Gas Detection Equipment Market Global Analysis & Forecast To 2025 Research

Posted by Rishikesh Kurane on August 29th, 2019

The global gas detection equipment market is predicted to have a significant growth at a notable CAGR over the forecast period (2019-2025), states the new Market Research Future (MRFR) report. A gas detector, simply put, is a device which helps in detecting the presence of gases, often as a safety system. It is generally used for detecting gas leaks or other emissions. Such detectors use wireless technology such as ZigBee, Wi-MAX, Wi-Fi, and Bluetooth for connecting to desktops, tablets, or smartphones. Various sensors are used in these detectors such as electrochemical gas sensors, semiconductor sensors, infrared sensors, and ultrasonic sensors. Gas detection equipment has a wide range of applications, including household activities, wastewater treatment facilities, automobiles, industrial plants, and refineries.

Various factors are propelling the gas detection equipment market growth. These factors, as stated by the MRFR report, include increasing production of shale gas, improvement in extraction technology, growing demand for workers safety in plants, and rising safety concerns in commercial and industrial spaces. Additional factors propelling market growth include growing demand for gas monitoring equipment for detecting hazardous gases, escalating demand for safety in household and medical sectors in emerging countries, shift towards natural gases, and directives laid down by the government to boost safety measures in the industrial workplace.

On the contrary, the slowdown in the construction, industrial, and manufacturing industry growth may deter the gas detection equipment market growth over the forecast period.

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Scope of the Report

This study provides an overview of the global gas detection equipment market, tracking four market segments across four geographic regions. The report studies key players, providing a six-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia-Pacific, and the rest of the world. The report also provides a forecast, focusing on the market opportunities for the next six years for each region. The scope of the study segments the global gas detection equipment market by product, technology, end-use, and region.

Key Players

The prominent players in the global gas detection equipment market are RKI Instruments, Inc. (RKI) (US), Industrial Scientific (US), Drägerwerk AG & Co. KGaA (Germany), MSA (US), Siemens AG (Germany), Honeywell International (US), General Electric Company (US), Emerson Electric Co. (US), Thermo Fisher Scientific Inc. (US), and Sensor Electronics (US).

Market Segmentation

The Market Research Future report provides a wide segmental analysis of the gas detection equipment market based on technology, product, and end use.

Based on product, the gas detection equipment market is segmented into portable gas system and fixed gas system. Of these, the fixed gas system segment will have the maximum share in the market over the forecast period.

Based on technology, the gas detection equipment market is segmented into multi-gas detection and single-gas detection. Of these, the single gas detection segment will dominate the market over the forecast period.

Based on end use, the gas detection equipment market is segmented into industrial, commercial, and household sectors. The industrial sector is further segregated into semiconductors, water treatment, mining, chemicals, and specialty chemicals, oil and gas, and others. Of these, the industrial sector will lead the market over the forecast period.

Regional Analysis

Based on the region, the gas detection equipment market report covers growth opportunities and the latest trends across North America, Asia Pacific (APAC), Europe, and the Rest of the World (RoW). Of these, APAC will command the market over the forecast period. This is due to the growing number of greenfield projects in this region. India, the Philippines, and China are the key contributors in the region.

In North America, the gas detection equipment market is predicted to have favorable growth over the forecast period. This is owing to the growing demand from several end use industries and the rising industrial activities in the region. Advanced safety systems installation has become compulsory due to government regulations in Canada and the US. The increasing awareness concerning the hazardous effects of carbon monoxide from the National Fire Protection Association and the US Consumer Product Safety Commission, is further boosting the market growth in this region.

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Rishikesh Kurane

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Rishikesh Kurane
Joined: May 4th, 2018
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