Industrial Gas Detectors Market Size, Share, Opportunities And Trends By Type (Portable, Fixed), By Gas Type (Nitrogen, Hydrogen, Oxygen, Carbon Dioxide, Others), By End-User (Mining, Oil & Gas, Manufacturing, Chemical, Others), And By Geography - Forecasts From 2023 To 2028
- Published : Mar 2023
- Report Code : KSI061614812
- Pages : 145
The industrial gas detectors market is anticipated to expand at a high CAGR over the forecast period.
A gas detector is a tool that checks for the presence of gases in space, frequently as a safety measure, and warns the operators on detecting any leak. The development of gas sensors, detectors, and analyzers is driven by the increasing usage of portable devices, which has broadened the range of possible end-user applications. Metal oxide gas sensors are ideal for a variety of applications because of their chemical makeup and characteristics, including detecting all reactive gases. The normal working temperatures are between 300°C and 900°C, depending on the material being utilized and the gases that need to be detected. The growing need for gas sensors and detectors in the oil and gas and many other industries increased awareness of occupational dangers, and incremental technical advancements in gas sensors and detectors are the main factors propelling the market's expansion.
The rising industrial gas leak incidents will drive the growth of the market.
The need for industrial gas detectors is being further fuelled by the rising number of gas leak incidents in various industrial sectors. For instance, in May 2020, an industrial catastrophe known as the Vizag gas leak took place at the LG Polymers chemical facility in the R. R. Venkata Puram hamlet in Visakhapatnam, India. Also, in January 2021, a gas leak incident occurred at Gainesville Poultry Factory in the United States in which a liquid nitrogen leak killed six people and injured ten more. The food processing facility was owned by the Foundation Food Group. With such a prevalence of gas leak accidents, the market for industrial gas detectors is required in all industries related to energy minerals, and gas which will propel the market growth of industrial gas detectors.
The rising gas monitoring in the oil and gas sector will grow the market
The market for gas detection equipment is predicted to develop steadily due to the rising need for gas monitoring tools to identify the presence of dangerous gases, especially in the industrial sector where gas waste is a serious problem that must be addressed. According to the IEA, the demand for gas and oil is expected to rise by 20% and 50%, respectively. In addition, it is anticipated that the market for gas detectors would increase due to the finding of oil deposits in nations like China and India and subsequent investments in the exploration process. According to the Bureau of Ocean Energy Management (BOEM), the National Outer Continental Shelf Oil and Gas Leasing Program for 2019–24 approved offshore exploratory drilling on nearly 90% of the Outer Continental Shelf (OCS) acreage. These developments show that the requirement for industrial gas detectors is going to rise at a rapid pace as the expansion of oil and gas exploration activities will drive the industrial gas detector market.
During the forecast period, the North American region will show market growth.
Due to the existence of significant vendors and governmental legislation aimed at regulating gas emissions, North America is experiencing a surge in the use of gas detectors. The United States Occupational Safety and Health Administration (OSHA) and the Environmental Protection Agency (EPA) have severely enforced industrial safety in the North American area, which encourages the use of gas detectors. In 2021, the Mining Association of Canada stated that around USD 878 million was invested in mineral exploration in Ontario, making Canada's mining sector one of the most active in the world which will lead to the installation of safety measures such as gas detectors which are required in mining for safety and other purposes. In October 2022, the Mine Safety and Health Administration (MSHA) of the US Department of Labour granted USD 985,284 to support safety programs and other initiatives which will lead to the use of industrial gas detectors. Such regulations and investments are expected to propel the market growth of industrial gas detectors in the North American region.
Market Key Developments.
- In May 2021, the “DceL suite” an electrochemical gas sensor from DD-scientific had been released for industrial safety. The instrument is capable of measuring ammonia, nitrogen dioxide, carbon monoxide, hydrogen sulfide, and oxygen applicable in different industries.
Industrial Gas Detectors Market Scope:
Report Metric | Details |
Growth Rate | CAGR during the forecast period |
Base Year | 2021 |
Forecast Period | 2023 – 2028 |
Forecast Unit (Value) | USD Billion |
Segments Covered | Type, Gas Type, End User, and Geography |
Regions Covered | North America, South America, Europe, Middle East and Africa, Asia Pacific |
Companies Covered | Honeywell International Inc, Seitron, Sensidyne LP, Global Detection System Corp, Shandong Renke Control Technology Co., Ltd., Industrial Scientific, Vighnaharta Technologies Pvt. Ltd, Carrier Global, Danfoss, Ornicom |
Customization Scope | Free report customization with purchase |
Segmentation
- By Type
- Portable
- Fixed
- By Gas Type
- Nitrogen
- Hydrogen
- Oxygen
- Carbon Dioxide
- Others
- By End User
- Mining
- Oil & Gas
- Manufacturing
- Chemical
- Others
- By Geography
- North America
- USA
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- Germany
- UK
- France
- Spain
- Others
- Middle East and Africa
- Suadi Arabia
- UAE
- Others
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Others
- North America
1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.5. Currency
1.6. Assumptions
1.7. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Data
2.2. Assumptions
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Market Opportunities
4.4. Porter’s Five Force Analysis
4.4.1. Bargaining Power of Suppliers
4.4.2. Bargaining Power of Buyers
4.4.3. Threat of New Entrants
4.4.4. Threat of Substitutes
4.4.5. Competitive Rivalry in the Industry
4.5. Industry Value Chain Analysis
5. INDUSTRIAL GAS DETECTORS MARKET ANALYSIS, BY TYPE
5.1. Introduction
5.2. Portable
5.3. Fixed
6. INDUSTRIAL GAS DETECTORS MARKET ANALYSIS, BY GAS TYPE
6.1. Introduction
6.2. Nitrogen
6.3. Hydrogen
6.4. Oxygen
6.5. Carbon Dioxide
6.6. Others
7. INDUSTRIAL GAS DETECTORS MARKET ANALYSIS, BY END-USER
7.1. Introduction
7.2. Mining
7.3. Oil & Gas
7.4. Manufacturing
7.5. Chemical
7.6. Others
8. INDUSTRIAL GAS DETECTORS MARKET ANALYSIS, BY GEOGRAPHY
8.1. Introduction
8.2. North America
8.2.1. USA
8.2.2. Canada
8.2.3. Mexico
8.3. South America
8.3.1. Brazil
8.3.2. Argentina
8.3.3. Others
8.4. Europe
8.4.1. Germany
8.4.2. UK
8.4.3. France
8.4.4. Spain
8.4.5. Others
8.5. Middle East and Africa
8.5.1. Suadi Arabia
8.5.2. UAE
8.5.3. Others
8.6. Asia Pacific
8.6.1. China
8.6.2. Japan
8.6.3. South Korea
8.6.4. India
8.6.5. Australia
8.6.6. Others
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix
10. COMPANY PROFILES
10.1. Honeywell International Inc
10.2. Seitron
10.3. Sensidyne LP
10.4. Global Detection System Corp
10.5. Shandong Renke Control Technology Co., Ltd.
10.6. Industrial Scientific
10.7. Vighnaharta Technologies Pvt. Ltd
10.8. Carrier Global
10.9. Danfoss
10.10. Ornicom
Honeywell International Inc
Sensidyne LP
Global Detection System Corp
Shandong Renke Control Technology Co., Ltd.
Industrial Scientific
Vighnaharta Technologies Pvt. Ltd
Carrier Global
Danfoss
Ornicom
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