The global hydrogen sensor market is expected to reach a market value of US$ 685 million in 2022, with a CAGR of 6.2 percent from 2022 to 2032, resulting in a market value of US$ 1,250 million.
From 2017 to 2022, global sales of hydrogen sensors grew at a 3 percent compound annual growth rate (CAGR). The outbreak of the COVID-19 pandemic had an impact on supply and demand in a variety of end-user industries around the world. As a result, during the first quarter of the pandemic, demand for hydrogen sensors decreased. Sales of hydrogen sensors are expected to recover as the world returns to normalcy.
Key Segments Covered
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By Technology
- Electrochemicals-based Hydrogen Sensors
- Metal-Oxide Semiconductors-based Hydrogen Sensors
- Thermal Conductivity-based Hydrogen Sensors
- Catalytic Hydrogen Sensors
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By Maximum Measurement Range
- Hydrogen Sensors <2,000 ppm (parts per million)
- Hydrogen Sensors <5,000 ppm
- Hydrogen Sensors <10,000 ppm
- Hydrogen Sensors <20,000 ppm
- Hydrogen Sensors above 20,000 ppm
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By Utility
- Fixed Hydrogen Sensors
- Portable Hydrogen Sensors
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By End Use
- Hydrogen Sensors for Industrial Use
- Oil & Gas
- Chemicals
- Food & Beverages
- Power & Energy
- Others
- Hydrogen Sensors for Transportation
- Automotive
- Aerospace
- Others
- Hydrogen Sensors for Residential & Commercial Uses
- Hydrogen Sensors for Industrial Use
Takeaways from the Market Research
By sensor, electrochemical sensors expected to gain more than 35 percent market share for hydrogen sensor market.
The automotive industry is expected to have a market share of more than 45 percent of the hydrogen sensor market by end user.
In North America, the hydrogen sensor industry is expected to have a nearly 45 percent market share.
In Europe, the hydrogen sensor industry is expected to have a nearly 30% market share.
By the end of 2022, the global market for hydrogen sensors is expected to be worth $685 million.
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