The global gas detection equipment market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 5% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Gas detection equipment automatically senses the presence of gas in the air and responds to the operator for ensuring plant safety. It comprises sensors and various other components to detect dangerous gas concentrations, trigger alarms, and activate countermeasures before it turns into a hazardous situation for employees, assets, and the environment. As a result, it is extensively utilized in the mining and oil and gas industries worldwide, wherein the risk of gas leakage is usually high. Besides this, it is also used for monitoring indoor ventilation in commercial buildings, schools, and colleges.
Stringent regulations imposed by governments of numerous countries to ensure the safety of workers and the environment represent one of the significant factors bolstering the market growth. Moreover, the rising adoption of cloud computing and industrial internet of things (I-IoT) technology in the construction industry is positively influencing the demand for portable gas detection equipment. This, along with advancements in nanotechnology and the growing popularity of e-commerce platforms on account of their convenience, is further stimulating the market growth. Apart from this, the emerging energy need and rapid surge in installations of offshore oil production sites are fueling the adoption of gas detection equipment to conduct day-to-day oil and gas extractions safely. Furthermore, the leading manufacturers are providing additional features, including multi-gas detection. They are also collaborating with insurance companies to gain a competitive advantage and attract a large consumer base. This is anticipated to expand the application of gas detection equipment in a wide range of industries.
IMARC Group provides an analysis of the key trends in each sub-segment of the global gas detection equipment market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, technology, detection type and end use industry.
Breakup by Technology:
Breakup by Detection Type:
Breakup by End Use Industry:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Airtest Technologies Inc, Bacharach Inc, Drägerwerk AG & Co. KGaA, Hanwei Electronics Group Corporation, Honeywell International Inc, Industrial Scientific Corporation (Fortive), MSA Safety Incorporated, Sensidyne LP, Teledyne Technologies Incorporated, Thermo Fisher Scientific Inc. and Trolex Ltd.
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