Gas Detection Equipment Market

Gas Detection Equipment Market Size and Share Forecast Outlook (2024 to 2034)

The global gas detection equipment market size reached USD 3,613.7 million in 2023. Over the forecast period, demand is anticipated to rise at 6% CAGR. 

The total value is predicted to increase from USD 3,801.1 million in 2024 to USD 6,801.6 million in 2034. The sector is predicted to surge around 1.8X through 2034, amid a 3.5% increase in expected CAGR compared to the historical one.

This is due to the rising regulatory requirements and safety standards across several industries. Global gas detection equipment sales are also projected to rise due to growing emphasis on environmental protection and the need to monitor air quality.

Attributes	Description
Estimated Global Gas Detection Equipment Market Size (2024E)	USD 3,801.1 million
Projected Global Gas Detection Equipment Market Value (2034F)	USD 6,801.6 million
Value-based CAGR (2024 to 2034)	6%

North America is anticipated to retain dominance in the global gas detection equipment market during the forecast period. The region is set to hold around 22.3% of the share in 2034.

North America has a well-developed oil and gas sector, which is a significant consumer of gas detection equipment. Also, the presence of exploration, production, and refining facilities in the region augments the need to develop and produce reliable gas detection systems. These are likely to help ensure worker safety and comply with strict norms.

Several leading gas detection equipment manufacturers are based in or have certain presence across North America. These help in contributing to the region’s dominance. The companies are mainly investing in research and development activities to gain a competitive edge.

Development of new devices to detect gas leaks with innovative features like automation, real-time monitoring, and predictive maintenance are gaining impetus in North America. These features help enhance safety, enabling timely maintenance and contributing to increasing sales in the region.

The global industrial sector faces significant risks associated with gas leakage. This is mainly related to highly dangerous compounds like flammable and poisonous gases utilized in various applications.

Gas leaks pose serious threats to both companies and nearby communities, often resulting in oxygen starvation, explosions, and loss of life. To mitigate these risks, companies prioritize safety measures, including the adoption of commercial gas leak detectors.

Gas detectors like early warning devices, are indispensable for safety policies as these offer more time to remedy the situation or prevent disasters from occurring. These are also capable of forming an integral part of elaborate surveillance networks and security measures.

In the oil and gas sector, safety awareness is significant as it operates with toxic and harmful gases. Governments worldwide have made it mandatory for industries to undertake safety awareness programs by enforcing new laws and regulations.

The risk of explosions can be decreased significantly by utilizing gas detection equipment. These quickly locate gas leaks and provide a chance for the operator to manage the issue. Gas monitor detectors are witnessing innovations as government bodies implement strict regulations for the safety of workers.

Key Gas Detection Equipment Industry Trends

Awareness of Industrial Gas Leakage Risks Pushes Adoption

Highly dangerous compounds, particularly flammable and poisonous gases, are increasingly being used and manufactured in a wide range of applications and industries. Gas leaks are unavoidable to a certain extent and pose a risk to companies, personnel, and those living nearby.

Early warning devices, such as gas detectors, are an important aspect of safety plans for reducing the risk to workers and equipment. These can offer additional time to take corrective or preventative action.

These can also be utilized as part of a comprehensive monitoring and safety system that includes fire detection and emergency process shutdown. Owing to the aforementioned factors, gas leak detection equipment sales are set to rise by 2034.

Oil and Gas Sector to Embrace New Detectors to Prevent Leakages

Portable gas monitoring equipment is particularly necessary for toxic and hazardous gases, as these can cause disastrous outcomes in case of leaks. These gases can also blend with the surrounding air, leading to oxygen starvation.

Governments worldwide have hence put forward a number of strict laws and guidelines. Each sector is mandated to take part in safety awareness programs. In the oil and gas sector, where errors or lack of awareness are not tolerated, these programs help increase safety awareness.

The considerations are driving demand for gas detection technology as it significantly reduces the risk of explosions by spotting gas leaks quickly and providing enough time for operators to take control of the situation. Government intervention and growing awareness in the oil and gas sector are set to propel handheld gas monitor demand in the forecast period.

Availability of Substitute Products at Low Cost to Hamper Sales

The availability of low-cost and low-quality substitute products for oxygen detectors for confined spaces is set to be high across several regions. Since these products are easily available at low costs, end-users don’t think twice about buying these for temporary use.

Several local manufacturers develop similar products. However, these do not meet the standard regulatory norms and guidelines for gas detection. Using low-quality detectors or maintenance-free detectors can result in false predictions, both positive and negative.

Low-quality products do not provide accurate data and stop working after a certain period of time. These factors can lead to various unforeseen conditions in small-scale industrial premises. An upsurge in low-value gas tester devices is restraining growth. Brand awareness measures can be undertaken to mitigate these concerns, as well as legal support for the use of branded products.

Gas Detection Equipment Market Trends Analysis

Global sales of gas detection equipment grew at a CAGR of 2.5% between 2019 and 2023. Total revenue reached about USD 3,613.7 million in 2023. In the forecast period, the industry is set to thrive at a CAGR of 6%.

The global sector witnessed steady growth between 2019 and 2023. This was due to increased industrial safety regulations, advancements in detection technology, and rising awareness of workplace safety.

The COVID-19 pandemic further underscored the importance of maintaining stringent safety protocols. The pandemic also raised the need for reliable portable gas leakage detectors to ensure uninterrupted operations across essential sectors.

Over the forecast period, growth is set to surge due to increasing industrial safety regulations and advancements in detection technologies. The selection of suitable gas detection equipment is critical in reducing workplace risks. This emphasizes the importance of advanced product performance to conform to environmental safety standards.

Technological advancements, including catalytic and infrared instruments, enhance the reliability of gas leak detector machines, meeting the requirements of safety and integrity checks. With growing importance of environmental safety, customer reliance on gas leak detector devices has increased, contributing to growth on a global scale.

Cost efficiency is a significant consideration in the selection of this type of equipment. Infrared (IR) technology has transformed the industry, offering advantages in terms of performance, functionality, and expenses.

Open-path IR detection, in particular, provides a high likelihood of detecting gas leaks and offers critical advantages in terms of functionality and cost-effectiveness. Considering the need for cost-effective solutions, the evaluation of the equipment's build, configuration, and value is essential.

Predictive maintenance strategies are gaining traction, with modern systems utilizing deep learning and big data to provide comprehensive views of asset risk and approaching failures. Gas leak detection is integral to predictive maintenance strategies, ensuring timely corrections or preventions.

Demand for gas leak testing equipment is set to be driven by industrial safety awareness, regulatory compliance, environmental considerations, and cost efficiency. These factors underscore the key role of these devices in ensuring workplace safety and operational efficiency across diverse sectors worldwide.

Top Gas Detection Equipment Market Players and Concentration

Tier 1 companies comprise leaders with a revenue of above USD 100 million capturing significant share of 13.8% to 19.6% globally. These leaders are characterized by high production capacity and a wide product portfolio.

The companies are primarily distinguished by extensive expertise in manufacturing processes and a broad geographical reach, underpinned by a robust consumer base. Prominent companies within the Tier 1 category include Halma plc, Drägerwerk AG and Co. KGaA, MSA Safety Inc., Honeywell International Inc., and Emerson Electric.

Tier 2 companies include mid-size players with revenue of USD 20 to 100 million. These companies have a considerable presence in specific regions and highly influence the local sector. Prominent companies in the Tier 2 segment include Hanwei Electronics Group, Teledyne Technologies Inc., Fortive Corporation, Danfoss A/S, and Inficon Holding AG.

Tier 3 includes most of the small-scale companies operating at the local level and serving niche industries. These have a revenue below USD 20 million. These companies are notably oriented towards fulfilling local demands. These are small-scale firms and have limited geographical reach.

Analysis of Top Countries Producing, Formulating, Distributing, and Utilizing Gas Detection Equipment

The table below shows the estimated growth rates of the key countries globally. Balkan and Baltics, Nordics, and Chile are set to register high CAGRs of 9.4%, 8.9%, and 8.8%, respectively, through 2034.

Countries	CAGR 2024 to 2034
Balkan and Baltics	9.4%
Nordics	8.9%
Chile	8.8%
BENELUX	8.5%
Hungary	8.2%

Collaboration of China-based Firms with Foreign Companies Aids Demand

China’s gas detection equipment market size is projected to reach USD 884 million by 2034. Over the assessment period, demand in the country is set to rise at 4.9% CAGR.

Rapid industrialization, strict safety regulations, focus on environmental protection, adoption of advanced technology, and government initiatives are set to drive China’s growth. The government has implemented multiple policies to promote industrial safety along with environmental protection.

One such policy is the ‘Work Safety Law’ enacted in 2014, which mandates the use of safety equipment such as gas leakage detectors at workplaces. The ‘Air Pollution Prevention and Control Action Plan,’ on the other hand, aims to reduce carbon emissions and improve air quality.

There has been an increase in collaborations and partnerships between China-based and foreign firms to co-develop innovative gas detection monitors. For instance, United States-based Honeywell recently announced a partnership with Shenergy Group, a leading energy company in China, to provide advanced gas detection solutions in the company’s facility.

Implementation of Strict Rules to Propel Growth in the United States

Sales of gas detection equipment in the United States are projected to soar at a CAGR of around 4.6% during the assessment period. Total value in the country is anticipated to reach USD 855.9 million by 2034.

The United States has been increasingly focusing on environmental protection and the safety of workers, which is driving demand for reliable gas detection solutions. The country has put forth stringent regulations and standards to keep the workplace safe for workers.

Organizations such as the Occupational Safety and Health Administration and the Environmental Protection Agency have implemented strict guidelines for businesses dealing with hazardous gases. This compliance makes it mandatory to deploy advanced gas detection equipment to monitor and avoid potential leakage or exposure.

Ongoing Development of New Manufacturing Facilities Spurs Demand in India

India’s rapid industrialization and infrastructure development have led to surging demand for portable gas meters. Ongoing development of new manufacturing facilities, power plants, and construction projects has also created a need for gas detection solutions that ensure worker safety.

The country’s government has recognized the importance of industrial safety and has implemented strict rules for several sectors dealing with hazardous gases. Effective implementation of such norms has compelled firms to adopt reliable CO2 and fire detectors to avoid penalties and accidents.

Honeywell, headquartered in the United States, recently announced the opening of a new manufacturing facility in Pune. The facility would cater to the growing demand for gas detection solutions in India. Similarly, Germany-based Dräger expanded its operations in the country, introducing innovative gas detection products tailored to local requirements.

India is anticipated to total USD 223.8 million by 2034. Over the forecast period, demand in the country is set to increase at a steady CAGR of 5.7%.

Gas Detection Equipment Industry Analysis by Top Investment Segments

The section below shows the fixed detector segment dominating based on product type. The segment is forecast to thrive at 5.8% CAGR between 2024 and 2034. Based on end-use, the oil and gas segment is anticipated to hold a dominant share in 2034. The segment is set to exhibit a CAGR of 4.9% during the forecast period.

Fixed Gas Detection Devices to be Highly Demanded Worldwide

Segment	Fixed Detector (Product Type)
Value CAGR (2024 to 2034)	5.8%

Based on product type, the fixed detector segment is forecast to rise at a CAGR of 5.8% through 2034. By 2024, the target segment is estimated to reach USD 4,616.7 million.

Fixed detectors provide continuous and real-time monitoring of gas levels, which ensures early detection and prevention of accidents. These are particularly important in an environment where constant surveillance is needed, such as oil and gas, chemical manufacturing, and power plants.

Fixed CO2 fire detectors provide more accuracy and reliability compared to portable detectors. These are permanently installed and have less chance of movement and damage. The can also be integrated with other safety devices, such as fire suppression and ventilation control to enable automated response.

Fixed gas monitor devices require less maintenance and have long-term operational life, making these a cost-effective solution for large-scale and critical infrastructure settings. The segment is anticipated to hold a significant volume share of 69.3% in 2024.

Oil and Gas Sector to Look for Innovative Gas Tester Devices

Segment	Oil and Gas (End-use)
Value CAGR (2024 to 2034)	4.9%

Based on end-use, the oil and gas category is estimated to witness a CAGR of 4.9% in the forecast period. The segment is set to attain a value of USD 1,760.8 million by 2034.

The oil and gas industry requires the extraction, processing, and transportation of highly flammable substances. This pushes the demand for safety measures and continuous monitoring to prevent accidents and ensure worker safety.

Regulatory compliance also plays an important role as strict norms mandate the installation of reliable professional radon testing equipment to avoid the risk of leakage. Also, the complexity and scale of oil and gas operations often demand robust equipment to maintain safety and efficiency. Technological advancements in gas detection, such as improved sensors and real-time monitoring capability provide high efficiency in terms of gas detection.

Competitive Landscape of the Gas Detection Equipment Sector

The gas detection equipment market is characterized by fierce competition from a wide spectrum of competitors, ranging from multinational corporations to niche businesses.

Prominent firms in the industry, renowned for extensive product lines and worldwide presence, are Industrial Scientific Corporation, Honeywell International Inc., MSA Safety Incorporated, and Drägerwerk AG & Co. KGaA.

Together with these well-established behemoths, the sector also benefits from the efforts of up-and-coming businesses and local firms that fill certain geographic niches. These frequently concentrate on providing affordable solutions like sewer gas detection equipment.

Modern technologies and tailored solutions are regularly introduced by these small-scale players, challenging the positions of big companies. Strategic alliances, collaborations, and mergers and acquisitions are projected to surge worldwide. These would enable companies to broaden the assortments of products, surge innovation capacity, and expand regional reach.

Industry Updates

• In January 2024, Teledyne Technologies Incorporated, based in the United States, the new iTrans 2 fixed gas detector. The product delivers smart sensor capabilities.
• In March 2024, the Environmental Defense Fund, headquartered in New York, initiated a novel satellite mission to help scientists detect global methane emissions, especially from the oil and gas industry.
• In September 2023, NASA introduced a new imaging spectrometer to measure carbon dioxide and methane from space. The latest Carbon Mapper device is set to offer detailed information about super-emitters.

Leading Suppliers of Gas Detection Equipment

• MSA Safety Incorporated
• Opgal
• Drägerwerk AG and Co. KGaA
• Teledyne Technologies Inc.
• Emerson Electric Co.
• Halma plc
• Honeywell International Inc.
• Danfoss A/S
• RIKEN KEIKI CO., LTD
• Sensidyne, LP
• Testo SE and Co KGaA
• Fortive Corporation
• Inficon Holding AG
• Trolex Ltd.
• ESP Safety Inc.
• Hanwei Electronics Group
• Halma plc

Top Segments Studied in the Gas Detection Equipment Market

By Product Type:

The two main types of products include portable and fixed detectors. Portable detectors are sub-segmented into single and multi-gas detectors. The fixed category, on the other hand, is segregated into single-channel, multi-channel, sampling systems, and transmitters.

By Gas Type:

Leading types of gases include CO2, CO, NO2, SO2, NH3, Cl3, CH4, O2, H2S, H, and other gases.

By Connectivity:

Wired and wireless are the two important connectivity types.

By End-use:

Medical, water and wastewater, mining and metallurgy, oil and gas, power generation plants, chemical and petrochemical, food and beverages, and security and defense are the key end-users.

By Region:

Information about leading countries across North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and the Middle East and Africa is provided.