Gas Detection Equipment Market to Hit USD 9.49 Bn by 2029: Competitive Landscape, Industry Analysis, New Opportunities, Dynamics and Regional Insights
Pune 11 April 2023: The “Gas Detection Equipment Market” was USD 4.90 Bn in 2021 and is expected to grow at a CAGR of 9.9 percent to reach USD 9.49 Bn by 2029 during the forecast period. The Gas Detection Equipment Market report is published by Maximize Market Research and is available in the market.
Gas Detection Equipment Market Scope and Research Methodology
The Gas Detection Equipment Market report provides a thorough analysis of segments and sub-segments in local, global and regional markets. The report focuses on how drivers, restraints, and macro variables affect local, global and regional Systems of Gas Detection Equipment markets. The report contains a comprehensive analysis of the global Gas Detection Equipment System market’s trends, forecasts, and monetary values. The report includes primary and secondary collection techniques with qualitative and quantitative approaches for the analysis of the Gas Detection Equipment market. The Gas Detection Equipment market report includes aspects of the industry with key players such as market leaders, market followers and new entrants. The bottom-up approach was used in the report for Gas Detection Equipment market estimation. The segment-wise analysis of the Gas Detection Equipment Market is divided into Type and End-use Type.
The report provides a thorough analysis of the demand projections, market trends, and micro and macro factors Gas Detection Equipment market. The report covers the factors that are driving and restricting the Gas Detection Equipment market’s growth. The report uses analytical methodologies such as Porter’s five forces analysis and PESTLE of the Gas Detection Equipment Market to provide market insights.
Gas Detection Equipment Market Dynamics
The companies collaborate with their employees by using Bluetooth-enabled gas detection devices. The technological advancements including the integration of the Internet of Things (IoT) and cloud computing in gas detection systems help to influence the growth of the Gas Detection Equipment Market.
The Gas Detection Equipment Market is driven by the adoption of strict safety regulations, robust investment in research and development activities, growth in the oil and gas industries and an increase in cases of workplace accidents in industries. The rapid industrialization and urbanization in developing countries coupled with increasing construction activities is also a growth factor for the market.
During the forecast period, the market growth is expected to be hampered by the high costs of gas detection equipment.
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Gas Detection Equipment Market Regional Insights
In 2022, Asia Pacific dominated the Gas Detection Equipment Market with a 45 percent market share. The regional market is driven by the increasing number of chemical production facilities, advances in sensor technology increase in the number of greenfield projects, rapid industrialization and growing awareness about workplace safety. The substantial cash flows produced by the utilization of corporate infrastructure and equipment help to drive the regional market.
The high penetration of the key companies, rising investment in safety and security and increasing demand for gas detection equipment from developing industries such as China, India and Japan are also growth contributors to the Gas Detection Equipment Market.
Gas Detection Equipment Market Segmentation
By Type
- Fixed Gas Detector
- Portable Gas Detector
By End-use Type
- Oil and Gas
- Chemicals and Petrochemicals
- Water and Wastewater
- Metal and Mining
- Utilities
- Other
Gas Detection Equipment Market Key Players Include:
- Interscan Corporation (US)
- Honeywell International, Inc.(US)
- Carrier Global Corporation (US)
- Industrial Scientific Corporation (US)
- Emerson Electric Co. (US)
- Aerionics, Inc. (US)
- MSA Safety, Inc. (US)
- RKI Instruments, Inc. (US)
- Sensor Electronics Corporation (US)
- Teledyne Technologies, Inc. (US)
- Mil-Ram Technology, Inc (US)
- Emerson Electric Co. (US)
- Thermo Fisher Scientific Inc. (US)
- Blackline Safety Corporation (Canada)
- Dragerwerk AG & Co. KGaA (Germany)
- Process Sensing Technologies Ltd. (UK)
- Trolex Ltd. (UK)
- Halma plc (UK)
- ION Science, Inc. (UK)
- The Linde Group (Ireland)
- RIKEN KEIKI Co., Ltd. (Japan)
- Hanwei Electronics Group Corporation (China)
- Beijing SDL Technology Co., Ltd. (China)
- Active Environmental Solutions (Australia)
Table of Content for Global Gas Detection Equipment Market:
- Global Gas Detection Equipment Market: Research Methodology
- Global Gas Detection Equipment Market: Executive Summary
- Market Overview and Definitions
- Introduction to Global Market
- Summary
- Key Findings
- Recommendations for Investors
- Recommendations for Market Leaders
- Recommendations for New Market Entry
- Global Gas Detection Equipment Market: Competitive Analysis
- MMR Competition Matrix
- Market Structure by region
- Competitive Benchmarking of Key Players
- Consolidation in the Market
- M&A by region
- Key Developments by Companies
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Challenges
- Market Dynamics
- PORTERS Five Forces Analysis
- PESTLE
- Regulatory Landscape by region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
- COVID-19 Impact
- Global Gas Detection Equipment Market Segmentation
- Global Market, by Type (2021-2029)
- Global Market, by End-use Type (2021-2029)
- Regional Gas Detection Equipment Market (2022-2029)
- Regional Market, by Type (2021-2029)
- Regional Market, by End-use Type (2021-2029)
- Regional Market, by Country (2021-2029)
- Company Profile: Key players
- Company Overview
- Financial Overview
- Global Presence
- Capacity Portfolio
- Business Strategy
- Recent Developments
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis of the Type, End-use Type and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
Key questions answered in the Gas Detection Equipment Market are:
- What is Gas Detection Equipment?
- What was the Gas Detection Equipment market size in 2021?
- What is the growth rate of the Gas Detection Equipment Market?
- Which are the factors expected to drive the Gas Detection Equipment market growth?
- What are the different segments of the Gas Detection Equipment Market?
- What are the factors restraining the growth of the Gas Detection Equipment Market?
- What is the demand pattern of the Gas Detection Equipment Market?
- What are the upcoming industry applications and trends for the Gas Detection Equipment Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for Gas Detection Equipment Market?
- Who are the leading companies and what are their portfolios in Gas Detection Equipment Market?
- What major challenges could the Gas Detection Equipment Market face in the future?
- What segments are covered in the Gas Detection Equipment Market?
- Who are the key players in the Global Gas Detection Equipment market?
- What are the upcoming industry applications and trends for the Gas Detection Equipment Market?
Maximize Market Research is leading Automation & Process Control and research firm, has also published the following reports:
Portable Gas Detection Equipment Market – The market size is expected to reach USD 6.30 Bn by 2029 at a CAGR of 5.03 percent during the forecast period. The market is driven by the increasing preference for wireless detectors and the growing popularity of natural gas detectors in commercial and residential settings.
Oil and Gas Pipeline Leak Detection Equipment Market – The market size is expected to reach USD 3.14 Bn by 2029 at a CAGR of 3.90 percent during the forecast period. The market is driven by the increasing incidents of oil and gas pipeline leakages and rising the number of incidents of pipeline leakages.
About Maximize Market Research
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