Description

The global methane sensors market size is expected to grow at a CAGR of 4.6% from 2022 to 2030. Methane sensors are used to detect or monitor the leakage or flow of methane gas or liqiud methane. Methane is a odorless, colorless, such as carbon dioxide and other gases that contributes to climate change by collecting in atmosphere and trapping radiation.

Various factors such as supportive government initaitives to prevent gas leakage incidences, growing adoption of methane sensors in various verticals. Such factors are contribution in the pisitve growth of the makret over the forecasting period. Factors such as lack of standardization, high installation cost, will hamper the growth of the market in upcoming years. Additionally, integration of advancing technologies such as AI, ML, and IoT, among others, will create lucrative opportunites for the growth of the market.

Scope of the Global Methane Sensors Market

The study categorizes the methane sensors market based on sensor type and application at the regional and global levels.

By Sensor Type Outlook

• Fixed
• Portable

By Application Outlook

• Residential
• Commercial
• Industrial

By Region Outlook

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Italy
  • France
  • UK
  • Spain
  • Poland
  • Russia
  • Slovenia
  • Slovakia
  • the Netherlands
  • Belgium
  • Norway
  • Denmark
  • Czech Republic
  • Sweden
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Indonesia
  • Malaysia
  • Thailand
  • Vietnam
  • the Philippines
  • Singapore
  • Australia & New Zealand
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Colombia
  • Rest of Latin America
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Northern Africa
  • Rest of MEA

The Industrial segment is projected to account for the largest market share, by Application

Based on type, the global methane sensors market is bifurcated into comerical, industrial, and residential. Among them, the industrial segment holded major makret share during the year 2020, and is estimated to showcase highest CAGR growth during the forecasting period across the globe, followed by commercial segment. The growing industrioaslization and related gas leakage accidents coupled with government initiaitves for public welfare.

Asia Pacific accounts for the highest CAGR during the forecast period

Based on the regions, the global methane sensors market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. Globally, Asia Pacific is estimated to hold the highest CAGR in the global methane sensors market during the forecast period. The region includes the countries such as China, India, Japan, South Korea, Australia, Southeast Asia, and Rest of Asia-Pacific. The growth of the region is primarily due to strong economic growth in the domestic emerging countries such as China, Indonesia, Malaysia, and India. Furthermore, the major operating players are expanding their territories in the region, due to growth potential and surging industrial growth in the region.

Key Market Players

The major players in the global methane sensors market are:

• Honeywell
• Drager
• MSA
• Industrial Scientific
• Emerson
• Riken Keiki
• Hanwei Electronics
• Sensor Electronics
• Xi’an Hua Fan Instrument

Recent Developments

• In April 2021, Honeywell Internationsl Inc., launched gas cloud imaging (GCI) system in Europe as well. In order to provide continuous and automated monitoring for leaks of dangerous and polluting gases such as methane at chemical, oil and gas, and power generation sectors. The system provides continuous monitoring with real-time analysis and employs hyperspectral sensors for the monitoring purpose.
• In June 2020, MSR electronics collaborated with HEP Group, and provide methane gas monitoring solution to the group. This collaboration enhance the customer portfolio and brand image in the market.
• In February 2020, AerNos launched AerIoT, a nano gas sensor product that utilizes tiny sensor array to detect multiple gases inclusing Methane simultaneously for indoor and outdoor air quality monitoring, hazardous gas detection, and other e-nose applications.

Key Issues Addressed

• What is the market size by various segmentation of the methane sensors by region and its respective countries?
• What are the customer buying behavior, key takeaways, and Porter's 5 forces of the methane sensors market?
• What are the key opportunities and trends for manufacturers involved in the methane sensors supply chain?
• What are the fundamental dynamics (drivers, restraints, opportunities, and challenges) of the market?
• What and how regulations, schemes, patents, and policies are impacting the growth of the market?
• What are the upcoming technological solutions influencing market trends? How will existing companies adapt to the new change in technology?
• The market player positioning, top winning strategies by years, company product developments, and launches will be?
• How has COVID-19 impacted the demand and sales of methane sensors in the global market? Also, the expected BPS drop or rise count of the market and market predicted recovery period.
• Detailed analysis of the competitors and their latest launch, and what are the prominent startups introduced in the target market? Also, detailed company profiling of 25+ leading and prominent companies in the market.