A gas leak detector is an electronic device that detects the presence of gas leak or other emissions in the area. Gas leak detection is the process of identifying potentially hazardous gas leaks by sensors. A gas leak detector can sound an alarm to operators in the area where gas has been leaked, providing them ample time to leave. These detectors are used in various industries such as oil & gas industry, pharmaceutical manufacturing, refineries, mining, paper pulp mills, industrial plants, and waste-water treatment facilities are various factors complementing the adoption of gas leak detectors, which include growing applications in the oil and gas industry, strict regulatory norms, increasing consumption of industrial gases, increasing development of infrastructure, and others.
Market Dynamics
The global gas leak detector market is expected to grow significantly during the forecast period. As Gas leak detectors are one of the many must-have devices in the oil & gas industry. These are necessary for protection from personnel and property hazards, which can be caused due to deadly, toxic, and combustible gases. Gas leak detectors are used in various industries such as chemical, oil and gas, and others to detect toxic and flammable gas leaks. In order to protect the employees and property, it is mandatory to deploy gas leak detector in the facility. 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. Furthermore, this Indian Standard (Part 29/Sec 2) based on IEC 60079-29-2:2007, it is mandatory to install, use, and maintenance of detectors for flammable gases and oxygen Thus, these factors are expected to support the market growth over the forecast period.
Industrial segment accounted for the largest market share in 2020. The segment was valued at US$ 2,027.9 Mn in 2020 and is expected to exhibit a CAGR of 5.8% over the forecast period (2021 to 2028). Commercial Establishment segment is expected to exhibit 5.4% CAGR over the forecast period.
Key features of the study:
- This report provides in-depth analysis of global gas leak detector market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2021– 2028), considering 2020 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by the leading market players
- It profiles leading players in the global gas leak detector market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans
- Companies covered as a part of this study include MSA - The Safety Company, Honeywell International Inc., Drägerwerk AG & Co. KgaA, Testo SE & Co. KGaA, PSI Software AG, BRIDGER PHOTONICS, Siemens, Xylem Inc., Emerson Electric Co., Schneider Electric SE, Industrial Scientific, Yokogawa Electric Corporation, and Halma plc.
- Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics
- The global gas leak detector market report caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global gas leak detector market
Detailed Segmentation
- Global Gas Leak Detector Market, By Product Type:
- Fixed Gas Leak Detector
- Portable Gas Leak Detector
- Global Gas Leak Detector Market, By Application:
- Industrial
- Oil & Gas
- Chemicals
- Power Generation
- Commercial Establishment
- Shopping Malls
- Hotels
- Others
- Residential
- Others
- Global Gas Leak Detector Market, By Technology:
- Electrochemical
- Infrared
- Semiconductor
- Ultrasonic
- Others (Holographic, etc.)
- Global Gas Leak Detector Market, By Region:
- North America
- By Product Type:
- Fixed Gas Leak Detector
- Portable Gas Leak Detector
- By Application:
- Industrial
- Oil & Gas
- Chemicals
- Power Generation
- Commercial Establishment
- Shopping Malls
- Hotels
- Others
- Residential
- Others
- By Technology:
- Electrochemical
- Infrared
- Semiconductor/MOS
- Ultrasonic
- Other (Holographic, etc.)
- By Country:
- Asia Pacific
- By Product Type:
- Fixed Gas Leak Detector
- Portable Gas Leak Detector
- By Application:
- Industrial
- Oil & Gas
- Chemicals
- Power Generation
- Commercial Establishment
- Shopping Malls
- Hotels
- Others
- Residential
- Others
- By Technology:
- Electrochemical
- Infrared
- Semiconductor/MOS
- Ultrasonic
- Others (Holographic, etc.)
- By Country:
- China
- India
- Japan
- Australia & New Zealand
- South Korea
- Rest of Asia Pacific
- Europe
- By Product Type:
- Fixed Gas Leak Detector
- Portable Gas Leak Detector
- By Application:
- Industrial
- Oil & Gas
- Chemicals
- Power Generation
- Commercial Establishment
- Shopping Malls
- Hotels
- Others
- Residential
- Others
- By Technology:
- Electrochemical
- Infrared
- Semiconductor/MOS
- Ultrasonic
- Others (Holographic, etc.)
- By Country:
- Germany
- Italy
- U.K.
- France
- Spain
- Russia
- Rest of Europe
- Latin America
- By Product Type:
- Fixed Gas Leak Detector
- Portable Gas Leak Detector
- By Application:
- Industrial
- Oil & Gas
- Chemicals
- Power Generation
- Commercial Establishment
- Shopping Malls
- Hotels
- Others
- Residential
- Others
- By Technology:
- Electrochemical
- Infrared
- Semiconductor/MOS
- Ultrasonic
- Others (Holographic, etc.)
- By Country:
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East and Africa
- By Product Type:
- Fixed Gas Leak Detector
- Portable Gas Leak Detector
- By Application:
- Industrial
- Oil & Gas
- Chemicals
- Power Generation
- Commercial Establishment
- Shopping Malls
- Hotels
- Others
- Residential
- Others
- By Technology:
- Electrochemical
- Infrared
- Semiconductor/MOS
- Ultrasonic
- Others (Holographic, etc.)
- By Country/Region:
- GCC Countries
- South Africa
- Rest of Middle East and Africa
- Company Profiles
-
- MSA - The Safety Company*
- Company Overview
- Product Portfolio and Specifications
- Financial Performance
- Strategic Overview
- Recent Developments/Updates
- Honeywell International Inc.
- Drägerwerk AG & Co. KgaA
- Testo SE & Co. KGaA
- PSI Software AG
- BRIDGER PHOTONICS
- Siemens
- Xylem Inc.
- Emerson Electric Co.
- Schneider Electric SE
- Industrial Scientific
- Yokogawa Electric Corporation
- Halma plc
“*” marked represents similar segmentation in other categories in the respective section.
