Enjoy complimentary customisation on priority with our Enterprise License!
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.
Download Report Sample to Unlock the Gas Detection Equipment Market Size for the Forecast Period and Other Important Statistics
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.
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.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
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.
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.
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:
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Product
6 Market Segmentation by Application
7 Customer landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
Get the report (PDF) sent to your email within minutes.