diff --git a/CODEOWNERS b/CODEOWNERS
index cdcf1ae2d0..c9b59c099a 100644
--- a/CODEOWNERS
+++ b/CODEOWNERS
@@ -145,6 +145,7 @@ esphome/components/mcp9808/* @k7hpn
 esphome/components/md5/* @esphome/core
 esphome/components/mdns/* @esphome/core
 esphome/components/media_player/* @jesserockz
+esphome/components/mics_4514/* @jesserockz
 esphome/components/midea/* @dudanov
 esphome/components/midea_ir/* @dudanov
 esphome/components/mitsubishi/* @RubyBailey
diff --git a/esphome/components/mics_4514/__init__.py b/esphome/components/mics_4514/__init__.py
new file mode 100644
index 0000000000..e69de29bb2
diff --git a/esphome/components/mics_4514/mics_4514.cpp b/esphome/components/mics_4514/mics_4514.cpp
new file mode 100644
index 0000000000..8dc1a9f639
--- /dev/null
+++ b/esphome/components/mics_4514/mics_4514.cpp
@@ -0,0 +1,145 @@
+#include "mics_4514.h"
+
+#include "esphome/core/helpers.h"
+#include "esphome/core/log.h"
+
+namespace esphome {
+namespace mics_4514 {
+
+static const char *const TAG = "mics_4514";
+
+static const uint8_t SENSOR_REGISTER = 0x04;
+static const uint8_t POWER_MODE_REGISTER = 0x0a;
+
+void MICS4514Component::setup() {
+  ESP_LOGCONFIG(TAG, "Setting up MICS 4514...");
+  uint8_t power_mode;
+  this->read_register(POWER_MODE_REGISTER, &power_mode, 1);
+  if (power_mode == 0x00) {
+    ESP_LOGCONFIG(TAG, "Waking up MICS 4514");
+    power_mode = 0x01;
+    this->write_register(POWER_MODE_REGISTER, &power_mode, 1);
+    delay(100);  // NOLINT
+    this->set_timeout("warmup", 3 * 60 * 1000, [this]() {
+      this->warmed_up_ = true;
+      ESP_LOGCONFIG(TAG, "MICS 4514 setup complete.");
+    });
+    this->status_set_warning();
+    return;
+  }
+  ESP_LOGCONFIG(TAG, "Device already awake.");
+  this->warmed_up_ = true;
+  ESP_LOGCONFIG(TAG, "MICS 4514 setup complete.");
+}
+void MICS4514Component::dump_config() {
+  ESP_LOGCONFIG(TAG, "MICS 4514:");
+  LOG_I2C_DEVICE(this);
+  LOG_UPDATE_INTERVAL(this);
+  LOG_SENSOR("  ", "Nitrogen Dioxide", this->nitrogen_dioxide_sensor_);
+  LOG_SENSOR("  ", "Carbon Monoxide", this->carbon_monoxide_sensor_);
+  LOG_SENSOR("  ", "Methane", this->methane_sensor_);
+  LOG_SENSOR("  ", "Ethanol", this->ethanol_sensor_);
+  LOG_SENSOR("  ", "Hydrogen", this->hydrogen_sensor_);
+  LOG_SENSOR("  ", "Ammonia", this->ammonia_sensor_);
+}
+float MICS4514Component::get_setup_priority() const { return setup_priority::DATA; }
+void MICS4514Component::update() {
+  if (!this->warmed_up_) {
+    return;
+  }
+  uint8_t data[6];
+  if (this->read_register(SENSOR_REGISTER, data, 6) != i2c::ERROR_OK) {
+    this->status_set_warning();
+    return;
+  }
+  this->status_clear_warning();
+  ESP_LOGV(TAG, "Got data: %02X %02X %02X %02X %02X %02X", data[0], data[1], data[2], data[3], data[4], data[5]);
+  uint16_t ox = encode_uint16(data[0], data[1]);
+  uint16_t red = encode_uint16(data[2], data[3]);
+  uint16_t power = encode_uint16(data[4], data[5]);
+
+  if (this->initial_) {
+    this->initial_ = false;
+    this->ox_calibration_ = (float) (power - ox);
+    this->red_calibration_ = (float) (power - red);
+    return;
+  }
+
+  float red_f = (float) (power - red) / this->red_calibration_;
+  float ox_f = (float) (power - ox) / this->ox_calibration_;
+
+  if (this->carbon_monoxide_sensor_ != nullptr) {
+    float co = 0.0f;
+    if (red_f <= 0.425f) {
+      co = (0.425f - red_f) / 0.000405f;
+      if (co < 1.0f)
+        co = 0.0f;
+      if (co > 1000.0f)
+        co = 1000.0f;
+    }
+    this->carbon_monoxide_sensor_->publish_state(co);
+  }
+
+  if (this->nitrogen_dioxide_sensor_ != nullptr) {
+    float nitrogendioxide = 0.0f;
+    if (ox_f >= 1.1f) {
+      nitrogendioxide = (ox_f - 0.045f) / 6.13f;
+      if (nitrogendioxide < 0.1f)
+        nitrogendioxide = 0.0f;
+      if (nitrogendioxide > 10.0f)
+        nitrogendioxide = 10.0f;
+    }
+    this->nitrogen_dioxide_sensor_->publish_state(nitrogendioxide);
+  }
+
+  if (this->methane_sensor_ != nullptr) {
+    float methane = 0.0f;
+    if (red_f <= 0.786f) {
+      methane = (0.786f - red_f) / 0.000023f;
+      if (methane < 1000.0f)
+        methane = 0.0f;
+      if (methane > 25000.0f)
+        methane = 25000.0f;
+    }
+    this->methane_sensor_->publish_state(methane);
+  }
+
+  if (this->ethanol_sensor_ != nullptr) {
+    float ethanol = 0.0f;
+    if (red_f <= 0.306f) {
+      ethanol = (0.306f - red_f) / 0.00057f;
+      if (ethanol < 10.0f)
+        ethanol = 0.0f;
+      if (ethanol > 500.0f)
+        ethanol = 500.0f;
+    }
+    this->ethanol_sensor_->publish_state(ethanol);
+  }
+
+  if (this->hydrogen_sensor_ != nullptr) {
+    float hydrogen = 0.0f;
+    if (red_f <= 0.279f) {
+      hydrogen = (0.279f - red_f) / 0.00026f;
+      if (hydrogen < 1.0f)
+        hydrogen = 0.0f;
+      if (hydrogen > 1000.0f)
+        hydrogen = 1000.0f;
+    }
+    this->hydrogen_sensor_->publish_state(hydrogen);
+  }
+
+  if (this->ammonia_sensor_ != nullptr) {
+    float ammonia = 0.0f;
+    if (red_f <= 0.8f) {
+      ammonia = (0.8f - red_f) / 0.0015f;
+      if (ammonia < 1.0f)
+        ammonia = 0.0f;
+      if (ammonia > 500.0f)
+        ammonia = 500.0f;
+    }
+    this->ammonia_sensor_->publish_state(ammonia);
+  }
+}
+
+}  // namespace mics_4514
+}  // namespace esphome
diff --git a/esphome/components/mics_4514/mics_4514.h b/esphome/components/mics_4514/mics_4514.h
new file mode 100644
index 0000000000..d2fefc3630
--- /dev/null
+++ b/esphome/components/mics_4514/mics_4514.h
@@ -0,0 +1,34 @@
+#pragma once
+
+#include "esphome/components/i2c/i2c.h"
+#include "esphome/components/sensor/sensor.h"
+#include "esphome/core/component.h"
+#include "esphome/core/hal.h"
+
+namespace esphome {
+namespace mics_4514 {
+
+class MICS4514Component : public PollingComponent, public i2c::I2CDevice {
+  SUB_SENSOR(carbon_monoxide)
+  SUB_SENSOR(nitrogen_dioxide)
+  SUB_SENSOR(methane)
+  SUB_SENSOR(ethanol)
+  SUB_SENSOR(hydrogen)
+  SUB_SENSOR(ammonia)
+
+ public:
+  void setup() override;
+  void dump_config() override;
+  float get_setup_priority() const override;
+  void update() override;
+
+ protected:
+  bool warmed_up_{false};
+  bool initial_{true};
+
+  float ox_calibration_{0};
+  float red_calibration_{0};
+};
+
+}  // namespace mics_4514
+}  // namespace esphome
diff --git a/esphome/components/mics_4514/sensor.py b/esphome/components/mics_4514/sensor.py
new file mode 100644
index 0000000000..80c3524f66
--- /dev/null
+++ b/esphome/components/mics_4514/sensor.py
@@ -0,0 +1,71 @@
+import esphome.codegen as cg
+import esphome.config_validation as cv
+
+from esphome.components import sensor, i2c
+
+from esphome.const import (
+    CONF_ID,
+    STATE_CLASS_MEASUREMENT,
+    UNIT_PARTS_PER_MILLION,
+)
+
+CODEOWNERS = ["@jesserockz"]
+DEPENDENCIES = ["i2c"]
+
+CONF_CARBON_MONOXIDE = "carbon_monoxide"
+CONF_NITROGEN_DIOXIDE = "nitrogen_dioxide"
+CONF_METHANE = "methane"
+CONF_ETHANOL = "ethanol"
+CONF_HYDROGEN = "hydrogen"
+CONF_AMMONIA = "ammonia"
+
+
+mics_4514_ns = cg.esphome_ns.namespace("mics_4514")
+MICS4514Component = mics_4514_ns.class_(
+    "MICS4514Component", cg.PollingComponent, i2c.I2CDevice
+)
+
+SENSORS = [
+    CONF_CARBON_MONOXIDE,
+    CONF_METHANE,
+    CONF_ETHANOL,
+    CONF_HYDROGEN,
+    CONF_AMMONIA,
+]
+
+common_sensor_schema = sensor.sensor_schema(
+    unit_of_measurement=UNIT_PARTS_PER_MILLION,
+    state_class=STATE_CLASS_MEASUREMENT,
+    accuracy_decimals=2,
+)
+
+CONFIG_SCHEMA = (
+    cv.Schema(
+        {
+            cv.GenerateID(): cv.declare_id(MICS4514Component),
+            cv.Optional(CONF_NITROGEN_DIOXIDE): sensor.sensor_schema(
+                unit_of_measurement=UNIT_PARTS_PER_MILLION,
+                state_class=STATE_CLASS_MEASUREMENT,
+                accuracy_decimals=2,
+            ),
+        }
+    )
+    .extend({cv.Optional(sensor_type): common_sensor_schema for sensor_type in SENSORS})
+    .extend(i2c.i2c_device_schema(0x75))
+    .extend(cv.polling_component_schema("60s"))
+)
+
+
+async def to_code(config):
+    var = cg.new_Pvariable(config[CONF_ID])
+    await cg.register_component(var, config)
+    await i2c.register_i2c_device(var, config)
+
+    for sensor_type in SENSORS:
+        if sensor_type in config:
+            sens = await sensor.new_sensor(config[sensor_type])
+            cg.add(getattr(var, f"set_{sensor_type}_sensor")(sens))
+
+    if CONF_NITROGEN_DIOXIDE in config:
+        sens = await sensor.new_sensor(config[CONF_NITROGEN_DIOXIDE])
+        cg.add(var.set_nitrogen_dioxide_sensor(sens))
diff --git a/tests/test2.yaml b/tests/test2.yaml
index 2c94333c03..3e6a186320 100644
--- a/tests/test2.yaml
+++ b/tests/test2.yaml
@@ -381,6 +381,20 @@ sensor:
     temperature_sensor: ha_hello_world_temperature
     ph:
       name: Ufire pH
+  - platform: mics_4514
+    update_interval: 60s
+    nitrogen_dioxide:
+      name: MICS-4514 NO2
+    carbon_monoxide:
+      name: MICS-4514 CO
+    methane:
+      name: MICS-4514 CH4
+    hydrogen:
+      name: MICS-4514 H2
+    ethanol:
+      name: MICS-4514 C2H5OH
+    ammonia:
+      name: MICS-4514 NH3
 
 time:
   - platform: homeassistant