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The Global Gas Detection Equipment Market size is expected to reach $8 billion by 2026, rising at a market growth of 11.8% CAGR during the forecast period. The equipments that are used to lower down the risk regarding harmful gases in commercial, household, and industrial sectors are known as Gas detection equipment. This equipment is used as a safety measure in case of emergency process shutdown and fire detection, which fall under the integrated monitoring and safety systems. Moreover, using gas detection equipment, one can get more time to react and take actions to stop gas leakage. The equipment finds potential application in different units such as laboratories, refineries, car parks, refrigeration plants, boiler plant rooms, plant constructions, automotive industry, and power plants.
The market is going to witness new growth avenues due to the rising investment for plant safety in manufacturing plants. Gas detection equipments are widely used in chemical industries because they help in testing the density of a gas chamber. Further, the market growth is boosted by the increasing relevance of gaseous components in wastewater treatment. It is highly important to use these equipments in harmful chemicals and gas manufacturing plants in order to prevent loss of life and property. Thus, gas detection equipments are majorly installed in the premises of these manufacturing plants.
The demand of the market is fueling due to the growing awareness of companies towards maintaining work safety for the workers. The key players of the gas detection equipment market are estimated to take advantage of the booming oil and gas sector. The utilization of gas detection equipment will increase with the rising investments of the industrial sector in cutting-edge technologies.
Based on Product, the market is segmented into Fixed Gas Detector and Portable Gas Detector. The fixed gas detectors market segment emerged as the leading segment in 2019 with the highest revenue share. These systems are implemented in order to offer personnel safety and plant protection. Fixed gas detectors are developed to track multi or single hazardous gases in safe zones. The demand for these detectors is high, owing to the growing applications of these sensors in the pharmaceuticals, food, and beverage, and oil and gas industry.
Based on Technology, the market is segmented into Infrared (IR), Laser-based Detection, Photoionization Detector (PID), Semiconductor, Catalytic and Others. By technology, the infrared gas detection technology market segment acquired the highest revenue share of the market in 2019. Infrared gas detectors can function in an environment which has low oxygen level and high oxygen level. These equipments are utilized to detect hydrocarbon gas with infrared gas detection technology. They have an optical filter and source of infrared light utilized to choose the appropriate wavelength. These detectors can be utilized in air cleaners and air purifiers to regulate air pollutants.
Based on End User, the market is segmented into Industrial, Building Automation & Domestic Appliances, Petrochemical, Medical, Environmental, Automotive and Others. The petrochemical market segment would display the fastest growth during the forecast period. The growth of the segment is attributed to the rising usage of gas detection equipments for tracking harmful gases in processing plants, pipelines, oil refineries, and LPG/LNG plants. There can be serious consequences of gas leakage in the petrochemical industry; therefore, these industries have a high requirement for gas detection equipment. Simultaneously, the increasing exploration of shale gases is another aspect that surges the demand for these equipments in the natural gas and petroleum sector.
|Market size value in 2019
|USD 4.2 Billion
|Market size forecast in 2026
|USD 8 Billion
|2016 to 2018
|2020 to 2026
|Revenue Growth Rate
|CAGR of 11.8% from 2020 to 2026
|Number of Pages
|Number of Tables
|Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling, Competitive Landscape
|Product, Technology, End User, Region
|US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria
Free Valuable Insights: Global Gas Detection Equipment Market to reach a market size of $8 billion by 2026
Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. North America would register substantial growth during the forecast period. The growth of the regional market is attributed to the presence of a big oil & gas pipeline network and oil & gas refineries in nations like the U.S. and Canada. In addition, the growth of regional market is further boosted by the rising requirements for maintaining the safety & security of workers, who are consistently exposed to harmful gases. The increasing need for avoiding any kind of gas leakage accidents is among the prime factors that spur the growth of the market.
The major strategies followed by the market participants are Product Launches. Based on the Analysis presented in the Cardinal matrix; Siemens AG, General Electric (GE) Co., Honeywell International, Inc., Thermo Fisher Scientific, Inc. are the forerunners in the Gas Detection Equipment Market. Companies such as Fortive Corporation, MSA Safety Incorporated, RKI Instruments, Inc. are some of the key innovators in the market.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Fortive Corporation (Industrial Scientific), Dragerwerk AG & Co. KGaA, Siemens AG, Honeywell International, Inc., General Electric (GE) Co., Emerson Electric Co., Thermo Fisher Scientific, Inc., MSA Safety Incorporated, RKI Instruments, Inc., and Sensor Electronics Corporation.
» Partnerships, Collaborations, and Agreements:
» Acquisition and Mergers:
» Product Launches and Product Expansions:
By End User
The global gas detection equipment market size is expected to reach $8 billion by 2026.
The major factors that are anticipated to drive the gas detection equipment industry include strict government rules & regulations.
The Asia Pacific emerged as the dominating region in the gas detection equipment market in 2019.
Based on end-use, the industrial market segment garnered the highest revenue share of the market in 2019.
Fortive Corporation (Industrial Scientific), Dragerwerk AG & Co. KGaA, Siemens AG, Honeywell International, Inc., General Electric (GE) Co., Emerson Electric Co., Thermo Fisher Scientific, Inc., MSA Safety Incorporated, RKI Instruments, Inc., and Sensor Electronics Corporation.
The expected CAGR of gas detection equipment market is 11.8% from 2020 to 2026.
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