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Gas Detection Equipment Market Report Scope & Overview:

The Gas Detection Equipment Market size was valued at USD 5.19 Bn in 2023 and is expected to reach USD 11.8 Bn by 2031 and grow at a CAGR of 10.85% over the forecast period 2024-2031.

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.

Gas Detection Equipment Market Revenue Analysis

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MARKET DYNAMICS

KEY DRIVERS

  • 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.

RESTRAINTS

  • 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.

  • Ongoing maintenance.

OPPORTUNITY

  • The gadget can warn individuals ahead of time and provide real-time notifications.

  • New companies enter the market and offer inexpensive equipment.

CHALLENGES

  • 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.

MARKET ESTIMATION

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.

KEY MARKET SEGMENTATION

On The Basis of Product

  • Fixed Gas Detector

  • Portable Gas Detector

On The Basis of Technology

  • Infrared (IR)

  • Laser-based Detection

  • Photoionization Detector (PID)

  • Semiconductor

  • Catalytic

  • Others

On The Basis of End-User

  • Industrial

  • Building Automation & Domestic Appliances

  • Petrochemical

  • Medical

  • Environmental

  • Automotive

  • Others

Gas Detection Equipment Market Segmentation Analysis

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REGIONAL ANALYSIS:

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.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The 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

KEY PLAYERS:

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. and Other Players

Siemens-Company Financial Analysis

Gas Detection Equipment Market Report Scope:

Report Attributes Details
Market Size in 2023  US$ 5.19  Billion
Market Size by 2031  US$ 11.8 Billion
CAGR  CAGR 10.85 % From 2024 to 2031
Base Year  2022
Forecast Period  2024-2031
Historical Data  2020-2021
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.
•Ongoing maintenance.

Frequently Asked Questions

Ans: - The Gas Detection Equipment market size valued at USD 5.19 Bn in 2023.

Ans: The Gas Detection Equipment Market is to grow at a CAGR of 10.85 % From 2024 to 2031.

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. Introduction

1.1 Market Definition 

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges 

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia War

4.3 Impact of Ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies

4.3.2.1 US

4.3.2.2 Canada

4.3.2.3 Germany

4.3.2.4 France

4.3.2.5 United Kingdom

4.3.2.6 China

4.3.2.7 Japan

4.3.2.8 South Korea

4.3.2.9 Rest of the World

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)

9.4 Semiconductor

9.5 Catalytic

9.6 Others

10. Gas Detection Equipment Market Segmentation, By End-user

10.1 Industrial

10.2 Building Automation & Domestic Appliances

10.3 Petrochemical

10.4 Medical

10.5 Environmental

10.6 Automotive

10.7 Others

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 Germany

11.3.2 UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4 Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1 Israel

11.5.2 UAE

11.5.3 South Africa

11.5.4 Rest

11.6 Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of Latin America

12. Company Profiles

12.1 ABB

12.1.1 Financial

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.

12.7 Lynred

12.8 Opgal

12.9 Siemens

12.10 Thermo Fisher Scientific, Inc.

13. Competitive Landscape

13.1 Competitive Benchmarking

13.2 Market Share Analysis

13.3 Recent Developments

14. Conclusion

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Secondary Research

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Primary Research

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Data Bank Validation

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