Global Gas Detection Equipment Market Research Report with Opportunities and Strategies to Boost Growth- COVID-19 Impact and Recovery

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The global Gas Detection Equipment market size is expected to be worth around US$ 9.38 billion by 2030, according to a new report by Vision Research Reports.

The global Gas Detection Equipment market size was valued at US$ 4.06 billion in 2020 and is anticipated to grow at a CAGR of 9.10% during forecast period 2021 to 2030.

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Growth Factors

The market growth can be attributed to the growing awareness among governments regarding the harmful effects of greenhouse gases, coupled with their increased efforts toward protecting the environment. Major industries such as petroleum, oil, and gas, among others are needed to comply with safety and environmental regulations which are also major factors driving the market growth.

Many companies are focused on introducing drone-based gas detection equipment, which is expected to create new opportunities for market growth in the coming years. For instance, in February 2019, FLIR Systems, Inc. announced the launch of FLIR MUVE C360, a multi-gas detector built for unmanned aerial systems. FLIR MUVE C360 aims to transform the way emergency teams approach environmental, chemical, and industrial incidents.

IR camera-based gas detectors are gaining traction owing to their capability of detecting combustible gases that are not visible to the human eyes. Uncooled  are widely in demand by various industries, which has resulted in increased efforts by companies worldwide to address this demand. For instance, in February 2019, FLIR Systems, Inc. announced the launch of FLIR GF77 Gas Find IR, an uncooled thermal camera for detecting methane.

The COVID-19 pandemic is anticipated to favorably impact market growth in the near future. Hospitals have been using gas detection equipment for monitoring oxygen tanks during the pandemic. During the COVID-19 situation, the U.K. government laid down guidelines highlighting the hazards caused by the increased oxygen level due to the high density of ventilators. This initiative is expected to contribute to market growth.

Report Highlights

The fixed gas detectors segment dominated the market in 2020 and accounted for over 65.0% share of the global revenue. Fixed gas protection systems are installed with the aim of providing personnel safety and plant protection. These sensors are designed to monitor multi or single hazardous gases in safe areas. The demand for the segment is high due to its increasing use in the food and beverage, pharmaceuticals, and oil and gas sectors.

The portable gas detectors segment is anticipated to register the fastest growth over the forecast period. Portable gas detectors can remotely monitor industrial and commercial units, owing to which they are in higher demand than the traditional fixed gas detectors. Simultaneously, benefits such as ease of implementation, cost-effectiveness, and secured and easy connections offered by the portable gas detection equipment are driving the segment growth. These detectors are widely adopted by environment agencies for inspecting the gas emitted from public vehicles.

The infrared gas detection technology segment dominated the market in 2020 and accounted for over 26.0% share of the global revenue. These detectors can operate in both oxygen-poor and oxygen-rich environments. Infrared gas detection technology-based equipment is used for detecting hydrocarbon gas with infrared light. The detectors consist of an optical filter and source of infrared light used to select the proper wavelength. They are used in air cleaners and to control air pollutants.

The semiconductor segment is expected to register the fastest growth over the forecast period. Semiconductor  have a wide range of applications in process control, safety, environmental monitoring, and medical diagnosis, among others. Metal oxide semiconductors are widely used as gas sensing material nowadays owing to advantages such as ease in fabrication, cost efficiency, and simplicity of use. However, poor selectivity of the sensing material hinders the segment growth.

The industrial segment dominated the market in 2020 and accounted for over 21.0% share of the global revenue. Gas detection equipment used for industrial purposes ensures safety in all working environments. These detectors are used in mining sectors for detecting  and oxygen in mines. The increasing use of gas detection equipment in industries such as pharmaceuticals and food and beverage is also driving the market growth.

The petrochemical segment is anticipated to register the fastest growth over the forecast period. The increasing use of gas detection equipment for monitoring hazardous gases in oil refineries, pipelines, processing plants, and LPG/LNG plants is driving the segment growth. In the petrochemical industry, gas leaks can pose disastrous consequences, creating a need for gas detection equipment. At the same time, the rise in the exploration of shale gases is also one of the major factors driving the demand for gas detection equipment in the natural gas and petroleum industry.

Asia Pacific dominated the gas detection equipment market in 2020 and accounted for over 31.0% share of the global revenue. China accounted for the major share in the Asia Pacific market during the forecast period. The increasing number of Greenfield projects by the Chinese government is driving the market growth in the country. At the same time, expansion of operations by various oil companies such as the National Offshore Oil Corporation of China and Oil & Natural Gas Corporation of India is contributing to the demand for the market in the region.

North America is expected to witness significant growth over the forecast period. The presence of a large oil and gas pipeline network and oil and gas refineries in countries such as the U.S. and Canada bodes well for the market growth. Moreover, the increasing need for the safety and security of workers that are constantly exposed to toxic gases is driving the market growth in the region. The growing need for preventing accidents caused by gas leakages is also one of the major factors propelling the market growth.

Key Players

  • ABB
  • Airtest Technologies, Inc.
  • FLIR Systems, Inc.
  • Fluke Corporation
  • General Electric Company
  • Honeywell International Inc.
  • Lynred
  • Opgal
  • Siemens
  • Thermo Fisher Scientific, Inc.

Market Segmentation

  • Product Outlook
    • Fixed Gas Detector
    • Portable Gas Detector
  • Technology Outlook 
    • Semiconductor
    • Infrared (IR)
    • Laser-based Detection
    • Catalytic
    • Photoionization Detector (PID)
    • Others
  • End-use Outlook
    • Medical
    • Building Automation & Domestic Appliances
    • Environmental
    • Petrochemical
    • Automotive
    • Industrial
    • Others
  • Regional Outlook
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • U.K.
    • Asia Pacific
      • China
      • India
      • Japan
    • South America
      • Brazil
    • Middle East & Africa

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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