Global Portable Gas Detection Equipment Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
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Global Portable Gas Detection Equipment Market: Overview
"The Portable Gas Detection Equipment Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031."
Portable gas detection equipment refers to gas detector that is used to detect combustible gases to maintain safety as well as to detect oxygen deficiency in confined spaces. These devices are typically operated on batteries and are compact, lightweight, easy to use. These detectors are referred as personal gas detectors due to their size. Installation of portable gas detection equipment is mandatory in various industries including oil & gas, building automation, and etc. for operator safety and to secure the system from damage.
Global Portable Gas Detection Equipment Market: Dynamics
Increasing demand for portable gas detection equipment in wide range of application such as gas detection, gas level monitoring in multiple end-use industries is a key factor expected to drive growth of the global portable gas detection equipment market in years to come.
Additionally, rising demand for portable gas detector in commercial and residential sectors, as the detection equipment uses sensor or control system to detect the presence of combustible and/or toxic gases immediately.
This is another factor expected to further fuel growth of the portable gas detection equipment market. Furthermore, stringent government regulations regarding the safety of operators is among some other factors expected to support growth of the target market in the next coming years.
However, high cost of portable gas detection equipment and lack of awareness among small and medium enterprises are major factors which may hamper growth of the global portable gas detection equipment market.
Global Portable Gas Detection Equipment Market: Segment Analysis
Among the product type segments, the wearable gas detection segment is expected to account for significant revenue share contribution, owing to increasing customer comfort, ease of work, operator safety, and others. Non-wearable segment is projected to grow at a faster rate in years to come, owing to its popularity and resultant heavy usage across non-industrial and industrial applications.
Among the application segments, the oil & gas segment is expected to account for major revenue share and is projected to register fastest growth rate in the global portable gas detection equipment market followed by mining segment.
Global Portable Gas Detection Equipment Market: Regional Analysis
The North America portable gas detection equipment market is estimated to account for major share in terms of revenue in the target market, owing to rising demand for this equipment in oil & gas industry and improved infrastructural developments in countries in this region. Increasing production of shale gas coupled with technological advancements in extraction is a factor expected to boost growth of the target market in the US. The portable gas detection equipment market in Asia Pacific is projected to register fastest growth in terms of revenue in the next 10 years. The Middle East & Africa is expected to account for moderate revenue share in the global portable gas detection equipment market owing to increasing measures required for safer workplace.
Global Portable Gas Detection Equipment Market Segmentation:
Segmentation by Product Type:
- Wearable Gas Detectors
- Non-wearable Gas Detectors
Segmentation by End-use Industry:
- Oil & Gas
- Building Automation
- Others (Chemical, Pharmaceutical, etc.)
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- RAE Systems Inc.
- Mine Safety Appliances Company
- 3M Company
- Trolex Ltd.
- Crowcon Detection Instruments Limited
- Industrial Scientific Corporation
- Honeywell International Inc.
- Drägerwerk AG & Co. KGaA
- Thermo Fisher Scientific Inc.
- Sensidyne LP
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