Gas Detection Equipment Market Overview
The Global Gas Detection Equipment Market is anticipated to witness significant growth, with a projected Compound Annual Growth Rate (CAGR) of 6.30% during the forecast period and expected to achieve a total market value of USD 7,695.9 million.
Gas detection equipment refers to specialized devices and systems designed to detect the presence of various gases in the surrounding environment. These devices are crucial for ensuring safety in different settings, including industrial facilities, commercial spaces, residential areas, and laboratories. Gas detection equipment is employed to identify potentially hazardous gases and alert individuals to potential dangers, allowing for timely and appropriate actions to be taken to prevent accidents and protect human health.
Gas detection equipment operates using different sensing technologies, such as catalytic sensors, infrared sensors, electrochemical sensors, and photoionization detectors, among others. Each type of sensor is suitable for detecting specific gases, and some devices may incorporate multiple sensors to provide comprehensive gas detection capabilities.
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Key Players
global gas detection equipment market Leading players profiled in the report include
- Sensor Electronics (US)
- Thermo Fisher Scientific Inc. (US)
- Emerson Electric Co. (US)
- General Electric Company (US)
- Honeywell International (US)
- Siemens AG (Germany)
- MSA (US), Drägerwerk AG Co. KGaA (Germany)
- Industrial Scientific (US)
- RKI Instruments, Inc. (RKI) (US).
Market Segmentation
The MRFR report provides an inclusive segmental analysis of the gas detection equipment market report based on end use, technology, and products.
- By product, the gas detection equipment market is segmented into portable gas system and fixed gas system. Of these, the fixed gas detection equipment market is predicted to lead the market over the forecast period followed by portable gas detection segment.
- By technology, the global gas detection equipment market is segmented into multi-gas detection and single-gas detection. Of these, the single-gas detection segment will dominate the market over the forecast period.
- By end use segment, the global gas detection equipment market is categorized into industrial, household, and commercial sectors. The industrial segment is again segmented into water treatment, mining, semiconductors, oil and gas, chemicals and specialty chemicals, and others. Among these, the oil and gas segment will have a major share in the market over the forecast period.
Recent Developments
- In June 2021, General Electric (GE) researchers developed the Compact Vapor Chemical Agent Detector (CVCAD). This wearable detector is designed to provide early warning to first responders about the presence of dangerous chemicals in the air. The development of this advanced technology enhances safety measures and improves the ability to detect potentially harmful substances, benefiting both emergency response teams and the general public.
- In October 2020, Emerson, a global technology and engineering company, acquired Progea Group. Progea is a leading provider of industrial internet of things (IIoT), plant analytics, human-machine interface (HMI), and supervisory control and data acquisition (SCADA) technologies. This strategic acquisition allowed Emerson to bridge a critical technology gap for its customers. By incorporating Progea's expertise, Emerson aimed to lower the total cost of ownership for industrial systems and reduce barriers to seamless digital transformation and integration across multiple vendors. This development is expected to facilitate more successful implementation of IIoT and automation solutions in various industries, including gardening and agriculture.
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