Portable Gas Leak Detector Market
Growth Factors of Portable Gas Leak Detector Market
The portable gas leak detector market size was valued at USD 3.03 billion in 2022, and the market is now projected to grow from USD 3.19 billion in 2023 to USD 4.78 billion by 2030, exhibiting a CAGR of 6.0% during the forecast period of 2023-2030.
The COVID-19 has significantly disrupted several sectors. It has adversely affected the economies of developed and emerging markets. The portable gas leak detector market growth was affected due to the temporary shutdown of the manufacturing units and shortage of workers. The unavailability of raw materials and changing demand of customers has hampered the market growth.
The portable gas leak detector market share globally has enlarged due to the rising focus on occupational safety and industrialization. The enduring commercial enterprise in budding economies is intensifying the operations of existing industries. The requirement for devices in various sectors facilities to ensure early detection of potentially hazardous gases has become vital. The strict safety regulations in business to guarantee professional security led to an increased implementation of this tool.
The trend of enhanced user interface and IoT integration to boost product demand for commercial use is propelling the market growth. Transportable gas sensor manufacturers are alert on incorporating wireless connectivity and IoT technology. These technologies facilitate real-time examining and data logging. It helps in accessing the systems that can be remotely controlled. Thereby, they are improving the efficiency and effectiveness of detectors.
Comprehensive Analysis of Portable Gas Leak Detector Market
The portable gas leak detector market and machinery and equipment industry is rising at an exponential rate because of its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the machinery and equipment industry. These segmentations are methodically segregated by types of sensor type, technology, product type, and end-user. The sensor types include electrochemical, catalytic bead sensors, photoionization, infrared point, optical, ultrasonic, and others. The technology includes single gas and multi gas. The product type is wearable and non-wearable. The end-user includes electronics, oil and gas, energy and power, steel, shipbuilding and shipping, firefighting and rescue, civil engineering and construction, and others (laboratory).
The Asia Pacific region is conducive to the global portable gas leak detector market leading to a recall of USD 0.99 billion due to the strong expansion of gas infrastructure across developed countries and the booming economy of India owing to its transition to Liquefied Natural Gas (LNG) is supporting the market growth.
The top players in the market play a crucial role in the machinery and equipment industry assuring industrial prospectus growth and setting market standards. These players include, Draeger (Germany), Bacharach (U.S.), Emerson Electric (U.S.), ABB Ltd. (Switzerland), General Electric (U.S.), Honeywell International (U.S.), Danfoss (Denmark), RIKEN KEIKI (Japan), PCE Deutschland GmbH (Germany), SENSIT Technologies (U.S.), and Senko Co., Ltd (Japan), these market players provide a level-playing competitive landscape.
In May 2023, Industrial Scientific introduced the Ventis Pro5 cellular multi-gas monitor in Europe and the UAE. This monitor enables clients to immediately transmit data to live monitoring software. It offers quick visibility into worker and site safety.
Segmentation Table
Global Portable Gas Leak Detector Market Scope
ATTRIBUTE DETAILS
Study Period 2019-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2019-2021
Growth Rate CAGR of 6.0% from 2023 to 2030
Unit Value (USD Billion)
Segmentation By Sensor Type, Technology, Product Type, End-user, and Region
Segmentation
By Sensor Type
Electrochemical
Catalytic Bead Sensors
Photo-ionization
Infrared Point
Optical
Ultrasonic
Others
By Technology
Single Gas
Multi Gas
By Product Type
Wearable
Non-Wearable
By End-user
Oil and Gas
Energy and Power
Electronics
Steel
Shipbuilding and Shipping
Firefighting and Rescue
Civil Engineering and Construction
Others (Laboratory)
By Region
North America (By Sensor Type, By Technology, By Product Type, By End-user, and By Country)
U.S. (By End-user)
Canada (By End-user)
Mexico (By End-user)
Europe (By Sensor Type, By Technology, By Product Type, By End-user, and By Country)
U.K. (By End-user)
Germany (By End-user)
France (By End-user)
Italy (By End-user)
Spain (By End-user)
Russia (By End-user)
Rest of Europe
Asia Pacific (By Sensor Type, By Technology, By Product Type, By End-user, and By Country)
China (By End-user)
India (By End-user)
Japan (By End-user)
South Korea (By End-user)
ASEAN (By End-user)
Rest of Asia Pacific
Middle East and Africa (By Sensor Type, By Technology, By Product Type, By End-user, and By Country)
Israel (By End-user)
GCC (By End-user)
South Africa (By End-user)
Rest of Middle East and Africa
South America (By Sensor Type, By Technology, By Product Type, By End-user, and By Country)
Brazil (By End-user)
Argentina (By End-user)
Rest of South America
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