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Global Gas Detection Equipment Market to Progress at 5.0% CAGR 2014-2022, Driven by Rising Demand in Industrial Sector

Posted on Mar 09, 2016

Transparency Market Research (TMR) has announced the release of a new report, titled “Gas Detection Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 - 2022.”According to the report, the global gas detection equipment market will expand at a CAGR of 5.0% during the forecast period from 2014 to 2022. In 2013, the global gas detection equipment market was estimated at US$2.1 bn and by the end of forecast period, it is expected to be worth US$3.3 bn. The global gas detection equipment market will be driven significantly by the rising demand for gas detection equipment in the industrial segment.

Browse the full Gas Detection Equipment Market (Fixed Gas Detection Equipment and Portable Gas Detection Equipment) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 - 2022 report at https://www.transparencymarketresearch.com/gas-detector-equipment.html

Gas detection equipment is used to detect and monitor the concentration of gases present in the air. This equipment deploys a control system by incorporating a sensor that detects the presence of dangerous gases in its vicinity. These detectors are increasingly finding their use in a wide range of application areas. On the basis of end use, the global gas detection equipment market is segmented into building automation, industrial, mining, oil and gas, and others such as educational and pharmaceuticals.

In 2013, the industrial segment accounted for more than 36% of the global gas detection equipment market. This segment is driven by the stringent regulations placed on promoting the safety of employees at workplaces. Some of the industries that use gas detection equipment are the coal and steel industries, the food industry, the automotive industry, and the chemicals and petrochemical industries.

According to technology, the global gas detection equipment market is divided into combustible gas detection and toxic gas detection. In 2013, the global gas detection equipment market was led by the combustible gas detection segment. This segment benefits from the growing popularity of heat-tolerant catalytic gas detectors, driving the adoption across several end-use industries of combustible gas detectors.

Product-wise, the global gas detection equipment market is bifurcated into portable gas detection equipment and fixed gas detection equipment. The fixed gas detection equipment segment held a dominant share in the global gas detection equipment market in 2013. Nevertheless, it is the portable gas detection equipment segment that is projected to witness the fastest growth during the forecast period. The portable gas detection equipment segment is fuelled by the rising preference for portable, flexible equipment for gas detection, particularly in confined areas with limited access.

Regionally, the global gas detection equipment market is classified into Latin America, the Middle East and Africa (MEA), Asia Pacific, Europe, and North America. In 2013, the global gas detection equipment market was led by North America and Europe. Regions such as Latin America, Asia Pacific, and the Middle East are projected to experience robust growth in the coming few years. The global gas detection equipment market will benefit from the growing use of wireless gas detection equipment.

The key companies profiled in the global gas detection equipment market report are Sensidyne, RAE Systems, Siemens, Mine Safety Appliances, and Trolex.

Key Segments of the Global Gas Detection Market

Gas Detection Equipment Market, By Product Type:

  • Fixed Gas Detection Equipment 
  • Portable Gas Detection Equipment

Gas Detection Equipment Market, By Technology:

  • Toxic Gas Detection
  • Combustible Gas Detection 

Gas Detection Equipment Market, By End-use Industry:

  • Oil & Gas
  • Mining
  • Industrial
  • Building Automation
  • Others (R&D labs, Educational, and Pharmaceuticals, etc.)

Gas Detection Equipment Market, by Geography:

  • North America
  • Europe
  • Asia-Pacific
  • Middle East and Africa (MEA)
  • Latin America

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