Gas Leak Detector Market

Global Market Study on Gas Leak Detectors: Portable Systems to Remain Most Sought-after across Regions

Market Snapshot

Newly released data from the gas leak detectors market analysis by Persistence Market Research shows that global demand enjoyed year-on-year (YoY) growth of 4.8% in 2021 to reach sales of 6.6 million units. Demand for ultrasonic gas leak detectors grew 5% to 1 million units, while industrial gas leak detectors were up 4.9% to 4 million units.

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Companies

  • MSA Safety Inc.
  • 3M Co.
  • Danfoss A/S
  • Det-Tronics Corporation
  • Inficon Holding AG
  • Emerson Electric Co.
  • Honeywell International Inc.
  • Draegerwerk AG & Co KGaA
  • Testo SE & Co KGaA
  • Tyco International PLC

Key Points Covered in Gas Leak Detectors Industry Survey:

  • Market Estimates and Forecasts (2016-2031)
  • Key Drivers and Restraints Shaping Market Growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Brand Share and Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on Gas Leak Detectors and How to Navigate
  • Recommendation on Key Winning Strategies

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Sales Analysis of Gas Leak Detectors from 2016 to 2020 Vs Market Outlook for 2021 to 2031

From 2016 to 2020, the global gas leak detectors market expanded at a CAGR of over 1.5%. Usage of these systems, especially in industrial spaces, has increased over the past few years as a response to overcome the risk and damage caused by gas leaks.

Further regulations for workplace safety, including personnel safety and equipment safety, has increased the adoption rate of these systems across industries. With the evolution of detection systems, safety officers and managers are able to assess risks closely and prevent breakouts.

Persistence Market Research expects the global gas leak detectors market to expand at over 5% CAGR through 2031.

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What are the Roadblocks that Manufacturers of Gas Leak Detectors Face?

Availability of low-cost and low quality substitute products for gas detectors is common across many regions. Since these products are easily available at low cost, end users don’t think twice about buying them for temporary use.

Many local manufacturers develop similar products, but these do not meet standard regulatory norms and guidelines for gas detection. Using low quality detectors or maintenance-free detectors can result in false predictions, both, positive and negative.

Sub-standard products don’t provide accurate data and stop performing after a certain period of time. These factors lead to various unforeseen conditions in small industrial premises.

An upsurge in low-value detectors is restraining market growth. Brand awareness measures can be undertaken to mitigate these concerns, as well as legal support to the use of branded products.

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Will Sales of Gas Leak Detectors Gain Traction Over the Coming Years?

Around the world, toxic gas monitoring is vital for natural gas power plants, chemical processing, oil and gas pipe production plants, and refrigeration facilities. Excessive corrosion, environmental damage, and, most importantly, injury and death can all arise from a loss of containment of these toxic gases.

Many poisonous compounds have weak physiological warning features, which means they can overwhelm people before they even realize they're there. Organizations utilize gas detection systems to protect personnel and plant assets, as well as to prevent harm to the environment and the public outside of the fence line. Toxic gas detection systems have a long history in the workplace, where they are either required by law or used on a voluntary basis.

Which Region Offers the Largest Opportunity for Sales of Gas Leak Detectors?

With an absolute dollar opportunity of around US$ 735 Mn, North America is expected to be the most lucrative market for gas leak detector suppliers. The U.S. is leading the North American market and is expected to witness high growth during 2021-2031.

Presence of key participants involved in influencing global market dynamics makes it a prominent region in the global market, and offers the largest opportunity for the sale of gas leak detectors and related products.

gas-leak-detectors-market

Country-wise Insights

Will the U.S. Remain a Lucrative Market for Suppliers of Gas Leak Detectors?

The market in the U.S.is expected to create an absolute dollar opportunity of US$ 530 Mn from 2021-2031, with the country accounting for 10% of the global market share.

In the U.S., there is high concentration of gas leak detector manufacturers. These suppliers have wide product portfolio offerings and generate larger revenue streams from the sales of gas detectors. Trends in multi-gas detection via a single device are common in the country.

What is the Potential for Gas Leak Detectors in GCC Countries?

The gas leak detectors industry in GCC countries holds close to 50% market share in the Middle East & Africa. A vast developing oil & gas sector and ongoing urbanization have led the market in GCC to grow multifold in the past few years.

As the scale and growth of demand for hydrogen rise, hydrogen gas detection in oil refineries has become crucial, since these countries are large producers and consumers of hydrogen gas.

The GCC region is expected to create an absolute dollar opportunity of US$ 150 Mn over the next ten years.

Category-wise Insights

Which Type of Gas Leak Detector Drives Most Demand?

The market value share of fixed gas leak detectors is nearly 55% of the global market. Fixed detection technologies have developed to include ultrasonic detectors for large hydrogen plants, continuous hydrogen production, and other industrial facilities, including automotive manufacturing, oil, gas, petrochemical refineries, chemical plants, HVAC, mining, iron & steel, and commercial facilities such as hospitals, airports, and municipal water & waste water treatment facilities.

Moreover, this technology is preferred as it involves permanent installation within a given location. Advanced fixed detection technologies combine the strengths of point detectors, networked monitoring, and auto-response functions, and are preferred over conventional alarming systems.

Which Technology Influences Market Demand for Gas Leak Detectors?

Advances in novel gas leak detection technologies, such as electrochemical gas leak detectors, are allowing this technology to gain a higher value share in the global market.

These detectors can be used in harsh environments and are extensively suitable as both, portable and fixed detection systems. New advanced models provide high specificity, fast response, and low burden on maintenance. They also offer field-selectable gas ranges.

The segment is expected to create an absolute dollar opportunity of US$ 530 Mn from 2021 to 2031.

Which Application of Gas Leak Detectors is Most Popular?

Applications of gas leak detectors at industrial facilities is expected to create an absolute dollar opportunity of close to US$ 1.6 Bn by 2031. Gas leak detectors are used across varied industries such a soil & gas, refineries & petroleum, chemical plants, power generation, marine, printing, pulp and paper, electronics, building & construction, HVAC, general manufacturing, and mining.

Deployment of gas leak detector systems at industrial facilities will be a part of risk mitigation and predictive maintenance strategy. Detection of toxic gases in extreme industrial environments has been a subject of paramount importance, and will continue to be so over the coming years as well.

Insights into Gas Leak Detectors Market Competitive Landscape

This space is a moderately fragmented market with the top players holding nearly 40-45% of the global market share. Product development and providing products according to niche applications are key supply behaviors in the global market.

Market participants are vying to be able to provide field support services and maintenance programs as a strategy to work closely with clients and fulfil varied demands. Key strategic acquisition and collaboration initiatives are being carried out by many players.

  • In October 2018, the assets of Final Phase Systems LLC, a software developer, and Techno-Tools Corp., a manufacturer of hand-held leak detectors, were acquired by INFICON Holding AG.
  • MSA Safety Inc announced that it entered into a definitive agreement to acquire Bacharach, Inc. This acquisition will expand MSA's gas detection portfolio, and leverages its product and manufacturing expertise into new markets.

Report Scope as per Gas Leak Detectors Industry Research

Attribute

Details

Forecast Period

2021-2031

Historical Data Available for

2016-2020

Market Analysis

US$ Million for Value and ‘000 Units for Volume

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • Asia-Pacific
  • The Middle East & Africa

Key Countries Covered

  • US
  • Canada
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • ASEAN
  • Oceania
  • Turkey
  • South Africa

Key Market Segments Covered

  • Type
  • Technology
  • Application
  • Region

Key Companies Profiled

  • MSA Safety Inc.
  • 3M Co.
  • Danfoss A/S
  • Det-Tronics Corporation
  • Inficon Holding AG
  • Emerson Electric Co.
  • Honeywell International Inc.
  • Draegerwerk AG & Co KGaA
  • Testo SE & Co KGaA
  • Tyco International PLC

Pricing

Available upon Request

Key Market Segments Covered

By 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

Key FAQs Answered in Gas Leak Detectors Industry Research

  • How much is the gas leak detectors market currently worth?

    The global gas leak detectors market is currently valued at just above US$ 3.5 Bn.

  • What is the demand outlook gas leak detectors for the next ten years?

    Sales forecasts project a healthy growth rate of over 5% CAGR, wherein, demand saturation will be attained by end of 2031.

  • At what CAGR did the market expand over the past 5 years?

    The global market for gas leak detectors expanded at a sluggish CAGR of 1.4% from 2016 to 2020, majorly hindered by the COVID-19 pandemic in 2020.

  • What are the key trends shaping the progress of the gas leak detectors industry?

    Preference for built-in smart connectivity and offering of aftersales value-added services are key market trends being observed.

  • Which factors are driving demand for gas leak detectors?

    Industrial gas leakage risks in processes are leading to high demand for cost-efficient prototypes in safety and security systems.

  • What is the market share of the top 5 manufacturers of gas leak detectors?

    Top 5 suppliers of gas leak detectors are Danfoss A/S, Tyco International Inc., Emerson Electric Co., 3M,and Honeywell International Inc., who together hold around 25% market share.

  • Which countries drive the most demand for gas leak detectors?

    Japan, Germany, Canada, and GCC countries account for bulk of the demand for gas leak detectors.

  • What is the market outlook for the North American region?

    The market in North America is expected to rise at a decent rate, where Canada will outpace growth of the U.S. market that is heading toward demand saturation.

  • At what percentage is Germany going to register growth in Europe?

    In Europe, Germany is a leading market, and is projected to expand at 8.3%CAGR through 2031.

  • Who are the key exporters of gas leak detectors?

    Germany, China, and Japan are major exporting countries of gas leak detectors.

  • What are the key market statistics for Korea and Japan?

    Japan and S. Korea are together estimated to account for 30% of global market share, expanding at a robust CAGR of 13%.

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