About Gas Detector Equipment
Gas detector equipment is used in detecting the gas leak in any industry. They have sensing technology with wireless technology for gas detection to protect the workforce and industrial plants against the toxic environment. When a toxic gas reaches to extreme level these sensors begin to alarm in a range of industrial applications. Growing construction and oil & gas industry are increasing the demand for gas detection equipment.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 11.0% |
The gas detector equipment market is highly competitive, with a number of major players vying for market share. The market is driven by a number of factors, including the increasing demand for safety in industrial and commercial settings, the growing awareness of the dangers of hazardous gases, and the development of new technologies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Gas Detector Equipment market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Drager (Germany), Industrial Scientific (Unites States), MSA Safety (United States), Trolex (United Kindom), Riken Keiki Co. Ltd (Japan), Thermo Fisher Scientific (United States), RAE Systems (United States), Emerson Electric (United States), Sensor Electronics (United States) and Stanlay (India) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Tyco International (Ireland).
Segmentation Overview
AMA Research has segmented the market of Global Gas Detector Equipment market by Type (Portable Gas Detectors, Fixed Gas Detectors and Wireless Gas Detectors), Application (Refineries, Industrial Plants, Automobiles, Waste Water Treatment and Others) and Region.
On the basis of geography, the market of Gas Detector Equipment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Use Industry, the sub-segment i.e. Automobile Industry will boost the Gas Detector Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Gas, the sub-segment i.e. Flammable will boost the Gas Detector Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Adoption of Automated and Wireless System for Gas Leak Detection and Rising Demand in Hospital and Household Safety
Market Growth Drivers:
Growing Safety Concerns in Industrial Places for Labourers and Need for Protecting the Industrial Plants
Challenges:
Lack of Accuracy in Gas Detection Equipment might hInder the Market Growth and Difficulty in Installing and Maintaining some gas detector equipment
Restraints:
High-Cost Availability of Gas Detectors might hamper the Growth and Regulatory Norms Regarding Gas Detection Safety
Opportunities:
Improving Efficiency and Reliability of the Technology used in Gas Detection
Market Leaders and their expansionary development strategies
In August 2023, Emerson acquired Nova Analytics, a provider of gas detection and leak detection solutions for the oil and gas industry. This acquisition aimed to expand Emerson's automation and process control portfolio and strengthen its presence in the oil and gas market.
In October 2023, MSA Safety released the Altair 4X Multi-Gas Detector, a portable gas detector designed for confined space entry and other hazardous environments. This new detector offered advanced safety features and improved user interface.
Key Target Audience
Gas Detector Equipment Manufacturers, Gas Detector Equipment Distributors and Suppliers, Gas Detector Equipment International Traders, Research and Development Institutes, Financial Institutes and Venture Capital, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.