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Portable Gas Detection Equipment Market By Characteristic (Single-gas Detectors, Multi-gas Detectors), By End-use Vertical (Industrial, Residential, Government & Public Safety, Commercial), By Product Type (Wearable Gas Detectors, Non-wearable Gas Detectors) - Growth, Share, Opportunities & Competitive Analysis, 2018 – 2026

The global portable gas detection equipment market was valued at US$ 1.22 Bn in 2017 and is 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 a growing preference for wireless gas detectors, especially for applications that are restricted by confined space and have limited electricity access, are 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 have positively impacted the overall growth in the gas detection equipment market worldwide. Therefore, the introduction of portable natural gas detectors, especially for residential and commercial applications, represents a positive outlook for market growth during the forecast period from 2018 to 2026.

Market Synopsis

"North America Leads followed by Europe; the Asia Pacific to Register Maximum Growth during the Forecast Period."

In 2017, North America led the global portable gas detection equipment market, closely followed by Europe. The collective value contribution from North America and Europe stood at around two-thirds 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 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. In addition, burgeoning demand from water and wastewater treatment and other utility segments will further fuel market demand in the Asia Pacific during the forecast period from 2018 to 2026.

"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: industrial (oil & gas, power generation, energy & mining, utilities, and automotive, among others), residential, and commercial. In the base year 2017, the industrial segment led the global portable gas detection equipment market. Furthermore, the industrial segment, which currently generates over two-thirds 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 the oil & gas industry in the wake of increasing shale gas exploration activities worldwide. In addition, stringent government regulations and mandates that promote workplace safety remain the principal factor driving market growth in the industrial segment.

"Multi-gas Detectors to Dominate and Register Strong Growth throughout the Forecast Period"

Based on characteristics, the global portable gas detection equipment market is categorized into multi-gas detectors and single-gas detectors. Multi-gas detectors register strong growth during the forecast period from 2018 to 2026. Multi-gas detectors can limit and address each toxic, asphyxiating, and explosive hazard posed by gases. Thus, portable multi-gas detectors offer greater gas detection coverage than single-gas detectors for intricate working environments that pose a 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.

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. In addition, CAGR (Compounded Annual Growth Rate) for each segment and sub-segment is calculated for the forecast period from 2018 to 2026.

Frequently asked questions :

The market for Portable Gas Detection Equipment Market is expected to reach US$ XX Bn by 2026.

The Portable Gas Detection Equipment Market is expected to see significant CAGR growth over the coming years, at 5.3%.

The report is forecasted from 2017-2026.

The base year of this report is 2021

Dragerwerk AG & Co. KGaA., Honeywell Analytics, Mine Safety Appliances (MSA) Company, Industrial Scientific Corporation, RAE Systems Inc are some of the major players in the global market.

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Godaddy
Published Date:  Oct 2018
Category:  Automation & Process Control
Report ID:   59405
Report Format:   PDF
Pages:   120
Rating:    4.4 (49)
Delivery Time: 24 Hours to 48 Hours   
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