The Global Gas Detection Equipment Market is expected to grow at a CAGR of 6.2% through 2030. Stringent safety regulations, advancement in technology, and emphasis of improving safety are the key forces driving the growth of the global gas detection equipment market. Gas detection equipment is used to monitor and detect the presence of hazardous gases in the process environment. Gas detection equipment is also used to measure the concentration of harmful gases from industrial operations before releasing in atmosphere to ensure environment safety.
The manufacturers of gas detection equipment are focusing on development of advanced products to cater the increasing demand for technologically advanced process equipment such as portable gas detectors. Adoption of industrial automation has increased the complexity of process loops and has resulted in the adoption of process monitoring equipments such as remote gas detection and so on, to ensure process safety and safety of field professionals. The expansion of chemical, pharmaceutical and food & beverages industries is another factor fueling the adoption of gas detection equipments. The global gas detection equipment market is anticipated to grow significantly during the forecast period.
North America contributed the largest share to the global gas detection equipment market in 2019 and is anticipated to be a dominating segment during the forecast period owing to the presence of leading equipment manufacturers, strong penetration of industrial automation and stringent regulatory framework governing occupational safety. Asia Pacific is anticipated to be the fastest growing geography during the forecast period owing to increasing investment in expansion of food & beverages, oil & gas, chemical & pharmaceutical industries.
Gas Detection Equipment Market Share Analysis, by Geography (2023)
The report titled “Gas Detection Equipment Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032” wherein 2021 is historic period, 2022 is the base year, and 2023 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global gas detection equipment market.
Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market. For instance, Honeywell International Inc. reported revenues of USD 36,709 million in 2019 and the product segment analysis of the company indicates that Aerospace business segment of the company dominated revenue in 2019.
The global gas detection equipment market is segmented based on product type, gas type, technology, end use industry, and geography. Based on product type, the global gas detection equipment market is segmented into fixed gas detection equipment and portable gas detection equipment. Based on gas type, the global gas detection equipment market is segmented into flammable gases, toxic gases, and others. Based on technology, the global gas detection equipment market is segmented into single gas detection and multi gas detection. Based on end use industry, the global gas detection equipment market is segmented into food & beverages, oil and gas, metal & mining, chemicals, pharmaceuticals, water & waste water treatment, energy & utilities, building & construction, semiconductors & electronics, and others. Based on geography, the global gas detection equipment market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment, and would identify the segment of the company focusing on gas detection equipment. Further, market share of prominent companies in the global gas detection equipment market would also be estimated. For instance, Honeywell International Inc. operates through four business segments namely Aerospace, Honeywell Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The gas detection equipments are delivered under Safety and Productivity Solutions business segment of the company with revenue contribution of US$ 6,104 million in 2019.
The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, SWOT analysis, and research and development focus of all the peptide therapeutic companies. The global gas detection equipment market study would take into consideration the participants engaged throughout the value chain and supply chain of the market, along with their contribution. Product portfolio would focus on all the products under the gas detection equipment business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the global gas detection equipment market.
Major players active in the global gas detection equipment market include Drägerwerk AG & Co., ESP Safety Inc., GE Measurement & Control Solution, Honeywell International Inc., Industrial Scientific Corp., MSA Safety Inc., RAE Systems Inc., Riken Keiki Co. Ltd., Schauenburg Group, SE Electronics, Sensidyne, Siemens AG, Troloex Ltd.
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By Gas Type:
By Technology:
By End Use Industry:
By Geography :
The global gas detection equipment market is estimated to exhibit a CAGR of 6.2% in terms of revenue over the forecast period.
Stringent safety regulations, advancement in technology, and emphasis of improving safety are the key forces driving the growth of the global gas detection equipment market.
North America contributed the largest share to the global gas detection equipment market in 2019 and is anticipated to be a dominating segment during the forecast period owing to the presence of leading equipment manufacturers, strong penetration of industrial automation and stringent regulatory framework governing occupational safety.
The global gas detection equipment market segmented on the basis of product type, gas type, technology, end use industry, and geography.
Key gas detection equipment market players are Drägerwerk AG & Co., ESP Safety Inc., GE Measurement & Control Solution, Honeywell International Inc., Industrial Scientific Corp., MSA Safety Inc., RAE Systems Inc., Riken Keiki Co. Ltd., Schauenburg Group, SE Electronics, Sensidyne, Siemens AG, Troloex Ltd. and others.
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