The Global Market for Gas Detection Equipment is Projected to Reach $3.2 Billion by 2024

Rising Demand from Oil & Gas, Chemical and Mining Sectors Drives Global Sales of Gas Detection Equipment, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Gas Detection Equipment market. The global market for Gas Detection Equipment is projected to reach $3.2 billion by 2024, driven by demand from key application sectors such as oil & gas, chemical, mining & metals; increasing focus on personnel & plant safety due to stringent regulations; emerging popularity of wireless gas detectors and ultrasonic sensors; and growing demand from high-risk operational environments.

Exposure to hazardous and combustible gases in various industrial settings is a major threat to workers and nearby communities, which may put numerous lives in danger. Gas detection equipment is an advanced device or instrument, designed to sense and detect the presence of gases in a specific area. Widely used in factories, commercial complexes and homes, these systems detect gas (combustible, toxic and flammable) leakage and alert for prompt action. The gas detectors market benefits from rising demand from end-use industries, focus on residential and workplace safety standards, and enforcement of tough environmental regulations. Compliance with safety legislations is anticipated to remain one of the primary factors behind the increased deployment of toxic gas detectors and safety systems in the mining, oil & gas, petrochemical and refining industries, among others. High toxicity of some gases is propelling increasing incorporation of their detection in hand-held portable devices, which is used in conjunction with fixed detectors to ensure enhanced site-wide safety.

Industry protocols and government laws that require gas facilities to use gas detectors are driving technical innovation, which is likely to benefit the market. Moreover, the global market for gas detectors is anticipated to be influenced by penetration of the Internet of Everything and artificial neural network technologies over the next few years. The trend is also favoring safety solutions that are built around wireless technology, driving companies to migrate away from point or individual options to connected strategies. Latest advancements led to wireless four-gas monitors capable of operating with key wireless communication protocols including Bluetooth, GPS, mesh and Wi-Fi. Infrared and hyper-spectral cameras represent newer technologies in the market that are gaining broader acceptance among consumers. However, the performance, reliability and accuracy of these systems are influenced by environmental conditions. Factors that affect the overall performance of these systems include pressure levels, temperature and humidity of the location, production process, nocturnal/diurnal fluctuations, and seasonal changes.

As stated by the new market research report on Gas Detection Equipment, the United States represents the largest market worldwide. The U.S. and Europe have clear and precise conformance requirements pertaining to safety and environmental regulations, which further augments market prospects for gas detection equipment. Fueled by environmental regulations along with rising awareness about various benefits of advanced gas monitoring systems, the gas detectors market in Asia-Pacific is anticipated to register significant growth rate (CAGR) of 6.9% over the analysis period. Driven by rising demand for advanced solutions to improve monitoring, reduce safety risk and lower operational expenses, the South East Asia market is slated to gain traction and witness high growth over the analysis period.

Key players in the market include 3M Company, AirTest Technologies Inc., Bacharach Inc., California Analytical Instruments Inc., City Technology Ltd., Crowcon Detection Instruments Ltd., Detector Electronics Corp., Drägerwerk AG & Co. KGaA, Emerson Electric Co., ENMET LLC, ESP Safety Inc., General Electric Company, Honeywell International Inc., Honeywell Analytics Inc., RAE Systems Inc., Industrial Scientific Corp., Johnson Controls, Mil-Ram Technology Inc., MSA Safety Inc., RKI Instruments Inc., Sensidyne, LP, Sensor Electronics, Sierra Monitor Corp., Status Scientific Controls Ltd., TQ Environmental Ltd., Trolex Ltd., and Yokogawa Electric Corp., among others.

The research report titled “Gas Detection Equipment: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, growth drivers, product innovations & launches, and strategic industry activities of major companies worldwide. The report provides market estimates and projections for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, and Rest of Asia-Pacific), Middle East & Africa, and Latin America (Brazil, and Rest of Latin America). Product segments analyzed in the report include Fixed Gas Detection Equipment, Handheld/Portable Gas Detection Equipment, and Gas Detector Tubes). Major end-use sectors analyzed in the report include Oil & Gas, Power, Chemical, Mining & Metals, Water & Wastewater Treatment, and Others.

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