Gas Detection Equipment Market to Grow with a CAGR of 9.79% Globally through to 2028
Gas Detection Equipment is increasing due to strict
safety regulations and growing industrialization globally in the forecast
period, 2024-2028.
According to TechSci Research report, “Global Gas
Detection Equipment Market - Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2028. Global Gas Detection Equipment market has witnessed
tremendous growth in recent years, reaching a valuation of USD 4.36 billion in
2022. The market is projected to continue its strong upward trajectory, posting
a CAGR of 9.79% from 2024 to 2028. Gas detection equipment solutions have gained
significant prominence in recent years owing to their widespread adoption
across diverse industries globally. Critical sectors such as oil & gas,
chemicals, utilities recognize gas detectors as vital tools for ensuring
workplace safety and regulatory compliance.
Stringent gas monitoring standards governing employee
health and process safety have compelled organizations to invest heavily in
advanced gas detection platforms. Industries like manufacturing and mining rely
on robust gas detection capabilities to ensure compliance with safety
requirements.
To address unique monitoring needs, companies are
partnering with leading gas detection equipment providers to develop customized
solutions. These collaborations have resulted in integrated offerings
empowering wireless monitoring, data analytics capabilities and streamlined
emergency response workflows. Advanced gas detection platforms equipped with
IoT, predictive analytics and automation are enabling proactive hazard
identification and risk mitigation.
The development of innovative sensor technologies such
as multi-gas detection, longer battery life and expanded monitoring parameters
is also fueling market growth. Such innovations allow evaluating broader
aspects of workplace hazards.
Integration of gas detection capabilities with process
control systems and digital networks are poised to revolutionize safety
management. This fusion of technologies promises improved situational
awareness, reduced downtime from leaks and optimized compliance.
Government support through regulations mandating best
practices in hazard monitoring and emergency response will continue driving
investments in intelligent safety infrastructure. As industries increasingly
rely on data-driven operations, demand for advanced gas detection solutions is
projected to rise.
In conclusion, the global gas detection equipment
market is undergoing rapid transformation led by widespread adoption across
sectors. Strong industry drivers and focus on compliance and risk mitigation
point towards continued market expansion in the coming years.
Browse over 26 market data Figures
spread through 91 Pages and an in-depth TOC on "Gas Detection Equipment Market.”
The global gas detection equipment
market is segmented by product type, gas type, end-use industry and region.
By product type, the market is segmented
into fixed gas detection equipment and portable gas detection equipment. The
portable gas detection equipment segment currently dominates with over 50%
market share due to advantages like mobility, flexibility and ease of use.
However, the fixed gas detection equipment segment is expected to grow at the
fastest pace during the forecast period.
By gas type, the market covers oxygen,
flammable, toxic and other gases. The toxic gas detection equipment segment
presently accounts for over 30% of the market as toxic gases pose severe health
hazards. Meanwhile, the oxygen gas detection equipment segment is poised to
witness highest growth during the forecast period.
By end-use industry, the key segments
include oil & gas, mining, building automation & construction,
manufacturing and others. The oil & gas industry holds the largest share of
more than 20% owing to stringent regulatory standards. The building automation
& construction industry is projected to exhibit fastest growth during the
forecast period.
Regionally, North America currently
leads the global gas detection equipment market with over 35% share driven by
well-established industrial sector. On the other hand, Asia Pacific region is
anticipated to emerge as the fastest growing regional market.
In summary, while portable gas detectors
and the oil & gas industry currently dominate their respective segments,
fixed gas detectors and building automation & construction industry are
expected to demonstrate highest growth rates during the forecast period.
Major companies operating in Global Gas Detection
Equipment Market are:
- Tyco International plc
- MSA Safety Incorporated
- RKI Instruments, Inc
- General Electric Co.
- Emerson Electric Company
- Thermo Fisher Scientific Inc
- Dragerwerk AG & Co. KGaA
- Siemens AG.
- Honeywell International Inc.
- United Technologies
Corporation.
Download Free Sample Report
Customers can also request for 10%
free customization on this report.
“Global Gas Detection Equipment market has witnessed
significant expansion driven by increasing digital transformation initiatives
across industries. Public sector organizations have increasingly relied on
advanced gas detection solutions to optimize workplace safety and regulatory compliance
through data-driven insights.
Gas detection solutions enable real-time access to
centralized monitoring systems, analytics capabilities and personalized
emergency response experiences. This allows agencies to generate predictive
hazard analysis, automate compliance workflows and ensure safety regulations
are followed. Such solutions help customize safety programs, streamline
processes for cost savings and strengthen overall controls.
Leading public entities have partnered with major gas
detection equipment vendors to digitally transform their safety and risk
management functions. The solutions improve cross-departmental collaboration,
provide situational awareness through mobile access and facilitate regulatory
compliance management.
Vendors continue advancing their solutions through
innovations in areas like IoT, cloud and cybersecurity. This ensures secure,
scalable and interoperable solutions for diverse public sector safety needs.
Ongoing R&D and growing acceptance of data-driven
strategies indicate gas detection solutions will play an increasingly important
role in optimizing public sector operations. Partnerships and compliance with
emerging standards are expected to sustain the high growth momentum of this
market. The long-term outlook for gas detection equipment in the public sector
remains positive.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based management consulting firm.
“Gas
Detection Equipment Market by
Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented
By Product Type (Fixed Gas Detection Equipment, Portable Gas Detection
Equipment), By Gas Type (Oxygen, Flammable, Toxic, Others), By End-Use Industry
(Oil & Gas, Mining, Building Automation & Construction, Manufacturing, Others)
By Region, By Competition”, has evaluated the future growth potential of Global
Gas Detection Equipment Market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Gas Detection Equipment Market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York 10017
Tel: +1-646-360-1656
Email: [email protected]
Website: www.techsciresearch.com