The gas detection equipment market share is expected to increase by USD 918.26 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 4.53%.
This gas detection equipment market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers gas detection equipment market segmentation by product (fixed and portable), application (industrial, commercial, and residential), and geography (North America, Europe, APAC, South America, and MEA). The gas detection equipment market report also offers information on several market vendors, including 3M Co., Ati Airtest Technologies Inc., Dragerwerk AG and Co. KGaA, Emerson Electric Co., General Electric Co., Honeywell International Inc., MSA Safety Inc., Robert Bosch GmbH, Siemens AG, and Trolex Ltd. among others.
What will the Gas Detection Equipment Market Size be During the Forecast Period?
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Gas Detection Equipment Market: Key Drivers, Trends, and Challenges
Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The growing production volume of shale gas is notably driving the gas detection equipment market growth, although factors such as technical challenges in the production of gas detectors 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 gas detection equipment industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Gas Detection Equipment Market Driver
The growing production volume of shale gas is one of the key factors driving the growth of the global gas detection equipment market. Globally, shale gas has changed the oil and gas energy structure due to the excess supply it brought into the market, which decreased the price of shale gas. Unlike traditional natural gas, the exploration of shale gas emits large amounts of methane, thereby increasing its greenhouse gas footprint. Methane is harmful to the environment and a source of explosion hazards. Moreover, an increase in the production of shale gas from countries like the US, Russia, Iran, Qatar, Canada, China, Norway, and Saudi Arabia has increased the scope for the adoption of gas detection products and solutions. In addition, the increased need to minimize casualties and government mandates to increase safety measures have led to the rise in the adoption of the latest safety tools like wireless gas detection products in shale gas production, as these tools also offer functional benefits. For instance, real-time monitoring using wireless gas detection solutions has reduced gas emission problems and safeguards plants and industrial assets. The forecast period is expected to witness increased production of shale gas in developing countries, which will drive the global gas detection equipment market.
Key Gas Detection Equipment Market Trend
The emergence of advanced sensors for gas detection will fuel the global gas detection equipment market growth. The sensor technology is witnessing a rapid change due to the increase in R&D from vendors and the growing demand for sensors, which can operate rapidly. Traditionally used gas sensors were bulky and slow. Unlike traditional sensors, the maintenance of advanced sensors is relatively easy with minimum downtime. Besides providing system data, smart sensors also provide information on their real-time status. Smart sensors increase the reliability of the system by decreasing repair costs and minimizing replacement time for the replacement of sensors. In addition, decreasing prices of smart sensors and their ability to supply reliable and real-time data increased their demand in the market. Technological advancement has led to the emergence of low-powered and IoT-connected sensors. For instance, Gas Sensing Solutions is a designer and manufacturer of gas sensors. This manufacturer developed CozIR LP, which is an ultra-low-power, low-profile carbon dioxide sensor IC, which is less than 8mm in size. This sensor consumes half the power consumed by standard sensors. In addition, Nondispersive infrared sensors are increasingly used for gas detection.
Key Gas Detection Equipment Market Challenge
Technical challenges in the production of gas detectors are the major challenge for the global gas detection equipment market growth. During the manufacturing process of gas detectors, factors such as high signal-to-noise ratio, filter shift with temperature and angle, and repeatability are some of the common issues that manufacturers of gas detectors face daily. Moreover, differentiating between signal and noise, which is a major function of optical filters, is one of the most critical issues that manufacturers of gas detectors are facing because filters that do not block noise and transmit the required signals can lead to detectors sending misleading signals or not detecting signals. Achieving repeatability from one optical filter lot to the next lot also leads to some crucial issues with manufacturers of gas detectors because filters that do not have proper tolerance for optical filters may limit or restrict transmission signals for consumers. Filter shift with temperature and angle is another critical issue that manufacturers of gas detectors face because detectors are rarely deployed in ideal environments with optimal temperatures. In real-time, the center wavelengths of these gas detectors may shift to accommodate changes in temperatures, thereby leading to false positive or negative results.
This gas detection equipment 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
Technavio categorizes the global gas detection equipment market as a part of the global industrial machinery market. 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 gas detection equipment market during the forecast period.
Who are the Major Gas Detection Equipment Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- 3M Co.
- Ati Airtest Technologies Inc.
- Dragerwerk AG and Co. KGaA
- Emerson Electric Co.
- General Electric Co.
- Honeywell International Inc.
- MSA Safety Inc.
- Robert Bosch GmbH
- Siemens AG
- Trolex Ltd.
This statistical study of the gas detection equipment market encompasses successful business strategies deployed by the key vendors. The gas detection equipment market is fragmented and the vendors are deploying growth strategies such as technological innovations, competitive costs, and high product quality to compete in the market.
Product Insights and News
- 3M Co. - The company offers gas detection equipment such as Organic Vapor monitor, Ethylene oxide monitor, Macurco combustible fixed gas detector, and many more.
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 gas detection equipment 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.
Gas Detection Equipment Market Value Chain Analysis
Our report provides extensive information on the value chain analysis for the gas detection equipment market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain 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 the global industrial machinery market includes the following core components:
- Inputs
- Inbound logistics
- Operations
- Outbound logistics
- Marketing and 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 Gas Detection Equipment Market?
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45% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for the gas detection equipment market in APAC. Market growth in this region will be faster than the growth of the market in regions.
The growing production volume of shale gas will facilitate the gas detection equipment 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 outbreak of COVID-19 hindered the growth of the regional gas detection equipment market in 2020. Several countries such as China, India, Nepal, Pakistan, South Korea, Malaysia, Sri Lanka, and the Philippines were under either a partial or full lockdown due to the pandemic, owing to which various manufacturing industries were closed. This had a negative impact on the growth of the gas detection equipment market in the region. However, with increasing COVID-19 vaccination drives and relaxations in lockdown norms, manufacturing activities have been resuming since early 2021. This is expected to boost the demand for gas detection equipment in the region during the forecast period.
What are the Revenue-generating Product Segments in the Gas Detection Equipment Market?
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The gas detection equipment market share growth in the Fixed segment will be significant during the forecast period. Fixed gas detection equipment is mostly adopted in large facilities and is configured using relays and customizable alarm point settings, primarily to ensure that the detectors instantly respond to atmospheric hazards. Relays facilitate a spectrum of functions that are crucial safety features such as opening/closing ventilation and exhaust fans, triggering auditory and visual alarms, and closing electronic valves.
This report provides an accurate prediction of the contribution of all the segments to the growth of the gas detection equipment market size and actionable market insights on post COVID-19 impact on each segment.
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Gas Detection Equipment Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.53% |
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Market growth 2021-2025 |
$ 918.26 million |
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Market structure |
Fragmented |
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YoY growth (%) |
2.97 |
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Regional analysis |
North America, Europe, APAC, South America, and MEA |
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Performing market contribution |
APAC at 45% |
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Key consumer countries |
US, China, Germany, UK, and India |
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Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
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Key companies profiled |
3M Co., Ati Airtest Technologies Inc., Dragerwerk AG, and Co. KGaA, Emerson Electric Co., General Electric Co., Honeywell International Inc., MSA Safety Inc., Robert Bosch GmbH, Siemens AG, and Trolex Ltd. |
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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 the forecast period |
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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. |
What are the Key Data Covered in this Gas Detection Equipment Market In Regional Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive gas detection equipment market growth during the next five years
- Precise estimation of the gas detection equipment market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the gas detection equipment industry across North America, Europe, APAC, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of gas detection equipment market vendors
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