The “Gas Detectors Market” 2023-2031 Research Report affords qualitative and quantitative insights into the principal drivers, constraints, opportunities, and challenges influencing world markets growth. The find out about offers complete statistical market records on the leading players, as nicely as income predictions. This market lookup additionally presents statistics on the income boom of numerous regional and country-level markets, as properly as the opposition panorama and unique organization analyses for the projected period. The Gas Detectors Market Report covers potential improvement drivers as properly as the modern-day kingdom of market share, penetration of a number of kinds, technologies, applications, and areas thru 2031.
The global gas detectors market size was US$ 2.5 billion in 2021. The global gas detectors market is forecast to grow to US$ 3.51 billion by 2030 by growing at a compound annual growth rate (CAGR) of 3.5% during the forecast period from 2022 to 2030.
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Factors Influencing the Market
Government regulations across the world aiming to control emissions and strengthen labor safety will fuel the growth of global gas detectors. In addition, the increasing awareness related to the harmful effects of toxic and hazardous gas-related dangers will contribute to the growth of the market. For instance, there are four primary legislatures in India that encompass occupational health and safety at the workplace. The laws are The Factories Act (1948), The Mines Rules (1955), The Mines Act (1952), The Dock Workers (Welfare, Safety, and Health), and the Building and Other Construction Workers Act (Regulations of Employment and Conditions of Service) (1996).
Growing industrialization across various developing countries will surge the growth of the global gas detectors market. In addition, a growing number of hazardous incidences due to gas emissions will benefit the global gas detectors market.
The wide applications of gas detectors in laboratories and medicals to detect various flammable and toxic substances, such as methane, hydrogen, carbon monoxide, chlorine, ammonia, etc., will escalate the growth of the market.
The high cost of gas detectors may limit the growth of the industry.
COVID-19 Impact Analysis
The global gas detectors industry witnessed significant challenges due to the chaos that originated due to the COVID-19 pandemic. Governments of various countries imposed strict lockdown, which halted industrialization. Thus, it reduced the demand for gas detectors. Furthermore, the shortage of raw materials and import-export restrictions further impacted the global gas detectors market.
Regional Analysis
Of all the regions, the Asia-Pacific gas detectors market is forecast to emerge as the largest market. It is due to growing industrialization in emerging economies like China and India. In addition, a growing number of safety regulations and stringent policies by governments will contribute to the growth of the market. For instance, China introduced new workplace safety rules in 2015. In addition, the country is also witnessing a growing number of accidents. For instance, an explosion at a pesticide plant in Eastern China occurred in 2019. Due to this incident, around 47 people were killed and more than 600 people were injured. Moreover, around 44 people died in an explosion in a chemical plant in the Eastern Chinese province of Jiangsu. Thus, the growing number of such incidents is forecast to fuel the growth of the market.
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Competitors in the Market
Honeywell International Inc.
Dragerwerk AG & Co KgaA
MSA Safety Inc.
Emerson Electric Company
SENSIT Technologies
Industrial Scientific Corporation
New Cosmos Electric Co. Ltd
Trolex Ltd
Crowncon Detection Instruments Limited
Hanwei Electronics Group Corporation
International Gas Detectors
Sensidyne LP
Other Prominent Players
Market Segmentation
The global gas detectors market segmentation focuses on Communication, Type of Detector, End-User, and Region.
By Communication Type Outlook
Wired
Wireless
By Type of Detector Outlook
Fixed
Portable and Transportable
By End-User
Oil and Gas
Chemicals and Petrochemicals
Water and Wastewater
Metal and Mining
Utilities
Other
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By Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
What are the key findings of the report?
?This report provides comprehensive information on factors expected to influence the market growth and market share in the future.
?The report offers the current state of the market and future prospects for various geographical regions.
?This report provides both qualitative and quantitative information about the competitive landscape of the market.
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