Press release
Wireless Gas Detection Market Poised to Hit $3.33 Billion by 2029 with Accelerating Growth Trends
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Will the Wireless Gas Detection Industry Market Size Be by 2025?
Recent years have seen a steady growth in the size of the wireless gas detection market. The market, which was valued at $2.29 billion in 2024, is projected to increase to $2.46 billion in 2025, corresponding to a compound annual growth rate (CAGR) of 7.7%. Factors such as industrial safety laws, concerns over safety at workplaces, the expansion of the oil and gas sector, compliance in the chemical industry, and safety in the mining sector are all contributors to this historical growth.
What's the Long-Term Growth Forecast for the Wireless Gas Detection Market Size Through 2029?
Over the coming years, the wireless gas detection market size is anticipated to undergo significant expansion, increasing to $3.33 billion in 2029 with a compound annual growth rate (CAGR) of 7.9%. The anticipated growth during this forecast period is linked to factors such as the surge in industrial automation, enhanced utilization in developing markets, high demand in healthcare facilities, the burgeoning renewable energy industry, and integration with Internet of Things (IoT) platforms. Notable trends predicted for the forecast period encompass the use of wireless mesh networks for scalability, mobile applications for off-site monitoring, improved human-machine interface (HMI), cooperation with cloud service providers, and a focus on inherently secure design.
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What Are the Key Growth Drivers Fueling the Wireless Gas Detection Market Expansion?
The growth of the wireless gas detection market is anticipated to be fueled by the escalating need for wireless gas detectors in the chemical sector. Wireless gas detection devices or systems, engineered for continuous surveillance of combustible and toxic gases in the environment, are utilized in the chemical industry to provide a preliminary alert of toxic gas, hence improving worker safety. For instance, the Chemical Industry Situation and Outlook report from the American Chemistry Council (ACC), a trade association for the US chemical industry, stated in June 2022 that the American chemical output is predicted to achieve its highest level in over ten years in 2022, owing to growth in all chemical areas. After a 1.6% upsurge in 2021, the ACC forecasted a rise of 2.4% in 2023. Specialty chemical production in 2022 saw a significant boost of 6.2% due to robust demand and replenishment. Capital spending shot up by 12.3% to $34.5 billion in 2022 and is expected to increase by 5.5% to $36.4 billion in 2023. Thus, the growing need for wireless gas detectors in the chemical sector is propelling the expansion of the wireless gas detection market.
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What Are the Key Trends Driving Wireless Gas Detection Market Growth?
The burgeoning trend of product innovation is gaining traction in the wireless gas detection market. Major market players are keen on developing innovative products as a stratagem to consolidate their market presence. Blackline Safety Corp, a Canada-based firm offering wireless worker safety monitoring products, unveiled state-of-the-art single-gas detection in September 2022. This smart solution capitalizes on the latest cellular Internet of Things (IoT) connectivity. It provides advantages such as extended battery lifespan, reduced ownership cost, and fewer false alarms. Importantly, it empowers safety professionals with trustworthy data necessary for managing their safety procedures, guidelines, and ongoing compliance more effectively and efficiently.
How Is the Wireless Gas Detection Market Segmented?
The wireless gas detection market covered in this report is segmented -
1) By Type: Hardware, Software, Services
2) By Technology: Wi-Fi, Bluetooth, Cellular, License-Free ISM Band, Other Technologies
3) By End User: Oil And Gas, Chemical And Petrochemicals, Mining And Metals, Discrete Manufacturing Industry, Commercial Buildings And Public Facilities, Other End Users
Subsegments:
1) By Hardware: Gas Sensors, Transmitters, Controllers, Alarms
2) By Software: Monitoring Software, Data Analysis Software, Integration Software
3) By Services: Installation Services, Maintenance And Support Services, Training Services
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Which Companies Are Leading the Charge in Wireless Gas Detection Market Innovation?
Major companies operating in the wireless gas detection market include Siemens AG, Honeywell International Inc., 3M Company, AMETEK Inc., Sensit Technologies, AirTest Technologies Inc., MSA Safety Incorporated, Sensirion AG, Industrial Scientific Corporation, Beijing SDL Technology Co Ltd., Crowcon Detection Instruments Ltd., Comstack Ltd., RKI Instruments Inc., United Electric Control Co, California Analytical Instruments Inc., Aeris Environmental Ltd., Drägerwerk AG & Co KGaA, Yokogawa India Ltd., Detector Electronics Corporation, RAE Systems Inc., Pem-Tech Inc., Tek Troniks Ltd., Ambetronics Engineers Pvt Ltd., Global Detection Systems Corp, Otis Instruments Inc., Teledyne Gas and Flame Detection, New Cosmos Electric Co Ltd., Trolex, International Gas Detectors
Which Regions Are Leading the Global Wireless Gas Detection Market in Revenue?
North America was the largest region in the wireless gas detection market in 2024. The regions covered in the wireless gas detection market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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