Apac Gas Leak Detectors Market

A gas leak detectors is an electronic device that detect the presence of gases in a particular area using various technologies such as electrochemical, infrared, catalytic and others. These devices are used to detect harmful and combustible gases for the safety purposes. A gas leak detector system identify the leakage in gas and send signal to operators to take proper action by providing them ample time to leave the danger area. Moreover, gas detector systems are fitted with a sound alarm which is used to leave the danger area in case of toxic gas leakage. Gas leak detectors are used in various industries such as oil & gas industry, pharmaceutical manufacturing, refiners, mining, hazmat operations, industrial plants, and waste-water treatment facilities. Furthermore, gas leak detectors find applications in wastewater treatment, municipal water, automotive manufacturing, mining, and iron & steel industries.

The APAC Gas Leak Detectors Market was valued for US$ 1378.5 Mn in 2021.

Market Dynamics

Growing oil & gas industry is one of the major factor driving the growth of gas leak detectors market. A gas detectors offer high reliability and high responsive methods to monitor toxicity, oxygen levels, and flammability. Development of gas infrastructure pipelines, warehouses, and gas stations is expected to increase, owing to growing demand for gas in the region. According to Coherent Market Insights’ analysis, natural gas liquefaction capacity in the region is anticipated to exhibit growth of around 6.2% between 2017 and 2030. Moreover, expansion of capabilities and establishments of new facilities is expected to boost the demand for gas leak detectors and thereby drive growth of the APAC gas leak detectors market in the near future.

Stringent regulatory policies, laws, and safety norms are being implemented in various industries including chemical, pharmaceuticals, energy, petrochemicals, etc. Gas leak detectors are used in these industries to detect toxic and flammable gas leaks from process containers and chambers. For instance, hazardous CO2 gas is produced during the brewing process, which needs to be safely disposed of. There are number of strict regulatory policies, safety norms, operational safety rules, and management procedures for environmental accountability that are being enforced to ensure safety operational environment for personnel and property. For instance, according to the Australia/New Zealand standard AS/NZS60079.29.2:2008, it is mandatory to install a gas detector as per work regulations, to detect flammable gases and oxygen. Thus, these factors are expected to support the market growth over the forecast period.

Key features of the study:

• This report provides an in-depth analysis of the APAC gas leak detectors market and provides market size (US$ 2189.6 Mn) and compound annual growth rate (CAGR 6.2 %) for the forecast period (2022-2030), considering 2021 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
• It profiles leading players in the APAC gas leak detectors market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered in the APAC gas leak detectors market includes Honeywell International, Inc., MSA, New Cosmos Electric Co. Ltd, Emerson Electric Co., Industrial Scientific, Thermo Fisher Scientific Inc., Tyco International plc, Drägerwerk AG & Co. KgaA, United Technologies Corporation, and General Electric.
• These key market players are focusing on collaboration strategy with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
• The APAC gas leak detectors market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the APAC gas leak detectors market.

Detailed Segmentation

• APAC Gas Leak Detectors Market, By Technology:
  • Electrochemical
  • Infrared
  • Semiconductor
  • Catalytic
  • Others
• APAC Gas Leak Detectors Market, By Application:
  • Industrial
    • Oil and gas
    • Chemical
    • Petrochemicals
  • Commercial
    • hospitals
    • hotels & restaurants
    • others
  • Residential
  • Others
• APAC Gas Leak Detectors Market, By Product Type:
  • Fixed
  • Portable
• APAC Gas Leak Detectors Market, By Region:
  • Asia Pacific
• Company Profiles
  • Honeywell International, Inc.*
    • Company Overview
    • Product Portfolio
    • Financial Performance
    • Key Strategies
    • Recent Developments
  • MSA
  • New Cosmos Electric Co. Ltd
  • Emerson Electric Co.
  • Industrial Scientific
  • Thermo Fisher Scientific Inc.
  • Tyco International plc
  • Drägerwerk AG & Co. KgaA
  • United Technologies Corporation
  • General Electric

“*” marked represents similar segmentation in other categories in the respective section.