The [FURL=https://www.industryarc.com/Report/15621/gas-detector-market.html]Gas Detector Market[/FURL] is forecast to reach $2.96 billion by 2025, growing at a CAGR of 4% during 2019-2025. Growth of the gas detector market can be attributed to increasing application of gas detectors in building automation systems and industries such as mining, oil and gas, and others. Increasing investments by manufacturers for the development of smart gas detectors and integration of gas detectors with wireless technology including Bluetooth, Wi-Fi, Wi-MAX, ZigBee, HART Protocol; and artificial intelligence is stoking demand for gas detection systems.Key Takeaways
The gas detector market is a moderately fragmented market with top five players accounting for a market share of 30-40% in 2018.
The gas detectors market registered a major share in mining applications in 2018, owing to stringent safety regulations in this industry.
The North American market holds major share owing to an increase in usage of gas detectors in the oil and gas, mining and building automation applications.
Adoption of wireless gas detectors and integration of AI technology for the development of smart gas detectors is set to drive the market.
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Gas Detector Market Segment Analysis - By Geography
The North American region is leading the gas detector market in terms of revenue share, and held a 28% share in 2018. In North America, the utilization of gas detectors has been increasing in mines, especially in coal mines, in order to reduce methane emissions. In 2016, the U.S. faced nearly a four-month-long gas leakage which discharged nearly 100,000 metric tons of methane from a ruptured well of Aliso Canyon storage facility in southern California. Incidents like these have led to an increase in adoption of gas detectors in industries such as mining, oil and gas and others. This is set to fuel demand for gas detectors in the North America region.
Gas Detector Market Drivers
Stringent Government Regulations
Evolution of Communication Protocol for Wireless Integration of Gas Detectors
Market Landscape
As of 2018, the market for gas detectors remained moderately fragmented with the top five players accounting for 30-40% of the market share. Major players in the gas detector market include ABB, MSA Safety Inc, Honeywell International Inc, Emerson Electric Co., and RIKEN KEIKI Co., Ltd. Acquisitions of companies and product launches are key strategies adopted by players in the gas detectors market.
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