Gas Leak Detector Market

Gas Leak Detector Market Snapshot

[212 Pages] The gas leak detector market is expected to reach US$ 6,460.0 Mn in 2033 and will witness a growth rate of 5.3% from 2023 to 2033. Growing Oil & Gas Industry, increasing regulatory environment for workplace safety and advancement in gas infrastructure are primary factors boosting the sales of the gas leak detectors.

Gas leak detector demand is anticipated to increase as more industrial gases like argon, helium, and nitrogen are used in various industrial application. In addition, rising gas usage in HVAC and refrigeration systems for automotive applications will offer significant potential prospects for market players in the near future.

The global gas leak detector accounts for ~ 1 to 3% of its parent market which is global industrial automation controls and products market.

Sales Analysis of Gas Leak Detector from 2017 to 2022 Vs Market Outlook for 2023 to 2033

From 2017 to 2022, the market for Gas Leak Detector increased at a 2.7% CAGR and is anticipated to grow at a CAGR of 5.2% in the forecast period of 2023 to 2033. Growth in historic period was supported by increased use of gas detectors in industrial spaces in response to overcome the risk and damage caused by gas leaks.

Toxic gas monitoring is essential for natural gas power plants, chemical processing, oil and gas pipelines, and refrigeration facilities all over the world. A lack of containment of these poisonous gases may result in excessive corrosion, environmental harm, and-most importantly-injury and death.

Many dangerous substances lack adequate physiological warning mechanisms, which allows them to overwhelm victims before they are even aware of their presence. Gas detection systems are used by organisations to safeguard workers and plant assets, as well as to avoid damage to the environment and the public.

Due to the rising demand for oil and gas around the world, numerous pipeline projects have already been completed and many more are being planned. As a result, operators all over the world are building new pipelines and extending their current pipeline networks to fulfil the rising demand for natural gas and oil.

How will MPS Sensors for Gas Leak Detector will shape the Overall Market?

The Molecular Property Spectrometer (MPS) uses a micro-electromechanical (MEMS) transducer. (MPS). The thermal parameters of the surrounding air and gases can be measured by the transducer. This type of detector includes environmental information that can be used to determine the kind and concentration of gases nearby. Natural gas is among the twelve gases that it can reliably detect. When it comes to finding natural gas leaks, the MPS sensor performs better than catalytic sensors and non-dispersive infrared sensors.

Over the past few decades, and particularly in the last ten years, the natural gas industry has experienced exponential growth. In the upcoming decades, natural gas production is projected to increase as a reasonably safe fossil fuel.

Although, when present in large quantities or in ignitable circumstances, natural gas is still a very deadly gas. Industries cannot afford to be careless in finding natural gas leaks. For prompt reactions, early and accurate natural gas leak detector is essential. The most recent technique for detecting numerous dangerous chemicals is the MPS sensor. It can be an effective strategy for defending your workplace.

What are key Challenges faced by the Market Participants?

The use of inferior quality gas leak detector in the market has been a long-lasting challenge for OEM’s. Moreover, they are surrounded by safety concerns as their capability to sustain remain in doubt.

In many regions, it is usual to find low-priced, inferior gas detector replacement items. End users don't hesitate to buy these items for short-term use because they are simply accessible and inexpensive. Similar devices are created by other local manufacturers, however they do not adhere to the regulatory standards and requirements for gas detection. Low-quality detectors and maintenance-free detectors can produce both positive and negative erroneous predictions.

Country-wise Analysis

Where Does the China Stand in the Global Market for Gas Leak Detector?

China is anticipated to remain dominant in the East Asia region and is expected to account for more than 55% of the market in the region.

China has one of the prominent industrial sectors, accounting for approximately US$ 7 trillion in annual industry value added. Rapid growth in mining, healthcare, oil & gas, and other industries presents significant opportunities for the target market in the forecast period.

What is the Outlook for Gas Leak Detector Manufacturers in Germany?

To address the rising domestic energy demand, the GCC is witnessing significant investments in the oil and gas sector. Recently, several pipeline-building contracts for the supply of feedstock to the petrochemical and refinery industries have been awarded. There is a greater need for dependable and affordable leak detection systems as pipeline networks in the GCC grow.

Over the next ten years, the GCC region is anticipated to generate an absolute dollar opportunity worth more than US$ 160 Mn through the forecast period.

Category-wise Insights

Why is There High Demand for fixed gas leak detectors?

Fixed gas leak detectors account for about 55% of the global market's value. For hydrogen plants, continuous hydrogen production, and other industrial facilities like HVAC, mining, iron & steel, and commercial buildings like hospitals, airports, and municipal water & waste water treatment facilities, fixed detection technologies have evolved to include ultrasonic detectors.

Since it requires permanent installation in a certain site, this technology is recommended. Modern fixed detection technologies are chosen over traditional warning systems because they integrate the advantages of point detectors, networked monitoring, and auto-response features.

Which Technology Influences Market Demand for Gas Leak Detectors?

The segment is set to create an absolute dollar opportunity worth more than US$ 600 Mn by the forecast period.

Electrochemical gas leak detectors are a novel gas leak detector device that has made advancements in recent years and is now gaining a significant market share.

These detectors are ideal for both permanent and portable detection systems and can be used in tough conditions. New, sophisticated models offer high specificity, quick response times, and minimal maintenance requirements. Furthermore, they provide field-selectable gas ranges.

Competitive Landscape

The market is moderately fragmented with leading players accounting for around 40-45% of the global market. To work closely with customers and meeting a range of requests, market participants are competing to be able to offer field support services and maintenance programmes. Numerous players are engaged in strategic acquisition and cooperation activities and are launching more durable and end use specific products.

• In Oct’21, Honeywell International Inc. launched new gas detection solutions offer advanced monitoring for dangerous leaks in inclement weather.

Gas Leak Detector Industry Report Scope

Key Segments Covered in Gas Leak Detector Industry Research

By Product Type

• Portable Gas Leak Detectors
• Fixed Gas Leak Detectors

By Technology

• Electrochemical Gas Leak Detectors
• Semiconductor Gas Leak Detectors
• Ultrasonic Gas Leak Detectors
• Infrared Gas Leak Detectors
• Others

By Application

• Industrial Gas Leak Detectors
• Commercial Gas Leak Detectors
• Residential Gas Leak Detectors
• Others

By Region

• North America
• Latin America
• Europe
• East Asia
• South Asia & Pacific
• Middle East & Africa

To know more about delivery timeline for this report Contact Sales