Gas Detection Equipment Market

Global Gas Detection Equipment Market Outlook

The global gas detection equipment market is estimated at USD 1.5 Billion in 2022 and is forecast to reach USD 2.6 Billion by 2032, growing with a CAGR of 5.3% from 2022 to 2032.

Fact.MR- a market research and competitive intelligence provider, foresee a thriving growth in gas detection equipment demand. The global gas detection equipment market is expected to grow at 5.3% CAGR during 2022-2032 and surpass the value of USD 2.6 Bn by the end of 2032. The global detection equipment market is expected to be valued at USD 14 Billion, however the gas detection equipment holds a market share of 11% in it.

Report Attributes	Details
Market size value in 2021A	USD 1.4 Billion
Market value estimated in 2022E	USD 1.5 Billion
Market forecast value in 2032F	USD 2.6 Billion
Global Growth Rate (2022-2032)	CAGR 5.3%
East Asia Market Share in 2022	~32%
East Asia Market Growth Rate (2022-2032)	CAGR 4.6%
Market Share of Top 5 Companies	~40%
Key Companies Profiled	3M Company Honeywell International Inc. Emerson Electric Co. RKI Instruments, Inc. 3M Company Halma plc MSA Safety Incorporated Dragerwerk AG & Co. KGaA Fortive Corporation United Technologies Corporation General Electric Company Thermo Fisher Scientific Inc. Trolex Ltd. Gastech Australia Pty Ltd. ESP Safety Inc. Enmet LLC. Gas Measurement Instruments Limited. Analytical Technology Inc. Global Detection Systems Corp.  Sensidyne, LP Conspec Controls Inc.

With the growth in emphasis on ensuring workers’ safety across various end-use industries around the world has provided an impetus to adoption of several protective systems such as gas detection equipment. Several industrial standards, along with governmental norms and regulations implemented to ensure safety and health of laborers in manufacturing industries has necessitated requirement for gas detection equipment.

Manufacturers around the world are developing smart gas detection equipment by directing their focus toward implementation of innovative wireless technology, and robust integration of artificial intelligence (AI) and big data. Rapid adoption of smart gas detection equipment, which enable remote notifications, are likely to be a major factor contributing to expansion of the global gas detection equipment market in the near future.

As smart gas detection equipment utilize wireless technology such as ZigBee, Wi-Max, Wi-Fi, and Bluetooth, end-users are enabled to track function of the product even from remote locations at all times. Additionally, companies producing gas detection equipment have introduced innovative concepts by focusing on the enhancement of the sensitivity & efficiency of sensors in detection of harmful gases. However, market is expected to grow 1.7X over the period of 2022-2032.

The highly sensitive CO and smoke detectors impart appropriate early warning, which in turn enables prompt investigation, control, and actions before thoughtful damage. The leading players in the market have also been concentrating on the integration of sensors capable of detecting more than one gas.

Gas Detection Equipment Market Historical Outlook (2017-2021) Vs. Forecast Outlook (2022-2032)

• East Asia based gas detection equipment market is expected to have a revenue share of 32% in 2022 and is likely to reach a valuation of USD 786 Mn by 2032 with a growth rate of 4.6%.
• The North America region is presumed to hold market value of around USD 375 Mn by the end of 2022 owing to high technology adoption rate.
• The oil & gas as end user segment is expected to be valued at USD 944 Mn by 2032 with a growth rate of 5.8%.
• By type, portable segment holds a growth rate of 3.9% with the market share of 19% by the end of 2032.
• Government & military segment as end user is expected to hold market share of 12% in 2022 and is likely to reach a valuation of USD 341 Mn by the end of forecast period.
• The fixed segment by type is expected to reach a valuation of USD 2.1 Bn by the end of 2032.

How Governments Around the World Are Acting Against Gas Detection?

The government around the globe are eventually making efforts to decrease the methane emissions from oil and gas, in turn generating a demand for gas detection equipment. Fixed type of gas detection equipment is widely used to detect the methane as this type of product is vital to monitor the safety and efficiency in a range of applications.

Gas detection equipment plays a main role to minimize the damages caused due to leakage of methane through power generation, natural gas extraction and transportation. For instance, in 2020, the government of Canada committed to reduce the oil & gas methane emissions by 45% by 2025. Such activities is expected to increase the global sales of gas detection equipment’s.

How Key Industry Challenges Addressed by Increased Growth Leadership?

The gas detection industry is at different stages of growth globally. The need to comply with increasingly tough safety and environmental regulations is driving investment in toxic and combustible gas detectors among oil and gas, refining, petrochemical, and mining customers.

Industrial accidents, such as the 2010 catastrophic explosion of the Deepwater Horizon oilrig, continue to emphasize the need for better process measurements and safety warning systems. Moreover the Total’s Elgin platform gas leak that took place in March 2012 has raised serious concerns and is pushing Governments and regulatory bodies to propose stricter safety regulations. The occurrence of these incidents, across the globe, that involve hazards due to asphyxiation, explosions and threat to life are a constant reminder of the need for constant monitoring and detection solutions.

Country Wise Analysis

What’s Bolstering the Growth of Players in U.S?

The demand for gas detection equipment in U.S based industries is gaining huge traction on the back of illness caused by harmful gases such as carbon monoxide (CO) and sulfur dioxide (SO2). The U.S government have implemented mandatory regulations regarding the adoption of gas detection equipment so as to ensure health and safety of employees and workers in various manufacturing industries. U.S based gas detection equipment market will continue to dominate the North America region, in terms of value and volume.

Robust investments in R&D activities, which have driven innovation, have extensively fueled the growth of manufacturing and oil & gas industries. This has further shaped the demand for protective products such as gas detection equipment in these industries for a wide range of applications. The manufacturing and oil & gas industries will prevail as the largest end-users of gas detection equipment. However, U.S is expected to grow at a CAGR of 5.8% over the forecast period.

Why China is a pivot point for gas detection equipment manufacturers?

China is expected to dominate the gas detection equipment market in East Asia region. The rising number of Greenfield projects in China is expected to drive the sales in the country. At the same time, the increase in operations by local oil companies like National Offshore Oil Corporation of China is backing the demand for the market in the region. The China is expected to register a CAGR of 4.1% in 2022-2032.

Segment Wise Analysis

What Is The Consumption Scenario Of Portable Type Of Gas Detection Equipment?

The rising initiatives to change old and outdated type of gas detection equipment in all the industries including oil & gas and mining sector, which is favoring the progression of this market. Building automation is projected to appear as a key end-use segment for portable type of product. The portable gas detection equipment is estimated to be valued at USD 341 Mn in 2022 and is likely to grow at a CAGR of 3.9% by the end of 2032.

Which segment as end user is likely to witness accelerated growth?

Oil & gas, manufacturing, and mining are several end use industries with high possibilities of gas leakage, which can result into several destruction to employees and workplace at their respective units. The use of gas detection equipment in oil & gas industries is expected to grow 1.8X, which results to reach the valuation at USD 944 Mn by the end of 2032. 

In some serious cases, there is probability of employee’s deaths due to suffocation. In order to minimize or avoid such circumstances, numerous companies around the world are increasing the focus on integrating different safety measures like gas detection equipment. The mining as end users is expected to grow at a CAGR of 5.6% over the period of 2022-2032.

Competitive Landscape

Fact.MR has profiled the following key gas detection equipment manufacturers in its report are 3M Company, Analytical Technology Inc., Dragerwerk AG & Co. KgaA, Emerson Electric Co., Enmet LLC., ESP SAFETY INC., Fortive Corporation, Gas Measurement Instruments Limited., Gastech Australia Pty Ltd, General Electric Company, Global Detection Systems Corp., Halma plc, Honeywell International Inc., MSA Safety Incorporated, RKI Instruments, Inc., Thermo Fisher Scientific Inc., Trolex Ltd and United Technologies Corporation

Key manufacturers are constantly innovating product designs to meet the modern day challenges pertaining to components placement in the engine environment.

Key Segments Covered

• By Type :-

  • Fixed
  • Portable

• By End User :-

  • Oil & Gas
  • Mining
  • Government & Military
  • Manufacturing
  • Others

• By Region :-

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • Middle East & Africa (MEA)