Demand for Gas Detection Equipment Is Growing With A CAGR of 5.3% Over 2032

The global gas detection equipment market is estimated at USD 1.5 Billion in 2022 and is forecast to reach USD 2.6 Billion by 2032, growing with a CAGR of 5.3% from 2022 to 2032.

Fact.MR- a market research and competitive intelligence provider, foresee a thriving growth in gas detection equipment demand. The global gas detection equipment market is expected to grow at 5.3% CAGR during 2022-2032 and surpass the value of USD 2.6 Bn by the end of 2032. The global detection equipment market is expected to be valued at USD 14 Billion, however the gas detection equipment holds a market share of 11% in it.

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The gas detection industry is at different stages of growth globally. The need to comply with increasingly tough safety and environmental regulations is driving investment in toxic and combustible gas detectors among oil and gas, refining, petrochemical, and mining customers.

Industrial accidents, such as the 2010 catastrophic explosion of the Deepwater Horizon oilrig, continue to emphasize the need for better process measurements and safety warning systems. Moreover the Total’s Elgin platform gas leak that took place in March 2012 has raised serious concerns and is pushing Governments and regulatory bodies to propose stricter safety regulations. The occurrence of these incidents, across the globe, that involve hazards due to asphyxiation, explosions and threat to life are a constant reminder of the need for constant monitoring and detection solutions.

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Competitive Landscape
Fact.MR has profiled the following key gas detection equipment manufacturers in its report are 3M Company, Analytical Technology Inc., Dragerwerk AG & Co. KgaA, Emerson Electric Co., Enmet LLC., ESP SAFETY INC., Fortive Corporation, Gas Measurement Instruments Limited., Gastech Australia Pty Ltd, General Electric Company, Global Detection Systems Corp., Halma plc, Honeywell International Inc., MSA Safety Incorporated, RKI Instruments, Inc., Thermo Fisher Scientific Inc., Trolex Ltd and United Technologies Corporation

Key Segments Covered
By Type :-

  • Fixed
  • Portable

By End User :-

  • Oil & Gas
  • Mining
  • Government & Military
  • Manufacturing
  • Others

By Region :-

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • Middle East & Africa (MEA)

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Questionnaire answered in the Gas Detection Equipment Market report include:

  • How the market for Gas Detection Equipment has grown?
  • What is the present and future outlook of the global Gas Detection Equipment on the basis of region?
  • What are the challenges and opportunities for the Gas Detection Equipment?
  • Why the consumption of Gas Detection Equipment highest in region?
  • In which year segment is expected to overtake segment?

What makes Fact.MR report stand out from others?

  • Fact.MR follows a six-point mechanism known as E.V.O.L.V.E. (Evaluate. Visualize. Overcome. Leverage. Verify. Eradicate.). The report is specially created to assess the COVID-19 impact on the Gas Detection Equipment market. This mechanism focuses on almost all the factors in a definite manner to provide the best research report for the market stakeholders.
  • Evaluate: A Fact.MR report evaluates every small aspect that can prove to be a growth generator for the Gas Detection Equipment market, thus, making it different and special from other reports.
  • Visualize: The authors involved in the research activities visualized the post-COVID-19 era so that the key stakeholders of market get an overview and helps them take certain steps to ensure continuous growth during the forecast period.
  • Overcome: The report scrutinizes on points that can prove to be an Achilles heel to the Gas Detection Equipment market and assists to create strategies to overcome the obstacles that may hinder the growth of the Gas Detection Equipment market.
  • Leverage: The Gas Detection Equipment market can leverage certain aspects that can prove beneficial for the increase in growth rate. Fact.MR covers all the points on which the key stakeholders can leverage upon.
  • Verify: Research is done systematically to assure validation of all the aspects covered in the report. All the points are rechecked and verified thoroughly to avoid flaws and fake information.
  • Eradicate: Last but not the least, this aspect helps the key stakeholder eradicate all the obstacles that come between the growth rate and the Gas Detection Equipment market.

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