PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1490891
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1490891
Gas Detector Market Size - By Installation, By End-use Industry, By Type & Forecast, 2024 - 2032
Gas Detector Market size is estimated to register over 5% CAGR between 2024 and 2032, driven by stringent regulations and safety standards implemented across various industries, such as oil & gas, chemical, mining, and manufacturing. These regulations are mandating the continuous monitoring of potentially hazardous gases to ensure workplace safety and prevent accidents. Subsequently, companies are investing in advanced gas detection technologies to comply with regulatory requirements and safeguard their workforce and assets.
The rapid industrialization and urbanization witnessed in emerging economies, particularly in Asia-Pacific and Latin America is fueling the adoption of gas detection solutions. As per reports, currently, more than half of the world's population resides in urban regions. It is projected that by 2045, the global urban population will reach a total of 6 billion people.
With the expansion of industrial facilities, construction projects, and infrastructure development, there is an increased risk of gas-related incidents necessitating the deployment of reliable gas detection systems to mitigate potential hazards. Rising advancements in sensor technology, wireless connectivity, and data analytics have also enhanced the capabilities and effectiveness of gas detectors for enabling real-time monitoring, remote access, and predictive maintenance.
The gas detector industry is classified into type, installation, end-use industry and region.
Based on type, the market share from the ultrasonic segment is anticipated to witness substantial growth through 2032. These gas detectors offer non-intrusive and highly sensitive detection capabilities, allowing the detection of gas leaks in enclosed spaces without the need for direct contact with the gas source. Ultrasonic gas detectors are also unaffected by environmental factors, such as wind, humidity, or temperature variations whilst ensuring reliable and accurate detection even in harsh conditions.
With respect to end use industry, the gas detector market from the energy & power segment is anticipated to observe a significant CAGR during 2024-2032. This is due to the growing emphasis on implementing robust gas detection systems to ensure the safety of personnel, assets, and the environment. The expansion of energy infrastructure projects, including oil & gas exploration, refining facilities, power plants, and pipelines is propelling the demand for gas detectors to monitor potentially hazardous gases like methane, hydrogen sulfide, and carbon monoxide.
Asia Pacific gas detector industry will record impressive growth at over 4.5% CAGR from 2024-2032, attributed to rapid industrialization and urbanization in countries like China, India, and Southeast Asian nations. As these industries expand, there is a greater need to ensure workplace safety and comply with environmental regulations. The vulnerability to natural disasters, including earthquakes, tsunamis, and industrial accidents is also enhancing the importance of effective gas detection solutions to mitigate risks and improve emergency response capabilities, stimulating the regional market growth.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definitions
- 1.2 Base estimates & calculations
- 1.3 Forecast calculations
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Industry 360 degree synopsis, 2018 - 2032
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Supplier landscape
- 3.3 Profit margin analysis
- 3.4 Technology & innovation landscape
- 3.5 Patent analysis
- 3.6 Key news & initiatives
- 3.7 Regulatory landscape
- 3.8 Impact forces
- 3.8.1 Growth drivers
- 3.8.1.1 Growing demand for gas detectors in industrial applications
- 3.8.1.2 Increasing adoption of gas detection systems in oil & gas facilities
- 3.8.1.3 Rising concerns about environmental pollution
- 3.8.1.4 Growing technological advancements enhancing the efficiency and accuracy of gas detectors
- 3.8.1.5 Growing emphasis on worker health and safety standards
- 3.8.2 Industry pitfalls & challenges
- 3.8.2.1 Maintenance requirements
- 3.8.2.2 Compatibility issues
- 3.8.1 Growth drivers
- 3.9 Growth potential analysis
- 3.10 Porter's analysis
- 3.10.1 Supplier power
- 3.10.2 Buyer power
- 3.10.3 Threat of new entrants
- 3.10.4 Threat of substitutes
- 3.10.5 Industry rivalry
- 3.11 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Type, 2018 - 2032 (USD Million and Units)
- 5.1 Key trends
- 5.2 Electrochemical
- 5.3 Photo-ionization
- 5.4 Infrared
- 5.5 Ultrasonic
- 5.6 Others
Chapter 6 Market Estimates & Forecast, By Installation, 2018 - 2032 (USD Million and Units)
- 6.1 Key trends
- 6.2 Fixed
- 6.3 Portable
Chapter 7 Market Estimates & Forecast, By End-Use Industry, 2018 - 2032 (USD Million and Units)
- 7.1 Key trends
- 7.2 Chemicals and petrochemicals
- 7.3 Energy & power
- 7.4 Metal and mining
- 7.5 Oil and gas
- 7.6 Water and wastewater
- 7.7 Residential building
- 7.8 Commercial building
- 7.9 Others
Chapter 8 Market Estimates & Forecast, By Region, 2018 - 2032 (USD Million and Units)
- 8.1 Key trends
- 8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
- 8.3 Europe
- 8.3.1 UK
- 8.3.2 Germany
- 8.3.3 France
- 8.3.4 Italy
- 8.3.5 Spain
- 8.3.6 Russia
- 8.3.7 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 ANZ
- 8.4.6 Rest of Asia Pacific
- 8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Rest of Latin America
- 8.6 MEA
- 8.6.1 UAE
- 8.6.2 Saudi Arabia
- 8.6.3 South Africa
- 8.6.4 Rest of MEA
Chapter 9 Company Profiles
- 9.1 ABB Ltd.
- 9.2 Crowncon Detection Instruments Limited
- 9.3 Dragerwerk AG & Co. KGaA
- 9.4 Emerson Electric Company
- 9.5 General Electric
- 9.6 Hanwei Electronics Group Corporation
- 9.7 Honeywell International Inc.
- 9.8 Industrial Scientific Corporation
- 9.9 International Gas Detectors Ltd.
- 9.10 MSA Safety Inc.
- 9.11 New Cosmos Electric Co. Ltd.
- 9.12 Robert Bosch GmbH
- 9.13 Sensidyne LP
- 9.14 SENSIT Technologies, LLC
- 9.15 Trolex Ltd.
