Market Size of Global Portable Gas Detector Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 5.40 % |
Fastest Growing Market | Asia-Pacific |
Largest Market | North America |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Portable Gas Detector Market Analysis
The global portable gas detector market is expected to grow at a CAGR of 5.4% during the forecast period from 2022 to 2027. The increasing demand for gas detectors by industries such as mining, oil & gas, chemical, and power, that use these devices to monitor and detect the presence of various toxic and combustible gases is driving the market. Moreover, many government regulations mandating the installation of these devices in potentially hazardous environments also contribute to market growth.
- Safety measures for industrial gas processing is one of the critical factors driving the portable gas detectors market in industries like oil & gas and chemicals. Many oil & gas and chemical companies need to ensure that the emissions of various harmful gases meet the regulatory standards.
- Technological advances in gas detection and sensing are also creating new opportunities for the market. For instance, microelectromechanical systems (MEMS) and screen-printing techniques aid the development of miniaturized gas sensors and enable the integration of such gas sensors into many consumer devices, such as mobile phones and wearable devices.
- In addition, governments worldwide are increasingly setting targets to reduce the emission of greenhouse gases and are adopting stringent regulations to tackle emission rates. For instance, the EU has set itself a net-zero greenhouse gas emissions goal by 2050. Such developments are expected to further increase the adoption rates of gas detectors.
- Rising pricing pressure due to intense market competition is reducing the devices' average selling price, which acts as a major restraining factor for the market.
- The oil & gas industry, in which gas detectors are widely used, suffered a significant setback due to the supply chain disruptions caused by the COVID-19 outbreak, which negatively impacted the demand for these devices.
Portable Gas Detector Industry Segmentation
Portable gas detectors measure and indicate the concentration of certain gases in the air using different technologies. Typically employed to prevent toxic exposure and fire, these are primarily battery-operated devices used for safety purposes. Portable gas detectors work by signifying high levels of gases through audible or visible indicators, such as alarms, lights, or a combination of signals.
By Type | |
Single-Gas | |
Multi-Gas |
By End-User Vertical | |
Oil & Gas | |
Chemicals & Petrochemicals | |
Water & Wastewater | |
Power Generation & Transmission | |
Metal & Mining | |
Other End-user Verticals |
By Geography | |
North America | |
Europe | |
Asia-Pacific | |
Latin America | |
Middle-East and Africa |
Global Portable Gas Detector Market Size Summary
The global portable gas detector market is experiencing growth driven by the increasing demand from industries such as mining, oil and gas, chemicals, and power. These sectors rely on gas detectors to monitor and identify toxic and combustible gases, ensuring compliance with safety regulations. Government mandates for the installation of these devices in hazardous environments further bolster market expansion. Technological advancements, including microelectromechanical systems and screen-printing techniques, are creating new opportunities by enabling the development of miniaturized gas sensors that can be integrated into consumer devices. Additionally, global efforts to reduce greenhouse gas emissions and stringent regulations are expected to enhance the adoption of gas detectors.
In the Asia Pacific region, countries like China, Singapore, and South Korea are significant markets for gas detection equipment due to rising environmental awareness and stringent regulatory policies. China's initiatives to monitor greenhouse gas emissions in key industrial sectors are expected to accelerate demand for gas detectors. The oil and gas industry, a major user of these devices, is anticipated to be a significant adopter in the region, supported by government initiatives and the growing energy demand. The market is moderately competitive, with major players focusing on expanding their global presence through strategic collaborations and product innovations. Recent developments, such as the launch of new gas monitors and acquisition of gas sensing technology, highlight the ongoing efforts to enhance safety and efficiency in gas detection.
Global Portable Gas Detector Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Industry Attractiveness-Porter's Five Force Analysis
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1.2.1 Threat of New Entrants
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1.2.2 Bargaining Power of Buyers
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1.2.3 Bargaining Power of Suppliers
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1.2.4 Threat of Substitutes
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1.2.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Single-Gas
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2.1.2 Multi-Gas
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2.2 By End-User Vertical
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2.2.1 Oil & Gas
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2.2.2 Chemicals & Petrochemicals
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2.2.3 Water & Wastewater
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2.2.4 Power Generation & Transmission
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2.2.5 Metal & Mining
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2.2.6 Other End-user Verticals
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2.3 By Geography
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2.3.1 North America
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2.3.2 Europe
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2.3.3 Asia-Pacific
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2.3.4 Latin America
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2.3.5 Middle-East and Africa
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Global Portable Gas Detector Market Size FAQs
What is the current Global Portable Gas Detector Market size?
The Global Portable Gas Detector Market is projected to register a CAGR of 5.40% during the forecast period (2024-2029)
Who are the key players in Global Portable Gas Detector Market?
Emerson Electric, Honeywell International Inc., MSA Safety Incorporated, Draegerwerk AG & Co KGaA and Det-Tronics are the major companies operating in the Global Portable Gas Detector Market.