Demand for Gas Detection Equipment in North American Industries to Gain Huge Traction During Forecast Period 2021-2031

250 Pages Gas Detection Equipment Market Survey by Fact MR, A Leading Business and Competitive Intelligence Provider

The global COVID-19 pandemic has turned several industries upside down by causing disruptions in their daily operations and limiting the supply of raw materials, hampering production and growth.

The report offers actionable and valuable market insights of Gas Detection Equipment. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Gas Detection Equipment Market across various industries and regions.

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The global gas detection equipment market is estimated at USD 1.5 Billion in 2022 and is forecast to reach USD 2.6 Billion by 2032, growing with a CAGR of 5.3% from 2022 to 2032.

The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Gas Detection Equipment market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Gas Detection Equipment

This newly published and insightful report sheds light on Market Insights of Gas Detection Equipment, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Gas Detection Equipment Market.

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Key Segments Covered

• By Type :-

  • Fixed
  • Portable

• By End User :-

  • Oil & Gas
  • Mining
  • Government & Military
  • Manufacturing
  • Others

• By Region :-

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • Middle East & Africa (MEA)

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Competitive Landscape

Fact.MR has profiled the following key gas detection equipment manufacturers in its report are 3M Company, Analytical Technology Inc., Dragerwerk AG & Co. KgaA, Emerson Electric Co., Enmet LLC., ESP SAFETY INC., Fortive Corporation, Gas Measurement Instruments Limited., Gastech Australia Pty Ltd, General Electric Company, Global Detection Systems Corp., Halma plc, Honeywell International Inc., MSA Safety Incorporated, RKI Instruments, Inc., Thermo Fisher Scientific Inc., Trolex Ltd and United Technologies Corporation

Key manufacturers are constantly innovating product designs to meet the modern day challenges pertaining to components placement in the engine environment.

5 Key Takeaways from Fact.MR’s Report on Gas Detection Equipment Market for Forecast Period 2017-2026 (In Terms of Volume)

• North America is likely to prevail as the most remunerative market for gas detection equipment, closely trailed by Europe. Gas detection equipment sales in these regions are collectively poised to account for roughly half share of the market by 2026-end.
• Asia-Pacific excluding Japan (APEJ) is also expected to hold a major market share during the forecast period, with sales exhibiting the highest CAGR through 2026.
• Forecast to account for more than half share of the market during 2017 to 2026, fixed gas detection equipment will spearhead the market, on the basis of type. However, portable gas detection equipment are likely to witness the fastest expansion in the market.
• Oil & gas industry is anticipated to remain dominant end-user of gas detection equipment across the globe, with sales forecast to exceed 340 Mn units by 2026-end. The manufacturing industry, trailing oil & gas industry in terms of sales, will continue to exhibit a relatively faster expansion in the market.
• Exhibiting steady CAGRs through 2026, mining industry and government & military sector are also expected to remain major end-users of gas detection equipment.

A large number of insurance companies across the globe are providing discounts to industries purchasing protective systems. While seeking insurance savings, several house owners as well as various industries opt for gas detectors. Gas detection equipment manufacturers have therefore found the opportunity to collaborate with insurance companies for attracting a larger target audience pool. Key companies sustaining expansion of the global gas detection equipment market include Honeywell International Inc., Emerson Electric Co., RKI Instruments, Inc., 3M Company, Halma plc, MSA Safety Incorporated, Dragerwerk AG & Co. KGaA, Fortive Corporation, United Technologies Corporation, General Electric Company, Thermo Fisher Scientific Inc., Trolex Ltd., Gastech Australia Pty Ltd, ESP SAFETY INC., Enmet LLC., Gas Measurement Instruments Limited., Analytical Technology Inc., Global Detection Systems Corp., Sensidyne, LP, and Conspec Controls Inc.

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Key Question answered in the survey of Gas Detection Equipment market report:

• Sales and Demand of Gas Detection Equipment
• Growth of Gas Detection Equipment Market
• Market Analysis of Gas Detection Equipment
• Market Insights of Gas Detection Equipment
• Key Drivers Impacting the Gas Detection Equipment market
• Which are the Key drivers impacted by Gas Detection Equipment market
• Restraints Shaping Market Growth
• Market Survey of Gas Detection Equipment

More Valuable Insights on Gas Detection Equipment Market

Fact.MR, in its new report, offers an unbiased Market Analysis of Gas Detection Equipment, Sales and Demand of Gas Detection Equipment, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

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