Market Trends of Europe Portable Gas Detector Industry
This section covers the major market trends shaping the Europe Portable Gas Detector Market according to our research experts:
Oil and Gas Segment to Offer Market Growth Opportunities
- The oil and gas industry will significantly impact the market as additional gas field discoveries translate into higher demand for such portable detectors. Multi-gas detectors are gaining popularity over traditional kinds due to their small form and better gas-detecting aspects. The increasing consumption of oil and gas also favors the growth of the studied market. For instance, according to BP, the annual oil consumption in Europe and the CIS increased from 791.7 million metric tons in 2020 to 831.4 million metric tons in 2021.
- Increasing incidences of gas leaks across European countries will contribute to market demand as companies are increasingly focusing on using advanced equipment to make the process highly effective and efficient. For instance, in June 2021, the Clean Air Task Force (CATF) used infrared cameras to capture over 120 cases of methane emissions escaping from oil and gas activities in seven European countries, including Germany, Italy, Romania, Hungary, the Czech Republic, Austria, and Poland.
- Furthermore, as a result of several government programs and regulations supporting the use of such devices, the oil and gas sector is likely to be among the region's most significant users of gas detectors. In June 2022, at the Major Economies Forum on Energy and Climate, a GMP Energy Pathway was announced to expedite methane pollution decreases in the conventional power sector.
- Moreover, according to the International Energy Agency, by utilizing existing technologies, the oil and gas sector could reduce methane pollution by 75% by 2030. This, in turn, is expected to increase the awareness of adopting gas detection technologies in the European region over the coming years.
Furthermore, increasing government investments in the oil and gas sector, especially since the outbreak of the Russia-Ukraine dispute, are expected to increase the demand for portable gas detectors across the region over the forecast period. In May 2022, the European Commission launched a 210-billion-euro (USD 220 billion) strategy to wean Europe off Russian fossil resources in five years and accelerate its transition to renewable energy.
United Kingdom to Hold a Significant Market Share
- The country's stringent regulatory restrictions for emissions throughout industries that boost workplace safety have increased the demand for diverse gas detector applications. The monitoring of the surroundings connected with workers' exposures to hazardous conditions such as gasses, noise, dust, and others is managed in the United Kingdom by COSHH (Control of Substances Hazardous to Health Regulations).
- In the United Kingdom, concentrations of key pollutants in outdoor air are regulated by the Air Quality Standards (Wales) Regulations 2010, the Air Quality Standards (Northern Ireland) Regulations 2010, and the Air Quality Standards (Scotland) Regulations 2010. The government has actively been making amendments to make these regulations more effective, supporting the market's growth. For instance, the UK government's latest climate change target calls for an emissions reduction of 78% by 2035 compared to 1990 levels.
- Furthermore, the presence of significant players in the gas detector industry, including Crowcon Detection Instruments Ltd. and GFG Europe Trolex Ltd., headquartered in the UK, also supports the studied market's growth. Furthermore, the area is seeing the majority of technological breakthroughs, and the implementation of IIoT in various sectors is projected to benefit the market.
- Innovative product launches by market players operating in the regional market will contribute to market development. For instance, in September 2022, DraegerSafety UK, a market leader in safety and medical technology, introduced the X-am 2800, a novel portable gas detector, to its wide safety and gas detecting range. Since mobile gas detectors are carried on the body, durability is critical to their operational reliability.
The United Kingdom is also among the largest consumers of petroleum products in the European region and has several industries operating in the sector. Considering the higher degree of emissions associated with these industries, the demand for portable gas sensors is expected to remain high. According to BP, the United Kingdom's oil consumption in 2021 will be 57.3 million metric tons.
