Gas Detection Equipment Market Forecasts to 2028 – Global Analysis By Product Type (Portable Gas System and Fixed Gas System), Technology (Multi-Gas Detection, Single-Gas Detection and Other Technologies), Gas Type (Oxygen, Flammable and Other gas types),

Gas Detection Equipment Market Forecasts to 2028 – Global Analysis By Product Type (Portable Gas System and Fixed Gas System), Technology (Multi-Gas Detection, Single-Gas Detection and Other Technologies), Gas Type (Oxygen, Flammable and Other gas types), End User and Geography

According to Stratistics MRC, the Global Gas Detection Equipment Market is accounted for $3.95 billion in 2022 and is expected to reach $5.86 billion by 2028 growing at a CAGR of 6.8% during the forecast period. Equipment for gas detection aids in lowering the risks of toxic fumes in the residential, commercial, and industrial sectors. The use of the gas detection equipment is possible as a component of a comprehensive, integrated monitoring and safety system, which also incorporates other safety features like fire detection and emergency process shutdown.

According to BP Statistics, crude oil consumption reached 94,088 thousand barrels per day worldwide in 2021. The increasing demand for crude oil is expected to drive the demand for gas detection systems. According to the Oil & Gas Journal, ""companies that are using advanced technologies to manage safety and operations performance are reported to have 8% less unscheduled asset downtime (over those who do not), experience a 13% reduction in compliance-related costs, 8% fewer regulation citations, and realize operating margins 2% or greater than targeted in the corporate plan.

Market Dynamics:

Driver:

Implementation of stringent safety regulations

Government organisations around the world are working 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. 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.

Restraint:

High cost of gas detection equipment

As a component of a safety system, gas detectors assess or monitor the concentrations of poisonous gases, oxygen, and flammable gases in a space. These detectors are employed in confined spaces or other places where exposure to such a gas could present a fire risk or toxic exposure, and they often emit an alarm. The use of the aforementioned sensors depends on the applications for which gas detectors are used, such as thermal conductivity gas sensors, MEMS pellistors, catalytic pellistors, infrared gas sensors, metal oxide gas sensors, indoor air quality sensors, and electrochemical gas sensors. The development of gas sensors requires a costly fabrication procedure in order to attain great reproducibility and repeatability.

Opportunity:

Penetration of Wireless Technology

The need for wireless technologies is increasing as a result of developments in the wireless communications industry, and Bluetooth-enabled gas detection equipment is becoming increasingly widespread. Using this wireless technology, users can share real-time air performance measurements with their staff. Many businesses are working together to create gas detection devices with Bluetooth capabilities. As a proof-of-concept for ambient air monitoring applications, malodour olfactometric control, and landfill gas monitoring, some businesses are developing portable sensor systems based on solid-state gas sensors. an open-access Wi-Fi wireless system for monitoring ambient gases based on many types of gas sensors with SPI digital output. The digital sensors matrix enables the employment of various types of sensors to a specially developed data exchange protocol for digital intellectual sensors (DIS), which consists of four sensors.

Threat:

Technical challenges in the production

High signal-to-noise ratio, filter shift with temperature and angle, and repeatability are a few of the frequent problems that gas detector manufacturers encounter on a regular basis during the manufacturing process. Additionally, one of the most important problems that gas detector manufacturers are facing is the separation of signal from noise, which is a key function of optical filters. If filters do not block noise and transmit the necessary signals, detectors may send false signals or fail to detect signals. Since optical filters that do not have the required tolerance for them may limit or restrict transmission signals for gas detectors, achieving repeatability from one optical filter lot to the next lot also causes some significant problems with gas detector makers. Due to the fact that gas detectors are rarely used in ideal surroundings with ideal temperatures, filter shift with temperature and angle is another significant problem that gas detector makers must cope with. Real-time temperature fluctuations may cause these gas detectors' centre wavelengths to move, producing erroneous positive or negative findings.

Covid-19 Impact

The COVID-19 epidemic has had a negative impact on the market for gas detection equipment and will continue to pose threats. The pandemic and the ensuing economic unpredictability had a detrimental effect on the market for gas detection equipment in most countries and among different clients. For instance, Siemens' portfolio of businesses, which consists of companies that offer a wide range of specialised and application-specific products, exhibited a delayed response to market demands. Governments all across the world have implemented COVID-19-related measures, including travel restrictions, business closures, bans on group gatherings and events, shelter-in-place orders, curfews, and advice to adopt social seclusion. These limitations have caused activity to weaken and manufacturing plants to temporarily close.

The portable gas systems segment is expected to be the largest during the forecast period

The portable gas systems segment is estimated to have a lucrative growth, due to their remote monitoring capabilities, portable gas detectors are more in demand than conventional fixed gas detectors in industrial and commercial settings. Benefits including simplicity of use, affordability, and safe and simple connections provided by portable gas detection equipment are simultaneously fueling the segment's expansion. Environmental agencies frequently use these detectors to check the gas emissions from public transportation.

The oil & gas segment is expected to have the highest CAGR during the forecast period

The oil & gas segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the growth of the oil refining industry. Nontoxic, hazardous, and toxic gases are used or produced in oil refineries, LPG/LNG facilities, processing plants, pipelines, storage farms, and offshore platforms. When harmless gases build up in large quantities, the oxygen in the air is depleted; this can cause employees to experience hypoxia. As a result, gas detection equipment is essential for reducing a variety of dangers and hazards in the oil and gas industry.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to the region's large number of chemical production facilities, developed petroleum industry, sizeable manufacturing sector, strong industrial demand, and high concentration of important players. Due to the improved economic conditions in developing countries, the market is gradually expanding in this region. In addition, it is anticipated that demand for gas detection equipment will rise in the upcoming years due to China, India, and Japan's rapid infrastructure construction and rising investments in safety and security.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, owing to the presence of a sizable oil and gas pipeline network and oil and gas refineries in nations like the United States and Canada is encouraging for the market's expansion. Additionally, the region's market is expanding due to the rising demand for the safety and security of workers who are frequently exposed to dangerous gases and increasing requirement to minimise mishaps brought on by gas leaks.


Key players in the market

Some of the key players profiled in the Gas Detection Equipment Market include Honeywell International Inc., General Electric Company, Siemens Ag, Emerson Electric Co., Thermo Fisher Scientific Inc., Conspec Controls Inc., Industrial Scientific Corporation., Sensor Electronics Corporation, MSA SAFETY INC., Drägerwerk AG & Co. KGaA., Riken Keiki Co., Ltd., RAE Systems Inc., ESP Safety Inc., Tyco International, Airtest Technologies and Trolex Ltd.

Key Developments:

In August 2022, Riken Keiki Co., Ltd. launched the GX-Force, a portable four-gas detector. The GX-Force can quickly and reliably detect combustible gases, oxygen, and toxic gases (carbon monoxide and hydrogen sulfide) that can cause explosion/oxygen deficiency/poisoning incidents.

In October 2021, Honeywell released two new Bluetooth-connected gas detectors that can deliver continuous monitoring for dangerous gases even in fog, rain, snow, and other inclement weather.

In June 2021, General Electric research developed Compact Vapor Chemical Agent Detector (CVCAD), a wearable detector to give first responders early warning of dangerous chemicals in the air.

In October 2020, Emerson has acquired Progea Group, an industry-leading provider of industrial internet of things (IIoT), plant analytics, human-machine interface (HMI), and supervisory control and data acquisition (SCADA) technologies. This acquisition has helped bridge a critical customer technology gap by lowering the total cost of ownership and reducing the barriers to working across multiple vendors to drive more successful digital transformation and integration.

Product Types Covered:
• Portable Gas System
• Fixed Gas System
• Other Product Types

Technologies Covered:
• Multi-Gas Detection
• Single-Gas Detection
• Infrared (IR)
• Laser-based Detection
• Photo ionization Detector (PID)
• Semiconductor
• Catalytic
• Other Technologies

Gas Types Covered:
• Oxygen
• Flammable
• Toxic
• Other Gas Types

End Users Covered:
• Medical
• Industrial
• Oil & Gas
• Mining
• Automotive
• Chemicals & Specialty Chemicals
• Food & Beverages
• Building Automation & Construction
• Water Treatment
• Emergency Services
• Power Generation/Utilities
• Commercial
• Environmental
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements