Gas Detection Equipment Market

Gas Detection Equipment Market was valued at USD 4.5 billion in 2022 and is expected to touch USD 8.8 billion in 2030, witnessing a CAGR of 8.8% during the forecast period, owing to the growing use of equipment in mining and oil and gas industries where the risk of gas leakage is usually high.

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Major Gas Detection Equipment Market Drivers

The factors driving the global Gas Detection Equipment market share include the rising demand for plant safety, followed by the increasing focus on personal safety around the world. The gas detection equipment is mainly used to detect the gas lead with a control system. The main aim of this equipment is to identify the presence of harmful gases in the environment and raise the alarm to prevent accidents. In addition to this, the growing emphasis on safety in industrial and commercial spaces is another factor that is contributing to the market growth. There has been an increase in awareness related to the impact of the long-term exposure to the low concentration of toxic gases on the health of the workers. Moreover, the growing safety for the medical and household sector is further creating new opportunities in the market growth over the coming years. Various sensors are used in the gas detector, including ultrasonic sensors, infrared sensors, semiconductor sensors, among others. These sensors are increasingly used in refineries, automobiles, industrial plants, wastewater treatment facilities, household activities, among others. With the growing risk of damages caused by the methane leakage at the time of natural gas extraction, transportation, and power generation, the need for Gas detection equipment has increased to minimize the chances, driving the market growth. For example, in January 2020, the Canadian government decided to minimize the oil and gas methane emissions by 40% to 45% levels by 2025.

Strict norms enforced by the countries to ensure worker’s safety and environment is fueling the market growth. For example, government norms which include the American Society of Heating Refrigeration & Air Conditioning Engineers and Occupational Safety & Health Administration have encouraged the installation of gas detection equipment for safety and security purposes, which is also contributing to the market growth. Moreover, the augmenting adoption of advanced technologies like cloud computing and industrial internet of things (I-IoT) technology in the construction industry and the advancements in nanotechnology have propelled the market growth. Additionally, the growing demand for energy and increasing installations of offshore oil production sites have encouraged the adoption of gas detection equipment to carry out day-to-day oil and gas extractions safely, driving the market growth. Furthermore, various prominent manufacturers are engaged in offering advanced features, including multi-gas detection, which will offer enormous opportunities to the market. Increasing emphasis on minimizing greenhouse gasses and increasing investment to reduce emissions from the oil and gas industry will expand the market growth. For instance, in 2022, the US Department of Energy made an investment of USD 32 million for research and development of new monitoring, measurement, and mitigation technologies to reduce methane emissions across the oil and natural gas producing regions across the United States.

However, the high response time of the gas detectors, along with the changes in the concentration of the gas and intensely competitive market players, are the major factors that are hindering the market growth.

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End-Use Industry – Segment Analysis

Based on the end-use industry, the oil & gas segment is anticipated to grow at a higher CAGR during the forecast period. The increasing demand for wireless gas detection systems in the oil & gas sectors is a major factor that is surging the growth of the market. The end-users are becoming more aware of the various benefits offered by gas detection equipment, such as increases safety, saves cost, and helps in bringing improvement in the plants. This is further helping the market to grow over the coming years. The petrochemical industry is estimated to witness a higher CAGR over the upcoming years, owing to the growing need for gas detection equipment to minimize the hazardous consequences of gas leaks. Growing use of gas detection equipment to monitor hazardous gases in oil refineries, pipelines, processing plants, and LPG/LNG plants and the increasing exploration of shale gases will drive the market growth.

Sensor Type – Segment Analysis

Based on the sensor type, the infrared sensors segment is projected to grow at a faster CAGR during the forecast period. This is mainly due to the increasing awareness related to the various benefits offered by infrared sensors, such as help in reading the moving objects, provides accurate details, among others. The ability of infrared sensors to operate in oxygen-poor and oxygen-rich environments and detect hydrocarbon gas with infrared light, is predicted to boost the segment’s growth.

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Regional – Segment Analysis

Based on the region, North America region is expected to dominate the market over the coming years. This is mainly due to the growing demand for replacement and occupational safety regulations. The gas detection equipment detects the gas leak with a control system so that the process of gas detection can be automatically shut down. North American region is home to several major vendors which is predicted to boost the regional growth. Also, strategic government norms to inhibit gas emissions has paved the way for market. The Environmental Protection Agency (EPA) released a New Source Performance Standards to measure and inhibit methane emissions from reconstructed, new, or modified assets. Moreover, the emerging need to ensure the safety and security of workers continuously exposed to toxic gases is propelling the market growth. Emerging need to prevent accidents caused by gas leakages is another factor paving the way for market. On the other hand, the Asia-Pacific region is projected to grow at a higher CAGR during the forecast period. The increasing demand from the emerging markets of the Asia-Pacific region, including India and China due to the growing investment in the chemicals, petrochemicals, oil & gas sector, among other sectors, is a major factor helping the market grow. A significant increase in the number of Greenfield projects by the Chinese government and increasing operations of various oil companies such as the National Offshore Oil Corporation of China and Oil & Natural Gas Corporation of India will boost the regional growth.

Top Market Players

Various notable players operating in the market include Honeywell International Inc., Siemens, RIKEN KEIKI Co., Ltd., Sensor Electronics, GE DIGITAL, SCHAUENBURG GRUPPE, Raeco Rents, LLC, Industrial Scientific, Trolex, and ESP Safety, among others.

Segments Covered in the Report:

The global Gas Detection Equipment market has been segmented on the basis of Sensor Type, End-Use Industry, Power Source, and regions. Based on Sensor Type, the market is segmented into Infrared sensors, Electrochemical Sensors, and Metal Oxide Semiconductor (MOS) sensor. Based on End-Use Industry, the market is segmented into Oil & Gas, Water Treatment, Semiconductor, Mining, Building Automation and Construction, and Power Generation/Utilities. Based on Power Source, the market is segmented into Battery-powered gas detectors, Hardwired gas detectors with backup batteries, and Hardwired Gas Detectors without backup batteries. 

Key developments:

• • In 2021 – Honeywell International Inc. developed two latest Bluetooth-connected gas detectors with the ability to continuously monitor dangerous gases even in fog, rain, snow, and other inclement weather, supporting facilities keep their oil and gas, petrochemical, chemical, and other workers and industrial sites safe.
  • In 2021 – International Gas Detectors Ltd. entered into a partnership with mPower Electronics Inc., USA, allowing IGD to offer mPower detectors, in order to expand the portable gas detector portfolio. The mPower range, will be available through IGD, includes the NEO portable VOC detectors featuring PID sensors and POLI portable multi-gas portables, with nearly 40 different sensor options.

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Key questions answered in this research report:

• • At what pace is global Gas Detection Equipment market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Gas Detection Equipment market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Gas Detection Equipment market?
  • Which Sensor Type generated maximum revenues in 2019 and identify the most promising Sensor Type during the forecast period?
  • What are the various End-Use Industry areas of global Gas Detection Equipment market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Gas Detection Equipment Market by Sensor Type

• • Infrared sensors
  • Electrochemical Sensors
  • Metal Oxide Semiconductor (MOS) sensor

Global Gas Detection Equipment Market by End-Use Industry

• • Oil & Gas
  • Water Treatment
  • Semiconductor
  • Mining
  • Building Automation and Construction
  • Power Generation/Utilities

Global Gas Detection Equipment Market by Power Source

• • Battery-powered gas detectors
  • Hardwired gas detectors with backup batteries
  • Hardwired Gas Detectors without backup batteries

Global Gas Detection Equipment Market by Region

• • North America Gas Detection Equipment Market (Option 1: As a part of the free 25% customization)

    • By Sensor Type
    • By End-Use Industry
    • By Power Source
    • US Market All-Up
    • Canada Market All-Up

  • Europe Gas Detection Equipment Market (Option 2: As a part of the free 25% customization)

    • By Sensor Type
    • By End-Use Industry
    • By Power Source
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up

  • Asia-Pacific Gas Detection Equipment Market (Option 3: As a part of the free 25% customization)

    • By Sensor Type
    • By End-Use Industry
    • By Power Source
    • China Gas Detection Equipment Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up

  • RoW Gas Detection Equipment Market (Option 4: As a part of the free 25% customization)

    • By Sensor Type
    • By End-Use Industry
    • By Power Source
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Gas Detection Equipment (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Honeywell International Inc.
  • Siemens
  • RIKEN KEIKI Co., Ltd.
  • Sensor Electronics
  • GE DIGITAL
  • SCHAUENBURG GRUPPE
  • Raeco Rents, LLC
  • Industrial Scientific
  • Trolex
  • ESP Safety