Global Gas Detection Equipment Market Size, Share, Opportunities, And Trends By Type (Fixed, Portable), By Technology (Single Gas-Detection, Multi Gas-Detection), By End-User (Oil And Gas, Chemicals And Petrochemicals, Water And Wastewater, Metal And Mining, Others), And By Geography - Forecasts From 2023 To 2028

The global gas detection equipment market is projected to grow steadily during the forecast period.

In order to detect the presence and leak of various gases in a space, gas detector equipment is widely utilized as a component of the safety system. The control system is connected to gas-detecting equipment so that in the event of a gas leak, the area can be evacuated and the working process is automatically stopped.

Over the course of the forecast period, the gas detection equipment market share is anticipated to rise steadily, especially in the industrial sector, as a result of the rising demand for gas monitoring tools to identify the presence of dangerous gases. Furthermore, the market is predicted to grow throughout the forecast period due to an increase in building worldwide.

Rising safety regulations by the government

Government organizations around the world work to reduce oil and methane gas emissions, which in turn encourages the development of gas-detecting technology. Infrared gas detection sensors are frequently used to find methane leaks in a variety of applications to monitor efficiency and safety which is increasing the global gas detection equipment market share. Further, maintaining permissible levels of occupational exposure for staff to harmful gases based on industry standards is crucial. Industries are compelled to install gas detection equipment as a result. Additionally, mitigating methane emissions is also leading to market growth.

Rising demand for portable gas detectors

These sensors monitor one or more potentially dangerous gases in a safe region. This category is in high demand because of its rising application in the oil and gas, food and beverage, pharmaceutical, and pharmaceutical industries. The fastest-growing market segment is portable gas detectors, which can remotely show commercial and industrial units. The gas detection equipment market is expanding quickly due to factors like simple installation, low cost, and safe and hygienic connections.

Expensive gas detection technology

As a component of a safety system, gas detectors assess or monitor the concentrations of poisonous gases, oxygen, and flammable gases in space. These detectors are employed in confined places or locations where exposure to such a gas could result in a hazardous exposure or fire hazard, and they often emit an alarm. The use of the aforementioned sensors depends on the applications for which gas detectors are used, which makes them expensive and hinders the global gas detection equipment market size.

Increased Demand by oil & gas industries

The increase in battery electric car sales and the expensive price of batteries (USD 156/kWh in 2020) have made it necessary to improve inverters and other power electronics in addition to vehicle performance. Companies that transport goods are additionally substituting their present fleets of vehicles with those propelled by electricity as a result of the fast-growing use of electric mobility throughout the world. Globally, governments have started to create regulations that will encourage the usage of electric vehicles. Over the projection period, there will be a rise in demand for power inverters due to the rising popularity of battery electric vehicles worldwide which is increasing the global gas detection equipment market share during the forecast period.

Increased Demand by oil & gas industries

The increase in battery electric car sales and the expensive price of batteries (USD 156/kWh in 2020) have made it necessary to improve inverters and other power electronics in addition to vehicle performance. Companies that transport goods are additionally substituting their present fleets of vehicles with those propelled by electricity as a result of the fast-growing use of electric mobility throughout the world. Governments have started to create regulations that will encourage the usage of electric vehicles. There will be a rise in demand for power inverters due to the rising popularity of battery electric vehicles worldwide which is increasing the global gas detection equipment market share during the forecast period.

Asia Pacific is projected to have the highest share in the global gas detection equipment market

The global gas detection equipment market is being led by Asia-Pacific. Due to their adaptability and convenience of use, portable gas detectors are becoming more and more popular throughout the Asia Pacific region. These detectors are perfect for use in large industrial facilities because they are simple to install and move around as needed. More precise and trustworthy gas detectors are being developed as a result of improvements in sensor technology. The expansion of activities by numerous oil corporations, notably the National Offshore Oil Corporation of China and the Oil & Natural Gas Corporation of India, is further boosting demand for the market in the area.

Market Key Developments

• In September 2022, The Draeger X-am 2800 mobile gas detector was introduced by Dräger, a German-based producer of gas detection and analysis systems. It automatically shares real-time information on the substances that emergency responders are exposed to. In order to ensure a robust and resilient design, which is essential in emergency rescue scenarios, the X-am 2800 is outfitted with a newly constructed CatEX sensor that has been officially dropped tested to a height of >2m. One may instantly send live gas readings and alarms to Dräger's Gas Detection Connect cloud service thanks to built-in Bluetooth connectivity. Users now have safe, anytime, anywhere access to important data via a web browser.
• In August 2022, Riken Keiki Co., Ltd. introduced the GX-Force, a mobile four-gas detector. The GX-Force can quickly and precisely identify combustible gases, oxygen, and dangerous gases (carbon monoxide and hydrogen sulfide) that could cause explosions, oxygen shortages, and poisoning scenarios.
• In July 2022, A major development in both fixed and portable gas detection has been made with the launch of the first fixed detector in the world equipped with a Molecular Property Spectrometer (MPS) Sensor by Crowcon Detection Instruments Ltd. of Abingdon. NevadaNano developed the MPS sensors to serve as the flammable gas detectors of the future. Up to 18 combustible gases can be detected at once using MPS.
• In April 2022, according to a Honeywell announcement, the company's new portable gas detector assembly plant in Dammam, Saudi Arabia, would be completely operational by April 2022. With the construction of this factory, Honeywell has become the first foreign business to assemble gas detectors in the Kingdom, allowing for local equipment availability, shortened lead times, and local customer service. The tools will offer a dependable and economical approach to guarantee the worker's safety, compliance, and productivity in Saudi Arabia's hazardous situations.

Global Gas Detection Equipment Market Scope:

Segmentation:

• By Type
  • Fixed
  • Portable
• By Technology
  • Single Gas-Detection
  • Multi Gas-Detection
• By End-User
  • Oil and Gas
  • Chemicals and Petrochemicals
  • Water and Wastewater
  • Metal and Mining
  • Others
• By Geography
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Indonesia
    • Thailand
    • Others