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Portable Gas Detection Equipment Market Segmentation by Product Type (Wearable Gas Detectors, Non-wearable Gas Detectors); by Technology (Single Gas Detector, Multi-Gas Detector); by End-Use Industry (Oil & Gas, Mining, Building Automation, and Others) – Global Demand Analysis & Opportunity Outlook 2031

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IN THE NEWS

May 2021: Drägerwerk AG & Co. KGaA introduced new flexible and cost-efficient wireless gas detection solution for plants which can continuously monitor toxic gases and oxygen, covering a spectrum of 140 different hazardous gases.

October 2021: Honeywell International, Inc. announced the release of two new next generation of open path gas detectors that can be connected via Bluetooth. These use advanced optics and high-powered IR technology, and can monitor continuously for dangerous gases even in fog, rain, snow, and other inclement weather conditions.

Global Portable Gas Detection Equipment Market Highlights Over 2022 – 2031

The global portable gas detection equipment market is estimated to generate a revenue of approximately USD 6 Billion by the end of 2031 by growing at a CAGR of ~4% over the forecast period, i.e., 2022 – 2031. The growth of the market can be attributed to increasing adoption of wireless gas detectors over rising gas demand and stringent safety regulations across various industries. Portable gas detection equipment are 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 vapours among others which cannot be detected by the human senses. They are beneficial in hard to reach environment, and are most significantly installed at comparatively low prices.

Portable-Gas-Detection-Equipment-Market

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In addition to that, the increasing demand of natural gas and growing usage in commercial and residential settings is boosting the demand for portable gas detection equipment. According to International Energy Agency (IEA), the global natural gas production was 4115 billion cubic meters in 2019, while the total consumption was 68.4EJ. Furthermore, with rising prices of petroleum, natural gas is progressively being used as an automobile fuel, increasing the number of natural gas filling stations which require gas detection equipment to prevent gas leakage that can lead to serious accidents. As of 2019, there were over 28 million natural gas vehicles worldwide, while number of natural gas filling stations were over 33 thousand.

However, high cost of portable gas detection sensors, and reduced investments in the industry due to low profit margins are likely to restrain the growth of the market.

The market is segmented by product type into wearable gas detectors and non-wearable gas detectors, out of which, the wearable gas detectors segment is anticipated to hold the largest share over the forecast period owing to customer comfort, ease of use, and operator safety. The non-wearable gas detectors segment is projected to witness the highest growth. The growth of the segment is attributed to its popularity and heavy usage across industrial applications.

Based on technology, the global portable gas detection equipment market is segmented into single gas detector and multi-gas detector. Multi-gas detectors are increasing in popularity in different environments, especially where the risk of multiple gas hazards pose the most. Owing to this, the multi-gas detector segment is projected to witness the highest growth and hold the largest market share over the forecast period.

On the basis of end-user, the market is segmented into oil & gas, mining, building automation, and others, among which, the oil & gas segment is estimated to hold the largest share of the market during the forecast period owing to increasing adoption of portable gas detectors over stringent safety regulations in the working environments to curb incidences of gas related fatalities.

Global Portable Gas Detection Equipment Market Regional Synopsis

Geographically, the global portable gas detection equipment market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region, out of which, North America region is projected to hold the largest market share on account of rising demand for gas detectors in oil & gas industry and improved infrastructural developments in the region. The market in the U.S. is expected to be largest in size in the region on the back of incremental production of shale gas, along with technological advancements in extraction process. According to the U.S. Energy Information Administration (EIA), U.S. shale gas production reached 25,556 billion cubic feet in 2019.

The market in Asia-Pacific region is projected to emerge as the fastest-growing market during the forecast period. The growth of the market can be attributed to high demand for wireless gas detectors and 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.

Middle East & Africa region is expected to witness moderate market growth over the forecast period and hold a sizable share of the global market owing to adoption of wireless gas detectors in mining and oil exploration industry as counter measures required for safer workplace.

Portable-Gas-Detection-Equipment-Market-Share

The global portable gas detection equipment market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global portable gas detection equipment market includes the following segments:

By Product Type

  • Wearable Gas Detectors
  • Non-wearable Gas Detectors

By Technology

  • Single Gas Detection
  • Multi Gas Detection

By End-Use Industry

  • Oil & Gas
  • Mining
  • Building Automation
  • Others

Growth Drivers

  • Increasing adoption of wireless gas detectors over rising gas demand and stringent safety regulations across various industries
  • Increasing demand and usage of natural gas in commercial and residential settings, and as automobile fuel

Challenges

  • High cost of portable gas detection equipment and sensors
  • Reduced investments due to low profit margins

Top Featured Companies Dominating the Market

  • Honeywell International, Inc.
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Siemens
  • MSA
  • Drägerwerk AG & Co. KGaA
  • Ion Science Ltd.
  • Emerson Electric Co.
  • Thermo Fisher Scientific Inc
  • Halma plc
  • Trolex
  • Figaro Engineering Inc.

 

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