Gas Detectors Market Size (2024 – 2030)

The Global Gas Detectors Market was valued at USD 4.39 billion and is projected to reach a market size of USD 6.18 billion by the end of 2030. Over the forecast period of 2024-2030, the market is projected to grow at a CAGR of 58.18

The expansion of the Gas Detector Market can be credited to the growing usage of gas detectors, in sectors such as building automation systems, mining, oil, and gas. Additionally the rise in investments by manufacturers to enhance gas detectors and integrate them with technology like Bluetooth, Wi-Fi, WiMAX, and ZigBee HART Protocol; along with artificial intelligence is driving the demand, for gas detection systems.

Key Market Insights:

Based on the data provided by the Organization of the Petroleum Exporting Countries the worldwide need, for oil, including biofuels was more than 99.57 million barrels per day in 2022 and is projected to rise to around 101.89 million barrels, per day in 2023.

According to the EIA it is estimated that global fuel consumption will reach 102.14 million barrels, per day by the end of 2023. The increasing demand, for oil and fuel is anticipated to fuel market growth.

The U.S. Department of the Interior (DoI) has approved, the 2019 24 National Outer Continental Shelf Oil and Gas Leasing Program. This program permits drilling on almost 90% of the Outer Continental Shelf (OCS) acreage, which is anticipated to generate fresh prospects, for market vendors being considered.

Based on the Industry Regulation Index provided by RegData it is evident that the oil and gas extraction sector is ranked among the 10 regulated industries, in the United States.

According to data, from the U.S. Geological Survey, the mining industry in the United States saw a rise in capacity utilization from 81 percent in 2021 to an estimated 87 percent in 2022. This upward trend is expected to create prospects for the growth of the market, under examination.

Gas Detectors Market Drivers:

Strict Government Policies are fueling demand augmenting market growth.

Stringent regulations regarding worker safety, in manufacturing industries along with the need to reduce risks have led to increased use of gas detection systems. In 2016 the U.S. Environmental Protection Agency (EPA) introduced a regulation called Quad Oa. This regulation recommends the use of cameras equipped with Optical Gas Imaging (OGI) or Method 21 devices for leak detection and repair at oil and gas industry sites such as gas plants and compressor stations. The EPA suggests that inspections for leak detection in this industry should be conducted quarterly or semi-annually. The adoption of gas detectors integrated with OGI technology in the oil and gas sector is expected to drive the demand for gas detectors, in the market.

Development of Wireless Gas Detector Integration Communication Protocol boosting sales.

The advancement of communication systems, like the Highway Addressable Remote Transducer (HART) protocol has greatly enhanced the reliability of transmitting information and ensuring safety in the event of gas leaks. The HART protocol allows gas detectors and control systems to communicate with each other providing real time data access, for industries. Manufacturers of gas detectors have embraced the HART protocol technology, which has created possibilities for their utilization, in sectors. In 2017 MSA Safety Inc., a company based in the United States introduced the Ultima gas detector equipped with HART 7 protocol. This innovative device offers industry benefits by providing plant control system integration through alarms and safety alerts in industrial sectors such, as mining, oil & gas, and more.

Gas Detectors Market Restraints and Challenges:

One of the difficulties faced by gas detectors is their cost and the need, for regular maintenance. These detectors have a function, in protecting both workers and machinery from gases, in industries. However, their performance can be affected by temperatures as the sensors have a lifespan. Generally, gas detectors are designed to operate within a temperature range of 30°C to +50°C. If the temperature goes beyond this range it can reduce the sensitivity of the sensors. As industries, like oil and gas mining and others experience temperature fluctuations it becomes necessary to replace the sensors. The gas detectors market is facing obstacles, in its growth due, to the nature of gas detectors and the significant operational expenses associated with maintaining gas sensors for end users.

Gas Detectors Market Opportunities:

There is an increasing focus, on prioritizing the safety of workers in industries which has led to the increased adoption of various protective systems like gas detection equipment. To ensure the well-being and health of workers, in manufacturing industries, several industrial standards and government regulations have been put in place making gas detection equipment a necessity.

Manufacturers worldwide are actively working on developing gas detection equipment by prioritizing the integration of cutting-edge technology and leveraging artificial intelligence (AI) and big data. The widespread adoption of gas detection equipment, which facilitates notifications is expected to significantly contribute to the global market growth in the next decade.

GAS DETECTORS MARKET REPORT COVERAGE:

Gas Detectors Market Segmentation: By Product

• Fixed Gas Detector

• Portable Gas Detector

In 2022 the majority of the market was controlled by fixed gas detectors, which contributed to 65.0% of the revenue. The growing emphasis on creating healthy work environments has played a role in the increased usage of these detectors. Employers are now more conscious, about the risks posed by gases at the workplace. Additionally, the adoption of technology has further fueled the growth of fixed gas detectors enabling efficient monitoring and analysis of data. The rising popularity of fixed gas detectors, in the market can be attributed to their advantages Additionally integrating these systems with infrastructures such as traffic lights and advertising boards has further contributed to their increasing adoption, among users. It is expected that the portable gas detectors segment will experience growth during the projected period.

Gas Detectors Market Segmentation: By Technology

• Semiconductor

• Infrared (IR)

• Laser-based Detection

• Catalytic

• Photoionization Detector (PID)

• Others

In 2022 the infrared gas detection technology segment was the force, in the market accounting for more than 26.9% of global revenue. This technology utilizes infrared light to identify gases like hydrocarbon gases. One of its advantages is that infrared gas detectors require maintenance, which contributes significantly to its growth. For instance, cameras use detectors to analyze spectral changes in each pixel of an image and detect specific spectral signatures that indicate the presence of target gases. Additionally, infrared based gas detectors are highly resistant to contamination and poisoning making them useful for detecting gases such as carbon dioxide, methane and volatile organic chemicals like benzene, butane, and acetylene. On the hand gas detectors that use semiconductor technology are anticipated to witness growth, in the forecast period. This is because they are both cost effective and efficient, in detecting gases.

Gas Detectors Market Segmentation: By End-use

• Medical

• Building Automation & Domestic Appliances

• Environmental

• Petrochemical

• Automotive

• Industrial

• Others

In 2022 the industrial sector held a market share representing, over 21.9% of earnings. Gas detectors are widely used in this sector due to regulations aimed at ensuring employee safety. In the mining industry, gas detectors are utilized to measure the levels of oxygen and carbon dioxide in mines, which is crucial for preventing accidents caused by insufficient oxygen. As a result, there is a rise in demand for gas detectors in the sector. The implementation of safety requirements, for workers is also predicted to contribute to the growth of this segment.

Gas Detectors Market Segmentation: Regional Analysis

• North America

• Asia-Pacific

• Europe

• South America

• Middle East and Africa

The Asia Pacific region had the market share in 2022 for gas detection equipment with revenue accounting, for 32.5% of the total. The use of portable gas detectors is gaining popularity in Asia Pacific due to their convenience and flexibility. These detectors can be easily. Moved as needed making them highly suitable for industrial facilities. The advancement in sensor technology is also driving the development of dependable gas detectors. Additionally, the market demand in this region is also propelled by activities undertaken by oil corporations such, as China National Offshore Oil Corporation and India Oil & Natural Gas Corporation.

The forecast period predicts a growth, in North America. The growth of the market is being driven by the existence of a developed network of oil and gas pipelines well as refineries in countries such, as the United States and Canada. Additionally, there is an increasing emphasis on ensuring the safety and security of employees who frequently come into contact with gases, which further drives market growth. The growing need to reduce accidents caused by gas leaks also plays a role, in driving market development.

COVID-19 Impact Analysis on the Global Gas Detectors Market:

The COVID-19 pandemic has had an impact, on the need for gas detection equipment. A study conducted by the U.S. Energy Information Administration in April 2021 found that gas consumption in residential areas decreased by 2.1 Bcf/d from 2019 to 2020 due to the warmer weather conditions experienced in the country. The reduced demand for gas for heating purposes resulted from these conditions. As a result there has been a rise, in the establishment of natural gas storage facilities throughout the United States. As a result natural gas producers, in the country now have a growing demand, for gas detectors.

Latest Trends/ Developments:

The market, for gas detectors is anticipated to continue its trajectory in the industrial sector. This is primarily due to the growing necessity for gas monitoring facilities that can identify gases. In the oil and gas sector the adoption of Internet of Things (IoT) technology has resulted in advantages. These include improved communication, in the field real time monitoring, digital infrastructure for oil fields cost effective maintenance practices, reduced power consumption, higher production levels and enhanced safety measures for workers and assets. As an illustration it is crucial to tackle the problem of gasoline waste because liquefied petroleum gas can pose a risk to individuals and property due, to its combustible nature. By incorporating technology into gas detectors it becomes possible to detect gases and prevent unnecessary wastage.

According to the Organization of the Petroleum Exporting Countries (OPEC), global demand for oil (including biofuels) reached over 99.57 million barrels per day in 2022. Is projected to rise further to around 101.89 million barrels per day by 2023. Additionally, as per estimates from the Energy Information Administration (EIA) worldwide consumption of fuels is expected to reach 102.14 million barrels per day by the end of 2023.

Key Players:

1. Opgal Optronics Industries Limited

2. Airtest Technologies, Inc.

3. Teledyne Technologies Incorporated

4. Fluke Corporation

5. Siemens

6. General Electric Company

7. ABB

8. Honeywell International Inc.

9. Lynred

10. Thermo Fisher Scientific, Inc.

In October 2021 Fluke Corporation unveiled their innovation the SV600 Fixed Acoustic Imager. This groundbreaking solution empowers users to identify gas leaks or sound variations allowing them to detect and address issues before they escalate into predicaments.

In April 2021 ABB Ltd. Introduced the HoverGuard, a system that utilizes drones to detect gas leaks. It focuses on detecting gas leaks from sources such, as natural gas distribution centers, storage facilities, transmission pipelines, gathering lines and other potential origins. The main objective of the HoverGuard is to prioritize safety by ensuring identification of gas leaks.