The global portable gas detection equipment market was valued at US$ 1.22 Bn in 2020 and expected to expand at a CAGR of 5.3% during the forecast period from 2021 to 2029. Government regulations promoting occupational health and safety coupled with growing preference for wireless gas detectors, especially for applications that are restricted by confined space and have limited electricity access is identified as the major factor driving demand for portable gas detection equipment worldwide. In addition, superior benefits offered by portable variants in terms of size, mobility, operation, durability, and reliability has had positive impact on the overall growth in the gas detection equipment market worldwide. The introduction of portable natural gas detectors, especially for residential and commercial applications represent a positive outlook for the market growth during the forecast period from 2021 to 2029.
"North America Leads followed by Europe; Asia Pacific to Register Maximum Growth during the Forecast Period"
In 2020, North America led the global portable gas detection equipment market worldwide closely followed by Europe. The collective value contribution from North America and Europe stood at around two-third of the total market value in the same year. The combination of factors including stringent government regulations concerning occupational safety and dedicated research towards technology advancements by manufacturers in a bid to make their products more reliable, safer, cost effective, and easy to install is driving market demand in developed economies. However, Asia Pacific is poised to witness maximum growth during the forecast period from 2021 to 2029, supported by regulated demand from petrochemicals, oil & gas, and mining industries. Burgeoning demand from water and wastewater treatment and other utilities segments will further fuel market demand in Asia Pacific during the forecast period from 2021 to 2029.
"Industrial Segment Accounts for Lion’s Share and Expected to Generate Steady Revenue Share throughout the Forecast Period"
Based on end-use vertical, the global portable gas detection equipment market is categorized into several major categories, namely: industrial (oil & gas, power generation, energy & mining, utilities, and automotive among others), residential, and commercial. In the base year 2020, the global portable gas detection equipment market was led by the industrial segment. The industrial segment that currently generates over two-third of the global portable gas detection equipment market value, is expected to register steady growth during the forecast period from 2021 to 2029, retaining its leading position. The growth in the segment will be majorly driven by demand from oil & gas industry in wake of increasing shale gas exploration activities worldwide. Stringent government regulations and mandates that promote workplace safety remains the principal factor driving market growth in the industrial segment.
"Multi-gas Detectors to Dominate and Register Strong Growth throughout the Forecast Period"
Based on characteristic, the global portable gas detection equipment market is categorized into multi-gas detectors and single-gas detectors. Multi-gas detectors are posed to register strong growth during the forecast period from 2021 to 2029. Multi-gas detectors are capable of limiting and addressing each of toxic, asphyxiating, and combustible hazards posed gases. Thus, portable multi-gas detectors offer relatively greater gas detection coverage than single-gas detectors for intricate working environments that pose risk of injury or death from potentially explosive or toxic ambient gases.
Some of the leading manufacturers profiled in the study include Honeywell Analytics, RAE Systems Inc, Mine Safety Appliances (MSA) Company, Dragerwerk AG & Co. KGaA, Industrial Scientific Corporation, Sensidyne LP, GE Measurement & Control Solutions, Siemens AG, Detcon Inc., Crowcon Detection Instruments, Ltd., Airtest Technologies Inc., and Thermo Fisher Scientific Inc. among others among others.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Portable Gas Detection Equipment market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
Characteristic
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End-use Vertical
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Product
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
