Hydrogen Sensor Industry Analysis in East Asia
Study on Hydrogen Sensors in East Asia by Electrochemical, Metal-oxide Semiconductors, Thermal Conductivity, and Catalytic from 2024 to 2034
Analysis of Hydrogen Sensors Covering Countries Including Analysis of China, Japan, and South Korea
Hydrogen Sensor Sales Outlook for East Asia (2024 to 2034)
Fact.MR, in its newly published report, reveals that sales of hydrogen sensors in East Asia are pegged at US$ 62.6 million for 2024. The market in East Asia is projected to rise at 6.8% CAGR and reach a size of US$ 121 million by the end of 2034.
Countries in East Asia are focusing on developing a hydrogen economy. This has led to the increasing use of hydrogen as a renewable and clean energy source for several applications, including industrial processes, vehicles, power generation, and others. The rising use of hydrogen is predicted to generate requirements for sensors for the detection of leakages and monitoring of hydrogen concentrations for safety reasons.
Hydrogen is highly flammable and is capable of posing some safety risks in case of leakage. With constant efforts by governments and industries to adopt hydrogen, an increase in the demand for reliable sensors is experienced to ensure the safety of systems.
The development of strong hydrogen infrastructure, such as transportation, distribution networks, and storage facilities is forecasted to generate demand for robust monitoring systems.
Hydrogen sensors contribute significantly to the detection of potential irregularities in transportation systems and hydrogen storage. Increasing concentration in East Asia to reduce carbon emissions along with a transition to renewable energy sources is forecasted to fuel the adoption of hydrogen as a green energy carrier, subsequently, an increase in the demand for sensors is also encountered.
| Report Attributes | Details |
|---|---|
| Hydrogen Sensor Sales in East Asia (2024E) | US$ 62.6 Million |
| Projected Sales (2034F) | US$ 121 Million |
| Demand Growth (2024 to 2034) | 6.8% CAGR |
| Sales in South Korea (2024E) | US$ 4.2 Million |
| Demand Growth in Japan (2024 to 2034) | 6.4% CAGR |
| Demand Growth in China (2024 to 2034) | 7.2% CAGR |
| Market Share of Portable Hydrogen Sensors (2024E) | >73% |
| Key Companies Profiled | Figaro Engineering Inc.; RIKEN KEIKI Co., Ltd.; FIS; NanoAndMore Asia; City Technology |
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Why are We Seeing Increased Demand for Hydrogen Sensors in East Asia?
“Development of Hydrogen Infrastructure Necessitating Production of Robust Hydrogen Sensors”
Several methods, including biomass gasification, steam methane reforming, electrolysis, etc. are used in the production of hydrogen in East Asia. These production methods need effective control and monitoring of the procedure to ensure safety and efficiency.
Hydrogen sensors are utilized to measure parameters, such as gas concentrations, pressure, flow rates, and temperature at multiple stages of production. These sensors assist in the maintenance of optimal operation conditions, detection of abnormalities, and ensuring a safe production facility.
Hydrogen is stored before its application. Solid-state storage, liquid hydrogen storage, and compressed gas storage are some storage methods, which are used commonly. Monitoring systems are pivotal in these storage facilities for the detection of potential failures, which can otherwise compromise the integrity of storage tanks or vessels.
A robust monitoring and control system is pivotal for the development of hydrogen infrastructure. Sensors are integral in hydrogen infrastructure systems for continuous monitoring of critical parameters, ensuring the efficiency and safety of the entire infrastructure network, and detecting irregularities. The role of hydrogen sensors is vital in minimizing risks, enabling the widespread adoption of hydrogen as a cleaner energy source, and preventing accidents.
Country-wise Insights
Will Hydrogen Sensor Manufacturers Thrive in China?
“Rising Investments in Hydrogen Fuel Cell Vehicles”
| Attribute | China |
|---|---|
| Market Value (2024E) | US$ 35.1 Million |
| Growth Rate (2024 to 2034) | 7.2% CAGR |
| Projected Value (2034F) | US$ 70.4 Million |
China is investing more in hydrogen FCVs (fuel cell vehicles) to combat air pollution and minimize reliance on fossil fuels. Hydrogen sensors play a significant role in ensuring the safe storage and handling of hydrogen, particularly in vehicles. The effectiveness of hydrogen sensors helps in ensuring proper fueling protocols and detecting leaks.
Why are Suppliers of Hydrogen Sensors Eyeing Japan?
“Rising Focus on Promoting Hydrogen Society”
| Attribute | Japan |
|---|---|
| Market Value (2024E) | US$ 23.4 Million |
| Growth Rate (2024 to 2034) | 6.4% CAGR |
| Projected Value (2034F) | US$ 43.5 Million |
Japan is emphasizing the promotion of ‘hydrogen society’, as an effective means to reduce greenhouse gas emissions and a transition to renewable energy sources. The government in Japan has set the target to increase hydrogen fuel cell adoption in several sectors, such as residential, industrial, and transportation applications. Therefore, an increase in the demand for hydrogen sensors is experienced to ensure safety in the storage, production, and use of hydrogen.
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Category-wise Insights
Which Technology is Popularly Used in Hydrogen Sensors?
“Accuracy and Faster Response Time of Electrochemical Technology-based Hydrogen Sensors”
| Attribute | Electrochemical Technology |
|---|---|
| Segment Value (2024E) | US$ 50.4 Million |
| Growth Rate (2024 to 2034) | 7.1% CAGR |
| Projected Value (2034F) | US$ 100 Million |
Fact.MR, a market research and competitive intelligence provider, through its recently published study, reveals that demand for electrochemical-based sensors is increasing owing to their higher sensitivity and accuracy in detecting issues in hydrogen systems. They provide accurate measurements of hydrogen concentrations at low levels, which is vital for safety in several applications, including industrial settings, laboratories, and transportation.
Hydrogen sensors with electrochemical technology ensure faster response time, offering real-time data. This quick response is pivotal for the early detection of changes or leaks in hydrogen concentrations, thus ensuring timely interventions against potential hazards.
What is Contributing to Rising Popularity of Hydrogen Sensors in Transportation?
“Optimization of Fuel Efficiency and Safety Assurance with Application of Hydrogen Sensors”
| Attribute | Transportation Sector |
|---|---|
| Segment Value (2024E) | US$ 41.1 Million |
| Growth Rate (2024 to 2034) | 6.9% CAGR |
| Projected Value (2034F) | US$ 80.1 Million |
Hydrogen sensors assist in monitoring and controlling the quantity of hydrogen, which is supplied to the respective fuel cell. These sensors work effectively for the optimization of fuel efficiency and ensure a suitable amount of hydrogen to be used in power generation. Thus, these sensors contribute significantly to improving the efficiency and performance of vehicles.
Hydrogen is highly flammable, therefore ensuring its safe storage, handling, and use is crucial. Hydrogen sensors are used as efficient safety devices for the detection of leaks and fluctuations in the level of hydrogen, thus preventing hazardous situations in transportation.
Competition Landscape
Key suppliers of hydrogen sensors are spending on quality control, new product development, ensuring the management of their supply chain, etc. Prominent players operating in the market in East Asia are Figaro Engineering Inc., RIKEN KEIKI Co., Ltd., FIS, NanoAndMore Asia, and City Technology.
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Segmentation of Hydrogen Sensor Study in East Asia
-
By Technology:
- Electrochemical
- Metal-oxide Semiconductors
- Thermal Conductivity
- Catalytic
-
By Maximum Measurement Range:
- <2,000 ppm
- <5,000 ppm
- <10,000 ppm
- <20,000 ppm
- Above 20,000 ppm
-
By Utility:
- Fixed
- Portable
-
By End Use:
- Industrial
- Transportation
- Residential & Commercial
-
By Country:
- China
- Japan
- South Korea
Table of Content
- 1. Industry - Executive Summary
- 2. Industry Overview
- 3. Industry Risks and Trends Assessment
- 4. Industry Background and Data Points
- 5. Industry Analysis 2018 to 2023 and Forecast, 2024 to 2034
- 6. Industry Analysis 2018 to 2023 and Forecast 2024 to 2034, By Technology
- 6.1. Electro-chemicals
- 6.2. Metal-oxide Semiconductors
- 6.3. Thermal Conductivity
- 6.4. Catalytic
- 7. Industry Analysis 2018 to 2023 and Forecast 2024 to 2034, By Maximum Measurement Range
- 7.1. <2,000 ppm
- 7.2. <5,000 ppm
- 7.3. <10,000 ppm
- 7.4. <20,000 ppm
- 7.5. Above 20,000 ppm
- 8. Industry Analysis 2018 to 2023 and Forecast 2024 to 2034, By Utility
- 8.1. Fixed
- 8.2. Portable
- 9. Industry Analysis 2018 to 2023 and Forecast 2024 to 2034, By End Use
- 9.1. Industrial
- 9.2. Transportation
- 9.3. Residential & Commercial
- 10. Industry Analysis 2018 to 2023 and Forecast 2024 to 2034, By Country
- 10.1. China
- 10.2. Japan
- 10.3. South Korea
- 11. China Industry Analysis 2018 to 2023 and Forecast 2024 to 2034
- 12. Japan Industry Analysis 2018 to 2023 and Forecast 2024 to 2034
- 13. South Korea Industry Analysis 2018 to 2023 and Forecast 2024 to 2034
- 14. Industry Structure Analysis
- 15. Competition Analysis
- 15.1. Figaro Engineering Inc.
- 15.2. RIKEN KEIKI Co., Ltd.
- 15.3. FIS
- 15.4. NanoAndMore Asia
- 15.5. City Technology
- 16. Assumptions and Acronyms Used
- 17. Research Methodology
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List Of Table
Table 1: Industry Value (US$ Mn) Analysis, by Technology, 2018 to 2023
Table 2: Industry Value (US$ Mn) Analysis, by Technology, 2024 to 2034
Table 3: Industry Value (US$ Mn) Opportunity Analysis, by Technology, 2024 to 2034
Table 4: Industry Value (US$ Mn) Analysis, by Maximum Measurement Range, 2018 to 2023
Table 5: Industry Value (US$ Mn) Analysis, by Maximum Measurement Range, 2024 to 2034
Table 6: Industry Value (US$ Mn) Opportunity Analysis, by Maximum Measurement Range, 2024 to 2034
Table 7: Industry Value (US$ Mn) Analysis, by Utility, 2018 to 2023
Table 8: Industry Value (US$ Mn) Analysis, by Utility, 2024 to 2034
Table 9: Industry Value (US$ Mn) Opportunity Analysis, by Utility, 2024 to 2034
Table 10: Industry Value (US$ Mn) Analysis, by End Use, 2018 to 2023
Table 11: Industry Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 12: Industry Value (US$ Mn) Opportunity End Use, by Utility, 2024 to 2034
Table 13: Industry Value (US$ Mn) Analysis, by Country, 2018 to 2023
Table 14: Industry Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 15: Industry Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 16: China Industry Value (US$ Mn) Analysis, by Technology, 2018 to 2023
Table 17: China Industry Value (US$ Mn) Analysis, by Technology, 2024 to 2034
Table 18: China Industry Value (US$ Mn) Opportunity Analysis, by Technology, 2024 to 2034
Table 19: China Industry Value (US$ Mn) Analysis, by Maximum Measurement Range, 2018 to 2023
Table 20: China Industry Value (US$ Mn) Analysis, by Maximum Measurement Range, 2024 to 2034
Table 21: China Industry Value (US$ Mn) Opportunity Analysis, by Maximum Measurement Range, 2024 to 2034
Table 22: China Industry Value (US$ Mn) Analysis, by Utility, 2018 to 2023
Table 23: China Industry Value (US$ Mn) Analysis, by Utility, 2024 to 2034
Table 24: China Industry Value (US$ Mn) Opportunity Analysis, by Utility, 2024 to 2034
Table 25: China Industry Value (US$ Mn) Analysis, by End Use, 2018 to 2023
Table 26: China Industry Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 27: China Industry Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 28: Japan Industry Value (US$ Mn) Analysis, by Technology, 2018 to 2023
Table 29: Japan Industry Value (US$ Mn) Analysis, by Technology, 2024 to 2034
Table 30: Japan Industry Value (US$ Mn) Opportunity Analysis, by Technology, 2024 to 2034
Table 31: Japan Industry Value (US$ Mn) Analysis, by Maximum Measurement Range, 2018 to 2023
Table 32: Japan Industry Value (US$ Mn) Analysis, by Maximum Measurement Range, 2024 to 2034
Table 33: Japan Industry Value (US$ Mn) Opportunity Analysis, by Maximum Measurement Range, 2024 to 2034
Table 34: Japan Industry Value (US$ Mn) Analysis, by Utility, 2018 to 2023
Table 35: Japan Industry Value (US$ Mn) Analysis, by Utility, 2024 to 2034
Table 36: Japan Industry Value (US$ Mn) Opportunity Analysis, by Utility, 2024 to 2034
Table 37: Japan Industry Value (US$ Mn) Analysis, by End Use, 2018 to 2023
Table 38: Japan Industry Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 39: Japan Industry Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 40: South Korea Industry Value (US$ Mn) Analysis, by Technology, 2018 to 2023
Table 41: South Korea Industry Value (US$ Mn) Analysis, by Technology, 2024 to 2034
Table 42: South Korea Industry Value (US$ Mn) Opportunity Analysis, by Technology, 2024 to 2034
Table 43: South Korea Industry Value (US$ Mn) Analysis, by Maximum Measurement Range, 2018 to 2023
Table 44: South Korea Industry Value (US$ Mn) Analysis, by Maximum Measurement Range, 2024 to 2034
Table 45: South Korea Industry Value (US$ Mn) Opportunity Analysis, by Maximum Measurement Range, 2024 to 2034
Table 46: South Korea Industry Value (US$ Mn) Analysis, by Utility, 2018 to 2023
Table 47: South Korea Industry Value (US$ Mn) Analysis, by Utility, 2024 to 2034
Table 48: South Korea Industry Value (US$ Mn) Opportunity Analysis, by Utility, 2024 to 2034
Table 49: South Korea Industry Value (US$ Mn) Analysis, by End Use, 2018 to 2023
Table 50: South Korea Industry Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 51: South Korea Industry Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
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List Of Figures
Figure 1: Industry Value (US$ Mn) Historical Analysis, 2018 to 2023
Figure 2: Industry Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 3: Industry Value Y-o-Y Growth and Forecast, 2018 to 2034
Figure 4: Industry Incremental $ Opportunity, 2024 to 2034
Figure 5: Industry Share and BPS Analysis by Technology, 2024 to 2034
Figure 6: Industry Y-o-Y Growth Projections by Technology, 2024 to 2034
Figure 7: Industry Attractiveness Analysis by Technology, 2024 to 2034
Figure 8: Industry Share and BPS Analysis by Maximum Measurement Range, 2024 to 2034
Figure 9: Industry Y-o-Y Growth Projections by Maximum Measurement Range, 2024 to 2034
Figure 10: Industry Attractiveness Analysis by Maximum Measurement Range, 2024 to 2034
Figure 11: Industry Share and BPS Analysis by Utility, 2024 to 2034
Figure 12: Industry Y-o-Y Growth Projections by Utility, 2024 to 2034
Figure 13: Industry Attractiveness Analysis by Utility, 2024 to 2034
Figure 14: Industry Share and BPS Analysis by End Use, 2024 to 2034
Figure 15: Industry Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 16: Industry Attractiveness Analysis by End Use, 2024 to 2034
Figure 17: Industry Share and BPS Analysis by Country, 2024 to 2034
Figure 18: Industry Y-o-Y Growth Projections by Country, 2024 to 2034
Figure 19: Industry Attractiveness Analysis by Country, 2024 to 2034
Figure 20: China Industry Value (US$ Mn) Historical Analysis, 2018 to 2023
Figure 21: China Industry Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 22: China Industry Value Y-o-Y Growth and Forecast, 2034
Figure 23: China Industry Incremental $ Opportunity, 2024 to 2034
Figure 24: China Industry Share and BPS Analysis by Technology, 2024 to 2034
Figure 25: China Industry Y-o-Y Growth Projections by Technology, 2024 to 2034
Figure 26: China Industry Attractiveness Analysis by Technology, 2024 to 2034
Figure 27: China Industry Share and BPS Analysis by Maximum Measurement Range, 2024 to 2034
Figure 28: China Industry Y-o-Y Growth Projections by Maximum Measurement Range, 2024 to 2034
Figure 29: China Industry Attractiveness Analysis by Maximum Measurement Range, 2024 to 2034
Figure 30: China Industry Share and BPS Analysis by Utility, 2024 to 2034
Figure 31: China Industry Y-o-Y Growth Projections by Utility, 2024 to 2034
Figure 32: China Industry Attractiveness Analysis by Utility, 2024 to 2034
Figure 33: China Industry Share and BPS Analysis by End Use, 2024 to 2034
Figure 34: China Industry Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 35: China Industry Attractiveness Analysis by End Use, 2024 to 2034
Figure 36: Japan Industry Value (US$ Mn) Historical Analysis, 2018 to 2023
Figure 37: Japan Industry Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 38: Japan Industry Value Y-o-Y Growth and Forecast, 2018 to 2034
Figure 39: Japan Industry Incremental $ Opportunity, 2024 to 2034
Figure 40: Japan Industry Share and BPS Analysis by Technology, 2024 to 2034
Figure 41: Japan Industry Y-o-Y Growth Projections by Technology, 2024 to 2034
Figure 42: Japan Industry Attractiveness Analysis by Technology, 2024 to 2034
Figure 43: Japan Industry Share and BPS Analysis by Maximum Measurement Range, 2024 to 2034
Figure 44: Japan Industry Y-o-Y Growth Projections by Maximum Measurement Range, 2024 to 2034
Figure 45: Japan Industry Attractiveness Analysis by Maximum Measurement Range, 2024 to 2034
Figure 46: Japan Industry Share and BPS Analysis by Utility, 2024 to 2034
Figure 47: Japan Industry Y-o-Y Growth Projections by Utility, 2024 to 2034
Figure 48: Japan Industry Attractiveness Analysis by Utility, 2024 to 2034
Figure 49: Japan Industry Share and BPS Analysis by End Use, 2024 to 2034
Figure 50: Japan Industry Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 51: Japan Industry Attractiveness Analysis by End Use, 2024 to 2034
Figure 52: South Korea Industry Value (US$ Mn) Historical Analysis, 2018 to 2023
Figure 53: South Korea Industry Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 54: South Korea Industry Value Y-o-Y Growth and Forecast, 2018 to 2034
Figure 55: South Korea Industry Share and BPS Analysis by Technology, 2024 to 2034
Figure 56: South Korea Industry Y-o-Y Growth Projections by Technology, 2024 to 2034
Figure 57: South Korea Industry Attractiveness Analysis by Technology, 2024 to 2034
Figure 58: South Korea Industry Share and BPS Analysis by Maximum Measurement Range, 2024 to 2034
Figure 59: South Korea Industry Y-o-Y Growth Projections by Maximum Measurement Range, 2024 to 2034
Figure 60: South Korea Industry Attractiveness Analysis by Maximum Measurement Range, 2024 to 2034
Figure 61: South Korea Industry Share and BPS Analysis by Utility, 2024 to 2034
Figure 62: South Korea Industry Y-o-Y Growth Projections by Utility, 2024 to 2034
Figure 63: South Korea Industry Attractiveness Analysis by Utility, 2024 to 2034
Figure 64: South Korea Industry Share and BPS Analysis by End Use, 2024 to 2034
Figure 65: South Korea Industry Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 66: South Korea Industry Attractiveness Analysis by End Use, 2024 to 2034
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What are the sales projections for hydrogen sensors in East Asia for 2024?
Demand for hydrogen sensors in East Asia is estimated at a market value of US$ 62.6 million in 2024.
What is the demand projection for hydrogen sensors for 2034?
Sales of hydrogen sensors in East Asia are predicted to reach US$ 121 million by 2034.
What is the forecasted growth rate for the East Asia market?
The East Asia market is forecasted to expand at a CAGR of 6.8% from 2024 to 2034.
What is the market share of portable hydrogen sensors?
Portable hydrogen sensors are projected to contribute more than 73% share of the market in 2024.
What is the forecasted valuation of the market in China for 2034?
The market in China is forecasted to reach US$ 70.4 million by the end of 2034.
At what rate are the sales of hydrogen sensors predicted to rise in South Korea?
Sales of hydrogen sensors in South Korea are projected to increase at 5.6% CAGR from 2024 to 2034.
What are the demand projections for hydrogen sensors in Japan?
The market in Japan is pegged at a value of U$ 23.4 million in 2024.
Hydrogen Sensor Industry Analysis in East Asia