The outbreak of Covid-19 has created lucrative opportunities towards the demand for gas sensors, globally. In the Covid-19 scenario, the gas sensors market is mainly driven by the rising manufacturing of ventilators, respirators and medical equipment’s as well as would witness constrained growth in the sectors such as building & construction, automotive and oil & gas. Presently, almost all the organization indulged in manufacturing of medical devices and has shifted their focus mainly on ventilator manufacturing as the outbreak of covid-19 has rapidly enhanced the demand for ventilators in both public and private hospitals which has resulted in fueling the demand for gas sensors. Additionally, the strategic initiatives taken by the private organizations indulged in offering gas sensors & associated equipment are also acting as a key factor towards surge and adoption of gas sensors market. For instance: Switzerland-based private firm Sensirion AG, has announced the launch of a new product SFM3019 gas flow sensor in the year 2020. This initiative taken by the organization is anticipated to meet the high demand arising from ventilator manufacturers. Also, in March 2020, US-based private organization Zoll medical corporation is indulged in manufacturing of medical devices & related software solutions had opted for aggressive steps to enhance manufacturing capacity to 10,000 ventilators per month in response to the Covid-19 pandemic. . This step taken by the organization would represent nearly 25 fold expansion in comparison to earlier production volume further augmenting the development and growth of gas sensors market.
Global Covid-19 Impact on Gas Sensors Market is valued at approximately USD 1 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 6.8% over the forecast period 2020-2027.
The regional analysis of the global Covid-19 Impact on the Gas Sensors market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and the Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the rapidly surging cases of Covid-19 in both urban and semi-urban provinces of Covid-19 along with strategic initiatives taken by the private organization indulged in manufacturing of gas sensors. Whereas, Asia-Pacific is also anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027. Factors such as escalating cases of Covid-19 among all Asian countries along with the high geriatric population in countries such as China and Japan would create lucrative growth prospects for the Covid-19 Impact on Gas Sensors market across the Asia-Pacific region.
Major market player included in this report are:
Honeywell Analytics, MSA, Amphenol, Figaro, Alphasense, AMS AG, Membrapor AG, Dynament, Sensiron AG,
Asahi Kasei (AKM)
The detailed segments and sub-segment of the market are explained below:
By End User: Medical & Healthcare, Oil & Gas, Food & Beverage, Automotive & Transportation, Building & Construction, Water Treatment, Others
By Technology: MOS (Metal-Oxide-Semiconductor), Infrared (IR), Catalytic, Electrochemical, Photoionization detection(PID), Zirconia, Holographic, Laser, Others
By Region: North America, Europe, Asia Pacific, Latin America, Rest of the World
Furthermore, the years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Covid-19 Impact on Gas Sensors Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
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Bizwit Research & Consulting LLP