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The global gas leak detector market size was valued at USD 4.73 billion in 2022. The market size is projected to grow from USD 4.99 billion in 2023 to USD 7.61 billion by 2030, exhibiting a CAGR of 6.2% during the forecast period.
A gas leak detector is equipment used to analyze and monitor the presence of toxic, inflammable or potentially hazardous gas in the proximity. The increasing efforts by governments to reduce and implement strict emission norms for industrial facility operators have encouraged them to install these detectors and monitor the daily activities of their facilities. This is one of the major factors favoring market growth.
Moreover, residential property developers are increasing their investments to build cleaner and greener properties with the help of connected wireless networks, thereby boosting the installation of modern and wireless gas detectors. Manufacturers are also equipping these detection solutions with cutting-edge technologies, such as Internet of Things (IoT), AI and Bluetooth for industry-specific applications to attract customers from a wide array of sectors.
Factors, such as rising concern regarding the safety and seamless operations of facilities among industrial plant operators and efforts taken by governments and industries to monitor and reduce the gas emissions to progress towards sustainability will increase the gas leak detector market share.
COVID-19 Pandemic Caused Severe Drop in Residential Infrastructure Development, Disrupted Industrial Operations
The outbreak of the COVID-19 virus had some serious repercussions on the functioning of this market. The pandemic caused a dramatic fall in activities of the labor-intensive infrastructure and residential construction sectors. Moreover, the economies of the U.S., China, the European Union, and India experienced considerable contraction as their governments halted many economic operations to cope with the pandemic situation. The shutdown of industrial facilities and reduced activity even in the essential sectors had a negative influence on the market forecast.
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Integration of Modern Technologies in Advanced Detectors to Spur Market Growth
In recent years, many companies are focusing on manufacturing gas detectors equipped with advanced sensors and better connectivity with online servers of various industrial facilities. These detectors provide better real time analysis and more reliable, faster response to the detection of toxic or inflammable gases. These products are also gaining considerable traction among residential as well as commercial consumers to offer effective protection to the infrastructure.
Additionally, the development of leak detectors with better maneuverability across the facilities and ability to detect gas leaks in inhospitable and crammed spaces will create new growth opportunities for the market.
Incorporation of Wireless Technologies to Drive the Production of Detectors
In recent years, more industrial facilities are being incorporated with wireless technologies to improve their overall performance. Many commercial buildings and residential infrastructures are also being connected to wireless networks. These developments are some of the most promising factors bolstering the market growth. Many manufacturers operating in this industry have started developing detectors equipped with the same technology for better performance and seamless integration in the operational infrastructure. This move is expected to minimize installation costs and elevate the operational efficacies of the device.
For instance, facility operators are keen on installing wireless gas detectors in the existing setup of networks and systems to provide reliable and accurate results. Additionally, these detectors can be linked to various mobile devices, such as smartphones to offer end-users, such as safety personnel, decision makers in the facility management, technicians, and engineers a hassle-free access to real time data to make critical decisions in case of emergency at factories.
Inability to Restrict Possible Fire Hazards Might Hamper Adoption of Gas Leak Detector
Gas leak detection systems cannot control the catastrophic aftereffects of a leakage and act only as an alarm system to detect the leakage. These devices are unable to mitigate the leakage post its detection, resulting in fire hazards and severe damage to the infrastructure.
Moreover, these gas sensors have their own limitations based on the type of product. For instance, catalytic bead sensors are quite sensitive to lead, chlorine, and silicon and can get poisoned with constant exposure to these elements.
In case of fixed leak detection systems, the hefty investments required during the installation phase can make industrial and commercial end-users reluctant to use these systems. These factors can further stifle the market progress.
Electrochemical Detectors and Catalytic Bead Sensors to Gain Traction across the Market
Based on product type, the market is classified into electrochemical, catalytic bead sensors, photo-ionization, infrared point, optical, ultrasonic, and others (semiconductor, infrared imaging, and holographic).
Electrochemical and catalytic bead sensors are the two segments projected to hold a sizable market share and register a strong CAGR during the forecast period. Electrochemical sensors can detect toxic gas in the environment at an extremely low concentration, making them a highly versatile product. Also, simple technology and wide availability of catalytic bead sensors at an affordable cost are contributing to the market expansion.
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Portable Gas Detectors Widely Used in Crammed and Isolated Locations
Based on installation, the market is categorized as fixed and portable. The requirement of the facility operators to detect gases at relatively crammed and isolated locations has increased the need for portable gas detectors for effective and precise monitoring. The increasing usage of these devices across different application industries is estimated to boost their adoption. The heavy application of detectors equipped with wireless network technologies will also aid the installation of portable leak detectors.
Fixed gas detectors are also expected to record a steady CAGR throughout the forecast timeline and retain its 1/3rd market share. The adoption of these sensors to examine and monitor large & open areas will increase their sales.
Gas Leak Detector to be Extensively Used Due to Growing Establishment of Commercial Complexes
Based on application, the market is categorized into residential, and commercial/industrial.
The commercial/industrial segment is projected to capture a large industry share during the forecast period. The growing importance of monitoring leakages in industrial and commercial facilities and constant data gathering to protect the vulnerable sites will help the gas leak detector industry share grow.
The oil & gas and energy & power segments will significantly contribute to the market growth. The growing upstream and downstream operations in the oil & gas industry due to the constantly rising demand for oil & gas products will provide favorable opportunities for the market to grow. The need to identify the emission of toxic fumes or inflammable gases to avert any possible accident in these vulnerable industrial facilities will positively influence the gas leak detector market forecast.
Asia Pacific Gas Leak Detector Market Size, 2022 (USD Billion)
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The market is classified across five main regions, such as North America, Europe, Asia Pacific, South America, Middle East and Africa.
Asia Pacific is estimated to hold a major share of the global market as the region is heavily investing in the construction sector. Governments are also showing their interest in the development of sustainable and modern infrastructural facilities, further reinforcing the industry development.
In the recent times, government of India seemed pretty keen towards the establishment of modern and state of art infrastructural facilities in order to boost the developments and attract the foreign investments in the economy. The efforts to uplift the standards of commercial infrastructure and industrial facilities are anticipated to provide a robust surge for growth of the Indian market.
Europe is estimated to hold a sizeable market share after Asia Pacific, with the U.K. and Germany being significant contributors to the product demand. Gas detectors are becoming a mainstream product in a wide range of application sectors in these countries. The well-established manufacturing cluster of these developed nations is estimated to aid the product supply across the region.
The North American market is expected to capture a considerable market share. The region has a considerable presence of prominent companies that deal in the production and supply of advanced gas detectors. Moreover, stringent norms formulated by the federal governments regarding smoke and gas leak detection to restrict any possible fire hazard is boosting the sales of gas leak detection systems across the region.
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The rest of the world region consists of the Middle East and Africa (MENA) and South America. The underdeveloped supply chain and limited scope of application might strain the product demand across these regions.
Companies Might Introduce Innovative Products and Venture into Collaborations to Strengthen their Market Position
Numerous well-established companies are making robust investments in research and development activities and are trying to introduce diversity in their product portfolio to make considerable inroads in the global market. These industry players are launching new and modern products to gain a strong competitive edge over their rivals. Moreover, many manufacturers are working on the effective execution of inorganic growth strategies by finalizing merger & acquisition agreements, signing partnership contracts, and launching joint ventures to enhance the product sales.
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CAGR of 6.2% from 2023 to 2030
Value (USD Billion)
By Product Type
As per the Fortune Business Insights study, the market size was valued at USD 4.73 billion in 2022.
The market is likely to grow at a CAGR of 6.2% during the forecast period of 2023-2030.
The portable segment is expected to lead the market owing to the rising demand for accurate and real-time detection of gas leakage across confined and isolated locations.
The Asia Pacific market size stood at USD 1.56 billion in 2022.
The development of a wireless network to connect gas detectors is cited as one of the crucial factors driving the market growth.
Some of the top players in the market include Honeywell International, RIKEN KEIKI, and Emerson Electric.
The U.S. dominated the market in terms of unit sales in 2022.
Inability to restrict fire hazards might restrain the installation of gas sensors.
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