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Global Gas Detectors Market to Grow at a CAGR of 3.37% During 2022-2027, Aided by the Thriving Oil and Gas Industry

According to a new report by EMR titled, ‘Global Gas Detectors Market Report and Forecast 2022-2027’, the market attained a value of nearly USD 2,722.9 million in 2021. The global gas detectors industry is further expected to grow at a CAGR of 3.37% between 2022 and 2027, rising application of gas detectors in the oil and gas industry.

Rising application of gas detectors in the oil and gas industry has been driving the market in the historical period and is likely to propel the market growth in the coming years as well. This can be attributed to the fact that gas detectors can provide safety to the workers in factories and mills by effectively and quickly detecting any kind of gas leak. In addition to this, the growing adoption of hand-held devices is expanding the scope of application of gas detectors in various end use industries due to the low initial implementation cost and improved safety of the gas detectors.

In terms of region, the Asia Pacific is likely to account for a significant share in the market and is anticipated to witness a considerable growth in the forecast period. The market in the region is being driven by the favourable government regulations regarding the use of gas detectors. Moreover, the rising demand for gas detectors from the metal and mining industry in the region is anticipated to provide impetus to the market in the forecast period.

In June 2020, Drägerwerk AG & Co. KgaA (ETR: DRW8) announced the launch of Polytron 8900 UGLD. The product is an ultrasonic gas sensor that has the capability to detect gas leakage at an early stage.

Market Breakup by Communication Type, Type of Detector, End-User, and Region:

  • The market is bifurcated on the basis of communication type into wired and wireless.
  • Based on type, the market is divided into fixed, portable, and transportable.
  • The end-users of the product include oil and gas, chemicals and petrochemicals, water and wastewater, metal and mining, and utilities, among others.
  • Region-wise, the global market for gas detectors can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The market is being driven by the growing application of the product in various end-use industries including metal and mining, oil and gas, and chemicals and petrochemicals, among others.
  • The growing concerns, coupled with stringent government regulations about the safety of workers and employees working in an environment with high risk of gas leakage, is anticipated to augment the market in the forecast period.
  • The growing preference towards wireless gas detectors is likely to provide impetus to the market.
  • The market will further be aided by the growing demand for gas from the household sector.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for gas detectors for the periods (2017-2021) and (2022-2027).
  • The report also offers historical (2017-2021) and forecast (2022-2027) market information for the communication type, type of detector, end-user, and regions of gas detectors.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global gas detectors market are Honeywell International Inc., Drägerwerk AG & Co KgaA, MSA Safety Inc., Emerson Electric Co., and SENSIT Technologies, LLC, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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