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 |
|
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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
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By Utility:
- Fixed
- Portable
-
By End Use:
- Industrial
- Transportation
- Residential & Commercial
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By Country:
- China
- Japan
- South Korea
- 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