US Oxygen Sensor Market Size is Expected to Grow to $650.59 Million by 2028

US Oxygen Sensor Market Overview

According to Global Market Monitor, the US oxygen sensor market size will reach $526.29 million in 2023 and is expected to grow to $650.59 million by 2028.

An oxygen sensor is an electronic device that measures the proportion of oxygen in the gas or liquid being analyzed. The most common application is to measure the exhaust-gas concentration of oxygen for internal combustion engines, automobiles, and other vehicles to calculate and, if required, dynamically adjust the air-fuel ratio so that catalytic converters can work optimally. Oxygen sensor is not only used in automobile engines, it is also widely used in the gas composition control of various types of coal combustion, oil combustion, gas combustion, and other furnaces, and is currently the best combustion gas composition measurement method, with simple structure, rapid response, easy maintenance, easy to use, accurate measurement and other advantages. The use of the sensor for combustion gas composition measurement and control can not only stabilize and improve product quality but also shorten the production cycle and save energy.

Oxygen Sensors are Widely Used in the Automotive Industry.

Oxygen sensor is a standard equipment in automobiles. It uses ceramic-sensitive components to measure the oxygen potential in the exhaust pipe and calculates the corresponding oxygen concentration from the chemical balance principle to monitor and control the combustion air-fuel ratio to ensure product quality and exhaust emission standards. Since the air-fuel ratio of the mixture deviates from the theoretical air-fuel ratio, the ability of the catalyst to clean decreases drastically, an oxygen sensor is installed in the exhaust pipe to detect the concentration of oxygen in the exhaust and sends a feedback signal, which controls the increase or decrease of the fuel injection volume to keep the air-fuel ratio near the theoretical value.

GK SPARK PLUG Co., LTD., DENSO, Bosch, Fujikura Ltd., and Knick Int. are the five key players in the oxygen sensors market. These companies have shown consistent growth in revenue, larger volumes of sales, and a prominent presence in terms of share in the oxygen sensors market.

NGK Outlook
Company Name	NGK
Website	https://ngksparkplugs.com
Established Time	1936
Plants Location	Mainly in Asia Pacific
Sales Region	Worldwide
Business Overview	NGK manufactures and markets spark plugs for automobiles, motorcycles, agricultural machinery, ships, and aircraft. The Company also makes ceramic products for semiconductor and telecommunication equipment. NGK Spark Plug markets its products under the NGK and NTK brand names and has subsidiaries in the US, Canada, France, Germany, and South Korea.