Portable Gas Detection Equipment Market Size | Forecast 2031

Report Description

The global portable gas detection equipment market size was around USD 1.4 billion in 2021 and is expected to surpass USD 2.3 billion by 2030, expanding at a compound annual growth rate (CAGR) of 4.2% during the forecast period, 2022–2030. The market growth is attributed to the growing use of portable gas detector equipment for safety measures of miners and workers in mining and Oil & Gas industry.

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Gas detector comes in two main formats, Portable gas detectors and fixed gas detectors. Portable gas detectors are the detectors which are used for combustible and toxic gas detection. These detectors are used to prevent a person from being exposed to toxic gas that are harmful and can kill a person. The portable gas detectors work by monitoring different gas levels present in the air.

The sensor serves as a reference point and scale, producing a measurable electric current when a chemical reaction caused by a specific gas occurs. The sensor will monitor these currents and alarm the user when the presence of gas approaches a hazardous amount. These devices are generally battery operated and used for safety. Portable gas detector requirements can be just for a single gas or for multi-gas monitor.

COVID-19 Impact

The market report finds that the COVID-19 pandemic hampered the global portable gas detection equipment market due to sudden disruption in demand for portable gas detection equipment. The global market had major setback due to the sudden outbreak of COVID-19, including the demand for Oil & Gas which ultimately led to decrease in demand for portable gas detection equipment around the globe.

In the early phase of COVID-19 pandemic, governments across the globe imposed strict guidelines such as social distancing to prevent the spread of corona virus. Due to the social distancing, lack of working labors in the Oil & Gas industry and mining sector affected the global market.

Market Dynamics

The research report presents a complete overview by providing detailed information about the current market trends, existing drivers, growth opportunities and potentials, and emerging challenges. The portable gas detection equipment market report has up-to-date insights about market dynamics and market scenarios that can shape the overall market performance and output during the forecast period, 2022 to 2030.

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Major Drivers:

Increasing demand and growing usage of natural gas in residential and commercial sector

The growing use natural gas in commercial and residential sector can boost the global portable gas detection equipment market. The portable gas detection equipment is widely used in Oil & Gas industry for safety concerns of workers. Rapid growth in demand for natural gas in the commercial sector such as it is used to manufacture various chemicals and steel, cement, bricks, and other essential commodities. The increasing in demand for natural gas leads to rising demand for portable gas detection equipment for various purposes.

Existing Restraints:

High cost of gas detection equipment

The high cost of potable gas detection equipment can hinder the global market during the forecast period. Sensors which are used in the portable gas detection are expensive comparing with fixed gas detection equipment which can affect the overall market growth. High cost of various gas sensors can decrease the global demand for portable gas detection equipment which can hamper the market growth.

Emerging Opportunities:

New technological advancement regarding portable gas detection equipment

New technological advancement in portable gas detection equipment can produce new lucrative opportunities for the global portable gas detection equipment market. New development regarding sensors used in portable gas detection equipment such as early detection of toxic gases and quick alarming option can open new doors for the market growth in the coming years.

Scope of the Report

The global portable gas detection equipment market research report includes an assessment of the market trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Market Segment Insights

Multi-gas detection segment to expand at a significant growth rate

Based on technology, the global portable gas detection equipment market is bifurcated into single gas detection and multi-gas detection. The multi-gas detection segment is expected to expand at a significant growth rate during the projected period owing to the various advantages of using multi-gas detector over single gas detection such as versatility and affordability.

The multi-gas detector includes several sensors that require the calibration process, which is time-consuming for all the sensors, so using multi-component calibration gas mixture can significantly reduce the time and effort needed to calibrate a multi-gas sensor.

However, the single gas detection segment is anticipated to hold a key share of the market in the coming years due to the various benefits of single gas detection over the multi-gas detection. The increasing use of single gas detector is attributed to the compact size and lightweight equipment and are easily wearable as a part of uniform or as a clip on a belt can boost the segment in the coming years.

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Catalytic Sensors segment to register a considerable CAGR

On the basis of sensor, the global market is divided into infrared sensors and catalytic sensors. The catalytic sensors segment held the major market revenue share in 2021 owing to the increasing use of catalytic sensors for multi-gas detector. The catalytic sensors segment is projected to register a considerable CAGR during the forecast period due to the durability and low-cost maintenance of sensors. Catalytic sensors are easy to install and operate which are widely used for multi-gas operations.

The growing demand for this equipment is owing to their superior design, which allows the systems to operate easily and efficiently for long period of time. On the other hand, the infrared sensors segment is anticipated to account for a major market share in the coming years due to the several advantages of infrared sensors such as these sensors offers immunity to contamination and poisoning which is helpful for the miners and workers in Oil & Gas industry.

Infrared gas detection sensors are widely used for detecting quantity of harmful environmental and industrial gases such as carbon monoxide, carbon dioxide, and methane. These gas detectors are vital for monitoring efficiency and safety in a range of applications can fuel the segment in the global market.

Wearable gas detector segment to register major revenue share

Based on by product type, the global portable gas detection equipment market is bifurcated into wearable gas detector and non-wearable gas detector. The wearable gas detector segment is expected to register major revenue share during the forecast period owing to the benefits of monitoring lone workers in real-time to help provide critical data points about on-site workers to off-site safety managers including emergency monitoring.

Wearable gas detectors are easy to handle and use for workers that can help to boost the segment in the global market. Non-wearable gas detector segment to register a considerable CAGR in the project year owing to the low cost and enhanced technical advantages such as low power consumption, as well as cellular technology, Wi-Fi sensors and Bluetooth built in the device enables various applications and boost the segment in the coming years.

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Oil & Gas segment is expected to expand at significant rate

In terms of end-user, the global market is segregated into mining, building automation system, Oil & Gas, and others. The Oil & Gas segment is expected to expand at significant rate due to the increasing demand for portable gas detection equipment for safety measures of workers and to curb incidences of gas leaks and related fatalities.

Portable gas detection equipment is widely used in Oil & Gas industry to detect known and unknown gas hazards such as toxic gases which are harmful for employees work in these sectors.

Mining segment to register a considerable CAGR during the forecast period due to the rising adaptation of portable gas detection equipment for safety measures of miners. Portable gas detector allows miners to test for unknown gas hazards such as toxic gases, provide early warnings of the presence of dangerous gases and trace leaks.

North America to dominate the market

In terms of regions, the global portable gas detection equipment market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market size of North America is expected to dominate the market during the projected period due to the increasing shale gas production and technical advancements regarding extraction of Oil & Gas. Rapid growth in number of natural gas filling stations is increasing the demand for natural gas detector equipment.

The rising initiatives taken by US government regarding the safety and protection of employees who are regularly exposed to harmful gases can fuel the global market. However, the market of the Asia Pacific is anticipated to expand at a rapid pace during the forecast period due to the increasing adoption of natural gas by emerging economies such as India and China.

The rising industrial sector in developing countries can boost the demand for natural gases which ultimately led to the increasing demand for wireless gas detectors. The Rapid expansion of operations by various oil companies such as The Oil & Natural Gas Corporation of India and the National Offshore Oil Corporation of China can fuel the global portable gas detection equipment market

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