Gas Leak Detector Market, By Product Type (Fixed Gas Leak Detector and Portable Gas Leak Detectors), By Application (Industrial (Oil & Gas, Chemicals, and Power Generation), Commercial Establishment (Shopping Malls, Hotels, and Other), Residential, Other)

Gas Leak Detector Market, By Product Type (Fixed Gas Leak Detector and Portable Gas Leak Detectors), By Application (Industrial (Oil & Gas, Chemicals, and Power Generation), Commercial Establishment (Shopping Malls, Hotels, and Other), Residential, Other), By Technology (Electrochemical, Infrared, Semiconductor/MOS, Ultrasonic, Other (Holographic, etc.) and by Region (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

A gas leak detector is an electronic device that detects the presence of gas leak or other emissions in the area. Gas leak detection is the process of identifying potentially hazardous gas leaks by sensors. A gas leak detector can sound an alarm to operators in the area where gas has been leaked, providing them ample time to leave. These detectors are used in various industries such as oil & gas industry, pharmaceutical manufacturing, refineries, mining, paper pulp mills, industrial plants, and waste-water treatment facilities are various factors complementing the adoption of gas leak detectors, which include growing applications in the oil and gas industry, strict regulatory norms, increasing consumption of industrial gases, increasing development of infrastructure, and others.
Market Dynamics
The global gas leak detector market is expected to grow significantly during the forecast period. As Gas leak detectors are one of the many must-have devices in the oil & gas industry. These are necessary for protection from personnel and property hazards, which can be caused due to deadly, toxic, and combustible gases. Gas leak detectors are used in various industries such as chemical, oil and gas, and others to detect toxic and flammable gas leaks. In order to protect the employees and property, it is mandatory to deploy gas leak detector in the facility. For instance, according to the Australia/New Zealand standard AS/NZS60079.29.2:2008, it is mandatory to install a gas detector as per work regulations, to detect flammable gases and oxygen. Furthermore, this Indian Standard (Part 29/Sec 2) based on IEC 60079-29-2:2007, it is mandatory to install, use, and maintenance of detectors for flammable gases and oxygen Thus, these factors are expected to support the market growth over the forecast period.
Industrial segment accounted for the largest market share in 2021. The segment was valued at US$ 2,027.9 Mn in 2021 and is expected to exhibit a CAGR of 5.8% over the forecast period (2021 to 2028). Commercial Establishment segment is expected to exhibit 5.4% CAGR over the forecast period.
Key features of the study:
This report provides in-depth analysis of global gas leak detector market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2022 - 2028), considering 2021 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by the leading market players
It profiles leading players in the global gas leak detector market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans
Companies covered as a part of this study include MSA - The Safety Company, Honeywell International Inc., Drägerwerk AG & Co. KgaA, Testo SE & Co. KGaA, PSI Software AG, BRIDGER PHOTONICS, Siemens, Xylem Inc., Emerson Electric Co., Schneider Electric SE, Industrial Scientific, Yokogawa Electric Corporation, and Halma plc.
Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics
The global gas leak detector market report caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global gas leak detector market
Detailed Segmentation
Global Gas Leak Detector Market, By Product Type:
Fixed Gas Leak Detector
Portable Gas Leak Detector
Global Gas Leak Detector Market, By Application:
Industrial
Oil & Gas
Chemicals
Power Generation
Commercial Establishment
Shopping Malls
Hotels
Others
Residential
Others
Global Gas Leak Detector Market, By Technology:
Electrochemical
Infrared
Semiconductor
Ultrasonic
Others (Holographic, etc.)
Global Gas Leak Detector Market, By Region:
North America
By Product Type:
Fixed Gas Leak Detector
Portable Gas Leak Detector
By Application:
Industrial
Oil & Gas
Chemicals
Power Generation
Commercial Establishment
Shopping Malls
Hotels
Others
Residential
Others
By Technology:
Electrochemical
Infrared
Semiconductor/MOS
Ultrasonic
Other (Holographic, etc.)
By Country:
U.S.
Canada
Asia Pacific
By Product Type:
Fixed Gas Leak Detector
Portable Gas Leak Detector
By Application:
Industrial
Oil & Gas
Chemicals
Power Generation
Commercial Establishment
Shopping Malls
Hotels
Others
Residential
Others
By Technology:
Electrochemical
Infrared
Semiconductor/MOS
Ultrasonic
Others (Holographic, etc.)
By Country:
China
India
Japan
Australia & New Zealand
South Korea
Rest of Asia Pacific
Europe
By Product Type:
Fixed Gas Leak Detector
Portable Gas Leak Detector
By Application:
Industrial
Oil & Gas
Chemicals
Power Generation
Commercial Establishment
Shopping Malls
Hotels
Others
Residential
Others
By Technology:
Electrochemical
Infrared
Semiconductor/MOS
Ultrasonic
Others (Holographic, etc.)
By Country:
Germany
Italy
U.K.
France
Spain
Russia
Rest of Europe
Latin America
By Product Type:
Fixed Gas Leak Detector
Portable Gas Leak Detector
By Application:
Industrial
Oil & Gas
Chemicals
Power Generation
Commercial Establishment
Shopping Malls
Hotels
Others
Residential
Others
By Technology:
Electrochemical
Infrared
Semiconductor/MOS
Ultrasonic
Others (Holographic, etc.)
By Country:
Brazil
Mexico
Argentina
Rest of Latin America
Middle East and Africa
By Product Type:
Fixed Gas Leak Detector
Portable Gas Leak Detector
By Application:
Industrial
Oil & Gas
Chemicals
Power Generation
Commercial Establishment
Shopping Malls
Hotels
Others
Residential
Others
By Technology:
Electrochemical
Infrared
Semiconductor/MOS
Ultrasonic
Others (Holographic, etc.)
By Country/Region:
GCC Countries
South Africa
Rest of Middle East and Africa
Company Profiles
MSA - The Safety Company*
Company Overview
Product Portfolio and Specifications
Financial Performance
Strategic Overview
Recent Developments/Updates
Honeywell International Inc.
Drägerwerk AG & Co. KgaA
Testo SE & Co. KGaA
PSI Software AG
BRIDGER PHOTONICS
Siemens
Xylem Inc.
Emerson Electric Co.
Schneider Electric SE
Industrial Scientific
Yokogawa Electric Corporation
Halma plc
“*” marked represents similar segmentation in other categories in the respective section.