Gas Detection Equipment Market

The global gas detectors market was valued at 2598 3 million us in 2018 and is projected to succeed in 3607 6 million us by 2025 at a cagr of 4 8 during the forecast period.

Gas detection equipment market.

Request covid 19 impact. Global industry perspective comprehensive analysis and forecast 2018 2025. The global gas detection equipment market is expected to grow at a cagr of 5 during the forecasting period 2020 2027. Market overview the gas detection system market is expected to register a cagr of 8 64 during the forecast period 2020 2025.

Gas detection equipment market by product type portable gas system and fixed gas system by gas type flammable oxygen and toxic by technology type single gas detection and multi gas detection and by end use food beverages oil gas mining chemicals specialty chemicals emergency services water treatment power generation utilities building automation construction semiconductors and others. It is mostly adopted in large facilities. North america among them holds supremacy in the gas detection equipment market. On the basis of type the market is further segmented into fixed and portable detecting devices.

The gas detection equipment market is expected to post a year over year growth rate of 4 34. In terms of geography global gas detection equipment market is divided into north america europe asia pacific the middle east and africa and latin america. The gas detectors market was valued at usd 2 631 2 million in 2019 and it is expected to reach usd 3 213 5 million by 2025 registering a cagr of 3 37 during the period from 2020 to 2025. The gas detector equipment market is growing with significant growth due to the expansion of infrastructure and manufacturing industries.

The gas detector equipment market has been segmented on the basis of type gas type and end user. By type the market is segmented into electrochemical infrared point and infrared imaging. The gas detector is the equipment used mostly as a section of the safety system to detect the presence and leak of several gases in a given area. By application the market is divided into industrial applications and household safety.

The oil and gas industry is one of the major industries expected to invest significantly in the adoption of detectors and sensors as its investments in digital technologies increase.