Gas Detection Equipment Industry Overview
The global gas detection equipment market size was valued at USD 4.06 billion in 2020. It is expected to expand at a compound annual growth rate (CAGR) of 9.7% from 2021 to 2028.
The increasing need for gas detection equipment in the oil and gas sector for applications such as emergency response, fracking, and leak detection is driving the market growth. Moreover, the need for protecting workers from hazardous gases is creating a demand for gas detection equipment across various industries. Government regulations such as the American Society of Heating Refrigeration & Air Conditioning Engineers and Occupational Safety & Health Administration have mandated the installation of gas detection equipment for safety and security purposes, which is also contributing to the market growth.
Gather more insights about the market drivers, restrains and growth of the Global Gas Detection Equipment Market
Government bodies worldwide are making efforts to reduce the oil and gas methane emissions, in turn creating a demand for gas detection equipment. Infrared gas detection sensors are widely used for methane detection as these detectors are vital for monitoring efficiency and safety in a range of applications. Gas detection equipment plays a vital role in reducing the damages caused by methane leaks during transportation, natural gas extraction, and power generation. In January 2020, the Canadian government committed to reducing oil and gas methane emissions by 40% to 45% below 2012 levels by 2025. Reducing methane emissions is considered to be one of the cost-effective methods for cutting global emissions.
Nowadays, gas sensors are made available with HART Communications Protocols, creating new opportunities for the market. HART is an instrumentation communications protocol that provides consistent and uniform communication without disturbing 4-20mA analog signals. It offers various advantages to corporate teams for bringing the right data to large corporate networks and individual plants. The gas detectors available with HART 7 protocol can send sensor status through HART into a plant’s maintenance system.
Bluetooth-based gas detection equipment has gained importance recently. This wireless technology enables users to share the air quality measurements with their colleagues on a real-time basis. Various companies are making efforts to introduce Bluetooth-based gas detection equipment. For instance, in January 2017, Honeywell International Inc. announced the launch of a Bluetooth-enabled fixed gas detector for light industrial applications, enabling the users to maintain and set up the device using the smartphone app easily.
 
The COVID-19 pandemic has positively influenced the demand for gas detection equipment. COVID-19 affected patients that are hospitalized require additional oxygen, which has propelled hospitals to efficiently manage the use of oxygen. Gas detection equipment plays a vital role in hospitals as it notifies them about oxygen leaks and assists in protecting the patients and resources.
 
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Gas Detection Equipment Market Segmentation
Grand View Research has segmented the global gas detection equipment market on the basis of product, technology, end-use, and region:
Gas Detection Equipment Product Outlook (Volume, Thousand Units; Revenue, USD Million, 2016 - 2028)

Fixed Gas Detector
Portable Gas Detector

Gas Detection Equipment Technology Outlook (Volume, Thousand Units; Revenue, USD Million, 2016 - 2028)

Semiconductor
Infrared (IR)
Laser-based Detection
Catalytic
Photoionization Detector (PID)
Others

Gas Detection Equipment End-use Outlook (Volume, Thousand Units; Revenue, USD Million, 2016 - 2028)

Medical
Building Automation & Domestic Appliances
Environmental
Petrochemical
Automotive
Industrial
Others

Gas Detection Equipment Regional Outlook (Volume, Thousand Units; Revenue, USD Million, 2016 - 2028)

North America
Europe
Asia Pacific
South America
Middle East & Africa (MEA)

 
Market Share Insights

February 2019: FLIR Systems, Inc. announced the launch of FLIR MUVE C360, a multi-gas detector built for unmanned aerial systems.
January 2017: Honeywell International Inc. announced the launch of a Bluetooth-enabled fixed gas detector for light industrial applications, enabling the users to maintain and set up the device using the smartphone app 

 
Key Companies profiled:
Some of the prominent players in the gas detection equipment market are:

ABB
Airtest Technologies, Inc.
FLIR Systems, Inc.
Fluke Corporation
General Electric Company
Honeywell International Inc.
Lynred
Opgal
Siemens

 
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Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.