Air and Gas Leak Detectors Market by Product and Geography - Forecast and Analysis 2021-2025

The predicted growth for the air and gas leak detectors market share from 2021 to 2026 is USD 353.76 billion at a progressing CAGR of 2.90%. This air and gas leak detectors market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The air and gas leak detectors market report offers information on several market vendors, including ABB Ltd., Danaher Corp., Dragerwerk AG & Co. KGaA, Emerson Electric Co., Honeywell International Inc., Johnson Controls International Plc, MSA Safety Inc., Schneider Electric SE, Siemens AG, and Yokogawa Electric Corp. among others. Furthermore, this air and gas leak detectors market forecast report extensively covers segmentation by:

• Product - Fixed detector, portable detector, and detector tube
• Geography - APAC, North America, Europe, MEA, and South America

What will the Air and Gas Leak Detectors Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Air and Gas Leak Detectors Market Size for the Forecast Period and Other Important Statistics

 

Air and Gas Leak Detectors Market: Key Drivers, Trends, and Challenges

The increase in the number of industry safety performance standards is notably driving the air and gas leak detectors market growth, although factors such as high maintenance cost of air and gas leak detection systems may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the air and gas leak detectors industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Air and Gas Leak Detectors Market Driver

One of the key factors driving growth in the air and gas leak detectors market is the increase in the number of industry safety performance standards. Industry safety performance standards play a crucial role when it comes to the development, implementation, and installation of A&G detection systems. For instance, the IEC 615111 standard is for the protection of industrial plants. The standard enlists all mandatory project activities, from the concept or definition phase to the decommissioning phase, which, in general, are necessary to ensure the functional safety of the equipment under control. Over the past few years, the implementation of the IEC 61511 and S84.01 standards for A&G detection systems is becoming more stringent. In addition, an International Society of Automation (ISA) technical report, TR84.00.07, directed at providing guidance on the evaluation of the effectiveness of A&G detection systems, is currently in draft review, which will further propel the growth of the market in focus during the forecast period.

Key Air and Gas Leak Detectors Market Trend

The growing concerns about plant and personnel safety is one of the key air and gas leak detectors market trends supporting the market growth. Several companies are increasingly providing wireless air and gas leak detection systems with growing concerns about plant and personnel safety. In addition to the fact that it has reduced the cost of cabling and other overhead expenses, the advent of wireless instrumentation has also proved to be an important technology in process automation. Moreover, with Fieldbus and wireless networking, communication in process industries has become more simple and easy, particularly in the oil and gas industry, which operates in hostile geographies such as the deep seas and barren land. These factors are expected to increase the adoption of wireless instrumentation for safety-critical applications, which, in turn, will propel the growth of the air and gas leak detectors market during the forecast period.

Key Air and Gas Leak Detectors Market Challenge

The high maintenance cost of air and gas leak detection systems will be a major challenge for the air and gas leak detectors market during the forecast period. The ongoing advances in technology have enhanced the functions of air and gas (A&G) detection systems. However, these systems need periodic maintenance and around-the-clock monitoring. On average, A&G detection systems require testing every 90 days to maintain the calibrated standards that vary with requirements. These tests are necessary to ensure the detection of target flames and gases. Most often, end-users consider installing air and gas detection systems, a one-time investment, and end up neglecting the periodic maintenance costs. This has negatively affected the air and gas leak detectors market growth.

This air and gas leak detectors market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

The growth in the global electronic equipment and instruments market will be driven by factors such as increasing demand for electronic test and measurement equipment, growing demand for metrology equipment and services, and growing demand for POS terminals. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the air and gas leak detectors market during the forecast period.

Who are the Major Air and Gas Leak Detectors Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• ABB Ltd.
• Danaher Corp.
• Dragerwerk AG & Co. KGaA
• Emerson Electric Co.
• Honeywell International Inc.
• Johnson Controls International Plc
• MSA Safety Inc.
• Schneider Electric SE
• Siemens AG
• Yokogawa Electric Corp.

 

This statistical study of the air and gas leak detectors market encompasses successful business strategies deployed by the key vendors. The air and gas leak detectors market is fragmented and the vendors are expanding the market geographically and increasing production capacities by mergers and acquisitions to compete in the market.

Product Insights and News

• ABB Ltd. - The company offers air and gas leak detectors under the brand name SGL Gas Detector for Flammable Gases.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The air and gas leak detectors market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Air and Gas Leak Detectors Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the air and gas leak detectors market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of global electronic equipment and instruments includes the following core components:

• Inputs
• Inbound logistics
• Operations
• Outbound logistics
• Marketing and sales
• After-sales service
• Support activities
• Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

 

Which are the Key Regions for Air and Gas Leak Detectors Market?

For more insights on the market share of various regions Request for a FREE sample now!

50% of the market's growth will originate from APAC during the forecast period. China is a key market for air and gas leak detectors in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

The development in IoT and remote monitoring will facilitate the air and gas leak detectors market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The containment measures restricted business activities and social gatherings across countries in the region. The manufacturing, oil and gas, chemical, and other industries/sectors were compelled to halt their operations and subsequently witnessed a decline in output, thus hampering the demand for air and gas leak detectors in the region during 2021. However, the initiation of COVID-19 vaccination drives in many countries across APAC, and the adoption of safety measures across industrial facilities are expected to reduce the impact of COVID-19 on the market during the forecast period. 

What are the Revenue-generating Product Segments in the Air and Gas Leak Detectors Market?

To gain further insights on the market contribution of various segments Request for a FREE sample

The air and gas leak detectors market share growth by the fixed detector segment will be significant during the forecast period. The demand for fixed leak detectors emerges from industries, including chemical, petrochemical, textile, food, and biotechnology. These industries require continuous monitoring of gas emissions in areas, including production units, laboratories, and other places. Fixed air and gas leak detection systems comprise a gas control panel that communicates with positioned wall-mounted gas detection sensors. They help warn personnel of the presence of toxic gases and safeguard industrial plants from the risk of explosion due to flammable gases. Hence, these detectors ensure a safe working environment by monitoring the depletion of oxygen in an industrial setup. These factors of fixed lead detectors will drive the air and gas leak detectors market growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the air and gas leak detectors market size and actionable market insights on post COVID-19 impact on each segment.

 

Air and Gas Leak Detectors Market Scope
Report Coverage	Details
Page number	120
Base year	2020
Forecast period	2021-2025
Growth momentum & CAGR	Accelerate at a CAGR of 2.90%
Market growth 2021-2025	$ 353.76 million
Market structure	Fragmented
YoY growth (%)	2.13
Regional analysis	APAC, North America, Europe, MEA, and South America
Performing market contribution	APAC at 50%
Key consumer countries	US, China, Germany, and Russian Federation
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	ABB Ltd., Danaher Corp., Dragerwerk AG & Co. KGaA, Emerson Electric Co., Honeywell International Inc., Johnson Controls International Plc, MSA Safety Inc., Schneider Electric SE, Siemens AG, and Yokogawa Electric Corp.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request for a FREE sample

What are the Key Data Covered in this Air and Gas Leak Detectors Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive air and gas leak detectors market growth during the next five years
• Precise estimation of the air and gas leak detectors market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the air and gas leak detectors industry across APAC, North America, Europe, MEA, and South America
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of air and gas leak detectors market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch