Gas Leak Detector Market Size, Share & COVID-19 Impact Analysis, By Product Type (Electrochemical, Photo-ionization, Infrared Point, Optical, Ultrasonic, Others), By Installation (Fixed, Portable), Application (Residential, Commercial / Industrial) and Regional Forecast, 2023– 2030

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 IMPACT

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.

LATEST TRENDS

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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.

DRIVING FACTORS

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.

RESTRAINING FACTORS

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.

SEGMENTATION

By Product Type Analysis

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.

By Installation Analysis

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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 1/3^rd market share. The adoption of these sensors to examine and monitor large & open areas will increase their sales.

By Application

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.

REGIONAL ANALYSIS

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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.

KEY INDUSTRY PLAYERS

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.

List of the Key Companies Profiled:

• Robert Bosch (Germany)


• Bacharach (U.S.)


• Emerson Electric (U.S.)


• ABB Ltd. (Switzerland)


• General Electric (U.S.)


• Honeywell International (U.S.)


• HENGKO Sintered Metal Filters And Humidity Transmitter (China)


• RIKEN KEIKI (Japan)


• PCE Deutschland GmbH (Germany)


• SENSIT TECHNOLOGIES (U.S.)

KEY INDUSTRY DEVELOPMENTS:

• October 2021 – Honeywell International Inc. launched Bluetooth-connected gas detectors named Serachline Excel^TM Edge and Honeywell Searchline Excel™ Plus. These sensors are developed using advanced infrared and optic technologies which enables them to efficiently monitor the job site during inclement weather conditions. These gas detectors have a wide array of applications across industries, such as petrochemical, chemical, and oil & gas.


• November 2022 – ABB Ltd. demonstrated the effectiveness of its drone-based gas detection technology to monitor and track the source of leakage of greenhouse gas and methane across the methane well. The company also deployed its Hoverguard leak detection systems and commissioned MobileGuard (vehicle-based detector) and MicroGuard (portable detector) for better real-time data monitoring.


• July 2021 – Semtech Corporation ventured into a collaboration with eLichens, designer of a highly effective methane detector - avolta-CH4. The partnership allowed the company to develop and manufacture new connected gas sensors that comply with the LoRaWAN standards.


• January 2022 – Due to substantial funding from the U.S. Department of Energy (DoE) and Fossil Energy Office, Louisiana State University, University of Oklahoma, and the Oak Ridge National Laboratory successfully developed the Quantum Sensing System. This technology is expected to increase the safety in the piping operation and will closely monitor the leakage to prevent any hazard from gas leakages across the piping infrastructure.


• April 2021 – Dräger, a gas detector manufacturer developed the Polytron 8900 Ultrasonic Gas Leak Detector (UGLD) transmitter. The gas sensing technology will assist in the detection of high-pressure gas leaks in outdoor industrial environments.

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