Gas Detection Equipment Market Size, Share, Growth Analysis, By Type (Fixed, Portable), By End Use, By Communication (Wired, Wireless), By Gas Type, By Sensor, By Region - Industry Forecast 2024-2031

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). 

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. 'Honeywell International (United States) ', 'Dragerwerk AG & Co. KgaA (Germany) ', 'Emerson Electric (United States) ', 'MSA Safety (United States) ', 'RKI Instruments (Germany) ', 'Industrial Scientific (United States) ', 'Teledyne Technologies (United States) ', 'Crowcon Detection Instruments (United Kingdom) ', 'GasSecure (Norway) ', 'Sensidyne (United States) ', 'City Technology (United Kingdom) ', 'Bacharach (United States) ', 'GMI (United States) ', 'Mine Safety Appliances Co. (United States) ', 'Thermo Fisher Scientific (United States) ', 'ABB (Switzerland) ', 'Siemens (Germany) ', 'Fuji Electric (Japan) ', 'Yokogawa Electric (Japan) ', 'Hanwei Electronics Group (China) '

Stringent safety regulations and standards in various industries, especially in the oil, gas, chemical and manufacturing industries, are driving demand for air detectors in gas detection equipment market. Organizations have already invested in advanced air detection systems to ensure compliance and enhance workplace safety, reducing the risk of potential accidents and liabilities.

Integration of IoT and Smart Technologies: The integration of Internet of Things (IoT) technology into wind tunnels is becoming increasingly common. Smart sensors and devices that provide real-time analytics, data analytics and alerts are gaining traction, enabling organizations to improve security processes and improve response times in gas detection equipment market trend.

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.