The Portable Gas Detection Devices According to Future Market Insights’ market analysis report, sales of portable gas detection equipment reached US$ 1.6 billion worldwide in 2021. By 2032, the market is anticipated to expand by 4.3%, reaching US$ 2.5 billion. The greatest revenue-generating category is anticipated to be non-wearable, with a predicted CAGR of 3.7% from 2022 to 2032.
The United States market is predicted to rise as a result of increased shale gas production and technical developments in extraction. A growing number of people are using natural gas as a transportation fuel as a result of rising gasoline prices and environmental concerns. As a result, there is a growing need for natural gas detectors to prevent accidents as there are more and more natural gas filling stations.
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Key Takeaways from the Market Study
- Global Portable Gas Detection Equipment Market is expected to reach a market size of US$ 1.7 Bn by 2022.
- The Non-Wearable segment is expected to have the highest CAGR of 3.7% during the forecast period.
- United States to remain the most dominant market with an absolute dollar growth opportunity of US$ 227 Mn during 2022 – 2032.
- The market in China is set to experience the highest CAGR of 4.8% during the 2022-2032 forecast period.
Competitive Landscape
The market is fiercely competitive, where key players are increasingly focused to obtain a competitive advantage. The key companies in the Portable Gas Detection Equipment Market are focused on R&D to produce innovative technological solutions.
- In April 2020, MSA introduced the TG5000 Gas Monitor, which in a range of light industrial applications, it detects oxygen, flammable, and hazardous gases. The TG5000 Monitor, with its large LCD and four relay outputs, may operate completely independently or be linked to a control system through a 4-20 mA output.
- In October 2020, Honeywell introduced a new gas detection system to assist semiconductor manufacturing plants and other businesses in monitoring job sites, protecting employees and assets, and reducing downtime. The Vertex Edge allows workers to quickly analyze gas readings, warnings, event logs, real-time trends, and overall system status. It also has a basic touchscreen with large display icons.
More Insights Available
Future Market Insights, in its new offering, presents an unbiased analysis of the Portable Gas Detection Equipment Market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.
The study reveals extensive growth in Portable Gas Detection Equipment Market across five regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).
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Market Segments Covered in Portable Gas Detection Equipment Market Analysis
By Product Type:
- Wearable Gas Detectors
- Non-wearable Gas Detectors
- Sniffer
- Others
By End-Use:
- Oil & Portable Gas
- Mining
- Industrial
- Building Automation
- Others
By Region:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10-years.
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