Global Portable Gas Detection Market - Snapshot
Portable gas detectors are small handheld gas detectors which are used in settings where fixed gas detection is not a feasible option. It is available both in wearable and non-wearable forms. Portable gas detection equipment sends an alert by sensing dangerous gas leaks. It also raises an alarm by indicating gas hazards, thereby ensuring employee safety. This product is battery operated and has access to internet based wireless networks. The global portable gas detection market is estimated to reach US$ 2,352.6 Mn by 2026.
The global portable gas detection market is primarily driven by increasing demand for technologically advanced gas detectors with enhanced performance, reduced work redundancy, and increased reliability. Stringent government and industry regulations regarding usage of products due to concerns of employee safety, and technological advancement in portable detectors for use in different work environments are expected to boost the demand for portable gas detection equipment. Furthermore, growth in oil & gas, chemicals & energy, manufacturing, and pharmaceutical sectors is also expected to drive growth of the portable gas detection market.
The major challenge impacting the growth of the portable gas detection market is that the market is experiencing intense competition due to new entrants and competitive pricing strategies adopted by players. Pricing strategies of aspirant companies have compelled established players in the market to adopt competitive prices. Lower pricing has reduced the profit margins from products and services. As a result of reduced profits, the market is experiencing a decline in investments. The cost of monitoring multiple gases and replacing sensors on a regular basis proves to be expensive and puts pressure on operational budgets. Additionally, availability of fixed gas detectors as a substitute in the market is projected to lower the demand for portable gas detectors.
However, rapid investments in the mining sector and oil & gas industries are driving the portable gas detection equipment market due to rise in manufacture of cost effective and reliable products which help to significantly detect the gases present in the areas. Governments of various countries across the world are promoting the usage of portable gas detectors in order to reduce undue accidents and prevent physical hazards of gases exposure.
In the current scenario, the global portable gas detection market is highly fragmented. However, there are a few well established players having strong distribution network and providing integrated and advanced solutions across different industries. The companies are strengthening their position through merger & acquisition and continuously investing in research and development (R&D) activities to come up with solutions to cater to customers’ requirements.
Leading global players are focusing on product innovation and collaboration to expand their business. Major portable gas detection market players profiled in the report are Honeywell International Inc., MSA, Riken Keiki Co., Ltd., Industrial Scientific Corporation, Dragerwerk, Halma Plc, Trolex Ltd., General Electric Co., Emerson Electric Co., and Thermo Fisher Scientific Inc. This market is highly fragmented as large number of mergers and acquisitions are expected. Rivalry among existing players in the market is high as the major players are engaged in acquiring smaller players to gain market share.
Global Portable Gas Detection Market: Overview
This report on the global portable gas detection market provides analysis for the period 2016–2026, wherein 2017 is the base year and 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, and policy and regulations which are expected to influence the growth of the portable gas detection market during the said period. The study provides a comprehensive analysis of market growth throughout the above forecast period in terms of value and volume estimates (US$ Mn and Million Units) across different geographies.
Global Portable Gas Detection Market: Trends and Opportunities
This report on the portable gas detection market cover all the products that are categorized based on application, gas type, and industry. Rapid investment in mining sectors and oil & gas industries is seen as a key driver of the portable gas detection equipment market across the globe. Increasing demand from the oil & gas, mining, and chemical industry is expected to offer significant growth opportunities to the portable gas detection equipment market in the coming years. Governments of various countries across the world are promoting the usage of portable gas detectors in order to reduce undue accidents and prevent physical hazards which is also driving the portable gas detection equipment market.
Global Portable Gas Detection Equipment Market: Key Segments
The portable gas detection equipment market has been segmented based on product type, gas type, application, and geography. The market has been segmented on the basis of product into wearable and non-wearable. Based on gas type, the market is segmented into combustible, oxygen, and toxic. Further, the portable gas detection equipment market based on application is segmented into single gas and multiple gas. Based on industry, the market is segmented into oil & gas, mining, building/ construction, wastewater treatment, fire services, chemical & pharmaceutical, and others.
Geographically, the report classifies the industry into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America; the regions are analyzed in terms of value in the portable gas detection equipment market. Furthermore, region wise prominent countries covered in the report include the U.S, Canada, Germany, U.K., France, China, India, Japan, GCC, South Africa, and Brazil.
Global Portable Gas Detection Equipment Market: Scope of the Study
The report also includes key developments in the portable gas detection equipment market. Porter’s Five Force Analysis which identifies bargaining power of suppliers, bargaining power of buyers, threat from new entrants, threat from substitutes, and degree of competition is also included in the report. Value chain analysis that shows work flow in the portable gas detection equipment market and identifies raw material supplier providers and distribution channels of this industry is also covered in the report. Segment trends and regional trends have been added in the report. It also covers segment wise incremental opportunity analysis and country wise econometric analysis which shows a country’s economic information, which includes population, GDP, consumer spending per capita, disposable income per capita, and purchasing power parity. Furthermore, the report also covers competition matrix of key players in the scope of study.
Incremental opportunity analysis identifies and compares a segment’s attractiveness on the basis of 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 segment in terms of product type, gas type, and application.
Global Portable Gas Detection Equipment Market: Competitive Landscape
The report also includes competition landscape which include competition matrix, market share analysis of major players in the global portable gas detection equipment based on their 2017 revenues, and profiles of major players. 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. Factors including top line 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 portable gas detection equipment market.
Company profiling includes company overview, major business strategies adopted, and key developments. The companies profiled in the global portable gas detection equipment market include Honeywell International Inc., MSA, Riken Keiki Co., Ltd., Industrial Scientific Corporation, Dragerwerk, Halma Plc, Trolex Ltd., General Electric Co., Emerson Electric Co., and Thermo Fisher Scientific Inc.
The global portable gas detection market has been segmented as follows
Portable Gas Detection Market, by Product Type
- Non-wearable (Sniffer)
Portable Gas Detection Market, by Gas Type
Portable Gas Detection Market, by Application
- Single Gas
- Multiple Gas
Portable Gas Detection Market, by Industry
- Oil & Gas
- Building/ Construction
- Wastewater Treatment
- Fire Services
- Chemical & Pharmaceutical
- Others (Utilities & General Industry)
Global Portable Gas Detection Market, by Geography
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific (APAC)
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- South Africa
- Rest of MEA
- South America
- Rest of South America