Gas Detection Equipment Market Overview
The size of the gas detection equipment market was estimated at USD 5.38 billion in 2023, and it is anticipated that total revenue will increase at a 9.9% compound annual growth rate (CAGR) from 2024 to 2030, reaching USD 10.42 billion.
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Gas Detection Equipment Market Report Scope and Research Methodology
The portfolio, technology adoption, financial standing, merger and acquisition, joint ventures and strategic alliances are involved in the competitive environment for the Gas Detection Equipment market. The report is an in-depth analysis of the Gas Detection Equipment market provided with key findings including Pricing, investments, expansion plans, and physical presence in the Gas Detection Equipment market. The bottom-up approach was used to understand the Gas Detection Equipment market size estimation and growth rates in the report. The report provides information on the drivers, restraints, opportunities and challenges of the Gas Detection Equipment market.
The Gas Detection Equipment Market report portrays the scope of the industry, including the segmentation by product type and end-use industry, and examines various emerging opportunities while analyzing supply chain dynamics with market size estimates, growth, and competition including soil survey. The research method gathers large amounts of data into a brief survey using primary and secondary data collection, rigorous research methods, quality assurance procedures, and ethical considerations, and provides users gain insights that can be used for informed decisions in the Gas Detection Equipment industry.
Gas Detection Equipment Market Regional Insights
Regional analysis is conducted to assess the status of the Gas Detection Equipment market in countries belonging to North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The report provides a comprehensive analysis of several factors such as market size, growth rate, and import-export activities, across different regions. The Gas Detection Equipment market is segmented broadly into these regions, allowing for a detailed understanding of the market landscape and dynamics in each geographical area.
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Gas Detection Equipment Market Segmentation :
by Type
Fixed Gas Detector
Portable Gas Detector
The market for gas detection equipment is divided into five segments: metal and mining, water and wastewater, chemicals and petrochemicals, oil and gas, utilities, and other. In 2023, the biggest market share was held by oil and gas. Non-toxic gases produced by a variety of oil and gas industries can accumulate in high concentrations and deplete oxygen, endangering workers who live nearby and lack access to protective gear. Although oxygen deprivation is a risk to humans, even tiny levels of dangerous, poisonous gasses can have fatal health effects on anyone who visits an unoccupied area where they are present.
by End-use Type
Oil and Gas
Chemicals and Petrochemicals
Water and Wastewater
Metal and Mining
Utilities
Other
The market for gas detection equipment is divided into two segments based on application: fixed and portable. Over the course of the forecast period, fixed gas detection equipment is anticipated to dominate the market. Permanently placed on-site, fixed gas detectors are used to continuously monitor the environment. The way fixed detectors work is similar to how fire and smoke alarms work. Target gas-specific detectors are installed on the property and connected to a control panel.
Gas Detection Equipment Market Key Players :
1. Interscan Corporation (US)
2. Honeywell International, Inc.(US)
3. Carrier Global Corporation (US)
4. Industrial Scientific Corporation (US)
5. Emerson Electric Co. (US)
6. Aerionics, Inc. (US)
7. MSA Safety, Inc. (US)
8. RKI Instruments, Inc. (US)
9. Sensor Electronics Corporation (US)
10. Teledyne Technologies, Inc. (US)
11. Mil-Ram Technology, Inc (US)
12. Emerson Electric Co. (US)
13. Thermo Fisher Scientific Inc. (US)
14. Blackline Safety Corporation (Canada)
15. Dragerwerk AG & Co. KGaA (Germany)
16. Process Sensing Technologies Ltd. (UK)
17. Trolex Ltd. (UK)
18. Halma plc (UK)
19. ION Science, Inc. (UK)
20. The Linde Group (Ireland)
21. RIKEN KEIKI Co., Ltd. (Japan)
22. Hanwei Electronics Group Corporation (China)
23. Beijing SDL Technology Co., Ltd. (China)
24. Active Environmental Solutions (Australia)
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Key questions answered in the Gas Detection Equipment Market are:
What is Gas Detection Equipment ?
What was the Gas Detection Equipment market size in 2023?
What is the growth rate of the Gas Detection Equipment Market?
Which are the factors expected to drive the Gas Detection Equipment market growth?
What are the different segments of the Gas Detection Equipment Market?
What growth strategies are the players considering to increase their presence in Gas Detection Equipment ?
What are the upcoming industry applications and trends for the Gas Detection Equipment Market?
What segments are covered in the Gas Detection Equipment Market?
Who are the leading companies and what are their portfolios in Gas Detection Equipment Market?
What segments are covered in the Gas Detection Equipment Market?
Who are the key players in the Gas Detection Equipment market?
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