Global Wireless Gas Detection Market: Overview
“The global Wireless Gas Detection 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.”
Wireless gas detection system is a device utilized to detect gas present in a system. It is a part of the safety system and used to detect leakage of hazardous and explosive gases. The detector is usually connected to a control system which stops the process automatically in case of leakage issue or emergency situation.
These systems also offer flexibility, high accuracy, and reliability in detecting gas leaks and also prevents major industrial accidents.
Technological advancements in sensor and safety solutions along with a focus on accelerating sensors response time are some major factors expected to boost growth of the global wireless gas detection systems market. In addition, tragedies such as Chernobyl disaster and Bhopal gas tragedy, have forced governments to prepare safety guidelines for detection of any gas leakage.
This leads to increasing investments and boosts growth of the target market. In addition, factors such as increasing research and development activities, growing adoption of the Internet of Things (IoT) technologies, and rising safety concern, which are expected to fuel growth of the global market. For instance, ConneXt Pro is an enterprise gas detection solution that deploys IoT solutions for providing real-time updates on gas threats.
A recent trend observed in the target market is major players are involved in the manufacturing of wireless gas detection systems and also provides both offline and online services. For instance, ProRAE Guardian System wirelessly delivers real-time personal and point threat-detection data on radiation and toxic gases, worker location, and physiological condition.
Whereas, high price associated with the development of wireless detection systems and security issues using wireless communication systems are some factors that may hamper growth of the target market.
Global Wireless Gas Detection Market: Segment Analysis
Among the wireless technology segments, the Wi-Fi technology segment is expected to account for major revenue share in the global market.
Among the type segments, the hardware segment is expected to contribute significant share in terms of revenue in the global market.
Among the end user segments, the commercial buildings and public facilities segment is projected to register significant growth rate over the forecast period.
Global Wireless Gas Detection Market: Region Analysis
Among the regions, the market in North America is expected to contribute major share in terms of revenue in the global market, owing to the presence of major players such as Emerson Electric Co., Honeywell International, and Agilent Technologies, Inc. countries in the region. In addition, increasing adoption of advanced wireless communication technologies is expected to drive growth of wireless gas detection market in North America.
The Asia Pacific wireless gas detection market is projected to grow at fast rate owing to rapid urbanization, industrialization, and economic growth in countries such as China and India. Growing adoption of wireless systems in the automotive sector is a key factor expected to drive wireless gas detection market over the forecast period.
Global Wireless Gas Detection Market Segmentation:
Segmentation by Wireless Technology:
- License-free ISM Band
- Others (WirelessHART and Near Field Communication (NFC))
Segmentation by Type:
Segmentation by End User:
- Oil and Gas
- Commercial buildings and public facilities
- Chemical and Petrochemicals
- Government and Military
- Mining and Metals
- Others (Agriculture, Pharmaceuticals, Food & Beverages)
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
- Siemens Ag
- Honeywell International, Inc.
- Unified Electric Controls
- Yokogawa Electric Corporation
- Emerson Electric Co.
- MSA Safety Incorporated
- Dragerwerk AG & Co. KGaA
- Agilent Technologies
- Pemtech Inc.
- Sensidyne, LP
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