Gas Detection Equipment Market Size, Growth, Report 2023-28

Gas Detection Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A3901

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Market Overview:

The global gas detection equipment market is expected to exhibit a growth rate (CAGR) of 9.3% during 2023-2028.

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.

Global Gas Detection Equipment Market

Gas Detection Equipment Market Trends:

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.

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global gas detection equipment market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on technology, detection type and end use industry.

Breakup by Technology:

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Wired
Wireless

Breakup by Detection Type:

Fixed
Portable and Transportable

Breakup by End Use Industry:

Oil and Gas
Chemicals and Petrochemicals
Water and Wastewater
Metal and Mining
Utilities
Others

Breakup by Region:

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North America
- United States
- Canada
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Latin America
- Brazil
- Mexico
- Others
Middle East and Africa

Competitive Landscape:

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.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2022
Historical Period	2017-2022
Forecast Period	2023-2028
Units	US$ Billion
Segment Coverage	Technology, Detection Type, End Use Industry, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	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.
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

We expect the global gas detection equipment market to exhibit a CAGR of 9.3% during 2023-2028.

The growing need for ensuring the safety of workers, along with the increasing number of offshore oil production sites, is primarily driving the global gas detection equipment market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous manufacturing units for gas detection equipment.

Based on the technology, the global gas detection equipment market can be segmented into wired and wireless. Currently, wired accounts for the majority of the total market share.

Based on the detection type, the global gas detection equipment market has been divided into fixed and portable and transportable, where fixed currently exhibits a clear dominance in the market.

Based on the end use industry, the global gas detection equipment market can be bifurcated into oil and gas, chemicals and petrochemicals, water and wastewater, metal and mining, utilities, and others. Currently, oil and gas holds the largest market share.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.

Some of the major players in the global gas detection equipment market include 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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