The Gas Detection Equipment Global Market Report 2023, provides comprehensive information on the gas detection equipment market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Gas Detection Equipment Global Market Report 2023, the global gas detection equipment market size is expected to grow from $4.02 billion in 2022 to $4.39 billion in 2023 at a compound annual growth rate (CAGR) of 9.36%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global gas detection equipment market size is expected to reach $6.12 billion in 2027 at a CAGR of 8.66%.
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Product innovations have emerged as the key trend gaining popularity in the gas detection equipment market. Major companies operating in the gas detection equipment market are developing innovative products to strengthen their position in the market. For instance, in September 2022, Dräger, a German-based manufacturer of gas detection and analysis systems, launched the Draeger X-am 2800, a mobile gas detector to automatically shares real-time information on the chemicals that emergency responders are exposed to. The X-am 2800 is equipped with a newly built CatEX sensor that has been independently dropped tested at a height of >2m to ensure a strong and resilient construction, which is crucial in emergency rescue scenarios. With built-in Bluetooth connectivity, one can send live gas measurements and alarms to Dräger’s Gas Detection Connect cloud service in real-time. This gives users secure access to crucial data at any time and from any location via an internet browser.
The gas detection equipment market is segmented:
1) By Product Type: Fixed Gas Detector, Portable Gas Detector
2) By Technology: Semiconductor, Infrared (IR), Laser-based Detection, Catalytic, Photoionization Detector (PID), Other Technology
3) By End-use: Medical, Building Automation And Domestic Appliances, Environmental, Petrochemical, Automotive, Industrial, Other End-use
North America was the largest region in the gas detection equipment market in 2022.
The table of contents in TBRC’s gas detection equipment market report includes:
- Executive Summary
- Market Characteristics
- Market Trends And Strategies
- Impact Of COVID-19
- Market Size And Growth
- Segmentation
- Regional And Country Analysis
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- Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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