Press release
Gas Detection Equipment Market Forecast 2025-2034: Comprehensive Analysis And Growth Opportunities
Gas Detection Equipment
What Is the Projected Growth of the Gas Detection Equipment Market?
There has been a robust expansion in the gas detection equipment market recently. This sector, valued at $4.76 billion in 2024, is anticipated to increase to $5.18 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 8.7%. The development during the previous years is credited to robust economic advancement in emerging markets, swift industrial development, and the expansion of oil and gas pipelines.
The market size for gas detection equipment is forecasted to have a robust surge in the coming years. It is poised to reach $7.31 billion by 2029 with a CAGR of 9.0%. This anticipated growth can be credited to a burgeoning petrochemical industry, heightened consciousness for reducing greenhouse gas emissions, and encouraging government policies. The forthcoming period will also see significant trends like the implementation of cloud-based solutions, the merging of IoT and AI for gas detection, strategic alliances, drone-accompanied gas monitoring, and the uptake of laser technology.
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What Are the Different Gas Detection Equipment Market Segments?
The gas detection equipment market covered in this report is segmented -
1) By Product Type: Fixed Gas Detector, Portable Gas Detector
2) By Technology: Semiconductor, Infrared (IR), Laser-Based Detection, Catalytic, Photoionization Detector (PID), Other Technologies
3) By End-Use: Oil And Gas, Chemicals And Petrochemicals, Water And Wastewater, Metal And Mining, Utilities, Other End-Uses
Subsegments:
1) By Fixed Gas Detector: Infrared Fixed Gas Detectors, Catalytic Fixed Gas Detectors, Electrochemical Fixed Gas Detectors
2) By Portable Gas Detector: Single-Gas Detectors, Multi-Gas Detectors, Personal Gas Monitors
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What Are the Primary Drivers Shaping the Gas Detection Equipment Market?
The growth of the gas detection equipment market is anticipated to be propelled by the rising demand for natural gas and petroleum. Comprising hydrocarbon-rich gases, natural gas, and petroleum - a liquid blend employed in the production of oil, diesel fuel, and assorted other products - are both expected to see greater demand as the global population expands. This has consequently led to heightened exploration and production activity, thus stimulating the increased use of gas detection equipment to maintain the safety of workers. Specifically employed in the oil and gas sector, these systems detect hazards to the workforce and in the industrial environment. For example, a report by the US Energy Information Administration in April 2023 indicated that oil consumption had grown by 5.3 million barrels per day in 2021. Additionally, global liquid fuel consumption rose by 1.4 million barrels per day in 2023 and is projected to ascend by another 1.8 million barrels per day in 2024. Thus, the escalating demand for natural gas and petroleum serves as a key driving force for the growth of the gas detection equipment market.
Which Companies Are Leading in the Gas Detection Equipment Market?
Major companies operating in the gas detection equipment market include Honeywell International Inc., RIKEN KIKIE, ABB, MSA Safety Inc., New Cosmos Electric Co. Ltd., Siemens AG, Fortive, Emerson Electric Co, Hanwei Electronics Group Corporation, Uniphos Envirotronic Private Limited, Omnex India, Jayem Trade Pvt Ltd, RKI Instruments, Inc., Trolex Group, Mind Wisdom Beijing Tech. Co.Ltd., Yantai Chemins Instrument Co., Ltd., Shenzhen Opensea Technology CO., Ltd, Shanghai China Petroleum Instrument Co., Ltd, International Gas Detectors, Duomo, Dräger, Advanced Energy, Edinburgh Sensors, Euro-Gas Management Services Ltd, Ion Science Ltd, ENVEA, BWB Technologies Ltd., Analytik Jena, DILO Armaturen und Anlagen GmbH, IGM-DETECTOR Co. LTD, Senko Co., Ltd., DOD Technologies Inc., Butler Plumbing Heating & Gasfitting Ltd., Gasera Ltd, Bertin Instruments, Hermann Sewerin GmbH, eledyne Gas and Flame Detection, Control Instruments Corporation,Monitoring Solutions, LLC, Detcon, Industrial Scientific, GMI, Ace Centro Enterprises, Gas Detection & Control Ltd., Al Masaood Trading Supplies & Services Co. Llc, Qtech Control Equipment Fzc, Al Nahdha Group, Carroll Technologies Group, Analox Sensor Technology South Africa, Protégé Analytics, RAE Systems Africa, Gas Alarm Systems, Africa Oil and Gas Services, TROLEX SENSORS
What Are the Major Trends Shaping the Gas Detection Equipment Market?
The pivotal trend capturing attention in the gas detection equipment market is the emergence of innovative products. Major market players are leaning into this trend, creating unique products to solidify their standing in the industry. As an illustration, Dräger, a German company specializing in gas detection and analysis systems, unveiled their Draeger X-am 2800 in September 2022. This mobile gas detector automatically communicates real-time information on potentially hazardous chemicals that emergency responders may encounter. The X-am 2800 features a freshly designed CatEX sensor, which has undergone independent drop testing from a height of more than 2 meters, demonstrating its robust and resilient build - a critical attribute in emergency circumstances. Integrated Bluetooth facilitates the real-time transmission of live gas measurements and alerts to Dräger's Gas Detection Connect cloud service. This empowers users to securely access vital data anytime, anywhere, via an internet browser.
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What Are the Top Revenue-Generating Geographies in the Gas Detection Equipment Market?
North America was the largest region in the gas detection equipment market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the gas detection equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Gas Detection Equipment Market?
2. What is the CAGR expected in the Gas Detection Equipment Market?
3. What Are the Key Innovations Transforming the Gas Detection Equipment Industry?
4. Which Region Is Leading the Gas Detection Equipment Market?
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