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Gas leak detector system ensure safety of workplace by alerting the presence of combustible gases, exposure to toxic gases, and lack of oxygen in a particular area. Gas leak detector mainly comes in two types such as fixed gas detectors and portable gas detectors. Portable gas leak detector segment accounted for the largest share in 2020. Portable gas leak detector transmit warnings through visible and audible signals, such as flashing lights and alarms, when hazardous levels of gas vapors are detected. In commercial and residential applications, gas leak detectors are primarily used for detection of propane gas leak from appliances, gas pipe fittings, and propane tank. Increasing development of commercial infrastructure combined with various large-scale projects such as malls, company headquarters, airports, and hospitals are expected to offer lucrative growth opportunities in the near future. Market players such as Honeywell International Inc. offers various gas detection solutions designed for use in commercial buildings, shopping centers, office towers, universities, and others.

The global gas leak detector market is expected to witness significant growth during the forecast period (2021–2028) because gas detectors offer high reliability and high responsive methods to monitor toxicity, oxygen levels, and flammability. The development of gas infrastructures such as pipelines, gas stations, and warehouses is expected to increase the demand for gas worldwide. As a result of this, the demand for gas leak detectors is expected to increase significantly.

Growing consumption of industrial gases such as argon, helium, and nitrogen across different manufacturing industries is expected to boost the demand for gas leak detectors. Moreover, increasing use of gases in refrigeration and HVAC processes in automotive applications is expected to provide major growth opportunities for market players in the near future. For instance, CleanAir, a company which provides solutions to air emissions and air quality problems, offer the ‘ION GasCheck G’ portable gas leak detector, which can detect leakage of various gases such as helium, hydrogen, argon, nitrogen, and others.

The major factors restraining growth of the global gas leak detector market is low profit due to intense competition among the market players. The global gas leak detectors market is highly fragmented due to the presence of domestic and international market players. This high intensity of competition among the existing global and local players result in lower profit margins from products. Another restrain factor is lack of skilled labour as training associated with specific applications of gas leak detectors is essential, typically for personnel using portable gas leak detectors.

Global Gas Leak Detector Market - Impact of Coronavirus (Covid-19) Pandemic

COVID-19 has significantly disrupted almost all the industries including automotive, medical & healthcare, consumer electronics, clothing & textile, food & beverage, automation, manufacturing, aerospace & defence, oil & gas, construction, semiconductor, agriculture, and others. Pandemic outbreak could result in widespread health crises that adversely affects the economies of developed and emerging markets. Therefore, liquidity shortfall, cash crunch, changing customer demand, and others are factors restraining the growth of various sectors during the Covid-19 pandemic. The global gas leak detector market was affected, as many key players in the market had to temporarily closedown in order to safeguard health of their employees. Furthermore, on the supply chain side, unavailability of raw materials for manufacturing of components due to complete lockdown is a major restraint for the growth of the market. Due to delay in supply of raw materials and components, the manufacturing companies were unable to deliver the products in the market

North America held dominant position in the global gas leak detector market in 2020

Statistics:

North America held dominant position in the global gas leak detector market in 2020, accounting for 33.8% share in terms of value, followed by Europe and Asia Pacific.

Gas Leak Detector Market Report Coverage

Report Coverage Details
Base Year: 2020 Market Size in 2020: US$ 3,138.2 Mn
Historical Data for: 2017 to 2019 Forecast Period: 2021 to 2028
Forecast Period 2021 to 2028 CAGR: 5.6% 2028 Value Projection: US$ 4,718.4 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia & New Zealand , South Korea, and Rest of Asia Pacific
  • Middle East and Africa: GCC Countries, South Africa, and Rest of Middle East and Africa
Segments covered:
  • By Product Type: Fixed Gas Leak Detector and Portable Gas Leak Detectors
  • By Application: Industrial (Oil & Gas, Chemicals, and Power Generation), Commercial Establishment (Shopping Malls, Hotels, and Other), Residential, and Others
  • By Technology: Electrochemical, Infrared, Semiconductor/MOS, Ultrasonic, and Others (Holographic, etc.)
Companies covered:

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, Halma plc

Growth Drivers:
  • Increasing adoption of gas leak detector in oil & gas industry
  • Strict regulatory policies and safety norms regarding gas leaks in numerous industries 
Restraints & Challenges:
  • Low Profit Due To intense Competition 
  • Lack of Highly Skilled Workers 

Figure 1: Global Gas Leak Detector Market Share (%), By Region, 2020

GAS LEAK DETECTOR MARKET

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North America is expected to account for the largest market share during the forecast period, owing to the presence of major key players such as Honeywell International Inc., a U.S.-based multinational conglomerate, acquired Rebellion Photonics, a U.S.-based manufacturer of virtual gas monitoring solutions. Rebellion Photonics offers real-time gas monitoring platform to quickly detect and analyse leaks. The company uses advanced sophisticated AI solution to automatically alert plant operators in case of gas leak. This acquisition would help Honeywell International Inc. to strengthen its presence in the North American region.

The key players in the North American region are focused on adopting advanced technology such as Machine Learning (ML), Artificial Intelligence (AI), and others, which is expected to drive the North America gas leak detector market during the forecast period.

Oil & Gas Industry segment is expected to drive the market growth during the forecast period

Among industrial application, oil & gas industry is expected to drive growth of the global gas leak detectors market during the forecast period. Rising investment in oil & gas industry is expected to drive growth of the global gas leak detectors market during the forecast period. Furthermore, in the production of energy, natural gas and crude oil gas are used as primary raw materials. Therefore, gas leak detectors play a vital role in energy production process. Hence, growing demand for energy is expected to drive the growth of gas leak detectors market.

Figure 2: Global Gas Leak Detector Market Value (US$ Mn) Analysis and Forecast, 2017 - 2028

GAS LEAK DETECTOR MARKET

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The global gas leak detector market was valued at US$ 3,138.2 Mn in 2020 and is expected to reach US$ 4,718.4 Mn by 2028 at a CAGR of 5.6% between 2021 and 2028.

Major players operating in the global gas leak detector market 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.

Frequently Asked Questions

The global gas leak detector market is expected to reach US$ 4,718.4 million by 2028.

The market is expected to witness a CAGR of 5.6% during the forecast period (2021-2028).

Growing use of gas leak detector in oil & gas industry, strict regulatory policies and safety norms regarding gas leaks in numerous industries is expected to propel the market growth.

The oil & gas industry segment held the largest market share among industrial application.

North America region held the largest share in the market in 2020, accounting for 33.8% share in terms of value.

Key players operating in the market 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.

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