Gas Detection Equipment Market Size Worth $8.38 Billion By 2028: Grand View Research, Inc.

SAN FRANCISCO, April 6, 2021 /PRNewswire/ -- The global gas detection equipment market size is expected to reach USD 8.38 billion by 2028, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 9.7% from 2021 to 2028. The market growth can be attributed to the growing awareness among governments regarding the harmful effects of greenhouse gases, coupled with their increased efforts toward protecting the environment. Major industries such as petroleum, oil, and gas, among others are needed to comply with safety and environmental regulations which are also major factors driving the market growth.

Key suggestions from the report:

• In terms of product, the fixed gas detector segment is expected to retain its dominance over the forecast period. The ability of fixed gas detectors to ensure workforce safety is driving the segment growth
• In terms of technology, the infrared gas detection technology segment dominated the market in 2020 and is expected to witness growth over the forecast period. Infrared gas detectors are maintenance-free, which is one of the major factors driving the market growth
• In terms of end-use, the industrial segment dominated the market in 2020. The increasing demand for detectors in the mining industry is driving the segment growth
• The increasing adoption of gas detection equipment in emerging economies such as India and China is expected to create growth opportunities for the market players in the Asia Pacific region over the forecast period

Read 150 page research report with ToC on "Gas Detection Equipment Market Size, Share & Trends Analysis Report By Product, By Technology (Infrared, Catalytic, PID), By End-use, By Region, And Segment Forecasts, 2021 - 2028" at: https://www.grandviewresearch.com/industry-analysis/gas-detection-equipment-market

Many companies are focused on introducing drone-based gas detection equipment, which is expected to create new opportunities for market growth in the coming years. For instance, in February 2019, FLIR Systems, Inc. announced the launch of FLIR MUVE C360, a multi-gas detector built for unmanned aerial systems. FLIR MUVE C360 aims to transform the way emergency teams approach environmental, chemical, and industrial incidents.

IR camera-based gas detectors are gaining traction owing to their capability of detecting combustible gases that are not visible to the human eyes. Uncooled IR cameras are widely in demand by various industries, which has resulted in increased efforts by companies worldwide to address this demand. For instance, in February 2019, FLIR Systems, Inc. announced the launch of FLIR GF77 Gas Find IR, an uncooled thermal camera for detecting methane.

The COVID-19 pandemic is anticipated to favorably impact market growth in the near future. Hospitals have been using gas detection equipment for monitoring oxygen tanks during the pandemic. During the COVID-19 situation, the U.K. government laid down guidelines highlighting the hazards caused by the increased oxygen level due to the high density of ventilators. This initiative is expected to contribute to market growth.

Grand View Research has segmented the global gas detection equipment market on the basis of product, technology, end-use, and region:

• Gas Detection Equipment Product Outlook (Volume, Thousand Units; Revenue, USD Million, 2016 - 2028)
• Fixed Gas Detector
• Portable Gas Detector
• Gas Detection Equipment Technology Outlook (Volume, Thousand Units; Revenue, USD Million, 2016 - 2028)
• Semiconductor
• Infrared (IR)
• Laser-based Detection
• Catalytic
• Photoionization Detector (PID)
• Others
• Gas Detection Equipment End-use Outlook (Volume, Thousand Units; Revenue, USD Million, 2016 - 2028)
• Medical
• Building Automation & Domestic Appliances
• Environmental
• Petrochemical
• Automotive
• Industrial
• Others
• Gas Detection Equipment Regional Outlook (Volume, Thousand Units; Revenue, USD Million, 2016 - 2028)
• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• U.K.
• Asia Pacific
• China
• India
• Japan
• South America
• Brazil
• Middle East & Africa

List of Key Players in the Gas Detection Equipment Market

• ABB
• Airtest Technologies, Inc.
• FLIR Systems, Inc.
• Fluke Corporation
• General Electric Company
• Honeywell International Inc.
• Lynred
• Opgal
• Siemens
• Thermo Fisher Scientific, Inc.

Find more research reports on Sensors & Controls Industry, by Grand View Research:

• Shale Gas Market – The global shale gas market size was valued at USD 68.3 billion in 2019 and is projected to grow at a compound annual growth rate (CAGR) of 8.5% from 2020 to 2027. Rising energy demand along with depleting conventional gas reserves has resulted in a shift towards unconventional natural gas reserves such as shale gas, tight gas, and coal bed methane.
• Ultrasonic Sensors Market – The global ultrasonic sensors market size was valued at USD 3.89 billion in 2020. It is expected to expand at a compound annual growth rate (CAGR) of 6.6% from 2021 to 2027. An ultrasonic sensor measures the distance of a target object using ultrasonic sound waves, wherein a transducer is used to send and receive ultrasonic pulses and measure time lapses between their transmission and reception.
• Machine Tools Market – The global machine tools market size was valued at USD 77.21 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 4.0% from 2020 to 2027. The strong emphasis on achieving higher productivity and reducing downtime in the industrial sector is expected to drive growth.

Gain access to Grand View Compass, our BI enabled intuitive market research database of 10,000+ reports

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Contact:

Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: [email protected] 
Web: https://www.grandviewresearch.com 
Follow Us: LinkedIn | Twitter 

SOURCE Grand View Research, Inc.