Gas Detection Equipment Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2030

The global Gas Detection Equipment market size is expected to be worth around US$ 9.38 billion by 2030, according to a new report by Vision Research Reports.

The global Gas Detection Equipment market size was valued at US$ 4.06 billion in 2020 and is anticipated to grow at a CAGR of 9.10% during forecast period 2021 to 2030.

Growth Factors

The market growth can be attributed to the growing awareness among governments regarding the harmful effects of greenhouse gases, coupled with their increased efforts toward protecting the environment. Major industries such as petroleum, oil, and gas, among others are needed to comply with safety and environmental regulations which are also major factors driving the market growth.

Many companies are focused on introducing drone-based gas detection equipment, which is expected to create new opportunities for market growth in the coming years. For instance, in February 2019, FLIR Systems, Inc. announced the launch of FLIR MUVE C360, a multi-gas detector built for unmanned aerial systems. FLIR MUVE C360 aims to transform the way emergency teams approach environmental, chemical, and industrial incidents.

IR camera-based gas detectors are gaining traction owing to their capability of detecting combustible gases that are not visible to the human eyes. Uncooled  are widely in demand by various industries, which has resulted in increased efforts by companies worldwide to address this demand. For instance, in February 2019, FLIR Systems, Inc. announced the launch of FLIR GF77 Gas Find IR, an uncooled thermal camera for detecting methane.

The COVID-19 pandemic is anticipated to favorably impact market growth in the near future. Hospitals have been using gas detection equipment for monitoring oxygen tanks during the pandemic. During the COVID-19 situation, the U.K. government laid down guidelines highlighting the hazards caused by the increased oxygen level due to the high density of ventilators. This initiative is expected to contribute to market growth.

Report Highlights

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.

The infrared gas detection technology segment dominated the market in 2020 and accounted for over 26.0% share of the global revenue. These detectors can operate in both oxygen-poor and oxygen-rich environments. Infrared gas detection technology-based equipment is used for detecting hydrocarbon gas with infrared light. The detectors consist of an optical filter and source of infrared light used to select the proper wavelength. They are used in air cleaners and to control air pollutants.

The semiconductor segment is expected to register the fastest growth over the forecast period. Semiconductor  have a wide range of applications in process control, safety, environmental monitoring, and medical diagnosis, among others. Metal oxide semiconductors are widely used as gas sensing material nowadays owing to advantages such as ease in fabrication, cost efficiency, and simplicity of use. However, poor selectivity of the sensing material hinders the segment growth.

The industrial segment dominated the market in 2020 and accounted for over 21.0% share of the global revenue. Gas detection equipment used for industrial purposes ensures safety in all working environments. These detectors are used in mining sectors for detecting  and oxygen in mines. The increasing use of gas detection equipment in industries such as pharmaceuticals and food and beverage is also driving the market growth.

The petrochemical segment is anticipated to register the fastest growth over the forecast period. The increasing use of gas detection equipment for monitoring hazardous gases in oil refineries, pipelines, processing plants, and LPG/LNG plants is driving the segment growth. In the petrochemical industry, gas leaks can pose disastrous consequences, creating a need for gas detection equipment. At the same time, the rise in the exploration of shale gases is also one of the major factors driving the demand for gas detection equipment in the natural gas and petroleum industry.

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 Players

  • ABB

  • Airtest Technologies, Inc.

  • FLIR Systems, Inc.

  • Fluke Corporation

  • General Electric Company

  • Honeywell International Inc.

  • Lynred

  • Opgal

  • Siemens

  • Thermo Fisher Scientific, Inc.

Market Segmentation

  • Product Outlook

    • Fixed Gas Detector

    • Portable Gas Detector

  • Technology Outlook 

    • Semiconductor

    • Infrared (IR)

    • Laser-based Detection

    • Catalytic

    • Photoionization Detector (PID)

    • Others

  • End-use Outlook

    • Medical

    • Building Automation & Domestic Appliances

    • Environmental

    • Petrochemical

    • Automotive

    • Industrial

    • Others

  • Regional Outlook

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • Germany

      • U.K.

    • Asia Pacific

      • China

      • India

      • Japan

    • South America

      • Brazil

    • Middle East & Africa

The Gas Detection Equipment market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Gas Detection Equipment market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Gas Detection Equipment market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Gas Detection Equipment market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Gas Detection Equipment market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Gas Detection Equipment capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Gas Detection Equipment by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Gas Detection Equipment market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Gas Detection Equipment market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Gas Detection Equipment market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Gas Detection Equipment industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The Gas Detection Equipment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Gas Detection Equipment market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Gas Detection Equipment market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Gas Detection Equipment market. These factors have benefited the growth of the global market for Gas Detection Equipment. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Gas Detection Equipment. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Gas Detection Equipment are as follows:

  • Historic Year: 2017-2020
  • Base Year: 2021
  • Forecast Year 2021 to 2030

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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