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Gas Analyzer, Sensor And Detector Market - Forecast(2023 - 2028)
Gas Analyzer, Sensor And Detector Market Overview
The market for Gas Analyzer, Sensor
and Detector is forecast to reach $8.9 billion by 2026, growing at a CAGR of 4.1%
from 2021 to 2026. The Gas Analyzer, Sensor And Detector Market is estimated to
witness sustainable growth over the forecast period majorly because Gas
Analyzer, Sensor and Detector plays a major role in giving security, safety and
various applications in Industries and other workplaces. Gas Analyzer, Sensor
and Detector have their own respective features and provides various utilities.
Gas sensors are generally providing a measurement of the concentration of various
gases such as CO, CO2, NOx, SO2 and Others by different sensors such as
Combustible Gas Sensors, Infrared Point Sensors, Electrochemical Gas
Sensors, Metal Oxide Semiconductor, Photo Ionization Detection, Paramagnetic
and Others. Gas detectors are commonly included as part of a health and
safety system within the workplace, with portable instruments designed for
protecting all workplaces when working in potentially hazardous areas. These
vast features at various End-Use industries such as water treatment, food and
beverage etc. drives its market growth in global market. On the other hand,
high installation and maintenance cost are the major challenges affecting its
market growth.
Gas Analyzer, Sensor And Detector Market Report Coverage
The
report: “Gas Analyzer, Sensor And Detector Market– Forecast (2021-2026)”, by IndustryARC covers an in-depth
analysis of the following segments of the Gas Analyzer, Sensor And Detector Market.
By Analyzer Type – Non-dispersive infrared differential Gas Analyser (NDIR),
Residual Gas Analyser, Infrared Gas Analyser, Oxygen Gas Analyzer and
Others.
By Sensor Type– Combustible Gas Sensors, Infrared Point Sensors,
Ultrasonic Sensors, Electrochemical Gas Sensors, Metal-oxide-semiconductor Sensors(MOS sensors)
and Others.
By Detector Type – Photoionization Detectors, Laser Detectors and
Others.
By Structure – Fixed and Portable Gas Analyzer, Sensor and
Detector.
By Technology– Wired and Wireless Gas
Analyzer, Sensor and Detector.
By End-Use Industry – Oil & Gas Industries, Residential,
Healthcare, Water treatment, Food & Beverages and Others.
By Geography - North America (U.S, Canada, Mexico), South
America(Brazil, Argentina and others), Europe (Germany, UK, France, Italy,
Spain, Russia and Others), APAC(China, Japan India, SK, Aus and Others), and
RoW (Middle east and Africa).
Key Takeaways
- The Gas Analyzer, Sensor And Detector Market is
estimated to witness a sustainable growth over the forecast period majorly
role in giving security, safety and various applications in Industries and
other workplaces.
- Due to increasing extraction and shipping of resources
in various Oil and Gas Industries, the scope of different Gas Analyzers,
Sensors and Detectors has increased rapidly which boost its market growth.
- Ongoing Industrialization and Urbanization in major
economies such as USA, Canada, China, India and others, the presence of
harmful gases in atmosphere and increased rapidly which uplifts the demand
of Gas Analyzers, Sensors and Detectors in global market.
- With the rise in Governmental regulations and Environmental concerns against the rising air pollution intensity with hazardous gases in atmosphere, installation of Gas Analyzers, Sensors and Detectors in all workplaces and near hospitals and Other public places tends to drive the market growth.
Gas Analyzer, Sensor And Detector Market, By Structure, 2020
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Gas Analyzer, Sensor And Detector Market Segment
Analysis - By Structure
Portable Gas Analyzers, Sensors and Detectors has dominated the Gas Analyzer, Sensor And Detector Market at 70% share in 2020 as compared to the Fixed Gas Analyzers, Sensors and Detectors. The demand for Portable Gas Analyzers, Sensors and Detectors is growing because in various Power plant and Oil & Gas Industries, the pipelines contain many hazardous elements that can cause short and long-term health problems if workers are exposed to them improperly. With Portable Gas Sensors and Detectors, one can examine any leaks and presence of any hazardous gas which can affect environment and industries and can be resolved quickly. Mainly Portable Gas Analyzers, Sensors and Detectors operate through a wireless system, which allows them to check for gases remotely providing inspection of level of gases in certain areas from a safe distance. These vast features tend to drive the market of Portable Gas Analyzers, Sensors and Detectors in global market.
Gas Analyzer, Sensor And Detector Market Segment
Analysis - By End-Use Industry
Oil & Gas Industries hold the largest market in Gas Analyzer, Sensor And Detector Market at 22.4% share in 2020. The various Inspection methods which it offers to the Oil & Gas Industries as they mainly constitute in operation of many gases from extraction to production by transferring through pipelines. Thus, the requirement of Gas Analyzers, Sensors and Detectors increases rapidly. With the advancement in technologies, the adoption of Portable Gas Analyzers, Sensors and Detectors which offers wireless examination of various levels of gases operating in the system. This helps them to check for gases remotely providing inspection of various hazardous gases certain areas from a safe distance. These vast features tend to drive the market of Gas Analyzers, Sensors and Detectors in Oil & Gas Industries.
Gas Analyzer, Sensor And Detector Market Segment
Analysis - By Geography
Asia-Pacific has been accounted for being the highest market at 37.5% share in 2020 among all the regions by geography. The market growth in this region is predominantly rising due fast-growing economies such as China, India, Japan and Others. Increasing rate of Urbanization and Industrialization with high population densities in these economies tends to uplift the Gas Analyzer, Sensor And Detector Market in these regions. Due to large number of Oil & Gas Industries, Power plants, Healthcare and high air pollution intensity in atmosphere of these regions, the installation Gas Analyzers, Sensors and Detectors tends to boost the market growth. On the other hand, APAC is closely followed by North America due to the rapid growth of Industries and rise in Environmental concerns due to air pollution tends to uplift the market growth of Gas Analyzer, Sensor and Detector.
Gas Analyzer, Sensor And Detector Market Drivers
Rise in Industrialization and Urbanization drives market growth
Fast growing economies in Asia-Pacific and North America are contributing exponentially in Gas Analyzer, Sensor And Detector Market. Due to rise in Urbanization and Industrialization, the demand for Gas Analyzers, Sensors and Detectors in various Oil & Gas industries, Healthcare, Power plants has increased rapidly. This has promoted the developments in manufacturing of Gas Analyzers, Sensors and Detectors from fixed systems to portable systems among which the adoption of Wireless Gas Analyzers, Sensors and Detectors has brought a major uplift in its market growth. To maintain safety and security in the workplace of these industries, the adoption of Gas Analyzers, Sensors and Detectors has brought a major boost in the market growth.
Rise in Governmental Regulations and Environmental Concerns
With the rise in Governmental Regulations of maintaining a pollution-free city in various regions has brought a huge demand of Gas Analyzers, Sensors and Detectors in global market. Gas sensors helps in examining the various hazardous gases in the atmosphere and provides the measurement of the concentration of various gases such as CO, CO2, NOx, SO2 and Others in major workplaces and Industries and Other public places. This tends to drive the demand of Gas Analyzer, Sensor And Detector Market globally. Moreover, with the rise in Environmental Concerns to reduce the emission of harmful gases especially in Industrial regions to secure nearby Ecosystem. Gas detectors are commonly installed in industrial regions as part of a health and safety system within the workplace as well nearby ecosystem are the key factors boosting the growth of the Gas Analyzer, Sensor And Detector Market globally.
Gas Analyzer, Sensor And Detector Market Challenges
High Installation and Maintenance Cost
One of the major challenges faced by Gas Analyzer, Sensor And Detector Market globally is the High Installation and
Maintenance Cost. With the advancement in technologies has brought the
manufacturing of Portable Wireless Gas
Analyzers, Sensors and Detectors which provides examining the air purity and
inspecting various hazardous gases in the atmosphere as well as in Industries
where workers cannot have physical access thus providing examining from a safe
distance. But, these systems require high installation cost which restraints
end users from purchasing these systems. Moreover, it requires high maintenance
cost as the components used in manufacturing of these Gas Analyzers, Sensors
and Detectors are of specific types of unique technology. These are the major
challenges which restraint the Gas Analyzer, Sensor And Detector Market growth
globally.
Gas Analyzer, Sensor And Detector Market Landscape
Product launches, acquisitions, and R&D activities are key strategies adopted by players in the Gas Analyzer, Sensor And Detector Market. The Gas Analyzer, Sensor And Detector Market is dominated by major companies such as Dragerwerk Ag & Co.KGAA, AMETEK, Honeywell International Inc., ABB Ltd., General Electric Co., Emerson Electric Co., Figaro Engineering Inc., Ametek Inc., Siemens AG, Trolex Ltd., Enerac Inc. and California Analytical Instruments Inc.
Acquisitions/Technology Launches/Partnerships
- In October 2020, ABB launched Microguard Solution which detects dangerous gas leaks as it uses laser based technology. Through this the surveyors can quickly find the leaks on foot.
- In May 2020 General Electric Corporation, launched Grain-size Gas Sensor, an extraordinary new gas sensor design that achieves a level of performance previously thought unfeasible with conventional gas sensors. With Bloodhound-like Sensing Capabilities ideal for Wearable or Drone-based Formats in Industrial Safety.
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