India Gas Sensor Market Size & Outlook, 2023-2030
The gas sensor market in India is expected to reach a projected revenue of US$ 338.3 million by 2030. A compound annual growth rate of 12% is expected of India gas sensor market from 2024 to 2030.
Revenue, 2023 (US$M)
$153.4
Forecast, 2030 (US$M)
$338.3
CAGR, 2024 - 2030
12%
Report Coverage
India
India gas sensor market, 2018-2030 (US$M)
Related Markets
India gas sensor market highlights
- The India gas sensor market generated a revenue of USD 153.4 million in 2023 and is expected to reach USD 338.3 million by 2030.
- The India market is expected to grow at a CAGR of 12% from 2024 to 2030.
- In terms of segment, carbon dioxide (co2) sensors was the largest revenue generating product in 2023.
- Nitrogen Oxide (NOx) Sensors is the most lucrative product segment registering the fastest growth during the forecast period.
Gas sensor market data book summary
| Market revenue in 2023 | USD 153.4 million |
| Market revenue in 2030 | USD 338.3 million |
| Growth rate | 12% (CAGR from 2023 to 2030) |
| Largest segment | Carbon dioxide (co2) sensors |
| Fastest growing segment | Nitrogen Oxide (NOx) Sensors |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Oxygen (O2)/Lambda Sensors, Carbon Dioxide (CO2) Sensors, Carbon Monoxide (CO) Sensors, Nitrogen Oxide (NOx) Sensors, Methyl Mercaptan Sensor |
| Key market players worldwide | ABB Ltd, Nemoto & Co., Robert Bosch Engineering & Business Solutions, Siemens AG, Figaro, Teledyne Technologies Inc, City Technology Ltd., Dynament, GfG Instrumentation |
Other key industry trends
- In terms of revenue, India accounted for 5.3% of the global gas sensor market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China gas sensor market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 338.3 million by 2030.
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India gas sensor market size, by product, 2018-2030 (US$M)
India Gas Sensor Market Outlook Share, 2023 & 2030 (US$M)
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