Technology
The Air and Gas Leak Detectors Market size to grow by USD 353.76 million| Market Research Insights highlight The increase in the number of industry safety performance standards as Key Driver | Technavio

The Air and Gas Leak Detectors Market size to grow by USD 353.76 million| Market Research Insights highlight The increase in the number of industry safety performance standards as Key Driver | Technavio

NEW YORK, Jan. 3, 2022 /PRNewswire/ — According to the research report “Air and Gas Leak Detectors Market by Product and Geography – Forecast and Analysis 2021-2025“, the market will witness a YOY growth of 2.13% in 2021 at a CAGR of 3% during the forecast period. Furthermore, this report extensively covers market segmentation by product (fixed detector, portable detector, and detector tube) and geography (APAC, North America, Europe, MEA, and South America).

For more insights on YOY and CAGR, Read our FREE Sample Report

Vendor Insights 

The air and gas leak detectors market is fragmented in terms of product features, prices, and monitoring services and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Air and gas leak detectors are sold directly and indirectly through suppliers, regional players, and certified distributors. Industries such as oil and gas, chemical and petrochemical, power generation, metals and mining, water and wastewater, food and beverages, and pharmaceutical prefer established vendors of air and gas leak detectors due to their high brand value and expertise in remote and real-time monitoring techniques.

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

  • ABB Ltd.
  • Danaher Corp.
  • Dragerwerk AG & Co. KGaA
  • Emerson Electric Co.
  • Honeywell International Inc.
  • Johnson Controls International Plc
  • MSA Safety Inc.
  • Schneider Electric SE
  • Siemens AG
  • Yokogawa Electric Corp.

Find additional highlights on the growth strategies adopted by vendors and their product offerings, Read Free Sample Report. 

Geographical Market Analysis 

APAC will provide maximum growth opportunities in air and gas leak detectors market during the forecast period. According to our research report, the region will contribute 50% of the global market growth and is expected to dominate the market through 2025. 

China is the key market for air and gas leak detectors in APAC. The expansion of the air and gas leak detectors market in APAC is fueled by advancements in IoT and remote monitoring. The increase in the adoption of new safety systems and domestic demand, coupled with the rising number of safety applications with cost-effective monitoring solutions, will boost the growth of the air and gas leak detectors market in APAC.

Furthermore, countries such as the US, China, Germany, and Russian Federation are expected to emerge as prominent markets for the air and gas leak detectors market during the forecast period. 

Know more about this market’s geographical distribution along with the detailed analysis of the top regions. https://www.technavio.com/report/air-and-gas-leak-detectors-market-industry-analysis

Key Segment Analysis

The air and the gas leak detector segment is segmented by- fixed detector, portable detector, and detector tube. Among these air and gas leak detectors, market share growth by the fixed detector segment will be significant during the forecast period. In this detection systems, gas control panel interfaces with gas detection sensors installed on the wall. They help in the detection of harmful gases and the protection of industrial sites from the risk of flammable gas explosions.

The demand for fixed leak detectors emerges from industries, including chemical, petrochemical, textile, food, and biotechnology. Continuous monitoring of gas emissions in areas such as industrial units, labs, and other locations is required in these businesses and are operational throughout their life after installation. An increase in fixed detector production will drive the global air and gas leak detectors market during the forecast period.

View FREE Sample: to know additional highlights and key points on various market segments and their impact in coming years. 

Key Market Drivers & Trends: 

The increase in the number of industry safety performance standards is notably driving the the air and gas leak detectors market growth. With the growing population and industrialization across regions, there is a growing demand for energy sources resulting in increased exploration activities worldwide. The implementation of the IEC 61511 and S84.01 standards for A&G detection systems has become more strict in recent years. In addition, a revised version of an International Society of Automation (ISA) technical report, TR84.00.07, aimed at offering guidelines on the evaluation of the effectiveness of A&G detection systems, is now under review, which will help the market develop even faster over the forecast period.

Download free sample for highlights on market Drivers & Challenges affecting the air and the gas leak detector market. 

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Related Reports: 

IoT Sensors Market by Type and Geography – Forecast and Analysis 2022-2026

Air and Gas Leak Detectors Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 3%

Market growth 2021-2025

$ 353.76 million

Market structure

Fragmented

YoY growth (%)

2.13

Regional analysis

APAC, North America, Europe, MEA, and South America

Performing market contribution

APAC at 50%

Key consumer countries

US, China, Germany, and Russian Federation

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

ABB Ltd., Danaher Corp., Dragerwerk AG & Co. KGaA, Emerson Electric Co., Honeywell International Inc., Johnson Controls International Plc, MSA Safety Inc., Schneider Electric SE, Siemens AG, and Yokogawa Electric Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

About Us: 

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. 

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