Market Overview:
The global hydrogen sensor market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for hydrogen sensors in various applications such as automotive, oil and gas, aerospace and defense, healthcare, mining, power plants and others. Additionally, the growing awareness about environment-friendly fuel vehicles is also propelling the demand for hydrogen sensors across the globe. The electrochemical type of hydrogen sensor held a major share of around 60% in 2017 and is expected to maintain its dominance during the forecast period. This can be attributed to their high accuracy levels and low maintenance requirements. However, MEMS type of hydrogen sensors are witnessing a high growth rate due to their small size and low cost as compared with other types of sensors available in the market.
Product Definition:
A hydrogen sensor is a device used to measure the concentration of hydrogen gas in an environment. Hydrogen sensors are important for many reasons, including safety and environmental concerns.
Electrochemical:
Electrochemical hydrogen sensor market is expected to witness significant growth over the forecast period owing to increasing demand for smart & green solutions in automotive and industrial sector. The major factors driving this market are growing environmental concerns, need for better fuel efficiency, and stringent government regulations. In addition, rising demand for consumer electronic products such as mobile phones and laptops is also a key factor contributing towards the growth of this electrochemical hydrogen sensor market.
MEMS:
Micro-electromechanical system (MEMS) is a combination of electrical and mechanical components, which are used in various applications such as motion sensors, pressure sensors, temperature sensors and vibration sensors. The market for MEMS sensor is expected to witness significant growth over the forecast period owing to their increasing application in automotive & transportation sector. In addition, growing demand for consumer electronics coupled with technological advancements are also anticipated to drive the market growth during the forecast period.
Application Insights:
The automotive segment accounted for the largest revenue share in 2016 and is projected to continue leading over the forecast period. Hydrogen sensors are used in various automotive applications such as fuel cell, powertrain, and hybrid systems. The rising demand for fuel cell vehicles is expected to drive the market growth over the forecast period.
Automotive was followed by oil and gas which accounted for a significant revenue share of 15% in 2016 owing to increasing investments in R&D pertaining to hydrogen energy generation technologies across major economies including Japan, China, Germany France etc. Increasing R&D activities pertaining to renewable sources of energy such as solar and wind are also anticipated to contribute significantly towards industry growth over the next eight years or so.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region with a CAGR of XX% from 2018 to 2030. The presence of key players in countries such as Japan and South Korea has led to an increase in the number of manufacturing facilities, thereby driving regional demand. Countries such as China, India, and Japan are witnessing rapid industrialization owing to which there is an increasing demand for H2 sensors across various applications.
The North America market was valued at USD X million in 2017 and is anticipated to witness significant growth over the forecast period owing to rising investments by governments for developing fuel cell infrastructure coupled with growing awareness regarding clean energy technologies across end-use industries such as transportation and power generation sectors.
Growth Factors:
- Increasing demand for hydrogen fuel cells in automobiles
- Growing popularity of hydrogen as a green fuel source
- Rising demand for hydrogen sensors in industrial and commercial applications
- Proliferation of smart grids and the internet of things (IoT) that enable the efficient management and distribution of energy resources
- Technological advancements that improve the accuracy, sensitivity, and reliability of hydrogen sensors
Scope Of The Report
Report Attributes
Report Details
Report Title
Hydrogen Sensor Market Research Report
By Type
Electrochemical, MEMS, Chemochromic, Others
By Application
Automotive, Oil and Gas, Aerospace and Defense, Healthcare, Mining, Power Plants, Others
By Companies
Honeywell, Membrapor, Figaro Engineering, Nissha FIS, Aeroqual, Toshiba, Makel Engineering, NTM Sensors, Hydrogen Sense Technology, Zhengzhou Winsen Electronics, Suzhou TaKrMEMS, ProSense Technologies
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Hydrogen Sensor Market Report Segments:
The global Hydrogen Sensor market is segmented on the basis of:
Types
Electrochemical, MEMS, Chemochromic, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive, Oil and Gas, Aerospace and Defense, Healthcare, Mining, Power Plants, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Honeywell
- Membrapor
- Figaro Engineering
- Nissha FIS
- Aeroqual
- Toshiba
- Makel Engineering
- NTM Sensors
- Hydrogen Sense Technology
- Zhengzhou Winsen Electronics
- Suzhou TaKrMEMS
- ProSense Technologies
Highlights of The Hydrogen Sensor Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Electrochemical
- MEMS
- Chemochromic
- Others
- By Application:
- Automotive
- Oil and Gas
- Aerospace and Defense
- Healthcare
- Mining
- Power Plants
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Hydrogen Sensor Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A hydrogen sensor is a device that measures the level of hydrogen gas in an air or water environment. Hydrogen sensors are used to monitor the levels of hydrogen gas in industrial processes, automotive emissions, and spacecraft atmospheres.
Some of the major companies in the hydrogen sensor market are Honeywell, Membrapor, Figaro Engineering, Nissha FIS, Aeroqual, Toshiba, Makel Engineering, NTM Sensors, Hydrogen Sense Technology, Zhengzhou Winsen Electronics, Suzhou TaKrMEMS, ProSense Technologies.
The hydrogen sensor market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Hydrogen Sensor Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Hydrogen Sensor Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Hydrogen Sensor Market - Supply Chain
4.5. Global Hydrogen Sensor Market Forecast
4.5.1. Hydrogen Sensor Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Hydrogen Sensor Market Size (000 Units) and Y-o-Y Growth
4.5.3. Hydrogen Sensor Market Absolute $ Opportunity
5. Global Hydrogen Sensor Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Hydrogen Sensor Market Size and Volume Forecast by Type
5.3.1. Electrochemical
5.3.2. MEMS
5.3.3. Chemochromic
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Hydrogen Sensor Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Hydrogen Sensor Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Oil and Gas
6.3.3. Aerospace and Defense
6.3.4. Healthcare
6.3.5. Mining
6.3.6. Power Plants
6.3.7. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Hydrogen Sensor Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Hydrogen Sensor Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Hydrogen Sensor Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Hydrogen Sensor Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Hydrogen Sensor Demand Share Forecast, 2019-2026
9. North America Hydrogen Sensor Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Hydrogen Sensor Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Hydrogen Sensor Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Oil and Gas
9.4.3. Aerospace and Defense
9.4.4. Healthcare
9.4.5. Mining
9.4.6. Power Plants
9.4.7. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Hydrogen Sensor Market Size and Volume Forecast by Type
9.7.1. Electrochemical
9.7.2. MEMS
9.7.3. Chemochromic
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Hydrogen Sensor Demand Share Forecast, 2019-2026
10. Latin America Hydrogen Sensor Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Hydrogen Sensor Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Hydrogen Sensor Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Oil and Gas
10.4.3. Aerospace and Defense
10.4.4. Healthcare
10.4.5. Mining
10.4.6. Power Plants
10.4.7. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Hydrogen Sensor Market Size and Volume Forecast by Type
10.7.1. Electrochemical
10.7.2. MEMS
10.7.3. Chemochromic
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Hydrogen Sensor Demand Share Forecast, 2019-2026
11. Europe Hydrogen Sensor Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Hydrogen Sensor Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Hydrogen Sensor Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Oil and Gas
11.4.3. Aerospace and Defense
11.4.4. Healthcare
11.4.5. Mining
11.4.6. Power Plants
11.4.7. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Hydrogen Sensor Market Size and Volume Forecast by Type
11.7.1. Electrochemical
11.7.2. MEMS
11.7.3. Chemochromic
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Hydrogen Sensor Demand Share, 2019-2026
12. Asia Pacific Hydrogen Sensor Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Hydrogen Sensor Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Hydrogen Sensor Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Oil and Gas
12.4.3. Aerospace and Defense
12.4.4. Healthcare
12.4.5. Mining
12.4.6. Power Plants
12.4.7. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Hydrogen Sensor Market Size and Volume Forecast by Type
12.7.1. Electrochemical
12.7.2. MEMS
12.7.3. Chemochromic
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Hydrogen Sensor Demand Share, 2019-2026
13. Middle East & Africa Hydrogen Sensor Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Hydrogen Sensor Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Hydrogen Sensor Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Oil and Gas
13.4.3. Aerospace and Defense
13.4.4. Healthcare
13.4.5. Mining
13.4.6. Power Plants
13.4.7. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Hydrogen Sensor Market Size and Volume Forecast by Type
13.7.1. Electrochemical
13.7.2. MEMS
13.7.3. Chemochromic
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Hydrogen Sensor Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Hydrogen Sensor Market: Market Share Analysis
14.2. Hydrogen Sensor Distributors and Customers
14.3. Hydrogen Sensor Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Honeywell
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Membrapor
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Figaro Engineering
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Nissha FIS
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Aeroqual
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Toshiba
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Makel Engineering
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. NTM Sensors
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Hydrogen Sense Technology
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Zhengzhou Winsen Electronics
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Suzhou TaKrMEMS
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. ProSense Technologies
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
