas sensors globally.

In a related development, researchers from Northeastern University and Penn State University have indicated that wearable gas sensors designed for human health monitoring and environmental surveillance are anticipated to become commercially available in the near future. These innovative sensors employ a self-heating mechanism, which not only boosts their sensitivity but also facilitates rapid reuse and system recovery, making them highly efficient for real-time applications.

Several technological advancements and market trends are currently shaping the trajectory of the gas sensor industry. Among these trends are the miniaturization of devices, the emergence of smart sensors, and the incorporation of multi-gas detection capabilities. Moreover, the integration of Internet of Things (IoT) technologies and the development of novel sensing mechanisms are further propelling the sector forward. IoT-based wireless gas sensors are increasingly being utilized in smart city initiatives, where they serve purposes such as predicting fire hazards, detecting air pollution levels, and monitoring gas combustion processes. These sensors enable the real-time collection, processing, analysis, and exchange of air quality data, thereby supporting the creation of healthier and more sustainable urban environments. Furthermore, these gas sensors are instrumental in measuring the concentration of gases like carbon dioxide (CO₂), carbon monoxide (CO), and other airborne pollutants, playing a critical role in reducing air pollution and protecting public health.

The COVID-19 pandemic has also created a wave of new opportunities for stakeholders within the gas sensor market. A particularly noteworthy trend is the surging demand for carbon dioxide (CO₂) gas sensors, which are now widely deployed in European countries to monitor indoor air quality in schools. This is part of a broader effort to control the spread of the coronavirus in educational settings. In support of these efforts, the Federation of European Heating, Ventilation, and Air Conditioning Associations (REHVA) has issued guidelines recommending the installation of CO₂ monitoring systems in classrooms to ensure adequate ventilation and minimize the risk of airborne transmission.

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The FAQs about the Gas Sensors Market highlight its size, growth rate, key players, and technological segments.

1. Which segment accounted for the largest pediatric critical care market share?

Asia Pacific dominated the market in 2022 and accounted for a share of over 32.0% of the global revenue. This is attributable to the the large number of patients, rising awareness about neonatal care, and the increasing presence of global companies are expected to drive market growth in the coming years.

2. Who are the key players in the pediatric critical care market?

Some key players operating in the pediatric critical care market include Birmingham Women's and Children's, The Children's Hospital of Philadelphia, Memorial Sloan Kettering Cancer Center, Great Ormond Street Hospital, The Hospital for Sick Children, Weill Cornell Medicine, Boston Children's Hospital, John Muir Health, Alder Hey Children's NHS Foundation Trust, Ann & Robert H. Lurie Children's Hospital of Chicago.

3. What are the factors driving the pediatric critical care market?

Key factors that are driving the pediatric critical care market growth include increasing prevalence of chronic diseases among the newborn babies, rising incidence of preterm births, the growing demand for effective PICU and NICU

4. How big is the pediatric critical care market?

The global gas sensor market size was valued at USD 2.90 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 9.5% from 2023 to 2030.

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