Report Id: SNS/EQIP/1184 | May 2022 | Region: Global | 125 Pages
Report Scope & Overview:
Gas Detection Equipment Market size was valued at USD 4.53 Bn in 2022 and is expected to reach USD 9.28 Bn by 2030, and grow at a CAGR of 9.36% over the forecast period 2023-2030.
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 2022||US$ 4.53 Billion|
|Market Size by 2030||US$ 9.28 Billion|
|CAGR||CAGR 9.36% From 2023 to 2030|
|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 Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
18.104.22.168 United Kingdom
22.214.171.124 South Korea
126.96.36.199 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)
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
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