The global portable gas detection equipment market was valued at US$ 1.22 Bn in 2017 and expected to expand at a CAGR of 5.3% during the forecast period from 2018 to 2026. Government regulations promoting occupational health and safety coupled with growing preference for wireless gas detectors, especially for applications that are restricted by confined space and have limited electricity access is identified as the major factor driving demand for portable gas detection equipment worldwide. In addition, superior benefits offered by portable variants in terms of size, mobility, operation, durability, and reliability has had positive impact on the overall growth in the gas detection equipment market worldwide. The introduction of portable natural gas detectors, especially for residential and commercial applications represent a positive outlook for the market growth during the forecast period from 2018 to 2026.
Market Synopsis
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"North America Leads followed by Europe; Asia Pacific to Register Maximum Growth during the Forecast Period"
In 2017, North America led the global portable gas detection equipment market worldwide closely followed by Europe. The collective value contribution from North America and Europe stood at around two-third of the total market value in the same year. The combination of factors including stringent government regulations concerning occupational safety and dedicated research towards technology advancements by manufacturers in a bid to make their products more reliable, safer, cost effective, and easy to install is driving market demand in developed economies. However, Asia Pacific is poised to witness maximum growth during the forecast period from 2018 to 2026, supported by regulated demand from petrochemicals, oil & gas, and mining industries. Burgeoning demand from water and wastewater treatment and other utilities segments will further fuel market demand in Asia Pacific during the forecast period from 2018 to 2026.
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"Industrial Segment Accounts for Lion’s Share and Expected to Generate Steady Revenue Share throughout the Forecast Period"
Based on end-use vertical, the global portable gas detection equipment market is categorized into several major categories, namely: industrial (oil & gas, power generation, energy & mining, utilities, and automotive among others), residential, and commercial. In the base year 2017, the global portable gas detection equipment market was led by the industrial segment. The industrial segment that currently generates over two-third of the global portable gas detection equipment market value, is expected to register steady growth during the forecast period from 2018 to 2026, retaining its leading position. The growth in the segment will be majorly driven by demand from oil & gas industry in wake of increasing shale gas exploration activities worldwide. Stringent government regulations and mandates that promote workplace safety remains the principal factor driving market growth in the industrial segment.
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"Multi-gas Detectors to Dominate and Register Strong Growth throughout the Forecast Period"
Based on characteristic, the global portable gas detection equipment market is categorized into multi-gas detectors and single-gas detectors. Multi-gas detectors are posed to register strong growth during the forecast period from 2018 to 2026. Multi-gas detectors are capable of limiting and addressing each of toxic, asphyxiating, and combustible hazards posed gases. Thus, portable multi-gas detectors offer relatively greater gas detection coverage than single-gas detectors for intricate working environments that pose risk of injury or death from potentially explosive or toxic ambient gases.
Some of the leading manufacturers profiled in the study include Honeywell Analytics, RAE Systems Inc, Mine Safety Appliances (MSA) Company, Dragerwerk AG & Co. KGaA, Industrial Scientific Corporation, Sensidyne LP, GE Measurement & Control Solutions, Siemens AG, Detcon Inc., Crowcon Detection Instruments, Ltd., Airtest Technologies Inc., and Thermo Fisher Scientific Inc. among others among others.
Historical & Forecast Period
This research study provides qualitative as well as quantitative insights for each segment and sub-segment from 2016 to 2026, considering 2017 as the base year for the research. CAGR (Compounded Annual Growth Rate) for each segment and sub-segment is calculated for the forecast period from 2018 to 2026.
Report Scope by Segments
Key segments covered in the report are as follows:
| ATTRIBUTE |
DETAILS |
| Research Period |
2016-2026 |
| Base Year |
2017 |
| Forecast Period |
2018-2026 |
| Historical Year |
2016 |
| Unit |
USD Billion |
| Segmentation |
Characteristic Segment (2016–2026; US$ Bn)
• Multi-gas Detection Equipment
• Single-gas Detection Equipment
|
|
Product Type Segment (2016–2026; US$ Bn)
• Wearable Gas Detectors
• Non-wearable Gas Detectors
|
|
End-use Segment (2016–2026; US$ Bn)
• Industrial
o Oil & Gas
o Power Generation
o Energy & Mining
o Utilities
o Others (Marine, Automotive, etc.)
• Residential
• Government & Public Safety
• Commercial
|
|
Geography Segment (2016–2026; US$ Bn)
• North America (U.S. and Rest of North America)
• Europe (U.K., Germany, France, and Rest of Europe)
• Asia Pacific (Japan, China, India, and Rest of Asia Pacific)
• Rest of World (Middle East & Africa (MEA), Latin America)
|
Key questions answered in this report
- Worldwide market value of portable gas detection equipment in 2016 and 2017
- Estimated forecast and market projections up to 2026
- Which is largest regional portable gas detection equipment market?
- Which end-use segment has the highest penetration of portable gas detection equipment?
- Which variant (in terms of gas detection characteristic and technology) has the largest penetration?
- Which are the key trends driving the global portable gas detection equipment market growth?
- Who are the leading manufacturers in the global portable gas detection equipment market?
- What are the key strategies adopted by the leading portable gas detection equipment manufacturers worldwide?
