Global Gas Analyzer, Sensor & Detector Market - 2022-2029

Global Gas Analyzer, Sensor & Detector Market - 2022-2029

Market Overview

The global gas analyzer, sensor and detector market size was worth US$ XX million in 2021 and is estimated to reach US$ XX million by 2029, growing at a CAGR of XX% during the forecast period (2022-2029).

A gas detector or sensor is a device that detects the presence of gases in an area and is often used as part of a safety system. A gas detector can alarm operators in the area where the leak is occurring, allowing them to evacuate. Gas detectors are important due to the toxic nature of many gases.

Gas detectors can detect combustible, flammable and toxic gases and oxygen depletion. Gas detectors are widely used in various industries and can be found on oil rigs to monitor oil production and emerging technologies such as photovoltaics. Gas leak detection is the process of identifying hazardous gas leaks by sensors. Additionally, visual identification is made by using a thermal camera. The gas sensors usually employ an audible alarm to alert people after detecting dangerous gas. Exposure to toxic gases also occurs in painting, fumigation, fuel filling, construction, excavation of contaminated soils, landfill operations and entering confined spaces. Common sensors include combustible gas sensors, infrared point sensors, photovoltaic sensors, electrochemical gas sensors, ultrasonic sensors and metal-oxide-semiconductor sensors.

Infrared imaging sensors have recently been used in a variety of applications. Industrial plants, fumigation facilities, refineries, pharmaceutical factories, paper mills, steelmaking plants, metal refineries, shipyards, hazmat operations, waste-water treatment facilities, vehicles, indoor air quality testing, and homes use infrared sensors.

Market Dynamics

Increasingly stringent governmental regulations mainly drive the demand for gas analyzers, sensors and detectors. The high cost of installation and operation of gas detectors, analyzers and sensors is a key factor in limiting the growth of this market.

Increasingly stringent governmental regulations

Rapid industrialization and urbanization occur globally, especially in developing countries like India and China. However, rapid industrialization has brought forth its own set of challenges, such as rising emissions and deterioration of air quality. The uncontrolled emission of noxious gases, especially by metals processing and chemical industries, has been a major problem for industrializing countries.

Lax safety regulations, poor safety culture and lack of oversight have led to many industrial accidents that have caused loss of life and property. A vast majority of these accidents have been caused by the ignition of built-up gases within the industrial premises and unsafe levels of carbon monoxide.

Governments across the globe have put stringent regulations for indoor air quality. The regulations have responded to the demand to improve indoor air quality and improve the overall safety culture within industries. The regulatory compliance mandates gas analyzers, sensors and detectors and other monitoring technologies. It is a key driver of the growth of the market.

High installation and operation costs of gas analyzers, sensors and detectors

Modern gas analyzers, sensors and detectors are highly sophisticated and complex, with multiple intricate components and automated software controls. An industrial gas detection system can cost anywhere from US$300 to US$20,000, depending on features and complexity. A skilled technician is required for installation and maintenance. A large number of sensors must be installed to ensure sizable detection capacity. Therefore, the initial capital investment runs into thousands of dollars.

Highly skilled workers are required to monitor the systems. Workers must be educated to at least a technical diploma level to grasp the fundamentals of the system. The manufacturer also incurs significant expenditure to train the workforce on the system's operations. The high costs of purchasing and operating the gas analyzers, sensors and detectors relegate them to large-scale companies and prevent their adoption by small and medium enterprises. It is a key challenge for the growth of the market.

COVID-19 impact analysis

The global gas analyzer, sensor and detector market experienced were impacted due to the COVID-19 pandemic. Industrial applications saw steep declines since government-imposed lockdowns and restrictions halted manufacturing activities globally. China, a major market for gas analyzers, sensors and detectors, lifted restrictions early to kickstart the economy and demand recovered slightly towards the end of 2020.

However, Europe and North America and other countries in Asia-Pacific were hit by the second wave of the pandemic and industrial recovery slowed considerably. The manufacturing of gas sensors, detectors and analyzers is backed by a diversified supply chain with component producers in various countries. The pandemic's supply chain and logistical disruptions caused by the pandemic have caused disruptions in manufacturing gas detectors and analyzers. The demand for gas analyzers, sensors and detectors remains strong and is expected to grow gradually in the coming years.

Segment Analysis

The global gas analyzer, sensor and detector market is segmented into type, technology, end-user and region. The gas analyzer, sensor and detector market are further segmented into fixed and portable based on the type. Fixed type is leading in this segmentation since it has the most widely used. The fixed type is widely used in industrial and commercial facilities to monitor gas levels within the system. The portable type is mainly used for manual gas detection and is only preferred in emergency situations.

Geographical Analysis

Asia-Pacific is leading in the global gas analyzer, sensor and detector market. Countries such as Bangladesh, India, China, Vietnam, Thailand, Indonesia and Malaysia are experiencing rapid industrialization and urbanization. Developed countries such as Japan, South Korea and Taiwan also have large chemical and pharmaceutical industries. The chemical and pharmaceutical industries lead requires industrial water treatment. Water treatment is a key end-user of gas analyzers, sensors and detectors. Therefore, this region has the greatest demand for gas analyzers, sensors and detectors.

Food and beverage are among the largest end-users of gas analyzers, sensors and detectors. China, Japan, India and South Korea have some of the largest food processing industries in the world. India and China are also significant consumers of oil and gas due to their large populations. Both countries have a well-developed petroleum refining industry.

Petroleum refining is another major end-user for gas analyzers, sensors and detectors. Therefore, some major end-user industries for gas analyzers, sensors and detectors are located in the region. The Asia-Pacific region will continue to have the largest market share in the global Waste heat recovery system market in the coming years.

Competitive Landscape

The global gas analyzer, sensor and detector market is competitive due to the availability of a wide variety of detectors that cater to different types of end-users. Some of the major players contributing to the growth of the market are Honeywell International Inc., ABB, General Electric, Emerson Electric Co., Drägerwerk AG & Co. KGaA, AMETEK Inc., Siemens, Enerpac, Testo SE & Co. KGaA, Figaro Engineering Inc. The major players adopt several strategies like new product launches, upgradation of existing products and collaborations to contribute to growth in the industry.

Honeywell International Inc.

Overview: Honeywell International Inc. is a multinational conglomerate with a primary interest in aerospace, construction, industrial automation and performance materials. The company operates 12 production plants in 10 countries globally. The company's products are sold in more than 140 countries globally through an extensive network of distributors. Haitian International Holdings Limited was founded in 1906 and is headquartered in Charlotte, North Carolina, U.S.

Product Portfolio

Midas Gas Detector is the company's gas detector for the semiconductor processing and manufacturing industries. The detector can detect a wide range of toxic, flammable and ambient gases up to 100 feet within an enclosed space. It comes with built-in ethernet connectivity for remote operation.

Key Developments:

In 2020, Honeywell International Inc. launched Sensepoint XCL, a wireless, BlueTooth enabled gas sensor. It is meant for domestic application and can detect gases such as ammonia, carbon monoxide and methane.

Why Purchase the Report?

Visualize the composition of the gas analyzer, sensor and detector market segmentation by the type, technology, end-user and region, highlighting the critical commercial assets and players.

Identify commercial opportunities in the gas analyzer, sensor and detector market by analyzing trends and co-development deals.

Excel data sheet with thousands of global gas analyzer, sensor and detector market-level 4/5 segmentation data points.

PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.

Product mapping in excel for the critical product of all major market players

The global gas analyzer, sensor and detector market report would provide access to an approx.: 58 market data tables, 65 figures and 198 pages.

Target Audience 2022

Gas analyzer, sensor and detector manufacturers

Oil and gas industries

Food and beverage manufacturers

Automotive component manufacturers

Industry Investors/Investment Bankers

Education & Research Institutes

Research Professionals