USD 4.9 billion
Report ID:
SQMIG10B2106 |
Region:
Global |
Published Date: December, 2024
Pages:
182
|Tables:
0
|Figures:
0
Global Gas Detection Equipment Market size was valued at USD 4.9 billion in 2022 and is poised to grow from USD 5.5 billion in 2023 to USD 12.9 billion by 2031, growing at a CAGR of 11.2% during the forecast period (2024-2031).
Market growth is expected to increase owing to increasing concerns about worker safety across the globe. Public safety agencies such as Occupational Safety and Health Administration (OSHA) and Health and Safety Executive have developed stringent regulations for the use of radiation detectors, which is a key driver for market growth.
Technologies with infrared gas detection sensors are common because these devices are necessary to measure performance efficiently and safely in a variety of applications during transportation, natural gas extraction, and electricity generation. To significantly reduce leakage due to gas detectors It is possible. In addition, the Canadian government committed to reducing oil, gas and methane emissions by 40% to 45% from 2012 levels by 2025.
Radiation detectors based on IR cameras have grown exponentially in recent years due to their ability to detect hot gases invisible to the naked eye. Cameras used in infrared technology click on an area that scanned over a photo of a bottle and displays a puff of smoke on the screen. The camera can detect invisible gases from a few meters away, such as hydrocarbon-based gases such as methane, ethane, propane and butane. It can also detect gas leaks in moving vehicles.
Global Market Size
USD 4.9 billion
Largest Segment
fixed
Fastest Growth
portable
Growth Rate
11.2%
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Global Gas Detection Equipment Market is segmented by Type, End Use, Communication, Gas Type, Sensor and Region. Based on Type, the market is segmented into Fixed Portable. Based on End Use, the market is segmented into Oil and Gas, Government and Military, Manufacturing, Chemicals and Petrochemicals, Water and Wastewater, Metal and Mining, Utilities. Based on Communication, the market is segmented into Wired, Wireless. Based on Gas Type, the market is segmented into Combustible, Toxic, Oxygen, Dedicated. Based on Sensor, the market is segmented into Electrochemical, Infrared, Metal Oxide, Catalytic, Zirconia. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Product
In 2022, the fixed gas detectors segment dominates the gas detection equipment market, accounting for more than 65.0% of the global revenue. The need for a safe and healthy work environment is a major driving force for increased use of stationary radiation detectors, as employers increasingly recognize the risks associated with hazardous radiation in the workplace. Also due to advantages, such as lower the number of samples required for gas analysis, real-time monitoring capabilities and the expanding tendency to integrate these systems in urban areas buildings such as traffic lights and billboards are also increasing their popularity among end users.
The portable gas detectors segment is expected to register the fastest growth during the forecast period. Rising worker safety and health concerns are driving the demand for portable radiation detectors, as they provide workers with a reliable and convenient way to monitor the hazardous radiation levels in their environment. Portable air-conditioning devices, also known as personal air-conditioning devices, are widely used in private vehicles. Factors such as the ease of use, portability, affordability and size also drive the demand for portable gas detectors. Environmental authorities are increasingly using these detectors to monitor emissions from public transport and potentially flammable gases in restricted areas.
Analysis by Technology
The infrared gas detection technology segment dominated the market in 2022 and accounted for more than 26.9% of the global revenue. Infrared detection technology uses infrared light to detect flammable gases such as hydrocarbon gas. Gas detectors are virtually maintenance-free, contributing greatly to the growth of the gaseous detection technology segment. For example, use passive infrared detectors to analyze spectral changes at each pixel in an image and look for specific spectral signatures of target gases. Also, because infrared based gas detectors are impervious to pollutants and toxins, carbon dioxide, methane It is used is used for gas detection, and volatile chemicals such as benzene, butane and acetylene.
The semiconductor segment is expected to witness the fastest growth in the gas detection equipment market during the market forecast. Semiconductor-based gas detectors are not cost-effective and indicate flammable gases. It is widely used in the petrochemical, automotive and pharmaceutical industries for its advantages such as corrosion resistance and longevity. Various semiconductor technology suppliers are collaborating with gas detection equipment providing new opportunities for segment growth. For example, in July 2021, mixed-signal semiconductor supplier Semtech Corporation announced a collaboration with eLichens, which developed the avolta-CH4, a gas leak detector that works on the LORaWAN standard.
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Asia-Pacific dominated the gas detection equipment market share in 2022, accounting for more than 32.5% of the global revenue. Advances in sensor technology are also driving the development of more accurate and reliable radiation detectors. At the same time, the activities of several companies such as national offshore oil corporation of China and oil and natural gas corporation of India are also increasing the market demand in the region. The Asia-Pacific region plays an important role in the air detection devices market owing to rapidly developing technologies, urbanization and stringent safety regulations in the sectors. Rising technology in countries such as China, India and Japan are driving the demand for windmills. North America is expected to grow significantly during the forecast period. Important oil and gas pipelines and oil and gas production facilities in countries such as the US. Increasing safety and security of workers frequently exposed to harmful radiation boost regional gas detection equipment market outlook. The increasing need to reduce accidents caused by exhaust is also one of the major factors driving the market growth. The gas detectors use the control system to detect a gas leak so that the gas detection process can shut off automatically. The North America region has several key vendors which is predicted to fuel the growth of the region. Furthermore, government standards for emission control have paved the way for the market. The Environmental Protection Agency (EPA) has released new source performance standards for measuring and containing methane emissions from rehabilitated, new, or converted properties.
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Drivers
Increased Industrial Safety Regulations
Increasing Awareness of Workplace Safety
Restraints
Increased Initial Costs
Technical Limitations and Maintenance
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The competitive landscape is highly fragmented in nature. Marketers are focusing on the partnerships, new product developments, geographic expansion, research and development to strengthen their market position. For example, in April 2021, ABB Ltd announced the launch of HoverGuard, a drone-based gas leak detection system. With the launch of HoverGuard, the company has expanded its product range with a collection of natural gas distribution and storage systems, cables, pipelines, and other potential sources for simulation fast, safe and reliable, detect, and quantify leakage to the 100 meters. Moreover, market players are focusing on improving their product offerings to meet the changing needs of the users.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to SkyQuest analysis, the gas detection equipment market is experiencing strong growth, driven by increasing industrial safety regulations and increasing workplace safety awareness but also by high initial costs and technical limitations of maintaining these systems can restrict market expansion. The integration of key traits which includes the IoT and smart technologies coupled with the developing demand for portable breath detection solutions is shaping the future of the market. As groups deliver safety and intake so typically, the fuel detection system marketplace is poised for non-stop increase and innovation.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 4.9 billion |
Market size value in 2031 | USD 12.9 billion |
Growth Rate | 11.2% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Gas Detection Equipment Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Gas Detection Equipment Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Gas Detection Equipment Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Gas Detection Equipment Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG10B2106
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