North America Gas Detection Equipment Market By Product (Fixed Gas Detector and Portable Gas Detector), By Technology (Infrared (IR), Laser-based Detection, Photoionization Detector (PID), Semiconductor, Catalytic and Others), By End User (Industrial, Building Automation & Domestic Appliances, Petrochemical, Medical, Environmental, Automotive and Others), By Country, Industry Analysis and Forecast, 2020 - 2026
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Market Report Description
The North America Gas Detection Equipment Market would witness market growth of 11.6% CAGR during the forecast period (2020-2026). Gas detection equipment is used in several sectors like emergency services, water treatment, food & beverages, power, mining, chemicals & specialty chemicals, and building automation & construction. Due to the various strict rules regarding environment safety & security framed by governments across the globe, many sectors are significantly adopting gas detection equipment.
In addition, gas detection equipment provides many benefits like maintaining air quality & recognizing harmful gases, specifically in commercial buildings to eliminate serious incidents or situations. All these mentioned determinants are pushing the demand for gas detection equipment.
There are many new companies entering the market who are offering gas detection equipments at low prices, as the cost of production of gas detection equipment is low. This aspect will create challenges for the established companies of the market, which further reduces the investment in the market, thereby would hamper the market growth during the forecast period.
The market growth is propelled by the growing demand for gas detection equipment in the oil and gas industry for applications like fracking, emergency response, and leak detection. In addition, the demand for gas detection equipment is increasing with the importance of protecting workers from harmful gases. There are many government rules and regulations like the American Society of Heating Refrigeration & Air Conditioning Engineers and Occupational Safety & Health Administration have made it mandatory to install the gas detection equipment in order to maintain safety and security; hence boosting the growth of the market.
The US market dominated the North America Gas Detection Equipment Portable Gas Detector Market by Country 2019, and would continue to be a dominant market till 2026. The Canada market is experiencing a CAGR of 16% during (2020 - 2026). Additionally, The Mexico market would witness a CAGR of 15% during (2020 - 2026).
The Infrared (IR) market dominated the Canada Gas Detection Equipment Market by Technology 2019, thereby, achieving a market value of $103.3 million by 2026. The Laser-based Detection market is estimated to grow at a CAGR of 13.1% during (2020 - 2026). Additionally, The Photoionization Detector (PID) market is showcasing a CAGR of 15% 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 U.S., Mexico, Canada, and Rest of North America.
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.
Scope of the Study
Market Segments Covered in the Report:
- Fixed Gas Detector
- Portable Gas Detector
- Infrared (IR)
- Laser-based Detection
- Photoionization Detector (PID)
By End User
- Building Automation & Domestic Appliances
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- 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.
- Sensor Electronics Corporation
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