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Gas Detector Market Trends

Report ID: GMI8607
Published Date: Mar 2024
Report Format: PDF

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Gas Detector Market Trends

There is a shift toward wireless and IoT-enabled gas detection systems, which provide remote monitoring & real-time data analysis for increased safety and efficiency. There is a growing emphasis on miniaturization and portability, which allows gas detectors to be lighter and more versatile for use in a variety of environments. Advancements in sensor technology, such as MEMS-based sensors and infrared spectroscopy, are increasing detection accuracy and lowering false alarms. In addition, there is an increasing demand for multi-gas detection solutions that can detect a wide range of gases at the same time.

For instance, in January 2021, TDK Corporation launched the InvenSense TCE-11101, a miniaturized ultra-low-power MEMS gas sensor platform for direct & accurate detection of CO2 in home, automotive, IoT, healthcare, and other applications. The TCE-11101 is housed in a 5 mm x 5 mm x 1 mm 28-pin LGA package and requires minimal external components to complete the design.

The integration of cloud-based platforms and predictive analytics enables proactive maintenance and optimization of gas detection systems. Finally, increasing regulatory requirements & standards for workplace safety and environmental protection are driving the adoption of gas detection technologies across various industries globally.

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

The market size of gas detector reached USD 1.85 billion in 2023 and is set to witness 5% CAGR between 2024 and 2032, led by increased focus on safety standards, alongside the growing focus on worker health.

The oil & gas segment accounted for a market share of over 20% in 2023, attributed to strict safety standards and regulations, in tandem with increasing knowledge of the possible health risks linked to exposure to toxic gases.

North America market held a significant revenue share of over 30% in 2023, owing to growing need for sophisticated detection technologies due to concerns about workplace safety and the possible risks associated with gas leaks.

ABB Ltd., Crowncon Detection Instruments Limited, Dragerwerk AG & Co. KGaA, Emerson Electric Company, General Electric, Hanwei Electronics Group Corporation, Honeywell International Inc., Industrial Scientific Corporation, International Gas Detectors Ltd., and MSA Safety Inc.