The Latin America, Middle East and Africa Gas Detection Equipment Market would witness market growth of 13.8% CAGR during the forecast period (2020-2026). There are many gas leakage incidents recorded in the past, due to which people have faced the huge loss of life & property.
These incidents have created more awareness among companies to maintain safety & security measures to prevent such type of incidence. Along with this, many governments have mandate using these detectors to ensure the safety of the workers who are prone to the incidents of gas leakage. So, to protect the company and the workers from any damage, manufacturers install gas detection equipment. The increasing awareness of companies towards the safety of workers is boosting the growth of the market during the forecast period.
The demand for gas detection equipment is augmented due to the fact that many government authorities across the world are constantly making efforts to decrease the oil and gas methane emissions. The infrared gas detection sensors are majorly utilized for detecting methane as they are crucial for tracking the effectiveness and security in various applications. Gas detection equipment helps in decreasing the damages done by methane leaks during natural gas extraction, the transportation process, and power generation. One of the most cost-efficient methods to reduce global emissions is to decrease methane emissions.
The Brazil market dominated the LAMEA Gas Detection Equipment Portable Gas Detector Market by Country 2019, thereby, achieving a market value of $75.9 million by 2026. The Argentina market would witness a CAGR of 16.3% during (2020 - 2026). Additionally, The UAE market is experiencing a CAGR of 15.5% during (2020 - 2026).
The Infrared (IR) market dominated the Saudi Arabia Gas Detection Equipment Market by Technology 2019. The Laser-based Detection market is estimated to grow at a CAGR of 13.3% during (2020 - 2026). Additionally, The Photoionization Detector (PID) market is showcasing a CAGR of 15.1% during (2020 - 2026).
Based on Product, the market is segmented into Fixed Gas Detector and Portable Gas Detector. Based on Technology, the market is segmented into Infrared (IR), Laser-based Detection, Photoionization Detector (PID), Semiconductor, Catalytic and Others. Based on End User, the market is segmented into Industrial, Building Automation & Domestic Appliances, Petrochemical, Medical, Environmental, Automotive and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: Gas Detection Equipment Market in LAMEA is expected to register a CAGR of 13.8% during the forecast period (2020-2026)
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.
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