Global Gas Detector Market: Demand Analysis and Growth Forecast
A latest research report from IndustryARC projects that the global gas detector market size was around $2,100 million - $2,400 million in 2018, and its value is projected to grow at a CAGR of around 4% during the forecast period 2019-2025. The information is presented in a new market research report from IndustryARC, titled: “Gas Detector Market: By Sensor Type (Electrochemical, Ultrasonic, Semiconductor, Infrared Sensors & Others); By Product (Portable & Fixed); and By Application (Oil & Gas, Building Automation, Mining, Industrial & Others) & Geography - Forecast (2019 - 2025).”
Gas detectors find application in real-time detection of flammable and toxic gases such as methane, carbon monoxide, hydrogen sulphide, and hydrogen cyanide. In addition to this, photoionization detectors measure volatile organic compounds even in the harsh environments and are adding to the prosperity of the gas detectors market. The devices are compulsory to use at airtight areas such as mines, sewers, agricultural airtight barns, tank cars and tunnels; and hazardous areas to avoid abnormal circumstances and oxygen deficiency hazard. Toxic and combustible gas alarms are majorly used at workplaces to get warned about gas leaks in advance. Solid state gas detectors such as metal oxide semiconductors, smart gas detector, and portable gas leak detectors are the more preferable types among various types.
Browse 64 Market Tables, 177 Figures spread through 150 slides and an in-depth TOC “Gas Detector Market (2019 - 2025)”
Global Gas Detector Market: Leading Segments
Mining application holds a major share in the gas detector market and is estimated to grow at a CAGR of around 3.5% - 4.5 % over the forecast period 2019-2025, againsthe projections of the report. Increasing health and safety concern of workers at most challenging industry is dominating the use of gas detectors. Gas detectors play a key role in safeguarding against accidents through toxic gases, vapors and hazardous substances in underground mines. It is a more effective waste management solution in mining companies to protect environment which provides more expensive materials.
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On the basis of geographical analysis provided in the IndustryARC market research report, North America region held a major share of around 27% - 30% among other regions of the gas detectors market in 2018. In the U.S. optical gas imaging (OGI) regulations coupled with Environmental Protection Agency aim to reduce methane emissions. CDC states that, in the U.S., more than 438 people die because of carbon monoxide poisoning on an annual basis. The U.S. government’s policy regarding greenhouse gases in gas leak detection and The U.S. Department of Energy (DOE)’s National Energy Technology Laboratory (NETL) research work in expanding next generation methane technology, these factors altogether retaining the dominance of North America gas detectors market.
Global Gas Detector Market Trends
Effective implementation of enforced government regulations regarding harmful gases emission reduction to protect environment
Enhancements of next generation methane detection technology using remote sensing and artificial intelligence to detect gas leaks more efficiently ever before by reducing false alarms
Robust and long lasting infrared sensors technology in detecting industrial gases emission along with methane gas emission
Global Gas Detector Market: Competitive Landscape
Some of the major companies identified in the report that are currently holding majority shares in the global gas detector market are ABB, Emerson Electric Co, Honeywell International Inc, Siemens AG, Figaro Engineering Inc, Drager Nederland B.V., MSA Safety Inc, RIKEN KEIKI Co., Ltd, Dragerwerk AG & Co KgaA, and SENSIT Technologies.
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