Portable Gas Detection Equipment Market Anticipated to Witness a 4.8% CAGR from 2015 to 2023

The global market for portable gas detection equipment is anticipated to witness a 4.8% CAGR from 2015 to 2023. In 2014, the market was worth US$1,145.3 mn and is likely to rise to a valuation of US$1,737.3 mn by the end of 2023.

A gas detector is a safety device that detects and monitors the presence and concentration of toxic and/or combustible/flammable gases in the air of its immediate vicinity, using a control system and a sensor. Gas detectors are increasingly used for a wide range of applications (gas level monitoring, gas detection, etc.) in a number of end-use verticals, including industrial, oil & gas, mining, and building automation, to ensure the safety of working personnel. Growing demand for portability from applications where gas detectors are required in confined spaces, such as mining, is one of the major trends prevailing in the portable gas detection equipment market.

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One of the key driving factors for the portable gas detection equipment market is the growing popularity of wireless portable gas detection equipment. These portable gas detectors are capable of detecting gas leaks and explosives from safe distances, which makes them the preferred choice across industrial, mining, and oil & gas end-use sectors. The global portable gas detection equipment market had generated revenues of US$ 1,145.3 Mn in 2014; this is projected to expand at a CAGR of 4.8% during the forecast period (2015–2023) and reach a market size of US$ 1,737.3 Mn by 2023.

The growing demand for portable gas detection equipment, primarily in industrial and building automation applications, is expected to boost the demand for portable gas detection equipment in Asia Pacific in the coming years. Furthermore, the application of portable gas detection equipment is expected to rise in Middle East and Africa (MEA), where large mining and oil exploration activities are carried out. Moreover, increasing awareness about workforce safety in MEA is also responsible for the fastest growth rate of this region. In the GCC region and Africa, a significant part of the demand is anticipated to come from the mining sector in the coming years.

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The portable gas detection equipment market is categorized on the basis of end-use into oil & portable gas, mining, industrial, building automation, and others. In 2014, the industrial end-use segment of the portable gas detection equipment market dominated the market, accounting for a major share. The demand from oil & portable gas and mining is also high, as the portability of a gas detector is prominent in these applications. Oil & portable gas are also anticipated to remain the fastest-growing segments over the forecast period from 2015 to 2023. The market for portable gas detection is also anticipated to witness growth in the building automation, waste water treatment, and educational end-use sectors.

On the basis of product type, the portable gas detection equipment market is further categorized into two segments: wearable and non-wearable portable gas detection equipment. Currently, non-wearable gas detection equipment accounts for a major share in the market. However, wearable gas detectors are gaining popularity, as these systems now come with integrated wearable sensor systems. Some of the key players in the global portable gas detection equipment market include Industrial Scientific Corporation, Drägerwerk AG & Co., KGaA, Drägerwerk AG & Co. KGaA, Mine Safety Appliances, Crowcon Detection Instruments, Ltd., Trolex Ltd., Honeywell Analytics, RAE Systems Inc., Detcon, Inc., and Thermo Fisher Scientific Inc.

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The global portable gas detection equipment market is segmented as below:

Portable Gas Detection Equipment Market

By End-use

Oil & Portable Gas
Mining
Industrial
Building Automation
Others

By Type

Wearable Gas Detectors
Non-wearable Gas Detectors
Sniffers
Others

By Geography

North America
U.S.
Rest of North America
Europe
EU7
CIS
Rest of Europe
Asia Pacific
Japan
China
South Asia
Australasia
Rest of APAC
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Rest of Latin America

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