Gas Detection Equipment Market: Global Industry Analysis and Forecast (2023-2029)

Gas Detection Equipment Market size was valued at USD 4.90 Bn. in 2022 and the total revenue is expected to grow at 9.9% of CAGR through 2023 to 2029, reaching USD 9.49 Bn.

Gas Detection Equipment Market Overview:

Emissions of hazardous gases are common in a variety of industries and applications. Gas detection can protect both the working environment and the health and safety of employees. The necessity for gas detection is especially apparent in some industrial sectors, such as chemical processing facilities and oil and gas refineries. Hazardous gases are prevalent in a variety of other, less evident industries, including those that deal with building, mining, farming, import and export of commodities, the food business, and water and wastewater management. As a component of a safety system, gas detectors measure or monitor for the loss of oxygen, poisonous gases, and flammable gases in a given space. These detectors are generally installed in tight spaces or in locations where inhaling the gas might put occupants in danger of harmful exposure or a fire. Both fixed and portable gas detectors are available. Options for common sensors include LEL, O2, CO, and H2S. To detect and track gas levels, over eight different gas sensor technologies are employed. Since different industrial applications often require specialized gas detection safety systems, gas detectors can be classified according to how they operate. The four primary categories of gas detectors will be covered in the report. New wireless technologies like Bluetooth, WI-Fi, and Wi-MAX are expected to likely enable gas detectors to connect to a smartphone, tablet, or PC, opening up new economic opportunities and accelerating the growth of the market for gas detection equipment manufacturers. They enable real-time alerts and data transmission between users regarding air quality. A number of limitations, too, such as the high prices of gas detectors and the high operational expenses associated with maintenance. These elements can be harmful to the growth of the market for manufacturers of gas detection equipment globally. General Electric, Robert Bosch, Bacharach, Emerson Electric, and Honeywell International, are some of the top global key players in the Gas Detection Equipment Market are detailed covered in the report.Gas Detection Equipment Market To know about the Research Methodology:-Request Free Sample Report

Gas Detection Equipment Market Dynamics:

Wireless Technology Penetrates the Gas Detection Equipment Market Advancements in the wireless communications sector are driving demand for wireless technologies, and Bluetooth-enabled gas detection equipment is becoming more common. Users may communicate real-time air performance measures with their employees using this wireless technology. In order to develop Bluetooth-enabled gas detection devices, many companies are collaborating together. Some companies are producing portable sensor systems based on solid-state gas sensors as a proof-of-concept for ambient air monitoring applications, malodor olfactometric control, and landfill gas monitoring. an open-access Wi-Fi wireless system based on many types of gas sensors with SPI digital output for environmental gas monitoring. With a specially created data exchange protocol for digital intellectual sensors (DIS), which consists of four sensors, the digital sensors matrix allows for the use of various types of sensors. Another benefit of system architecture is the ability to "hot replace" sensors. Any online application that is available on any mobile device may be used to visualize the gas concentrations that were received from the matrix (laptop, smartphone, etc.). For example, in October 2022 the new Honeywell Searchline ExcelTM Plus and Searchline ExcelTM Edge are the latest generations of open-path gas detectors that combine enhanced optics and high-powered infrared technology to stay operational in poor visibility situations and across greater distances than before. The new gas detectors also include Bluetooth connection, which makes device calibration and maintenance for plant workers quicker and simpler. Smart cities and building automation are shaping the future of Gas Detection Equipment Market Industrial automation is to hold high opportunities for the gas detector equipment market. Gas sensors must be used in smart cities for a variety of environmental monitoring applications, including weather stations and environmental monitoring in public spaces, to monitor the quality of the air. The principal gases that are seen include CO, CO2, SO2, NO, NO2, and VOCs. Modern gas detectors can now detect many poisonous or combustible gases, or even a mixture of both, as opposed to older models that could only detect a single gas. The HVAC system is utilized in buildings for a variety of purposes, including environmental monitoring and control. Based on measurements made using gas sensors, ventilation devices are used to manage the amounts of gaseous components in indoor air. CO2, NOx, CO, O2, and VOC gas sensors are the most frequently utilized gas sensors in HVAC systems. There is a high demand for gas sensors in HVAC applications due to the increasing levels of environmental pollution and the deteriorating indoor air quality. Higher cost to Hampere the Gas Detection Equipment Market Growth As a component of a safety system, gas detectors assess or monitor the concentrations of poisonous gases, oxygen, and flammable gases in a space. These detectors are employed in confined places or locations where exposure to such a gas might result in a hazardous exposure or fire danger, and they often emit an alert. There are permanent and portable gas detectors available. The usage of the aforementioned sensors depends on the applications for which gas detectors are used, such as thermal conductivity gas sensors, MEMS pellistors, catalytic pellistors, infrared gas sensors, metal oxide gas sensors, indoor air quality sensors, and electrochemical gas sensors. The development of gas sensors requires an expensive fabrication procedure in order to attain high reproducibility and repeatability. For example, adding multi-walled carbon nanotubes (MWCNTs) to the sensor's conducting layer requires a lot of manual effort. Gas detection equipment's benefits, such as excellent repeatability, quick reaction times, high sensitivity, and long-term stability, have led to an increase in price. The adoption of strict safety regulations to drive the Gas Detection Equipment Market Government organizations across the world work to reduce oil and methane gas emissions, which in turn encourages the development of gas detecting technology. Infrared gas detection sensors are frequently used to find methane leaks in a variety of applications to monitor efficiency and safety. Maintaining permissible levels of occupational exposure for staff to harmful gases based on industry standards is crucial. Industries are forced to install gas detection equipment as a result. Another significant issue is the rising understanding among business owners and industry personnel that specialized gas detection tools are essential for minimizing the harm caused by methane leaks during transportation, natural gas extraction, and power generation. Additionally, reducing methane emissions is regarded as one of the most affordable ways to reduce global emissions. For example, the Canadian government is committed in January 2020 to cut oil and gas methane emissions by 40%–45% below 2012 levels by 2025, thus driving the demand for gas detection technology throughout the review period.

Gas Detection Equipment Market Segment Analysis:

Based on Type, the Gas Detection Equipment Market is segmented into Oil and Gas, Chemicals and Petrochemicals, Water and Wastewater, Metal and Mining, Utilities, Other. Oil and Gas held the largest market share in 2022. Various operations in oil and gas applications generate non-toxic gases that, when collected in large concentrations, deplete the oxygen, posing a threat to employees who inhabit the region and do not have access to protection. Individuals are at risk from oxygen deprivation, but even low concentrations of hazardous poisonous gases can have major health consequences (including death) for anybody visiting an empty place where such gases are present. Furthermore, older technologies, such as handheld/personal detector monitors, are incapable of detecting flammable gas concentrations in unoccupied areas, which are harmful to workers, equipment, and the facilities themselves. A variety of dangerous flammable and poisonous gases are used in oil refineries, pipelines, LPG/LNG facilities, storage farms, and offshore platforms. The demand for safety precautions fuels the growth of the gas detection system market. Furthermore, a string of successful licensing rounds and intriguing discoveries has sent a pulse of excitement across the industry. Furthermore, the oil and gas industry has substantially invested in research and development in order to keep up with the latest developing technology. According to BP Statistics, global crude oil consumption will reach 94,088 thousand barrels per day in 2022. The rising demand for crude oil is likely to fuel the growth in demand for gas detection systems. Gas Detection Equipment MarketBased on the Application, the Gas Detection Equipment Market is segmented into fixed and portable gas detection equipment. Fixed gas detector equipment is expected to dominate the market during the forecast period. Fixed gas detectors are used to continuously monitor surroundings and are permanently deployed on-site. The operation of fixed detectors is comparable to that of smoke and fire alarms. On-site, target gas-specific detectors are placed and linked to a control panel. Based on gas levels, the controller monitors the detectors and establishes alert conditions. Simple audio and visual alerts are set off to notify staff. Advanced installations may link to cloud-based systems, initiate shut-down mechanisms, log and trend data, and alert other monitoring systems, among other things. One of the key advantages of permanent gas detectors over portable ones is driving the gas detection equipment market. Fixed gas detectors can be strategically installed to detect leaks or emissions and are suitable for usage in areas where the gas danger is recognized. As a preventive measure in these circumstances, fixed systems satisfy BATNEEC standards (Best Available Technology Not Entailing Excessive Cost). Also, keep in mind that regions that aren't often populated may provide more of a challenge. The need for fixed gas detection equipment is projected to rise as shale gas development continues on every continent. Thanks to technical improvements, it is now feasible to identify numerous gases with a single instrument. Through certain applications, a change in the gas detector reading may be detected, and operations have become simple. It's crucial to train the workforce on how to use the product safely to prevent accidents. To develop detectors with more advanced technology and higher efficiency, several players are spending money on R&D. The market for fixed gas detection equipment is predicted to benefit from technological progress by global leaders. The market, however, can be constrained by cost increases brought on by technical advancement. A more affordable but similarly reliable alternative for the smaller user who wants to install a fixed gas detector is now possible thanks to recent advancements in fixed gas detection technology. For single gas monitoring, an IP66-certified standalone plug-in detector with built-in audible/visual alerts, a built-in display, and event logging capabilities is now available. Just plug it in and start using it. For smaller users as well as in situations where gas detection has to be semi-portable and may be used in various locations for a period of time, this can greatly lower the cost of ownership of fixed gas detection. Even better, the machine may be disconnected and returned for calibration to save even more money.

Gas Detection Equipment Market Regional Insights:

The Asia Pacific region dominated the market with 45 % share in 2022. Due to the region's huge number of chemical production facilities, developed petroleum industry, sizeable manufacturing sector, strong industrial demand, and high penetration of key companies, Asia-Pacific holds the greatest share of the global market for gas detection equipment The need for gas detection equipment is also expected to increase in the upcoming years due to China, India, and Japan's strong infrastructure expansion and rising investments in safety and security. In addition, the region is home to important industrial sectors for consumer goods, electronics, specialized chemicals, and other products. As a result, the area is expected to display a CAGR of 6.49% and hold onto its top spot during the forecast period. Emerging economies like India, China, and Indonesia consistently engage in the construction of infrastructure, including water treatment facilities, the oil and gas sector, and different mining endeavors. Due to the substantial cash flows produced by the utilization of corporate infrastructure and equipment, Asia-Pacific is the most alluring market. During the forecast period, the market for gas detection equipment is expected to be dominated by the growth of industrial clusters as well as FDI in all significant manufacturing sectors in rising economies like China, India, Brazil, and Southeast Asian nations. The focus of emerging economies is on numerous foreign entrepreneurs who want to launch their companies through FDI incentive schemes. This will enhance industrialisation and inadvertently boost economic development. For instance, it is predicted that in the first half of 2020, FDI inflow will be over USD 859 billion. In order to draw investment and promote growth, many countries have also modernized and reorganized their industrial regulations and practices. To facilitate operations and promote manufacturing efficiency, industrialization is predicted to increase automation. One of the most developed economies in Asia, Vietnam has seen significant expansion. To guarantee steady growth and development in the infrastructure and industrial sectors, the government has started investing in this industry. This will result in a massive growth of innovative product development initiatives throughout the country. Consequently, the global market for gas detection equipment has a chance due to the expanding scope in growing economies.

Competitive Landscape

The market for gas detection systems is quite competitive. In order to obtain a competitive edge, the gas detection system market has seen growth in mergers and acquisitions (M&As) and product innovation over the past few years. This pattern is probably going to continue in the future, concentrating on market key players. Honeywell International, is a global company that is publicly listed in America. The company's primary business sectors include aerospace, building technologies, performance materials and technology, and safety and productivity solutions. With the release of two new Bluetooth-connected gas detectors in October 2022, Honeywell International Inc. is assisting facilities in maintaining the safety of their oil and gas, petrochemical, chemical, and other workers as well as industrial sites. These devices can continuously monitor dangerous gases even in fog, rain, snow, and other adverse weather conditions. In July 2022, Emtech Corporation and eLichens released a new connected gas leak detection that utilizes the LoRaWAN protocol. Avola, which is based on eLichens' proprietary gas sensing technology, has received approval from research gas laboratories and has been shown to be extremely selective in its ability to identify natural gas (methane) leaks. A maker of safety equipment, MSA Safety Incorporated, announced in July 2022 that it had successfully acquired Bacharach Inc. for USD 337 million. With annual sales of over USD 70 million and headquarters in New Kensington, Pennsylvania, Bacharach is a producer of gas detection technology for the HVAC-R (heating, ventilation, air conditioning, and refrigeration) industry.

Gas Detection Equipment Market Scope: Inquire before buying

Gas Detection Equipment Market
Report Coverage Details
Base Year: 2022 Forecast Period: 2023-2029
Historical Data: 2017 to 2022 Market Size in 2022: US $ 4.90 Bn.
Forecast Period 2023 to 2029 CAGR: 9.9% Market Size in 2029: US $ 9.49 Bn.
Segments Covered: by Type • Fixed Gas Detector • Portable Gas Detector
by End-use Type • Oil and Gas • Chemicals and Petrochemicals • Water and Wastewater • Metal and Mining • Utilities • Other

Gas Detection Equipment Market,by Region

● North America (United States, Canada and Mexico) ● Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe) ● Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC) ● Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) ● South America (Brazil, Argentina, Columbia and Rest of South America)

Gas Detection Equipment Market, Key Players are:

• Interscan Corporation (US) • Honeywell International, Inc.(US) • Carrier Global Corporation (US) • Industrial Scientific Corporation (US) • Emerson Electric Co. (US) • Aerionics, Inc. (US) • MSA Safety, Inc. (US) • RKI Instruments, Inc. (US) • Sensor Electronics Corporation (US) • Teledyne Technologies, Inc. (US) • Mil-Ram Technology, Inc (US) • Emerson Electric Co. (US) • Thermo Fisher Scientific Inc. (US) • Blackline Safety Corporation (Canada) • Dragerwerk AG & Co. KGaA (Germany) • Process Sensing Technologies Ltd. (UK) • Trolex Ltd. (UK) • Halma plc (UK) • ION Science, Inc. (UK) • The Linde Group (Ireland) • RIKEN KEIKI Co., Ltd. (Japan) • Hanwei Electronics Group Corporation (China) • Beijing SDL Technology Co., Ltd. (China) • Active Environmental Solutions (Australia) Frequently Asked Questions: 1] What segments are covered in the Global Gas Detection Equipment Market report? Ans. The segments covered in the Gas Detection Equipment Market report are based on Product Type and End Use type. 2] Which region is expected to hold the highest share in the Global Gas Detection Equipment Market? Ans. The Asia Pacific region is expected to hold the highest share in the Gas Detection Equipment Market. 3] What is the market size of the Global Gas Detection Equipment Market by 2029? Ans. The market size of the Gas Detection Equipment Market by 2029 is expected to reach US$ 9.49 Bn. 4] What is the forecast period for the Global Gas Detection Equipment Market? Ans. The forecast period for the Gas Detection Equipment Market is 2023-2029. 5] What was the market size of the Global Gas Detection Equipment Market in 2022? Ans. The market size of the Gas Detection Equipment Market in 2022 was valued at US$ 4.90 Bn.
1. Gas Detection Equipment Market: Research Methodology 2. Gas Detection Equipment Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Gas Detection Equipment Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Gas Detection Equipment Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12 COVID-19 Impact 4. Gas Detection Equipment Market Segmentation 4.1. Gas Detection Equipment Market, by Type (2023-2029) • Fixed Gas Detector • Portable Gas Detector 4.2. Gas Detection Equipment Market, By End-use Type (2023-2029) • Oil and Gas • Chemicals and Petrochemicals • Water and Wastewater • Metal and Mining • Utilities • Other 5. North America Gas Detection Equipment Market (2023-2029) 5.1 North American Gas Detection Equipment Market, By Type (2023-2029) • Fixed Gas Detector • Portable Gas Detector 5.2 North America Gas Detection Equipment Market, By End-use Type (2023-2029) • Oil and Gas • Chemicals and Petrochemicals • Water and Wastewater • Metal and Mining • Utilities • Other 5.3 North America Gas Detection Equipment Market, by Country (2023-2029) • United States • Canada • Mexico 6. European Gas Detection Equipment Market (2023-2029) 6.1. European Gas Detection Equipment Market, By Type (2023-2029) 6.2. European Gas Detection Equipment Market, By End-use Type (2023-2029) 6.3 European Gas Detection Equipment Market, by Country (2023-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Gas Detection Equipment Market (2023-2029) 7.1. Asia Pacific Gas Detection Equipment Market, By Type (2023-2029) 7.2. Asia Pacific Gas Detection Equipment Market, By End-use Type (2023-2029) 7.3. Asia Pacific Gas Detection Equipment Market, by Country (2023-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Gas Detection Equipment Market (2023-2029) 8.1. Middle East and Africa Gas Detection Equipment Market, By Type (2023-2029) 8.2. Middle East and Africa Gas Detection Equipment Market, By End-use Type (2023-2029) 8.3. Middle East and Africa Gas Detection Equipment Market, by Country (2023-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Gas Detection Equipment Market (2023-2029) 9.1. South America Gas Detection Equipment Market, By Type (2023-2029) 9.2. South America Gas Detection Equipment Market, By End-use Type (2023-2029) 9.3 South America Gas Detection Equipment Market, by Country (2023-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1 Interscan Corporation (US) 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Honeywell International, Inc.(US) 10.3. Carrier Global Corporation (US) 10.4. Industrial Scientific Corporation (US) 10.5. Emerson Electric Co. (US) 10.6. Aerionics, Inc. (US) 10.7. MSA Safety, Inc. (US) 10.8. RKI Instruments, Inc. (US) 10.9. Sensor Electronics Corporation (US) 10.10. Teledyne Technologies, Inc. (US) 10.11. Mil-Ram Technology, Inc (US) 10.12. Emerson Electric Co. (US) 10.13. Thermo Fisher Scientific Inc. (US) 10.14. Blackline Safety Corporation (Canada) 10.15. Dragerwerk AG & Co. KGaA (Germany) 10.16. Process Sensing Technologies Ltd. (UK) 10.17. Trolex Ltd. (UK) 10.18. Halma plc (UK) 10.19. ION Science, Inc. (UK) 10.20. The Linde Group (Ireland) 10.21. RIKEN KEIKI Co., Ltd. (Japan) 10.22. Hanwei Electronics Group Corporation (China) 10.23. Beijing SDL Technology Co., Ltd. (China) 10.24. Active Environmental Solutions (Australia)

About This Report

Report ID 32518
Category Automation & Process Control
Published Date April 2023
Updated Date