The global photoionization detectors market is estimated to surpass a valuation of US$ 220 Mn by the end of 2032. The sales of photoionization detectors are expected to total US$ 150 Mn by 2022, projecting growth at a CAGR of around 4% to 5% during the forecast period 2022-2032.
| Report Attribute | Details |
| Photoionization Detectors Market Value (2021) | US$ 146 Million |
| Photoionization Detectors Market Estimated Value (2022) | US$ 150 Million |
| Photoionization Detectors Market Anticipated Value (2032) | US$ 220 Million |
| Photoionization Detectors Market Projected Growth Rate (2022-2032) | 4% to 5% CAGR |
Photoionization detectors are instruments that are used to detect and monitor various hazardous substances including gases and vapor analytes, providing maximum safety and the benefit to users. These detectors utilize ultraviolet rays to ionize gas molecules. They are primarily used for the detection of compounds and gases such as benzene, methane, formaldehyde, trichloroethylene, propylene oxide, as well as hydrocarbons.
Demand for photoionization detectors is increasing at a rapid pace, owing to their favorable attributes such as the ability to measure gas content in parts per million (ppm) and provide instant readings indicating the presence of gas along with inexpensive and efficient functioning.
Emission and contact with numerous compounds & gases can cause harm to humans as well as pollute the surrounding. On account of these, photoionization detectors are extensively used for the detection and monitoring of hydrocarbons, oxygen, and volatile organic compounds in water, air, sediment, and soil across diverse sectors. This is estimated to accelerate the demand for photoionization detectors in the global market.
Although there are several advantages associated with the use of photoionization detectors, the inability of these devices to identify the individual organic gas concentration and decline in device efficiency and accuracy in high moisture areas are some factors hindering the sales in the global market.
Future Market Insights states that North America is anticipated to register growth at a robust CAGR in the global photoionization detectors market between 2022 and 2032.
With surging trend of industrialization and increasing vehicular fleet across the countries such as the U.S. and Canada, demand for petroleum products such as gasoline, LPG, diesel, and others are growing at a rapid pace. Hence, leading oil & gas industry players are focusing on launching new petroleum refining and production facilities to address the rising demand.
For instance, in 2019, Targa Resources Corporation, an American oil & gas company announced constructing a new petroleum refinery at Channelview, Texas, the U.S. with a refining capacity of around 35,000 barrels per day. As photoionization detectors play a vital role in oil & gas refineries for VOC detection, such developments are expected to favor the demand in the North America market.
As per FMI, Europe is projected to account for a significant share in the global photoionization detectors market during the forecast period 2022-2032.
Photoionization detectors are finding a wide range of usages across applications such as fire safety, building & construction, food & beverage packaging, and chemical samples, resulting in boosting the demand in the market. Hence, key companies are aiming at launching novel products to cater to this existing opportunity.
For instance, in 2019, Ion Science, a U.K.-based manufacturer of advanced gas detection equipment announced introducing its new fixed photoionization detector, TVOC 2, integrated with novel MiniPID 2 sensor technology for gas continuous detection. A multiplicity of such new product launches are estimated to bolster the sales in the Europe market.
Some of the leading players in the photoionization detectors market are Industrial Scientific, Ion Science, RKI Instruments (RIKEN KEIKI), Shenzhen Nuoan Environmental, PID Analyzers LLC (HNU), Tyco Gas & Flame Detection, Honeywell Analytics (RAE Systems), MSA Safety, Detcon, and others.
Attributed to growing presence of market players and increasing research and development activities for launching advanced products, the market is highly competitive.
| Report Attribute | Details |
| Growth Rate | CAGR of 4% to 5% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015-2020 |
| Forecast Period | 2022-2032 |
| Quantitative Units | Revenue in USD Million, Volume in Kilotons and CAGR from 2022-2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered |
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| Countries Covered |
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| Key Companies Profiled |
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| Customization | Available Upon Request |
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FMI projects the sales of photoionization detectors in the market is expected to rise at 4% to 5% value CAGR by 2032.
The global photoionization detectors market is expected to be dominated by North America the forecast period 2022-2032.
Industrial Scientific, Ion Science, RKI Instruments (RIKEN KEIKI), Shenzhen Nuoan Environmental, PID Analyzers LLC (HNU), Tyco Gas & Flame Detection, Honeywell Analytics (RAE Systems), MSA Safety, Detcon, and others are some of the leading players in the prominent photoionization detectors market.
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Photoionization Detectors Market
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