Global Hydrogen Sensor Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Hydrogen Sensor Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Hydrogen sensors refer to sensors which are hydrogen detectors, which are used to detect hydrogen wherever it is produced, stored, distributed or used. There is a rapidly growing number of hydrogen sensors available on the commercial market. Different types of sensors exist and the most commonly available hydrogen sensors include Electrochemical, MEMS, Chemochromic sensors. Each type of hydrogen sensor has its own advantages and disadvantages in terms of performance. The hydrogen sensors are widely deployed in industries that either produce or consume hydrogen gas such as Automotive, Oil and Gas, Aerospace and Defense, Healthcare, Mining, Power Plants among others.

Market Overview:

The latest research study on the global Hydrogen Sensor market finds that the global Hydrogen Sensor market reached a value of USD 90.36 million in 2022. It’s expected that the market will achieve USD 132.94 million by 2028, exhibiting a CAGR of 6.65% during the forecast period.

Influence of COVID-19 Outbreak on Hydrogen Sensor Industry Development

In the specific environment based on the outbreak of COVID-19, the global economy has been significantly affected, resulting in challenges and opportunities for the development status of various industries. The report is based on the impact of COVID-19 and conducts research on the hydrogen sensor industry from different perspectives such as macroeconomics, industrial chains, and regions.

Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 100 countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease (COVID-19) are already starting to be felt, and will significantly affect the hydrogen sensor market in 2020. COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets. During the epidemic, the resumption of work, operations, revenue targets, and industry development of the hydrogen sensor industry were all challenge.

The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the hydrogen sensor market in 2020. The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor/outdoor events restricted; over forty countries state of emergency declared; massive slowing of the supply chain; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about future. Natural disasters and pandemics such as COVID-19 are unforeseen, and have affected all economies across the globe. COVID-19 has also resulted in impacting the demand for hydrogen sensors, backed by the imposition of lockdowns and demand drop from oil & gas and automotive industries, which happen to be the prime consumers of hydrogen sensors.

Region Overview:

From 2022-2027, Asia Pacific is estimated to witness robust growth prospects.

Company Overview:

City Technology Ltd is one of the major players operating in the Hydrogen Sensor market, holding a share of 15.94% in 2021.

City Technology is a leading global provider of life-saving gas sensing solutions. From pioneering origins of university laboratories to the forefront of safety-critical environments, we are committed to improving the quality of gas detection through innovative technologies. City Technology has more than 300 products that can detect 28 different gases.

Figaro Engineering Inc. manufactures semiconductor gas detection sensors. The Company sells their products throughout the world to the safety, health, residential, and commercial industries.

Segmentation Overview:

Among different product types, Electrochemical segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Oil and Gas segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Hydrogen Sensor market covered in Chapter 3:

Hanwei
Siemens AG
Makel Engineering
Membrapor
Shanxi Tengxing
NEMOTO
City Technology Ltd
Figaro Engineering
Euro-Gas Management Services Ltd
NTM Sensors
AMS
Nissha FIS
Honeywell

In Chapter 4 and Chapter 14.2, on the basis of types, the Hydrogen Sensor market from 2018 to 2029 is primarily split into:

Electrochemical
MEMS
Chemochromic

Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Hydrogen Sensor market from 2018 to 2029 covers:

Automotive
Oil and Gas
Aerospace and Defense
Healthcare
Mining
Power Plants

Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)