Gas Detection Equipment Market
Gas Detection Equipment Market is likely to witness a promising growth over the forecast period (2021-2028), owing to the growing emphasis on reducing oil and gas methane discharge. Also, this equipment helps reduce the damages caused by methane leakage during power generation and transportation.
Gas detection equipment identifies the harmful gasses present in environment and raise the alarm to avoid accidents. Thus, as per the global gas detection equipment market research report, the growing need to protect workers from harmful gasses and the demand for gas detection equipment in the oil and gas industry are the major factors fueling the gas detection equipment market growth. Increasing awareness about the harmful impact of the low concentration innocuous gases on workers has raised the emphasis on safety across commercial and industrial areas, thereby driving the global gas detection equipment market growth.
In 2020, the outburst of coronavirus has significantly impacted the market demand. Gas detection equipment can detect oxygen leakage in hospitals and protect patients, thus is increasingly demanded in hospitals during pandemic as the patients suffering from coronavirus need extra oxygen.
By end-use industry, the oil gas segment is anticipated to grow at a higher CAGR during the forecast period, owing to the growing awareness about benefits of gas detection equipment which include enhancement in plants, cost saving, and more safety. Also, surging demand for wireless gas detection systems across the oil gas sectors is augmenting the Gas Detection Equipment Market Size.
By sensor type, the infrared sensors segment is predicted to witness a faster CAGR over the forecast period, owing to their ability to provide précised details.
By region, North America region is likely to lead the market over the coming years, owing to the rising demand for occupational safety norms. However, the Asia-Pacific region will hold a larger share over the forecast period, due to the growing demand for gas detection systems in India and China.
Leading players in the market include Siemens, RIKEN KEIKI Co., Ltd., Honeywell International Inc., Sensor Electronics, GE DIGITAL, Raeco Rents, LLC, Industrial Scientific, SCHAUENBURG GRUPPE, Trolex, and ESP Safety, among others.
Gas Detection Equipment Market Segmentation:
Gas Detection Equipment Market by Sensor Type
- Infrared sensors
- Electrochemical Sensors
- Metal Oxide Semiconductor (MOS) sensor
Gas Detection Equipment Market by End-Use Industry
- Oil Gas
- Water Treatment
- Building Automation and Construction
- Power Generation/Utilities
Gas Detection Equipment Market by Power Source
- Battery-powered gas detectors
- Hardwired gas detectors with backup batteries
- Hardwired Gas Detectors without backup batteries
Gas Detection Equipment Market by Region:
- Asia Pacific
- Rest of APAC
- North America
- United States of America
- United Kingdom
- Rest of Europe
- South Africa
- Saudi Arabia
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