Gas Detection Equipment Market (By Product: Fixed Gas System, Portable Gas System, Others; By Technology: Single-Gas Detection, Multi-Gas Detection; By End Use: Household, Commercial, Industrial) - Global Industry Analysis, Market Size, Opportunities and Forecast 2020 - 2027

Category : Semiconductor and Electronics | Delivery Format : PDF | Status: Published | Pages : 190

The global gas detection equipment market is anticipated to grow at a CAGR of around 5.3% during the forecast period 2020 to 2027 and to reach around US$ 5.6 Bn by 2027.

Market Dynamics

Rising awareness among consumers related to toxic gases, increasing incidences of gas leakage in various end-use industries, and stringent government regulations related to work place safety are major factors expected to drive the growth of global market. In 2020, there was a leak from the LG Polymers plant in the city of Visakhapatnam in Andhra Pradesh state. At least 11 people have been killed by a massive gas leak at a chemical plant in southern India, with 800 others taken to hospital. Similarly, in 2016 there was a massive leak that vented millions of pounds of natural gas from a Los Angeles storage facility. The 112-day leak at the Aliso Canyon facility released about 5 billion cubic feet of methane into the atmosphere, making it by far the biggest single emitter of the gas anywhere in the country.

Government is imposing various regulations related to work places safety and household safety in order to avoid any mishap. According to the International Safety Equipment Association, the company must install fire (flame, heat, or smoke) sensors in all enclosed classified areas. They must install gas sensors in all inadequately ventilated, enclosed classified areas. A fuel-gas odorant or an automatic gas-detection and alarm system is required in enclosed, continuously manned areas of the facility which are provided with fuel gas. A gas detection system is not required for living quarters and doghouses that do not contain a gas source and that are not located in a classified area.

Major players approach business development through strategic acquisition which is expected to help the company to enhance the customer base and increase the product offerings. This is expected to augment the growth of global market.

In 2019, MSA Safety Inc, a global manufacturer, and supplier of safety products acquired Sierra Monitor Corporation. The acquisition was focused on enhancing the company product portfolio in fixed gas and flame detection (FGFD) instruments and Industrial Internet of Things (IIoT) solutions. This helped the company to enhance the customer base and increase the revenue share.

In 2019, Amphenol, a major producer of electronic and fiber optic connectors, cable, and interconnect systems, acquired SSI Controls Technologies. This acquisition helped the company to enhance the product portfolio in sensor technology.

In addition, major players approach towards high investment for product development and focus on introduction of innovative solutions is expected to impact the growth of target market. In 2020, Sensirion AG a global manufacturer of environmental and flow sensors launched a new SGP40 VOC (volatile organic compound) sensor for indoor air quality applications for residential purposes. This is expected to help the company to enhance the business presence and increase the customer base. Factors such as technological glitches and complex manufacturing of these devices are expected to hamper the growth of global gas detection equipment market. In addition, high competitive scenario is forcing players to operate on low profit ratio this is expected to challenge the growth of target market. However, rapid technological advancements by major players, introductions of more enhanced and precise products, and increasing green building concept are factors expected to create new opportunities for players operating in gas detection equipment market over the forecast period. In addition, increasing partnerships between regional and international players is expected to support the revenue transaction of the target market.

Segment Analysis by Region

The market in North America is expected to account for major revenue share in the global market due to rising awareness among consumers. In addition, presence of large number of players operating in the country and introduction of innovative solutions are factors expected to augment the growth of target market in this region. In addition, increasing acquisition activities by major players is expected to support the revenue growth of target market.

The market in Asia Pacific is expected to witness faster growth in the gas detection equipment market due to changing government regulations related to consumer safety. Rapid industrialization in developing countries, establishment of new facilities, is resulting in demand for gas detection equipment this is expected to impact the growth of target market in this region.

Competitive Landscape                                                                                 

The global gas detection equipment market is highly competitive due to presence of large number of players and innovative product offerings. In addition, business expansion activities through partnerships and agreements are factors expected to further increase the competition. 

Gas Detection Equipment Market Segment Analysis, 2019

The global gas detection equipment market is segmented into products, technology, and end use. The product segment is bifurcated into fixed gas system and portable gas system. Among product, the fixed gas system segment is expected to account for significant revenue share in the global market. The end use segment is divided into household, commercial, and industrial. Among end use the household segment is expected to witness noticeable growth in the target market. Players operating in the global gas detection equipment market are RKI Instruments, Inc., Industrial Scientific, Drägerwerk AG & Co. KGaA, MSA, Siemens AG, Honeywell International, General Electric Company, Emerson Electric Co., Thermo Fisher Scientific Inc., and Sensor Electronics.

Market Segmentation

Market By Product

Fixed Gas System
Portable Gas System
Others

Market By Technology

Single-Gas Detection
Multi-Gas Detection

Market By End Use

Household
Commercial
Industrial

Market By Geography

North America
•    U.S.
•    Canada

Europe
•    U.K.
•    Germany
•    France
•    Spain
•    Rest of Europe

Asia-Pacific
•    China
•    Japan
•    India
•    Australia
•    South Korea
•    Rest of Asia-Pacific

Latin America
•    Brazil 
•    Mexico
•    Rest of Latin America

Middle East & Africa
•    GCC
•    South Africa
•    Rest of Middle East & Africa


Frequently Asked Questions

The global gas detection equipment market in 2027 is expected to be above US$ 5.6 Bn.

The CAGR of the global gas detection equipment market from 2020-2027 is above 5.3%.

Rising awareness among consumers related to toxic gases, increasing incidences of gas leakage in various end use industries, and stringent government regulations related to work place safety are major factors expected to drive the growth of global market.

In product the fixed gas system segment is growing at faster pace.

In the global market the Asia Pacific region is expected to grow faster.

Some of the players considered in the report scope are RKI Instruments, Inc., Industrial Scientific, Drägerwerk AG & Co. KGaA, MSA, Siemens AG, and Honeywell International.

The North America is expected to account for major revenue share in the global market.

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