Gas Detection Equipment Market Trends, Top Companies, Share, Growth And Forecast 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Gas Detection Equipment Global Market Report 2023 identifies increased demand for natural gas and petroleum as the major driver for the gas detection equipment market's growth in the forecast period. Natural gas is a mixture of hydrocarbon-rich gases, whereas petroleum is a liquid mixture that may be utilized to make oil, diesel fuel, and a range of other products. As the world's population continues to grow, the demand for energy sources such as natural gas and petroleum is also expected to increase. This has led to an increase in exploration and production activities, which in turn has led to an increase in the use of gas detection equipment to ensure worker safety. Gas detection systems are used in the oil and gas industry to detect risks to workers at work and in the industrial environment.

The global gas detection equipment market size is expected to grow from $4.02 billion in 2022 to $4.39 billion in 2023 at a compound annual growth rate (CAGR) of 9.36%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global gas detection equipment market size is expected to reach $6.12 billion in 2027 at a CAGR of 8.66%.

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Major competitors in the gas detection equipment market are Honeywell International Inc, Teledyne Technologies Inc, Emerson Electric Co, Thermo Fisher Scientific Inc, Dragerwerk AG & Co KGaA, Trolex Ltd, Carrier Global Corporation, Industrial Scientific Corporation, Emerson Electric Co, Aerionics Inc, MSA Safety Incorporated, RKI Instruments Inc, Sensor Electronics Corporation, Interscan Corporation, Mil-Ram Technology Inc, Beijing SDL Technology Co. Ltd, Hanwei Electronics Group Corporation, RIKEN KEIKI CO LTD, Halma plc, Process Sensing Technologies Ltd, and Blackline Safety Corp.

A key trend in the gas detection equipment market includes product innovations. Major companies operating in the gas detection equipment market are developing innovative products to strengthen their position in the market. For instance, in September 2022, Dräger, a German-based manufacturer of gas detection and analysis systems, launched the Draeger X-am 2800, a mobile gas detector to automatically shares real-time information on the chemicals that emergency responders are exposed to. The X-am 2800 is equipped with a newly built CatEX sensor that has been independently dropped tested at a height of >2m to ensure a strong and resilient construction, which is crucial in emergency rescue scenarios. With built-in Bluetooth connectivity, one can send live gas measurements and alarms to Dräger's Gas Detection Connect cloud service in real-time. This gives users secure access to crucial data at any time and from any location via an internet browser.

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The gas detection equipment market is segmented -
• By Product Type: Fixed Gas Detector, Portable Gas Detector

• By Technology: Semiconductor, Infrared (IR), Laser-based Detection, Catalytic, Photoionization Detector (PID), Other Technology

• By End-use: Medical, Building Automation And Domestic Appliances, Environmental, Petrochemical, Automotive, Industrial, Other End-use

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the gas detection equipment market.

The Business Research Company's "Global Gas Detection Equipment Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Gas Detection Equipment Market Include:
1. Executive Summary
2. Gas Detection Equipment Market Characteristics
3. Gas Detection Equipment Market Trends And Strategies
4. Gas Detection Equipment Market - Macro Economic Scenario
5. Gas Detection Equipment Market Size And Growth
……
26. Africa Gas Detection Equipment Market
27. Gas Detection Equipment Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Gas Detection Equipment Market
29. Gas Detection Equipment Market Future Outlook and Potential Analysis
30. Appendix

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