Report Id: SNS/EQIP/1184 | May 2022 | Region: Global | 125 Pages
Report Scope & Overview:
Gas Detection Equipment Market size was valued at USD 4.15 Bn in 2021 and is expected to reach USD 8.49 Bn by 2028, and grow at a CAGR of 9.36% over the forecast period 2022-2028.
Leaks of combustible and poisonous gases can endanger people and property. It is critical to identify poisonous and flammable gases in industrial operations as soon as possible. Gas detectors assess the concentration of various life-threatening gases in the air and serve as an early warning system to ensure the safety of the surrounding region. It can also be linked to a control system to shut down the operation automatically in the case of a gas leak. Single or mixed gas concentrations can be monitored and measured with such gas detectors. A wireless (portable) or stationary gas detector is available. Humans routinely use portable or handheld gas detectors, which alert them when a gas concentration exceeds the limit. Ultrasonic waves, infrared rays, and electrochemical gases are among the sensors used. Industrial plants, refineries, autos, and home activities all use them.
The government's strict safety regulations.
Several industries have ongoing gas leaks.
Improving the gas detection system's efficiency and functionality.
Owners and workers are becoming more mindful.
Gas detection equipment is expensive.
Traditional and artificial detection methods are now accessible at substantially reduced costs.
The operating procedures and costs are equally substantial.
The gadget can warn individuals ahead of time and provide real-time notifications.
New companies enter the market and offer inexpensive equipment.
One of the market's difficulties is cost reduction.
Hiring experts to install equipment in a variety of industries
IMPACT OF COVID-19:
Many businesses have been impacted by the pandemic and are currently experiencing losses. It's difficult to get back on track after a setback. As the industrial and raw material industries suffered significant setbacks, the Gas Detection Equipment Market benefited. It came to a halt due to the shutdown order. Because people were sitting at home, the detector was not necessary, and the market suffered as a result of the epidemic.
By product, the market is divided into two types of gas detectors: fixed gas detectors and portable gas detectors. With the greatest revenue share in 2021, the fixed gas detectors market segment emerged as the market leader. These mechanisms are in place to ensure the safety of employees and the protection of the environment. Fixed gas detectors are used in safe zones to track several or single dangerous chemicals. The rising uses of these sensors in the pharmaceuticals, food and beverage, and oil and gas industries are driving up demand for these detectors. The market is divided into Infrared (IR), Laser-based Detection, Photoionization Detector (PID), Semiconductor, Catalytic, and Others depending on technology. In 2021, the market category for infrared gas detection technology had the greatest revenue share by technology. Infrared gas detectors are capable of operating in both low and high oxygen environments. With infrared gas detection technology, these devices are used to detect hydrocarbon gas. To choose the right wavelength, they use an optical filter and an infrared light source. These detectors can be used to manage air contaminants in air cleaners and purifiers.
Industrial, Building Automation & Domestic Appliances, Petrochemical, Medical, Environmental, Automotive, and Others are the end user segments of the market. During the projected period, the petrochemical market sector is predicted to develop at the quickest rate. The increased use of gas detection equipment for tracking dangerous gases in processing facilities, pipelines, oil refineries, and LPG/LNG plants is related to the segment's rise. Because gas leakage can have catastrophic effects in the petrochemical sector, these businesses have a strong need for gas detection equipment. Simultaneously, increased shale gas development is another factor driving up demand for this sort of equipment in the natural gas and petroleum industries.
On The Basis of Product
Fixed Gas Detector
Portable Gas Detector
On The Basis of Technology
Photoionization Detector (PID)
On The Basis of End-User
Building Automation & Domestic Appliances
The market for Gas Detection Equipment is investigated in North America, Europe, Asia Pacific, and other regions. The Asia Pacific region dominates the market growth due to the rising number of greenfield projects in the area. China, the Philippines, and India have adapted their economies to use more gases in order to lessen their need for imports. Because of government regulations enforcing safety measures, North America will also contribute to the Gas Detection Equipment Market Share. The Asia Pacific area will develop at a stable rate throughout the projected period, thanks to increased investment in power and plant sectors, as well as oil and gas.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
In nature, the competitive landscape is largely fragmented. To improve their market positions, market players are focusing on collaborations, product innovation, global growth, and research and development. Furthermore, market competitors are concentrating on upgrading their product offerings to match evolving user requirements. The key market players are ABB, Airtest Technologies, Inc., FLIR Systems, Inc., Fluke Corporation, General Electric Company, Honeywell International Inc., Lynred, Opgal, Siemens, Thermo Fisher Scientific, Inc.
|Market Size in 2021||US$ 4.15 Billion|
|Market Size by 2028||US$ 8.49 Billion|
|CAGR||CAGR 9.36% From 2022 to 2028|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• by Product (Fixed Gas Detector and Portable Gas Detector)
• by Technology (Infrared (IR), Laser-based Detection, Photoionization Detector (PID), Semiconductor, Catalytic, Others)
• by End-User (Industrial, Building Automation & Domestic Appliances, Petrochemical, Medical, Environmental, Automotive, Others)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||ABB, Airtest Technologies, Inc., FLIR Systems, Inc., Fluke Corporation, General Electric Company, Honeywell International Inc., Lynred, Opgal, Siemens, Thermo Fisher Scientific, Inc.|
|Key Drivers||•The government's strict safety regulations.
Several industries have ongoing gas leaks.
|Restraints||•The operating procedures and costs are equally substantial.
Frequently Asked Questions (FAQ) :
Ans: - The Gas Detection Equipment market size was esteemed at USD 4.15 Billion out of 2021
Ans: - One of the market's difficulties is cost reduction and hiring experts to install equipment in a variety of industries.
Ans: - The Asia Pacific area held the biggest market share.
Ans. The primary growth tactics of Gas Detection Equipment market participants include merger and acquisition, business expansion, and product launch.
Ans: - Key Stakeholders Considered in the study are Raw material vendors, Regulatory authorities, including government agencies and NGOs, Commercial research, and development (R&D) institutions, Importers and exporters, etc.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID 19 Impact Analysis
4.2 Impact of the Ukraine- Russia war
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Gas Detection Equipment Market Segmentation, by Product
8.1 Fixed Gas Detector
8.2 Portable Gas Detector
9. Gas Detection Equipment Market Segmentation, by Technology
9.1 Infrared (IR)
9.2 Laser-based Detection
9.3 Photoionization Detector (PID)
10. Gas Detection Equipment Market Segmentation, by End-user
10.2 Building Automation & Domestic Appliances
11. Regional Analysis
11.2 North America
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company Profiles
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Airtest Technologies, Inc.
12.3 FLIR Systems, Inc.
12.4 Fluke Corporation
12.5 General Electric Company
12.6 Honeywell International Inc.
12.10 Thermo Fisher Scientific, Inc.
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share analysis
13.3 Recent Developments
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.