Methane Gas Sensors Market

Methane is a colorless, odorless like carbon dioxide and other greenhouse gas that contributes to climate change by collecting in atmosphere and trapping radiation from the sun. Methane is emitted into the air by many sources, including melting permafrost, gassy cows, and oil and gas drilling sites. Methane is the main ingredient in natural gas, which powers many of homes. Commercial natural gas is scented with odorants to make a potential gas leak detectable, alerting a resident to shut off their stove or track down the leak. Methane gas detector is a device that detects the presence of methane gases in an area. A gas detector can sound an alarm to operators in the area where a leak is occurring, giving them the opportunity to leave.

The methane gas sensors market share is segmented by product, application, and region. Based on product, the market is classified into fixed methane gas detector, portable methane. Based on application, the market is categorized into residential, industrial, commercial, and others. Based on region, it is analyzed across North America (US and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia Pacific (China, Japan, India, and the Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM) and The Middle East and Africa.
Key players profiled in the methane gas sensors industry include Honeywell, Drager, MSA, Industrial Scientific, Emerson, Riken Keiki, Hanwei Electronics, Sensor Electronics and Xi’an Hua Fan Instrument. These key players adopt collaboration, partnership, and agreement as their key developmental strategies to increase revenue of the methane gas sensors market and develop new technology-based products for enhancing their product portfolio.

COVID-19 Scenario Analysis: 

• COVID-19 is an incomparable global public health emergency that has affected every industry so far and its long term effects are projected to impact the market growth.
• COVID-19 outbreak has caused the changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments that are affecting the methane gas sensors market growth.
• In this pandemic, the industries are working by taking all the safety measurements and are using gas sensors to avoid accidents at workplace. This is creating some positive impact on the Methane Gas Sensors market size.
• As government of different provinces have already announced total lockdown and temporarily shutdown of industries, the overall production process being adversely affected; thus, hinder the overall Methane Gas Sensors market opportunity globally.  

Top impacting factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

The increasing use of gas sensors in the residential & commercial industry, emerging demand for gas sensors in consumer electronics, and favorable government regulations regarding the use of gas sensors are the factors driving the growth of the methane gas sensors market revenue. However, high initial cost of the sensors acts as the major barrier for its adoption, thereby hampering the growth of the market. On the contrary, growing trends toward internet of things (IoT) and rising demand for sensors in the development of smart cities are anticipated to provide lucrative opportunities for the gas sensor market during the forecast period.

The global methane gas sensors market trends are as follows:

New product launches to flourish the market

The launches of new products that contain improved capabilities have been launched by leading market players. They have taken necessary steps to improve accuracy of sensors and overall functionality as well. By using these sensors, gas leakages at home and industries can be detected easily to prevent it from getting blast any harm to people working at industries. 

Surge in usage in industrial applications

Government bodies worldwide are making efforts to reduce the oil and gas methane emissions, which, in turn, are creating a demand for gas detection equipment. Infrared gas detection sensors are widely used for methane detection as these detectors are vital for monitoring efficiency and safety in a range of applications. Gas detection equipment plays a vital role in reducing the damages caused by methane leaks during transportation, natural gas extraction, and power generation. Methane gas sensor is a device used as an integral part of a fixed gas detection system for the purposes of monitoring and detecting levels of methane in air in LEL (Lower Explosive Limit) levels or in percent by volume levels.

There are two technologies used to manufacture methane sensors, catalytic bead, and infrared sensor technologies. 

Key benefits of the report:

• This study presents the analytical depiction of the global methane gas sensors industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the methane gas sensors market share.
• The current market is quantitatively analyzed to highlight the methane gas sensors market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed global methane gas sensors market analysis based on competitive intensity and how the competition will take shape in coming years. 
• The current Methane Gas Sensors market forecast is quantitatively analyzed to benchmark the financial competency.

Questions answered in the research report:

• What are the leading market players active in methane gas sensors market?
• What the current trends will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the market?
• What are the projections for the future that would help in taking further strategic steps?

 Methane Gas Sensors Market Report Highlights