February 15, 2023 03:00 ET | Source: REPORTSINSIGHTS CONSULTING PVT LTD REPORTSINSIGHTS CONSULTING PVT LTD
New York, Feb. 15, 2023 (GLOBE NEWSWIRE) -- The gas detection equipment market is expected to grow at a CAGR of 6.5%, from USD 4.6 Billion in 2022 to USD 7.6 Billion by 2030, as per a report by Reports Insights. The growth can be attributed to increased safety regulations and the need for early detection of gas leaks in various industries. North America and Europe are expected to hold a significant market share, owing to the presence of several key players and stringent safety regulations. The portable gas detectors segment is anticipated to witness high growth, owing to its versatility and ease of use. 0 5ppm Portable Ozone Gas Detector
Gas Detection Equipment Market Size, Share & Trends Analysis, By Type (Fixed and Portable Gas Detection), Detection Type (Single-Gas Detection and Multi-Gas Detection), Gas Type (Flammable, Toxic, and Oxygen), Technology (Semiconductor, Solid-State Sensing, Infrared (IR) Detection, Laser-based Detection, Catalytic, Photoionization Detection (PID) and Others), End Use (Utilities, Mining, Chemicals & Specialty Chemicals, Building Automation & Construction, Food & Beverage, Emergency Services, Automotive, Medical, Household, Oil & Gas, Military / Defense, and Others), By Region and Segment, Forecast Period 2023 – 2030.
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Gas detection equipment is a safety system that detects the presence of various gases within an environment. The equipment is designed to provide early warning of hazardous gases in order to prevent harm to people and damage to equipment. Such equipment is critical in various industries, such as construction, mining, chemical manufacturing, and others to ensure worker safety by alerting workers to the presence of hazardous gases. The functionality of gas detection equipment varies depending on the type of gas being detected. For instance, some gas detectors use chemical reactions to detect gases, whereas others use infrared or ultraviolet spectroscopy.
Moreover, gas detectors typically have an alarm system that is triggered when a hazardous gas is detected, alerting workers to evacuate the area or take other necessary precautions. In some cases, the gas detector is also connected to a ventilation system to help remove hazardous gas from the environment. Therefore, the use of gas detectors is crucial to ensure the safety of workers, residents, and the public. Furthermore, regulations such as Occupational Safety and Health standards (OSHA) require employers to provide a safe working environment, including the use of gas detectors in certain industries. Such compliance is due to the increased rate of gas exposure-related incidents in several industries. For instance, according to the National Fire Protection Association (NFPA), gas leaks and gas-related explosions caused approximately 170 civilian deaths and more than 5,000 injuries in the United States in 2018. Thus, the usage of gas detectors helps to prevent such incidents by providing early warning of gas leaks and allowing individuals to take appropriate action.
Gas Detection Equipment Market Research Report Coverage:-
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Gas Detection Equipment Market Segmentation Details:
Based on type, the fixed gas detection segment contributed the largest market share over 65.2% in 2022. Fixed gas detection systems are used to safeguard manufacturing facilities and the workforce from the dangers of asphyxiation, poisoning, and explosions/fire. Such fixed systems witnessed increased usage into building management systems and other active safety systems due to the capability to trigger a range of responses such as activating visual and audible alarms, shutting down electronic valves, and controlling ventilation and exhaust fans.
Based on detection type, the multi-gas detection segment contributed the largest shares to the market growth in 2022. The increased need of detecting multiple harmful gases, especially in scientific and medical settings where various gases are stored or utilized boosts the demand for multi-gas detection in terms of accurate and precise monitoring. Such device not only provides data for research purposes, but also measures important parameters such as Ambient Temperature (AMB), Dew Point (DP), Relative Humidity (RH), and Altitude (ALTI), which are essential in such types of environments.
Based on gas type, the toxic gases segment is anticipated to contribute substantial shares to the market growth during the forecast period. Several toxic gases are produced by a variety of sources, including industrial processes, chemical reactions, and natural phenomena. Such toxic gases are colorless, odorless, and tasteless which are difficult to detect without the use of specialized equipment. Thus, the usage of gas detection equipment helps to monitor the presence of toxic gases in the air and alert workers of potential dangers in order to take appropriate precautions. This is especially important in industries such as oil and gas, chemical manufacturing, and mining, where exposure to toxic gases is a common hazard.
Based on technology, the infrared (IR) detection segment contributed the largest revenue share over 29.4% in 2022. This method of gas detection has several advantages as compared to other technologies in terms of high sensitivity, and accuracy. IR detectors are suitable for detecting trace amounts of toxic or flammable gases due to their precise ability to measure gas concentrations even at very low levels. Also, IR detectors are specifically calibrated for the detection of specific gases due to the unique IR signature of each gas which acts as an effective tool for gas analysis in a variety of applications. For instance, technology is used in the medical field to monitor anesthesia levels during surgeries. Anesthesia gases such as nitrous oxide, sevoflurane, and isoflurane are accurately detected and monitored with IR technology.
Based on the end user, the oil & gas industry was attributed for the largest market share contribution in 2022. The large usage of gas detection equipment for monitoring the presence of gases such as carbon dioxide and oxygen in oil and gas production processes supports segment growth. Thus, businesses have the opportunity to optimize their processes by measuring the concentration of these gases, and also reduce the risk of explosions and other hazards in production facilities.
Based on region, Asia Pacific contributed the largest shares to the market growth in 2022 in terms of value and volume. The established presence of chemicals and the oil & gas industry especially in countries such as India, China, and Japan supports the high demand for gas detection equipment as mandatory regulatory compliance to authoritative safety standards. Further, growing awareness in terms of workforce safety especially in high-risk sectors such as mining also boosts the market growth in terms of reduced risks of gas leaks.
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List of Major Gas Detection Equipment Market Players
The market research report offers an inclusive analysis of vital parameters such as SWOT analysis, segmental estimation, and regional evaluation to gain the evaluation of market circumstances. Thus, such examination helps in identifying multiple growth opportunities across several technology adoptions, business strategies, product applications, and new product launches. Mentioned are the key players comprising the market circumstances—
Global Gas Detection Equipments Market Segmentation:
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