The APAC Gas Leak Detectors Market, By Technology (Electrochemical, Infrared, Semiconductor, Catalytic and Others), By Application (Industrial (Oil and gas, Chemical, Petrochemicals), Commercial (hospitals, hotels & restaurants, others), Residential and Others), By Product Type (Fixed and Portable), and by Country (China, India, Japan, ANZ, South Korea, Rest of APAC) - Global Forecast to 2027”, is expected to be valued at US$ 1,961.3 million by 2027, exhibiting a CAGR of 5.9 % during the forecast period (2019-2027), as highlighted in a report published by Coherent Market Insights.

Overview

A gas leak detector is an electronic device that detects the presence of gas leak or other emissions in an area. The detection of leaked gas can interface with control system so a process can be automatically shut down. Moreover, a gas leak detector can sound an alarm to operators in the area where gas has been leaked, providing them ample time to leave. Gas leak detectors are used in various industries such as oil & gas industry, pharmaceutical manufacturing, refiners, mining, paper pulp mills, hazmat operations, industrial plants, and waste-water treatment facilities. Different types of gas leak detectors are used such as holographic, ultrasonic, semiconductor, catalytic bead, and more.

The APAC gas leak detectors market was valued for US$ 1242.7 Mn in 2019 is expected to exhibit a CAGR of 5.9 % during the forecast period.

Market Driver

Increasing demand for oil & gas industry for advanced gas leak detectors is expected to drive growth of the APAC gas leak detectors market during forecast period

Growing investment in oil & gas and chemicals industry is expected to boost the demand for gas leak detectors. Various hazardous and flammable gases are used in oil & gas industry, which pose major threat of gas leak. Similarly, numerous toxic and inflammable gases are used on chemicals industry, which requires robust techniques in the events of a leak. Growing demand for natural gas combined with high growth of oil & gas industry is expected to boost the demand for gas leak detectors over the forecast period. According to Coherent Market Insights’ analysis, natural gas liquefaction capacity in the region is expected to exhibit growth of around 66% between 2014 and 2020. Thus, these factors are expected to propel the APAC gas leak detectors market growth in the near future.

Market Opportunity

Increasing consumption of industrial gases is expected to present major business opportunities over the forecast period

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.

Market Restraint

Lack of proper training and high prices of advanced systems are expected to hinder the APAC gas leak detectors market growth over the forecast period

Workers operating advanced devices require specific training apart from guidelines. Gas leak detectors are designed to alert people in the form of sound, light or vibrate when some gas leak is detected. However, in case of critical situations, it is very important to understand technological limitations and environmental influences to avoid misinterpretations, major accidents, or personnel panic. Furthermore, operational complexities and high costs associated with advanced technology are expected to hamper growth of the APAC gas leak detectors market during the forecast period.

Market Trends

  1. Emergence of drones for gas leak detection

Gas detection systems are being increasingly incorporated with drones to include gas leak surveillance in specific areas. This is essential to reach in hazardous areas or difficult-to-reach areas where gas detection can be made possible by use of drones fitted with gas detection systems. Moreover, drones could be able to establish communication with a combination of visual and infrared views real-time, facilitating the participation of a vast number of professionals in gas detection across the world.

  1. Integration of advanced technology in gas leak detectors

Many manufacturers are focused on development of gas detectors incorporated with advanced features and novel technologies such as artificial neutral network (ANN) and Internet of Things (IoT), in order to make gas detectors highly efficient. For instance, Honeywell partnered with Accudata Systems, a U.S.-based company, to develop ConneXt Pro, the first-of-its-kind wireless gas detection system based in the IoT technology. Moreover, General Monitor, a U.S.-based manufacturer of gas leak detectors, developed Observer-i, an ultra-sonic multiple gas leak detector, based on ANN technology platform, which can distinguish between real gas leaks and false alarms.

Competitive Section

Key players operating in the APAC gas leak detectors market are 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.

Key Developments

  1. Major players in the market are focused on product launches, in order to enhance their product portfolio. For instance, in June 2018, Honeywell International Inc. introduced a new connected gas detector that listens for leaks ultrasonically, complementing fixed gas detectors to better protect workers and facilities against deadly toxic and explosive gas leaks.
  2. Key companies in the market are involved in product development, in order to gain competitive edge in the market. For instance, in January 2019, New Cosmos Electric Co. Ltd introduced battery-powered methane detector that can be connected to smart network and installed nearby internal gas pipes and gas meters.

Segmentation

Market Taxonomy:

  1. By Technology
  • Electrochemical
  • Infrared
  • Semiconductor
  • Catalytic
  • Others
  1. By Application
  • Industrial
  • Oil and gas
  • Chemical
  • Petrochemicals
  • Commercial
  • Hospitals
  • Hotels & restaurants
  • Others
  • Residential
  • Others
  1. By Product Type
  • Fixed Detectors
  • Portable Detectors
  1. By Country
  • China
  • India
  • Japan
  • Australia and New Zealand
  • South Korea
  • Rest of APAC
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