Gas Detection Equipment Market to Reach USD 12.30 Billion
From GlobeNewswire: 2025-04-01 10:00:00
The Gas Detection Equipment Market was valued at USD 4.89 billion in 2023, projected to reach USD 12.30 billion by 2032 with a CAGR of 10.79%. The US market to grow from USD 0.76 billion in 2023 to USD 1.98 billion by 2032 at a CAGR of 11.17%, driven by safety regulations and technological advancements.
Key players in the market include ABB, Honeywell, Siemens, and MSA Safety. The market scope includes segments like fixed gas detectors, portable gas detectors, and technology such as infrared and semiconductor. The market size is expected to grow, driven by stricter safety regulations and increasing demand for advanced gas detection equipment.
In 2023, the Fixed Gas Detectors segment dominated the market with over 66% market share due to real-time alerts and high sensitivity. The Infrared (IR) segment held over 32% market share, with its accuracy and ability to detect a wide range of gases. The Industrial segment led in market share due to high-risk industries like oil & gas and chemicals.
Asia-Pacific leads the market with over 34% of the total market share, driven by rapid industrialization and increasing investments in manufacturing and chemical industries. North America is witnessing the fastest growth due to high demand for workplace safety solutions and stringent regulatory frameworks. The market for gas detection equipment in North America is growing rapidly due to the high awareness of poisonous gas leaks in various industries. Stringent safety standards from OSHA and EPA are driving companies to adopt modern gas detection technologies, including wireless and portable detectors. The U.S. and Canada are key contributors to this market growth.
The market research report on gas detection equipment includes key points such as an introduction, executive summary, research methodology, market dynamics impact analysis, statistical insights, and trends reporting. It also covers competitive landscape, market segmentation by product, technology, and end use, regional analysis, company profiles, use cases, and a conclusion.
For more information or to purchase the full research report on the Gas Detection Equipment Market 2024-2032, visit the link provided. SNS Insider is a leading market research and consulting agency that aims to provide clients with the knowledge they need to navigate changing circumstances. They offer current, accurate market data, consumer insights, and opinions through various research techniques.
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