Global Gas Detection Equipment Market: Snapshot

The global market for gas detection equipment is gaining from mandates in place for workplace safety especially in the industrial sector. Gas detection equipment can identify the presence of harmful gases in the environment and raise an alarm to prevent accidents. Government bodies and industry associations have formulated regulations that businesses need to adhere to maintain a safe work environment.

Apart from this, technological advancements leading to increased product efficiency is stoking demand for newer equipment. This bodes well for gas detection equipment market.

However, entry of new players and competitive prices offered by them has forced established players to offer competitive prices. 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. Considering a host of factors, the global market for gas detection equipment is likely to clock a CAGR of 5.7% between 2017 and 2024.

global gas detection equipment market

Fixed Gas Detection Product Type to Continue to Remain at Fore

The gas detection equipment market is segmented depending upon product type, technology, type of gas, end-use, sensor technology, and geography. By product type, portable gas detector and fixed gas detector are the segments into which the gas detection equipment market is segmented. Of the two, fixed gas detector segment holds the leading share in the overall gas detection equipment market. However, the portable detector segment is anticipated to surpass in terms of growth rate between 2017 and 2024.

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.

Depending upon type of gas, combustible, oxygen, toxic, and dedicated are the segments into which the gas detection equipment market is segmented. Of them, the segment of combustible currently leads the gas detection equipment market; the segment is anticipated to be worth US$1,574.5 mn by 2024.

On the basis of end-use, 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 industrial end-use segment is anticipated to be worth US$1,128.1 mn by 2024.

By sensor technology, the various segments into which the gas detection equipment market is segmented are 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 to be worth US$1,352.8 mn by 2024.

Increasing Implementation of Workplace Safety Mandates to make Asia Pacific Significant Market

Geography-wise, the 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 2017 and 2024, Asia Pacific is anticipated to display the leading CAGR in the gas detection equipment market.

Key companies operating in the gas detection equipment market are Drägerwerk AG & Co., ESP Safety Inc., Troloex Ltd., Industrial Scientific Corp. MSA Safety Inc., Sensidyne, RAE Systems Inc., GE Measurement & Control Solution, Schauenburg Group, Honeywell International Inc., Siemens AG, Riken Keiki Co. Ltd., and SE Electronics.

Global Gas Detection Equipment Market: Overview

This report on the global gas detection equipment market provides analysis for the period 2016–2026, wherein 2017 is the base year and the period from 2018 to 2026 is the forecast period. Data for 2016 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

The adoption of gas detection equipment gas detection equipment and portable gas detection is rising rapidly among industry verticals globally. There are various factors such as increasing adoption of handheld gas detectors and government policies and regulations for personal protection and safety that is expected to drive the global gas detection equipment market during the forecast period. Apart from this, technological advancements leading to increased product efficiency is stoking demand for newer equipment. This bodes well for the gas detection equipment market.

The penetration of gas detection equipment is rising in emerging economies such as Asia Pacific, Middle East & Africa, and South America. 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

The gas detection equipment market has been segmented on the basis of product type, gas type, technology, industry vertical and geography. Based on product type, the gas detection equipment market has been categorized into fixed gas detection system and portable gas detection system. On the basis of gas type, the market is segmented into 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.

In terms of region, 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: Scope of the Study

The report also includes key developments 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.

Global Gas Detection Equipment Market: Competitive Landscape

The 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.

Company profiles of players operating in the gas detection equipment market include company overview, major business strategies, and key developments. 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.

The global gas detection equipment market is segmented as below:

Global Gas Detection Equipment Market, by Product Type

  • Fixed Systems
  • Portable Systems

Global Gas Detection Equipment Market, by Gas Type

  • Oxygen
  • Flammable
  • Toxic

Global Gas Detection Equipment Market, by Technology

  • Single Gas Detection
  • Multi Gas Detection

Global Gas Detection Equipment Market, by Industry Vertical

  • Oil & Gas
  • Chemicals & Specialty Chemicals
  • Mining
  • Water Treatment
  • Emergency Services
  • Semiconductors
  • Building Automation and Construction
  • Food and Beverages Power
  • Generation/Utilities
  • Others

Global Gas Detection Equipment Market, by Geography

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • U.K.
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific (APAC)
    • India
    • China
    • Japan
    • Rest of Asia Pacific
  • Middle East & Africa (MEA)
    • GCC
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Rest of South America
.