Opportunities in Gas Detector Market Incrementing at CAGR of 4% Through to 2025

Global Gas Detector Market: Snapshot

Technological and industrial development promote the living standards and give us necessary tools and technology to face emergencies including hazardous situations such as gas leak accidents. According to the Bureau of Labor Statistics, workplace fatalities in the mining, quarrying, and oil and gas extraction industry increased by 26 percent to 112 in 2017. Due to inadequate measures for identification of harmful gas leaks by individual health and safety professionals, hazards encountered by workers during gas extraction operations are the major reasons behind the aforementioned fatalities.

Due to the vast use of different gases, more gas accidents with huge losses of money and human damages are taking place. A gas detector is an effective tool that detects the presence of gases in the areas susceptible to gas leaks. This equipment is used to detect combustible, flammable, and toxic gases in industries and get alert via combustible gas alarms or toxic gas alarms. Coal miners are reportedly dying due to the high rate of toxic gases such as carbon dioxide, carbon monoxide, and methane inside the tunnel. Industries responsible for nylon production, polymer manufacturing, and gold recovery uses hydrogen cyanide and hydrogen sulphide that are extremely poisonous and explosive liquid. So, these industries largely influence the gas detector market growth. Gas detector market is further gaining traction from commercial buildings, industrial plants, chemical refineries, laboratories, manufacturing plants, power plants, and drilling sites around the world.

According to a recent business intelligence report released by IndustryARC it is estimated that global gas detector market value was between $2100 million -$2400 million as of 2018, and it is projected to grow with the CAGR of around 4% during the forecast period of 2019 to 2025.

Global Gas Detector Market Companies: Recent Developments

  • Emerson Electric Co: Ultrasonic Gas Leak Detection

This equipment works on the acoustic sensor. Highly pressurized gas release produces ultrasound which the sensors are able to pick up despite the presence of audible noise. It delivers the fugitive gas leak monitoring solution that can detect all types of dangerous gas releases instantly in any conditions and requires zero maintenance. This is creating gas detector market revenue from drilling sites industries.

  • Honeywell International Inc:

Bluetooth Enabled Fixed Gas Detector Sensepoint XCL 

These types of gas detector are especially build up for commercial and light industrial applications. The device requires a setup with a user smartphone application and enables the user to wirelessly perform an activity from 33 feet away. Sensepoint XCL can sense specific gases including carbon monoxide, ammonia, and methane. These devices help industries in various ways as it offers generating system reports for regulatory compliance as well as it is easy to install and operate and saves money as well. Focused areas for sensepoint XCL are hospitals, parking areas, kitchens, bus stations that are helping Honeywell to establish a track record of strong financial performance in the gas detector market over time.

Portable Multi Gas Detector

Honeywell BW Connect assigned to Honeywell BW’s GasAlertMicroclip XL & X3 detectors along with GasAlertMax XT II can be paired with smartphones via Bluetooth. Safety Communicator app is designed to send information to the cloud which can be accessed by safety managers from remote locations in real time and able coordinate faster response in case of emergency to ensure employee safety at the workplace. The new offering by Honeywell is generating great revenue avenue in the gas detector market.

  • Figaro Engineering Inc.: Combustible Gas Sensors

Figaro combustible gas sensor is known for its accuracy, long life, and lower power consumption. It works under humidity-controlled conditions and specific gases such as LPG, methane, and H2. Figaro technology allows sensor with a rapid response that is largely influencing the leading organization and driving growth in the gas detector market.

Global Gas Detector Market: Growth Drivers

Gas detectors are used in a wide variety of applications for process and quality monitoring as well as safety and environmental compliance. Many manufacturers are offering appropriate instrumentation to protect people at risk of hazardous gas. These are some significant drivers for gas detector market.

 Global Gas Detector Market: Leading Segments

The analyst of IndustryARC estimates that the tangible progression of the gas detector market is attributed to the increasing demand for mobiles, sensors along with cloud services. Mining is the major application growing with an impressive CAGR of around 3.5% to 4.5% through to 2025.  Furthermore, North America was the leading region with a gas detector market share of between 27%-30% in 2018.

Conclusion

Gas detector is a device used to detect the harmful gases from the atmosphere or tanks leaks. Gas detector is gaining traction from commercial buildings, industrial plants, chemical refineries, laboratories, manufacturing plants, power plants, and drilling sites around the world. Mining is the major application growing with an impressive CAGR in the gas detector market.

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