Oxygen Sensors Market Size & Share, by Product Type (Potentiometric, Amperometric, Resistive); Technology (Infrared, Catalytic); End User Industry (Chemical & Petrochemical, Automotive, Medical & Life Sciences, Industrial, Water & Wastewater, Smart Buildings) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 5421
  • Published Date: Nov 29, 2023
  • Report Format: PDF, PPT
  1. An Introduction to the Research Study
    1. Preface
    2. Market Taxonomy
    3. Definition of the Market and the Segments
    4. Acronyms and Assumptions
  2. The Research Procedure
    1. Sources of Data
    2. Secondary
    3. Primary
      1. Manufacturer Front
      2. End User Industry Front
      3. Supplier/Distributor Front
    4. Calculation and Derivation of Market Size
    5. Top-Down Approach
    6. Bottom-up Approach
  3. Recommendation by Analyst for C-level Executives
  4. An Abstract of the Report
  5. Evaluation of Market Fluctuations and Outlook
    1. Market Growth Drivers
    2. Market Growth Deflation
    3. Market Trends
      1. Manufacturer Based
      2. End User Industry Based
  6. Fundamental Market Prospects
    1. Strategic Competitive Opportunities
    2. Geographic Opportunities
    3. Application Centric Opportunities
  7. Decarbonization Strategy and Carbon Credit Benefits for Market Players
    1. Global Government Decarbonization Plans/Goals by Each Country under 2015 Agreement Agreed by 200 Countries
    2. Measures taken by Countries to Reduce Carbon Footprints
    3. Carbon Credits and Subsidy Plans/Benefits Rolled out by the Government for Market Players
    4. Effective Ways to Harness Carbon-Credits and Impact on Profit Margins
    5. Demand Impact on the Companies Opting for Carbon Credits
  8. Regulatory & Standards Landscape
  9. Economic Outlook: Japan
  10. Recession in Japan and the Global Economy
  11. Industry Value Chain Analysis
  12. Impact of Recession on Global Economy
  13. Product Feature Analysis
  14. End User Industry Analysis
  15. Porter Five Forces Analysis
  16. PEST Analysis
  17. Comprehensive Analysis of Leading Players in the Market
    1. Company Market Share (%), 2022
    2. Competitive Benchmarking
    3. Business Profile of Key Enterprise
      1. Robert Bosch LLC
      2. ABB
      3. Honeywell International Inc
      4. Eaton
      5. Figaro Engineering Inc
      6. Advanced Micro Instruments Inc
      7. Apogee Instruments, Inc.
      8. GE HealthCare
      9. Niterra North America, Inc.
      10. AMETEK.Inc.
      11. Yokogawa India Ltd.
      12. Niterra Co., Ltd.
      13. Fujikura Ltd
  18. Global Oxygen Sensor Market Outlook
    1. Market Overview
    2. Market Value (USD Million), Volume (Thousand Units) Current and Future Projections, 2022-2035
    3. Market Increment $ Opportunity Assessment, 2022-2035
    4. Year-on-Year (YoY) Growth Trend Analysis
    5. Global Oxygen Sensor Market Outlook & Projections, Opportunity Assessment by Segment, 2022-2035
      1. By Product Type
        1. Potentiometric Market Value (USD Million), Volume (Thousand Units) Current and Future Projections, 2022-2035
        2. Amperometric Market Value (USD Million), Volume (Thousand Units) Current and Future Projections, 2022-2035
        3. Resistive Market Value (USD Million), Volume (Thousand Units) Current and Future Projections, 2022-2035
    6. Global Oxygen Sensor Market Outlook & Projections, Opportunity Assessment by Segment, 2022-2035
      1. By Technology
        1. Infrared Market Value (USD Million) Current and Future Projections, 2022-2035
        2. Catalytic Market Value (USD Million) Current and Future Projections, 2022-2035
    7. Global Oxygen Sensor Market Outlook & Projections, Opportunity Assessment by Segment, 2022-2035
      1. By End User Industry
        1. Chemical and Petrochemical Market Value (USD Million) Current and Future Projections, 2022-2035
        2. Automotive Market Value (USD Million) Current and Future Projections, 2022-2035
        3. Medical and Life Sciences Market Value (USD Million) Current and Future Projections, 2022-2035
        4. Industrial Market Value (USD Million) Current and Future Projections, 2022-2035
        5. Water and Wastewater Market Value (USD Million) Current and Future Projections, 2022-2035
        6. Smart Buildings Market Value (USD Million) Current and Future Projections, 2022-2035
    8. Global Oxygen Sensor Market Segmentation Analysis (2022-2035)
      1. By Geography
        1. North America Market Value (USD Million), Volume (Thousand Units) Current and Future Projections, 2022-2035
        2. Europe Market Value (USD Million), Volume (Thousand Units) Current and Future Projections, 2022-2035
        3. Asia Pacific Excluding Japan Market Value (USD Million), Volume (Thousand Units) Current and Future Projections, 2022-2035
        4. Japan Market Value (USD Million), Volume (Thousand Units) Current and Future Projections, 2022-2035
        5. Latin America Market Value (USD Million), Volume (Thousand Units) Current and Future Projections, 2022-2035
        6. Middle East & Africa Market Value (USD Million), Volume (Thousand Units) Current and Future Projections, 2022-2035
  19. Cross Analysis of Technology w.r.t. Product Type (USD Million), 2022
  20. North America Oxygen Sensor Market Outlook
    1. Outline of the Segment
    2. Detailed Overview
    3. Leading companies Oxygen Sensor market
    4. Pricing outlook (USD)
    5. Recent trends in the market
    6. North America Oxygen Sensor Market Outlook & Projections, Opportunity Assessment by Segment, 2022-2035
      1. By Product Type
        1. Potentiometric Market Value (USD Million), Volume (Thousand Units) Current and Future Projections, 2022-2035
        2. Amperometric Market Value (USD Million), Volume (Thousand Units) Current and Future Projections, 2022-2035
        3. Resistive Market Value (USD Million), Volume (Thousand Units) Current and Future Projections, 2022-2035
    7. North America Oxygen Sensor Market Outlook & Projections, Opportunity Assessment by Segment, 2022-2035
      1. By Technology
        1. Infrared Market Value (USD Million) Current and Future Projections, 2022-2035
        2. Catalytic Market Value (USD Million) Current and Future Projections, 2022-2035
    8. North America Oxygen Sensor Market Outlook & Projections, Opportunity Assessment by Segment, 2022-2035
      1. By End User Industry
        1. Chemical and Petrochemical Market Value (USD Million) Current and Future Projections, 2022-2035
        2. Automotive Market Value (USD Million) Current and Future Projections, 2022-2035
        3. Medical and Life Sciences Market Value (USD Million) Current and Future Projections, 2022-2035
        4. Industrial Market Value (USD Million) Current and Future Projections, 2022-2035
        5. Water and Wastewater Market Value (USD Million) Current and Future Projections, 2022-2035
        6. Smart Buildings Market Value (USD Million) Current and Future Projections, 2022-2035
    9. North America Oxygen Sensor Market Segmentation Analysis (2022-2035)
      1. By Country
        1. US Market Value (USD Million), Volume (Thousand Units) Current and Future Projections, 2022-2035
        2. Canada Market Value (USD Million), Volume (Thousand Units) Current and Future Projections, 2022-2035
  21. Europe Oxygen Sensor Market Outlook
    1. Outline of the Segment
    2. Detailed Overview
    3. Leading companies Oxygen Sensor market
    4. Pricing outlook (USD)
    5. Recent trends in the market
    6. Europe Oxygen Sensor Market Outlook & Projections, Opportunity Assessment by Segment, 2022-2035
      1. By Product Type
    7. Europe Oxygen Sensor Market Outlook & Projections, Opportunity Assessment by Segment, 2022-2035
      1. By Technology
    8. Europe Oxygen Sensor Market Outlook & Projections, Opportunity Assessment by Segment, 2022-2035
      1. By End User Industry
    9. Europe Oxygen Sensor Market Segmentation Analysis (2022-2035)
      1. By Country
      2. UK Market Value (USD Million), Volume (Thousand Units) Current and Future Projections, 2022-2035
      3. Germany Market Value (USD Million), Volume (Thousand Units) Current and Future Projections, 2022-2035
      4. France Market Value (USD Million), Volume (Thousand Units) Current and Future Projections, 2022-2035
      5. Italy Market Value (USD Million), Volume (Thousand Units) Current and Future Projections, 2022-2035
      6. Spain Market Value (USD Million), Volume (Thousand Units) Current and Future Projections, 2022-2035
      7. Russia Market Value (USD Million), Volume (Thousand Units) Current and Future Projections, 2022-2035
      8. BENELUX Market Value (USD Million), Volume (Thousand Units) Current and Future Projections, 2022-2035
      9. Poland Market Value (USD Million), Volume (Thousand Units) Current and Future Projections, 2022-2035
      10. Rest of Europe Market Value (USD Million), Volume (Thousand Units) Current and Future Projections, 2022-2035
  22. Asia Pacific excluding Japan Oxygen  Sensor Market Outlook
    1. Outline of the Segment
    2. Detailed Overview
    3. Leading companies Oxygen Sensor market
    4. Pricing outlook (USD)
    5. Recent trends in the market
    6. Asia Pacific excluding Japan Oxygen  Sensor Market Outlook & Projections, Opportunity Assessment by Segment, 2022-2035
      1. By Product Type
    7. Asia Pacific excluding Japan Oxygen  Sensor Market Outlook & Projections, Opportunity Assessment by Segment, 2022-2035
      1. By Technology
    8. Asia Pacific excluding Japan Oxygen  Sensor Market Outlook & Projections, Opportunity Assessment by Segment, 2022-2035
      1. By End User Industry
    9. Asia Pacific excluding Japan Oxygen  Sensor Market Segmentation Analysis (2022-2035)
      1. By Country
  23. Japan Oxygen Sensor Market Outlook
    1. Outline of the Segment
    2. Detailed Overview
    3. Leading companies Oxygen Sensor market
    4. Pricing outlook (USD)
    5. Recent trends in the market
    6. Japan Oxygen Sensor Market Outlook & Projections, Opportunity Assessment by Segment, 2022-2035
      1. By Product Type
    7. Japan Oxygen Sensor Market Outlook & Projections, Opportunity Assessment by Segment, 2022-2035
      1. By Technology
    8. Japan Oxygen Sensor Market Outlook & Projections, Opportunity Assessment by Segment, 2022-2035
      1. By End User Industry
  24. Latin America Oxygen Sensor Market Outlook
    1. Outline of the Segment
    2. Detailed Overview
    3. Leading companies Oxygen Sensor market
    4. Pricing outlook (USD)
    5. Recent trends in the market
    6. Latin America Oxygen Sensor Market Outlook & Projections, Opportunity Assessment by Segment, 2022-2035
      1. By Product Type
    7. Latin America Oxygen Sensor Market Outlook & Projections, Opportunity Assessment by Segment, 2022-2035
      1. By Technology
    8. Latin America Oxygen Sensor Market Outlook & Projections, Opportunity Assessment by Segment, 2022-2035
      1. By End User Industry
    9. Latin America Oxygen Sensor Market Segmentation Analysis (2022-2035)
      1. By Country
        1. Mexico Market Value (USD Million), Volume (Thousand Units) Current and Future Projections, 2022-2035
        2. Argentina Market Value (USD Million), Volume (Thousand Units) Current and Future Projections, 2022-2035
        3. Brazil Market Value (USD Million), Volume (Thousand Units) Current and Future Projections, 2022-2035
        4. Rest of Latin America Market Value (USD Million), Volume (Thousand Units) Current and Future Projections, 2022-2035
  25. Middle East & Africa Oxygen Sensor Market Outlook
    1. Outline of the Segment
    2. Detailed Overview
    3. Leading companies Oxygen Sensor market
    4. Pricing outlook (USD)
    5. Recent trends in the market
    6. Middle East & Africa Oxygen Sensor Market Outlook & Projections, Opportunity Assessment by Segment, 2022-2035
      1. By Product Type
    7. Middle East & Africa Oxygen Sensor Market Outlook & Projections, Opportunity Assessment by Segment, 2022-2035
      1. By Technology
    8. Middle East & Africa Oxygen Sensor Market Outlook & Projections, Opportunity Assessment by Segment, 2022-2035
      1. By End User Industry
    9. Middle East & Africa Oxygen Sensor Market Segmentation Analysis (2022-2035)
      1. By Country
        1. GCC Market Value (USD Million), Volume (Thousand Units) Current and Future Projections, 2022-2035
        2. Israel Market Value (USD Million), Volume (Thousand Units) Current and Future Projections, 2022-2035
        3. South Africa Market Value (USD Million), Volume (Thousand Units) Current and Future Projections, 2022-2035
        4. Rest of Middle East & Africa Market Value (USD Million), Volume (Thousand Units) Current and Future Projections, 2022-2035

Global Market Size, Forecast, and Trend Highlights Over 2023-2035

Oxygen Sensors Market size is expected to cross USD 5.24 billion by the end of 2035, growing at a CAGR of 6.8% during the forecast period, i.e., 2023-2035. In the year 2022, the industry size of oxygen sensors was USD 2.26 billion. This growth of the market is projected to be encouraged by growing demand for automobiles. Global automotive sales surged from almost 65 million vehicles in 2021 to about 66 million vehicles in 2022. Oxygen sensors are frequently used in various automotive vehicles for monitoring the operation of internal combustion engines. Hence, the demand for oxygen sensor is growing.

The oxygen sensor instrument is employed to control the emissions from petrol, diesel, and petrol engines. The O2 sensor is mounted in the exhaust manifold to measure the quantity of unburned oxygen in the exhaust as it exits the engine. Hence, further with the growing emission for automotive is expected to influence the market expansion. An average passenger automobile generates 4.6 metric tonnes of carbon dioxide annually.


Oxygen Sensor Market
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Oxygen Sensors Market: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

6.8%

Base Year Market Size (2022)

USD 2.26 Billion

Forecast Year Market Size (2035)

USD 5.24 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Oxygen Sensors Sector: Growth Drivers and Challenges

Market-Growth-Drivers

Growth Drivers

  • Surge in the Use of Oxygen Sensors in Healthcare - Oxygen sensors are used to gauge and monitor the degree of oxygen concentration, or the amount of oxygen exhaled and inhaled by a patient attached to an anesthesia machine or on a ventilator. Additionally, as a result of COVID-19, the need for oxygen concentrators and medical ventilators has been rising quickly, which has put further strain on the healthcare industry. Thus, oxygen sensors for medical equipment have become indispensable to the operation of medical concentrators and ventilators. Moreover, in order to regulate oxygen, ventilator manufacturers generally employ FDA-approved electrogalvanic sensors, which are additionally referred to as "disposable oxygen sensors." These reliable and reasonably inexpensive instruments monitor oxygen levels between 0 and 100%.
  • Rise in Advancement in Technology  - The oxygen sensors market is projected to increase in the upcoming year due to rising technological advancements in oxygen sensors and higher expenditures incurred by major players for the development of innovative products. Innovations including the wideband O2 sensor have appeared, providing improved precision and the capacity to gauge a wider variety of oxygen concentrations. Furthermore, new avenues for O2 sensor integration and data monitoring have been made feasible by improvements in wireless communication and miniaturization.
  • Growing Need to Treat Wastewater - Globally, over 379 billion cubic metres of municipal wastewater are produced annually. Additionally, water consumption from business and residential users would increase throughout the industrialized world. However, there has growing scarcity of fresh water in the world. As a result, the demand to treat waste water is growing. Wastewater is subjected to a range of processes in treatment facilities, all of which are intended to rid the water of contaminants and other dangerous substances. Moreover, to keep an eye on the oxygen concentration during the treatment process the oxygen sensors are utilized. Why is why, the oxygen sensors market revenue is growing.

Challenges

  • Require High Amount of Fuel - The oxygen sensors consume an excessive quantity of gasoline, which is extremely detrimental. Additionally, the price of fuel all across the world is also growing on account of growing conflict among nations such as Russia-Ukraine. Hence, the market for oxygen might also be hindered.
  • High Price of Oxygen Sensor - Oxygen sensors are typically only replaced when they malfunction since they are not among the maintenance components that need to be updated frequently, such as oil and air filters. However, industries and even individual users of oxygen sensors occasionally have to pay a significant portion of their revenue in order to purchase them. Moreover, further, the price for replacing an oxygen sensor varies significantly depending on the kind of vehicle and sensor brand. Superior brand requires high quality oxygen sensor and since the demand for such brands is always high the need for efficiency is also surging. Hence, the demand for oxygen sensor is rising.
  • Oxygen Sensor Provides Poor Accuracy


Oxygen Sensors Segmentation

Product Type (Potentiometric, Amperometric, Resistive)

The potentiometric segment in the oxygen sensors market is poised to surpass USD 2.43 Billion by the end of 2035, up from a revenue of USD 1 Billion in the year 2022. The function of potentiometer sensors is to quantify the potential difference between two electrodes. In order to assess vital electrolytes physiologically, this analytical technique has been applied extensively. Moreover, its demand is also surging in the food processing industry. The food processing sector possesses a number of difficulties, prominent among them being the need to check food safety and nutritional quality. For quality and safety analyses, conventional analytical methods are very laborious, time-consuming, and require specialized personnel. Depending on this approach is not practicable due to the potential of food poisoning from improper handling and storage. According to the WHO prediction, approximately one in ten individuals globally, or 600 million people, are believed to become unwell after consuming tainted food, and 420,000 of them pass away a year, taking 33 million years of healthy living away. As a result, the adoption of potentiometers is predicted to grow.

Technology (Infrared, Catalytic)

Oxygen sensors market from the infrared segment is projected to grow at the highest CAGR of 7% over the coming years. Some of the shortcomings of catalytic sensors have been addressed with the development of infrared gas sensors. Often referred to as fingertip oximeters or finger pulse oximeters, infrared pulse oximeters are light-based oxygen sensors that monitor blood oxygen levels. Hence, with the surge prevalence of asthma and cardiovascular disease, the segment is set to grow further. Most frequently, they are employed in inexpensive fingertip or earlobe devices that evaluate the body's oxygen saturation for usage in at-home medicine. Additionally, the benefits of owning infrared oxygen sensors are its non-invasiveness, affordability, portability, and ability to promptly identify low blood oxygen levels.

Our in-depth analysis of the global oxygen sensors market includes the following segments:

          Product Type

  • Potentiometric
  • Amperometric
  • Resistive

          Technology

  • Infrared
  • Catalytic

          End User Industry

  • Chemical & Petrochemical
  • Automotive
  • Medical & Life Sciences
  • Industrial
  • Water & Wastewater
  • Smart Buildings

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Oxygen Sensors Industry - Regional Synopsis

Asia Pacific Excluding Japan Market Forecast

The Asia Pacific region excluding Japan oxygen sensors market is projected to cross USD 2.06 Billion by the end of 2035, up from a revenue of USD 0.82 Million in the year 2022. This growth is set to be influenced by rising demand for two-wheelers. Due to their excellent fuel effectiveness and ease of riding in crowded areas, two-wheeled scooters and motorbikes are the most prevalent forms of transportation in the Asia-Pacific region. As a consequence, traditional two-wheeled vehicles are being significantly adopted by consumers in the Asia Pacific region. The Asia Pacific area's growing urbanization of developing nations and the rising incomes of middle-class families are largely responsible for the current surge in scooter and motorcycle usage in the region. People spent more money on transport as a result of these changes, and they also needed transport to get to work. Over 89% of two-wheeler sales worldwide take place in Asia. Hence, since its demand is this high large number of organizations are working on deploying the oxygen sensor in two-wheelers which might dominate the market expansion in the coming years. 

North American Market Analysis

The oxygen sensors market in North America is also projected to have significant growth with a revenue of USD 1.4 Billion in the market over the forecast period. The market in this region is growing on account of growing investment on health care by the government. Hence, the adoption of ventilators at a high rate has become possible in this region which is further expected to drive the market growth. Furthermore, the development of number of hospitals with advanced technology has been encouraged. As a result, this is also estimated to influence the market growth in this region.

Research Nester
Oxygen Sensor Market size
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Companies Dominating the Oxygen Sensors Landscape

top-features-companies
    • ABB
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Robert Bosch LLC
    • Honeywell International Inc
    • Eaton
    • Figaro Engineering Inc
    • Advanced Micro Instruments Inc
    • Apogee Instruments, Inc.
    • GE HealthCare
    • Niterra North America, Inc.
    • AMETEK. Inc.
    • Yokogawa India Ltd.
    • Niterra Co., Ltd.
    • Fujikura Ltd

In-the-news

In The News

  • April 5, 2022: In order to provide jointly developed technologies for energy management, energy savings, and the smart Internet of Things (IoT) connection of both residential and commercial buildings, ABB and Samsung Electronics have formed a global cooperation. Nearly 40% of yearly global CO2 emissions come from buildings1. The two companies' collaboration will provide a foundation for long-term innovation in smart devices, smart control, and smart technology.
  • September 6, 2023: United Electronic Industries (UEI), a top supplier of data acquisition and control systems for the aerospace, defense, energy, and semiconductor industries, was acquired by AMETEK, Inc. UEI specializes in the development and production of high-performance test, measurement, simulation, and control solutions that let clients create intelligent, dependable, adaptable, and durable systems. The company's technologies are utilized in numerous mission-critical applications, such as automated testing, machine health and usage monitoring, and aviation simulation and training.

Author Credits:  Abhishek Verma, Hetal Singh


  • Report ID: 5421
  • Published Date: Nov 29, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The major factors driving the growth of the market are surge in use of oxygen sensors in healthcare, rise in advancement in technology, and growing need to treat wastewater.

The market size of oxygen sensors is anticipated to attain a CAGR of 6.8% over the forecast period, i.e., 2023-2035.

The major players in the market are ABB, Honeywell International Inc, Eaton, Figaro Engineering Inc, and others.

The potentiometer segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Oxygen Sensors Market Report Scope
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