Gas Detection Equipment Market (Fixed Gas Detection Equipment and Portable Gas Detection Equipment) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 - 2022
A gas detection equipment is a safety device that detects and monitors concentration of gases in the air. A gas detection equipment use a control system incorporating sensor that detects the presence of toxic and/or combustible/flammable gases in its immediate vicinity. Thus, detectors are increasingly used for wide range of applications (gas level monitoring, gas detection, etc.) in multiple end-use verticals including industrial, oil and gas, mining, and building automation to provide adequate safety for working personnel. Growing popularity of natural gas detectors in commercial and residential segment is one of the major trends prevailing in the gas detection equipment market.
The
global gas detection equipment market, valued at US$ 2,196.0 Mn in 2013, is expected to see growth at a CAGR of 5.0% during the forecast period from 2014 to 2022. Gas detection equipment are majorly used as a part of safety system for detecting leakage and presence of gases in a given area. A gas detector is linked internally to a control system to sound an alarm to operators and shut down the running processes on gas detection in the consigned area. It can also be used for detecting flammable, toxic and combustible gases. Increasing demand for occupational health and personnel safety, globally, has led to an increase in the demand for gas detection equipment in different verticals including oil & gas, industrial and manufacturing, building automation, and mining among others. Use of gas detectors in households and medical sector is expected to offer immense growth opportunity in the gas detection equipment market.
In 2013, industrial segment was the largest end use segment, accounting for around 36% of the global market revenue. This dominance is majorly on account of stringent regulations imposed for promoting safety of employees at workplace. The global gas detection equipment market was dominated by the combustible gas detection segment in 2013. The advent of high-temperature-tolerant catalytic gas detectors is contributing to an increasing adoption of combustible gas detectors across varied end-use verticals. Fixed gas detection equipment was the largest equipment type in 2013. However, portable gas detectors are expected to witness fastest growth over the forecast period. Growing preference for flexible, portable equipment for gas leak detection, especially in confined areas with limited access is expected to boost the demand for portable gas detectors.
In 2013, North America was the largest regional market for gas detection equipment, accounting for majority of the market revenue share. Over the forecast period, North America is poised to witness steady growth owing to stringent government rules and regulations regarding work safety in the region. Some of the major players in the gas detection equipment market include Drägerwerk Co., Industrial Scientific Corporation, Siemens AG, Honeywell Analytics, Mine Safety Appliances, and RAE Systems, Sensidyne LP, Sensor Electronics, and ENMET Corporation among others.
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