The size and share of the Latin America Gas Sensors Market is expected to grow in a significant way during the forecast period. It is estimated that the target market is going to get valued at around USD 0.42 billion by 2026, recording a CAGR of 4.23% during 2021-2026.
Gas sensors, often termed as gas detectors, are the electronic devices that play a vital role in detecting and identifying different types of gasses. These gas sensors are primarily used for sensing the toxic or explosive gasses and for estimating the concentration of respective gas. Various types of gas detectors are integrated into chemical-resistor that can get contact and reacts with respective target gasses.
The growth of the gas sensors market in the Latin America region is attributed to the need for ensuring safety in workplaces during the next six years. The gas sensors market in Latin America has accounted for about 5% of the global gas sensors market owing to the advancements in sensor technologies in this region. Improvements in the field of smart gas sensors, which are considerably widening their application scope, is led by the proliferation of handheld devices. Also, technological evolution, along with infrastructure development, is fuelling the target market in this region. Moreover, Latin America has witnessed the massive surge across various industrial verticals coupled with the booming oil & gas sectors majorly with new changes that are made in the natural gas excavations in the countries that are in this area.
Crowcon Detection Instruments Limited has announced a gas detector, which is an addressable fixed-point detector, with a local display that offers both flammable & toxic gas detection and for monitoring oxygen.
MSR-Electronic has released the DGC-06 controller series which is used for monitoring and warning of toxic & combustible gases and vapors as well as in the Freon refrigerant sector of the gas measurement technology.
Drivers and Restraints of Latin America Gas Sensors Market
The significant factors that were driving the gas sensors market in Latin America are the rising usage of gas sensors in breath analysis to check the health of patients and the technological evolution along with the advancements in the infrastructure which are enhancing the demand for gas sensors in this region. Also, developments in the wireless capabilities and the miniaturization and the improved communication capabilities that enable their integration into various devices without compromising the detection of toxic or flammable gases at safe distances are fuelling the growth of the target market in this region.
The reason for the growth of the Latin America Gas Sensors Market in the automotive sector is the increasing incorporation of gas sensors in automobiles for the sake of comfort and safety for passengers.
Market Segmentation of Latin America Gas Sensors Market
By Gas Type: Oxygen (O2), Carbon Monoxide (CO), Carbon Dioxide (CO2), Ammonia (NH3), Chlorine (Cl), Hydrogen Sulfide (H2S), Nitrogen Oxide (Nox), Volatile Organic Compounds (VOC), Hydrocarbons (Propane, Butane, etc.), Methane (CH4), and Hydrogen (H2).
By Technology: Electrochemical Photoionization Detectors (PID), Solid-state or Metal–oxide–semiconductor (MOS), Catalytic, Infrared, Laser, Zirconia, Holographic, and Others.
By Connectivity: Wired and Wireless.
By Application: the Latin America Gas Sensors Market is segmented into Water & Wastewater, Medical, Oil & Gas, Automotive & Transportation, Food & Beverages, Metals & Chemicals, Mining, Consumer Electronics, Power Stations, Smart Cities & Building Automation.
By Region: Brazil, Mexico, Argentina, Chile & Rest of LATAM
In the regional analysis of the Latin America Gas Sensors Market, Mexico gas sensors market is likely to witness an enormous scope of growth during the forecast period. The growth of this region is attributed to the growing oil & gas sectors, especially with the latest changes which are made in the natural gas excavations.
The key players of the Latin America Gas Sensors Market include ABB Ltd., Aeroqual Ltd., Alphanese, City Technology Ltd., Dragerwerk Ag & Co. Kgaa, Dynament Ltd, Figaro Engineering Inc., GFG Europe Ltd, Membrapor Ag, Nemoto & Co., Ltd, NGK Insulators Ltd., Robert Bosch, LLC, Siemens A, Trolex Ltd, and Yokogawa Electric Corporation.
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 By Gas Type
5.1.2 Carbon Dioxide (CO2)
5.1.3 Carbon Monoxide (CO)
5.1.4 Oxygen (O2)
5.1.5 Nitrogen Oxides (NOx)
5.1.6 Hydrogen Sulphide
5.1.7 Other Gases
5.1.8 Y-o-Y Growth Analysis
5.1.9 Market Attractiveness Analysis
5.1.10 Market Share Analysis
5.2 By End- Use
5.2.3 Domestic Appliance
5.2.4 Building Automation
5.2.5 Y-o-Y Growth Analysis
5.2.6 Market Attractiveness Analysis
5.2.7 Market Share Analysis
5.3 By Technology
5.3.4 Y-o-Y Growth Analysis
5.3.5 Market Attractiveness Analysis
5.3.6 Market Share Analysis
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
22.214.171.124 By Geographical Area
126.96.36.199 By End-Industry
188.8.131.52 By Gas Type
184.108.40.206 By Technology
6.1.4 Market Attractiveness Analysis
220.127.116.11 By Geographical Area
18.104.22.168 By End-Industry
22.214.171.124 By Gas Type
126.96.36.199 By Technology
6.1.5 Market Share Analysis
188.8.131.52 By Geographical Area
184.108.40.206 By End-Industry
220.127.116.11 By Gas Type
18.104.22.168 By Technolog
6.4 Latin America
6.4.5 Rest of Latin America
7. Strategic Analysis
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leader Analysis
8.1 Alpha Sense
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Dynament Ltd
8.3 Membrapor AG, Ltd
8.4 ABB Ltd.
8.5 GfG Europe Ltd
8.6 City Technology Ltd
8.7 Figaro Engineering
8.8 Nemoto & Co.
8.9 Robert Bosch LLC.
8.10 Siemens AG
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures
Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
The segment-level analysis in terms of By Technology, By Type, By Application, and along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
A comprehensive list of key market players along with with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
Latin America Gas Sensors Market By Region, From 2021-2026 ( USD Billion )
Latin America Gas Sensors Market By Gas Type, From 2021-2026 ( USD Billion )
Latin America Carbon Dioxide (CO2) Market By Region, From 2021-2026 ( USD Billion )
Latin America Carbon Monoxide (CO) Market By Region, From 2021-2026 ( USD Billion )
Latin America Oxygen (O2) Market By Region, From 2021-2026 ( USD Billion )
Latin America Nitrogen Oxides(NOX) Market By Region, From 2021-2026 ( USD Billion )
Latin America Gas Sensors Market By Technology, From 2021-2026 ( USD Billion )
Latin America Infrared Market By Region, From 2021-2026 ( USD Billion )
Latin America Semi-Conductor Market By Region, From 2021-2026 ( USD Billion )
Latin America Gas Sensors Market By Applications, From 2021-2026 ( USD Billion )
Latin America Industrial Market By Region, From 2021-2026 ( USD Billion )
Latin America Building Automation Market By Region, From 2021-2026 ( USD Billion )
Latin America Domestic Appliance Market By Region, From 2021-2026 ( USD Billion )