Segmentation by Product Type (Wearable Gas Detectors and Non-wearable Gas Detectors); by Technology (Single Gas Detector and Multi-Gas Detector); and by End-Use Industry (Oil & Gas, Mining, Building Automation, and Others) – Global Supply & Demand Analysis & Opportunity Outlook 2023-2035
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The global portable gas detection equipment market is estimated to garner a revenue of ~USD 6 billion by the end of 2035 by growing at a CAGR of ~4% over the forecast period, i.e., 2023 – 2035. Further, the market generated a revenue of ~USD 4 billion in the year 2022. The growth of the market can be attributed to the increasing adoption of wireless gas detectors over rising gas demand and stringent safety regulations across various industries. In addition to that, the increasing demand for natural gas and growing usage in commercial and residential settings are boosting the demand for portable gas detection equipment. According to International Energy Agency (IEA), global natural gas production was ~4115 billion cubic meters in 2019.
Portable gas detection equipment is used to detect combustible gases in order to maintain safety, along with detecting oxygen deficiency in confined spaces, known and unknown gas hazards such as toxic gases, and vapors among others which cannot be detected by the human senses. They are beneficial in the hard-to-reach environment and are most significantly installed at comparatively low prices. Furthermore, with rising prices of petroleum, natural gas is progressively being used as an automobile fuel, increasing the number of natural gas filling stations that require gas detection equipment to prevent gas leakage which can lead to serious accidents. As of 2019, there were over 28 million natural gas vehicles worldwide, while the number of natural gas filling stations was over 33 thousand.
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Base Year |
2022 |
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Forecast Year |
2023-2035 |
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CAGR |
~4% |
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Base Year Market Size (2022) |
~ USD 4 Billion |
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Forecast Year Market Size (2035) |
~ USD 6 Billion |
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Regional Scope |
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Growth Drivers
Growing Air Pollution across the Globe – air pollution is so prevalent at a global scale that nearly 11% of the deaths are caused by air pollution worldwide while the annual rate of death occurring owing to air pollution is estimated to be around 7 million. It is also estimated that in every 10 people, 9 of them breathe contaminated air.
Portable gas detection equipment is used to detect the level of gas in the air and can be installed in factories, vehicles, households, mines, and others. It notifies people before the gases in the air breach the normal level and can deliver significant harm to people. Hence, as air pollution is rising, the utilization of portable gas detection equipment also increases so people can check the polluted areas and stop visiting there.
Rising Geriatric Population – Elderly population is more prone to get respiratory diseases such as asthma than children and adults owing to weak cardiovascular systems. The percentage of geriatrics is estimated to be doubled from 2015 to 2050, reaching 22% from 12%. Hence, the devices are quite useful for those above 65.
Increasing Production and Consumption of Natural Gas – as of 2021, nearly 35,000,000 million cubic feet of natural gas was produced in the United States while the consumption was projected to be around 30,000,000 million cubic feet. This surge in production requires large labor to work in mines and factories where it is mandatory to install gas detection equipment.
Growing Incidences of Gas Leaks – for instance, it was estimated that owing to gas leaks or explosions in gas pipelines in the United States, almost 15 people lose their lives every year. Additionally, the local fire department in the USA receives approximately 100,000 cases of LP gas leaks every year. Hence, the demand for the installation of gas detection equipment is estimated to spike during the forecast period.
Challenges
Portable gas detection equipment is quite expensive to install and medium class population is projected to find it difficult to install this equipment in their households. Additionally, most people are not aware of portable gas detection equipment, hence, this factor is estimated to limit the market growth over the forecast period.
The global portable gas detection equipment market is segmented and analyzed for demand and supply by product type into wearable gas detectors and non-wearable gas detectors. Out of these types of portable gas detection equipment, the wearable gas detectors segment is estimated to gain the largest market share in the year 2035. The growth of the segment can be attributed to the increment in customer comfort, ease of use, operator safety, and the provision of higher air quality monitoring systems. The wearable gas detectors segment is projected to witness the highest growth on the back of its popularity and heavy usage across industrial applications. Wearable gas detectors are used to prevent the emission of hazardous gases from vehicles that can cause severe respiratory diseases in the global population. For instance, in 2020, nearly 10,000 million metric tons of carbon was emitted in China alone. The mixing of these pollutants in the air has become a global issue and governments of various nations along with countless organizations are working in this field to make environmental pollution free which is anticipated to be a major factor to drive the growth of the market over the forecast period.
The global portable gas detection equipment market is also segmented and analyzed for demand and supply by the end-user industry into oil & gas, mining, building automation, and others. Amongst these segments, the oil & gas segment is expected to garner a significant share in the year 2035. Portable gas detection equipment is heavily installed in oil & gas mills and mines to prevent any unpleasant accidents that can endanger the lives of workers and people living in nearby areas. For instance, it was estimated in 2020, nearly 600,000 cases of gas leaks are reported annually across the globe. Portable gas detection equipment is generally installed in oil refineries, gas turbine & power generation, wells & oil drilling sites, and others. Hence, such a higher utilization of portable gas detection equipment in the oil & gas industry is expected to drive the segment growth over the forecast period.
Our in-depth analysis of the global portable gas detection equipment market includes the following segments:
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By Product Type |
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By Technology |
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By End-Use Industry |
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The North American portable gas detection equipment market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2035. The growth of the market can be attributed majorly to the rising demand for gas detectors in the oil & gas industry and improved infrastructural developments in the region. The market in the U.S. is expected to be the largest in size on the back of the higher production rate of shale gas, along with technological advancements in the extraction process. According to the U.S. Energy Information Administration (EIA), U.S. shale gas production reached 25,556 billion cubic feet in 2019 which further reached 26,139 billion cubic feet in 2020.
The market in the Asia-Pacific region is projected to emerge as the fastest-growing market by obtaining a market share during the forecast period. The growth of the market can be attributed to the high demand for wireless gas detectors and the increasing adoption of natural gas led by India and China, where gas benefits from strong policy support. The industrial sector in these countries is the main source of demand, which is aspiring to double the consumption of gases to reduce their import dependence. The industrial sector in India is set to represent 36% of the incremental gas demand growth in the region between 2019 and 2025, as per the IEA.
The Middle East & Africa region is expected to witness moderate market growth over the forecast period owing to the adoption of wireless gas detectors in the mining and oil exploration industry as countermeasures required for a safer workplace. Furthermore, the presence of larger resources of oil and gas in this region triggers higher production resulting in the heavy demand for the installation of portable gas detection equipment in the mills and mines. Hence, all these factors are anticipated to enlarge the market size in the region over the forecast period.
Drägerwerk AG & Co. KGaA introduced a new flexible and cost-efficient wireless gas detection solution for plants that can continuously monitor toxic gases and oxygen, covering a spectrum of 140 different hazardous gases.
Honeywell International, Inc. announced the release of two new next-generation open-path gas detectors that can be connected via Bluetooth. They use advanced optics and high-powered IR technology and can monitor continuous dangerous gases even in fog, rain, snow, and other inclement weather conditions.
In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.
Ans: Increasing production and consumption of natural gas and growing air pollution across the Globe are the major factors driving the market growth.
Ans: The market is anticipated to attain a CAGR of ~4% over the forecast period, i.e., 2023 – 2035.
Ans: High cost of portable gas detection sensors, and reduced investments in the industry due to low profit margins are estimated to be the growth hindering factors for the market expansion.
Ans: Asia-Pacific region is expected to provide significant business opportunities for the growth of the market.
Ans: The major players in the market are Siemens Aktiengesellschaft, MSA Company, Drägerwerk AG & Co. KGaA, Ion Science Ltd., Emerson Electric Co., Thermo Fisher Scientific Inc, Halma plc, Trolex Ltd, and others.
Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
Ans: The market is segmented by product type, technology, end-user industry, and by region.
Ans: The wearable gas detectors segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
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