The global Gas Detection Equipment Market size is expected to reach USD 8.38 billion by 2028, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 9.7% from 2021 to 2028. The market growth can be attributed to the growing awareness among governments regarding the harmful effects of greenhouse gases, coupled with their increased efforts toward protecting the environment. Major industries such as petroleum, oil, and gas, among others are needed to comply with safety and environmental regulations which are also major factors driving the market growth.
Many companies are focused on introducing drone-based
gas detection equipment, which is expected to create new opportunities for
market growth in the coming years. For instance, in February 2019, FLIR
Systems, Inc. announced the launch of FLIR MUVE C360, a multi-gas detector
built for unmanned aerial systems. FLIR MUVE C360 aims to transform the way
emergency teams approach environmental, chemical, and industrial incidents.
IR camera-based gas detectors are gaining traction
owing to their capability of detecting combustible gases that are not visible
to the human eyes. Uncooled IR cameras are widely in demand by
various industries, which has resulted in increased efforts by companies
worldwide to address this demand. For instance, in February 2019, FLIR Systems,
Inc. announced the launch of FLIR GF77 Gas Find IR, an uncooled thermal camera
for detecting methane.
The COVID-19 pandemic is anticipated to favorably
impact market growth in the near future. Hospitals have been using gas
detection equipment for monitoring oxygen tanks during the pandemic. During the
COVID-19 situation, the U.K. government laid down guidelines highlighting the
hazards caused by the increased oxygen level due to the high density of
ventilators. This initiative is expected to contribute to market growth.
Related Press Release@ Gas Detection Equipment Market Report
Gas Detection Equipment Market
Report Highlights
- In terms of product, the fixed gas detector segment is expected to
retain its dominance over the forecast period. The ability of fixed gas
detectors to ensure workforce safety is driving the segment growth
- In terms of technology, the infrared gas detection technology
segment dominated the market in 2020 and is expected to witness growth
over the forecast period. Infrared gas detectors are maintenance-free,
which is one of the major factors driving the market growth
- In terms of end-use, the industrial segment dominated the market in
2020. The increasing demand for detectors in the mining industry is driving
the segment growth
- The increasing adoption of gas detection equipment in emerging
economies such as India and China is expected to create growth
opportunities for the market players in the Asia Pacific region over the
forecast period
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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