The global portable gas detector market is expected to grow at a CAGR of 5.4%, during the forecast period from 2022 to 2027. The increasing demand for gas detectors by industries such as mining, oil & gas, chemical, and power, that use these devices to monitor and detect the presence of various toxic and combustible gases is driving the market. Moreover, many government regulations mandating the installation of these devices in potentially hazardous environments are also contributing to the market growth.
Key HighlightsThe global gas detectors market is moderately competitive due to the presence of many major players worldwide. With a prominent share in the market, these players are concentrating on expanding their customer base across foreign countries. These companies are leveraging strategic collaborative actions to improve their market percentage and enhance their profitability.
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