Gas Detection Equipment Market
Gas Detection Equipment Market (Product Type - Fixed Gas System, Portable Gas System; Gas Type - Oxygen, Flammable, Toxic; Technology - Single Gas Detection, Multi Gas Detection; Industry Vertical- Oil and Gas, Chemicals and Specialty Chemicals, Mining, Water Treatment, Emergency Services, Semiconductors, Building Automation and Construction, Food and Beverages, Power Generation/Utilities) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2027
Press Release :
Global Gas Detection Equipment Market: Snapshot
Increasing awareness towards the worker safety in manufacturing units including medical, oil & gas, mining, refining and other industries is expected to boost the market growth. The product has the ability to identify the presence of harmful gases in the environment and raise an alarm to prevent accidents. Increasing investment in research and development activities by key companies will lead to an increased product efficiency is stoking demand for newer equipment. Different government bodies and industry associations have formulated regulations that need to adhere to maintain a safe work environment.
Global market for gas detection equipment market is expected to increase with a CAGR of 4.9% between 2019 and 2027. The global gas detection market is fragmented in nature with the presence of many small and medium manufacturers. This is leading to reduced profits of established players thereby resulting in decline in investments. The growth of gas detection equipment market is thus impacted.
Request a sample to get extensive insights into the Gas Detection Equipment Market
Single Gas Detection Technology Accounted For a Major Market Share
Global gas detection equipment market has been segmented on the bases of product type, technology, type of gas, end-use, sensor technology, and geography. Product type segment has been bifurcated into portable gas detector and fixed gas detector. Fixed gas detector segment accounted for the largest market share in 2018. However, portable gas detector segment is expected to grow with a higher pace in coming years.
To understand how our report can bring difference to your business strategy, Ask for a brochure
The end-use segment is categorized into oil and gas, mining, industrial, building automation, and others are the segments into which the gas detection equipment market is classified. Out of these, industrial is the leading end-use segment of the gas detection equipment market. The sensor technology is segmented into electrochemical, metal oxide, infrared, catalytic, zirconia, and others. Of them, electrochemical is the leading segment in the overall market; the electrochemical segment is anticipated to hold on to its lead position in 2018.
With respect to the gas type, market segmentations are combustible, oxygen, toxic, and dedicated. Combustible segment held to be the largest share in gas detection equipment market. By type of gas detection technology, single gas and multi gas are the segments into which the gas detection equipment market is divided. Between them, single gas detection technology segment holds dominance in the overall market.
Asia Pacific Expected To Grow With A Higher Growth Rate
Major players operating in the global gas detection equipment market are
- Drägerwerk AG & Co.
- ESP Safety Inc.
- Troloex Ltd.
- Industrial Scientific Corp.
- MSA Safety Inc.
- RAE Systems Inc.
- GE Measurement & Control Solution
- Schauenburg Group
- Honeywell International Inc.
- Siemens AG
- Riken Keiki Co. Ltd.
- SE Electronics.
Stuck in a neck-to-neck competition with other brands? Request a custom report on Gas Detection Equipment Market
In terms of geography, global gas detection equipment market is divided into North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. North America, among them, holds supremacy in the gas detection equipment market. Stringent government regulations for workplace safety in several countries of the region is the primary factor behind the lead position of North America. However, over the forecast period between 2019 and 2027, Asia Pacific is anticipated to display the leading CAGR in the gas detection equipment market.
Global gas detection equipment market is expected to grow with a significant pace in coming years. Growing investment towards plant safety in manufacturing units has created a new market opportunity to this industry. The product have a vast usage in chemical industry where it is used to test the density of gas chambers. The growing relevance of gaseous substances in wastewater treatment has emerged as a resilient dynamic of market growth.
It has been observed that toxic chemicals and gas manufacturing units need to be wary of the safety standards and regulations meant to protect life and property. Therefore, installation of gas detection equipment has become a matter of integrity for these industrial units.
The product finds its utility in different end use applications. Increasing awareness towards the worker safety is driving the market demand. Companies operating in the global gas detection equipment market are expected to capitalize on the oil and gas industry. As the industrial sector increases its spending on cutting-edge technologies, along with the use of gas detection equipment is slated to increase.
Global Gas Detection Equipment Market: Overview
Global gas detection equipment market provides analysis for the period 2017–2027, wherein 2018 is the base year and the period from 2019 to 2027 is the forecast period. Data for 2017 has been included as historical information. The report covers market dynamics including drivers, restraints, opportunities, trends, policy and regulations, and technology advancement that are expected to influence the expansion of the gas detection equipment market during the said period. The study provides a comprehensive analysis on market growth throughout the above forecast period in terms of value estimates (US$ Mn and Thousand Units) across different geographies.
Global Gas Detection Equipment Market: Trends and Opportunities
One of the major factors driving the sales of gas detection equipment at global level is the growing adoption of handheld gas detectors and government policies and regulations for personal protection and safety. Furthermore, companies in this industry are working towards technological advancements which can lead to increased product efficiency of the newer equipment.
It has been observed that the product has a huge usage in petroleum, oil & gas, refining and mining industry. Asia Pacific, Middle East & Africa, and South America regions are expected to grow with a higher CAGR in coming years. Governments are also focused on adhering to safety procedures regularized by the International Labor Organization (ILO) norms that emphasizes on reinforcing the poor safety management that could possibly lead to losses and workplace danger. Many industries such as oil and gas, utility service providers, emergency service, water treatment, and others such as mining and semiconductors are widely adopting gas detection devices to provide safety and health in hazardous environments to protect their employees.
Global Gas Detection Equipment Market: Key Segments
Global gas detection equipment market has been segmented on the basis of product type, gas type, technology, industry vertical and geography. The product type segment has been categorized into fixed gas detection system and portable gas detection system. The market has been segmented into the gas type, where the sub segments are oxygen, flammable, and toxic gas detection equipment. Based on technology, the global gas detection equipment market is segmented into single gas detection equipment and multi gas detection equipment. In terms of industry vertical, the market is segmented into oil & gas, chemicals & specialty chemicals, mining, water treatment, emergency services, semiconductors, building automation and construction, food and beverages, power generation/utilities, and others.
With respect to geography, the report classifies the market into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America. The regions have been analyzed in terms of value and volume shipments in the gas detection equipment market industry. Furthermore, region wise prominent countries covered in the report include –the U.S, Canada, Germany, the U.K., France, China, India, Japan, GCC, South Africa, and Brazil.
Global Gas Detection Equipment Market: Competitive Landscape
Global Gas Detection Equipment market report also includes competition landscape, which includes competition matrix, market share analysis of major players in the global gas detection equipment market based on their 2017 revenues, and profiles of major players. The competition matrix benchmarks leading players on the basis of their capabilities and potential to grow. Factors including market position, offerings, and R&D focus are attributed to a company's capabilities. Topline growth, market share, segment growth, infrastructure facilities, and future outlook are attributed to a company’s potential to grow. This section also identifies and includes various recent developments of leading players in the gas detection equipment market.
The companies profiled in the global gas detection equipment market include Riken Keiki Co., Ltd, Industrial Scientific Corporation, Drägerwerk AG & Co. KGaA, MSA Safety Incorporated, Siemens AG, Honeywell International Inc., RAE Systems Inc., General Electric Co., Emerson Electric Co., Thermo Fisher Scientific Inc., ESP Safety Inc., Sensor Electronics, Trolex Ltd, Tyco International, Airtest Technologies and others. Company profiles of players operating in the gas detection equipment market include company overview, major business strategies, and key developments.
Global Gas Detection Equipment Market: Scope of the Study
The key developments in the global gas detection equipment market report in terms of technology and product has been included in the gas detection equipment market. Porter’s Five Forces analysis, which identifies bargaining power of suppliers, bargaining power of buyers, threat from new entrants, threat from substitutes, and degree of competition in the gas detection equipment market, is also included in the report. Value chain analysis which shows work flow and identifies raw material supplier service providers and distribution channels of this industry is also covered in the report. Segment trends and regional trends have also been added in the report. It also covers segment-wise incremental opportunity analysis.
Furthermore, the report covers incremental opportunity analysis and identifies and compares attractiveness of segments based on CAGR and market share index across North America, Europe, Asia Pacific, Middle East & Africa, and South America. The same has also been provided for each segmentation category i.e. product type, gas type, technology, and industry vertical in the scope of the study.
The global gas detection equipment market is segmented as below:
By Gas Type
By Industry Vertical