The portable gas detection equipment market encompasses the production, distribution, and sales of devices designed to identify and monitor the presence of various gases in the environment. These devices are typically small, lightweight, and easily transportable, making them suitable for a wide range of settings, from industrial workplaces to residential areas.
According to a market analysis report from Future Market Insights, the global sales of portable gas detection equipment were estimated at USD 1.6 billion in 2021. The market is expected to grow by 4.3% annually, reaching USD 2.5 billion by 2032. Non-wearable devices are predicted to generate the most revenue, with a projected compound annual growth rate (CAGR) of 3.7% from 2022 to 2032.
The increase in shale gas production and advancements in extraction technologies are anticipated to drive growth in the U.S. market. Additionally, rising fuel prices and environmental concerns are leading more people to use natural gas as a transportation fuel, further boosting the demand for portable gas detection equipment.
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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 Billion 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 Million 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 on obtaining 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, 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.
Major Key Players:
- Industrial Scientific Corporation
- Thermo Fisher Scientific Inc.
- BW Technologies Ltd.
- Honeywell International Inc
- Bacharach Inc.
- Crowcon Detection Instruments, Ltd.
- RAE Systems Inc.
- Sierra Monitor Corporation
- Trolex Ltd.
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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 the Portable Gas Detection Equipment Market across five regions (North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa).
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
About Future Market Insights (FMI):
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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