Lucintel's latest market report analyzed that gas detection equipment provides attractive opportunities in the medical, building automation & domestic appliance, environmental, petrochemical, automotive, industrial, and oil & gas end use industries. The gas detection equipment market is expected to reach $7.0 billion by 2028 with a CAGR of 7.6%. In this market, fixed gas detector is the largest segment by product, whereas petrochemical is largest by end use industry.
Based on product, the gas detection equipment market is segmented into fixed gas detectors and portable gas detectors. The fixed gas detector segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the growing need for safe and healthy working environments, along with increasing implementation of wireless technology as it enables efficient monitoring and data analysis.
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The Gas Detection Equipment Market is marked by the presence of several big and small players. Some of the prominent players offering gas detection equipment include ABB, Airtest Technologies, Teledyne Technologies, Fluke Corporation, General Electric Company, Honeywell International, Lynred, OpgalOptronics Industries, Thermo Fisher Scientific, and Siemens.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link helpdesk@lucintel.com.
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