Gas Detectors Market - A Comprehensive Study by Key Players:ABB Airtest Technologies, Inc. FLIR Systems, Inc. Fluke Corporation General Electric Company Honeywell International Inc. Lynred Opgal Siemens Thermo Fisher Scientific, Inc.

The global gas detection equipment market size was valued at USD 5.34 billion in 2021. It is expected to expand at a compound annual growth rate (CAGR) of 11.7% from 2021 to 2032. Gas Detectors Market will reach $ 54.44 billion by 2032,
The increasing need for gas detection equipment in the oil and gas sector for applications such as emergency response, fracking, and leak detection is driving the market growth. Moreover, the need for protecting workers from hazardous gases is creating a demand for gas detection equipment across various industries. Government regulations such as the American Society of Heating Refrigeration & Air Conditioning Engineers and Occupational Safety & Health Administration have mandated the installation of gas detection equipment for safety and security purposes, which is also contributing to the market growth..

Some of the Major Key players profiled in the study ABB

Airtest Technologies, Inc.

FLIR Systems, Inc.

Fluke Corporation

General Electric Company

Honeywell International Inc.

Lynred

Opgal

Siemens

Thermo Fisher Scientific, Inc.

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Product Insights
The fixed gas detectors segment dominated the market in 2020 and accounted for over 65.0% share of the global revenue. Fixed gas protection systems are installed with the aim of providing personnel safety and plant protection. These sensors are designed to monitor multi or single hazardous gases in safe areas. The demand for the segment is high due to its increasing use in the food and beverage, pharmaceuticals, and oil and gas sectors.

The portable gas detectors segment is anticipated to register the fastest growth over the forecast period. Portable gas detectors can remotely monitor industrial and commercial units, owing to which they are in higher demand than the traditional fixed gas detectors. Simultaneously, benefits such as ease of implementation, cost-effectiveness, and secured and easy connections offered by the portable gas detection equipment are driving the segment growth. These detectors are widely adopted by environment agencies for inspecting the gas emitted from public vehicles.

Regional Insights
Asia Pacific dominated the gas detection equipment market in 2020 and accounted for over 31.0% share of the global revenue. China accounted for the major share in the Asia Pacific market during the forecast period. The increasing number of Greenfield projects by the Chinese government is driving the market growth in the country. At the same time, expansion of operations by various oil companies such as the National Offshore Oil Corporation of China and Oil & Natural Gas Corporation of India is contributing to the demand for the market in the region.

North America is expected to witness significant growth over the forecast period. The presence of a large oil and gas pipeline network and oil and gas refineries in countries such as the U.S. and Canada bodes well for the market growth. Moreover, the increasing need for the safety and security of workers that are constantly exposed to toxic gases is driving the market growth in the region. The growing need for preventing accidents caused by gas leakages is also one of the major factors propelling the market growth.

Key Companies & Market Share Insights
The competitive landscape is highly fragmented in nature. Market players are focused on partnerships, product innovation, geographical expansion, and research & development to strengthen their market positions. For instance, in June 2018, ABB announced the launch of Ability mobile gas leak detection system. The system is mounted on a drone and capable of monitoring remote gas pipelines.

Additionally, market players are focused on improving their product offerings to meet the changing needs of users. For instance, in February 2019, FLIR Systems, Inc. announced the launch of its new portable infrared camera named FLIR GF77. This camera is mainly designed for detecting methane leaks at natural gas power plants. Some of the prominent players in the gas detection equipment market are:
Region Segmentation
North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Other)
Asia Pacific (China, Japan, India, Korea, Southeast Asia)
Europe (Germany, UK, France, Spain, Italy)
Middle East and Africa (Middle East, Africa)

Gas Detectors Segmentation by Type:

Fixed Gas Detectors, Portable Gas Detectors.

Gas Detectors Segmentation by Application:

Oil and Gas, Mining, Manufacturing Industry, Building Automation

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What is the goal of the report?

The market report presents the estimated size of the ICT market at the end of the forecast period. The report also examines historical and current market sizes. During the forecast period, the report analyzes the growth rate, market size, and market valuation. The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets. The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance.

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