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Wireless Gas Detection Market

Wireless Gas Detection Market Forecasts to 2028 – Global Analysis By Technology (Bluetooth, Infrared Technology), Application (Military Security, Industrial Safety), End User (Power Generation, Chemicals), and By Geography

4.4 (56 reviews)
Published: July 2021 ID: SMRC20805
4.4 (56 reviews)
Published: July 2021 ID: SMRC20805

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Wireless Gas Detection Market is accounted for $1.50 billion in 2020 and is expected to reach $2.56 billion by 2028 growing at a CAGR of 6.9% during the forecast period. Some of the key factors propelling the market growth include growing adoption of wireless gas detector by chemical industry, rising concerns about worker safety coupled with increasing government initiatives to support worker safety, increasing advancements in sensor technology with various safety features demand by water treatment plant, oil and gas, etc., and wide applicability of gas detectors for industrial safety and environmental safety. However, data security and privacy issues related to wireless communication devices is likely to restraint the market.

A wireless gas detection system is a device used to detect the presence of a gas in a system. It is a part of safety system and is used to detect leakage of hazardous and explosive gases in an industry. The detector is usually connected to a control system that automatically shuts down the process in case of any leakage or situation of emergency. These systems enable real-time safety and security threat detection to help mitigate risk, and protect workers, contractors, the public, and the industry assets. Wireless gas detection offers high accuracy, flexibility, and reliability in the detection of gas leaks and prevents occurrence of any major industrial accident.

By end user, the oil & gas segment is projected to grow at the significant rate during the forecast period, due to increasing adoption of these systems in the oil & gas industry. In the oil & gas industry, gas detection is required for various applications such as confined space entry, emergency response, fence line monitoring, fracking, leak detection, plant shutdown, and worker exposure. Refining facilities involve the use of lubricating oil, wax, and fuel products such as jet fuel gasoline and diesel, all of which pose a health hazard for workers. Moreover, workers in the oil & gas industry are exposed to hazardous substances such as carbon monoxide, hydrogen sulfide, ammonia, methane, and chlorides, which are released during the process of oil extraction.

On the basis of geography, North America region is expected to have considerable market growth during the forecast period, due to the presence of key players such as Emerson Electric Co., Agilent Technologies, Inc., and Honeywell International, Inc. in the region. In the recent years, the wireless gas detection market has witnessed significant growth in oil & gas and chemicals industries in North America. This growth is attributed to the increasing need for the security and safety of workers working in environments where they are constantly exposed to toxic gases. Moreover, the growing need to prevent industrial accidents caused by undetected gas leakage, and the increasing pressure from insurance companies for ensuring safety is encouraging industries to install wireless gas monitors.

Some of the key players in Wireless Gas Detection Market include Tek Troniks Ltd, Honeywell International Inc., Drgerwerk Ag & Co. Kgaa, United Electric Controls Company, Agilent Technologies, Inc., Emerson Electric Co., Otis Instruments, Inc., Siemens AG, Sensidyne, Lp, General Electric Company, Yokogawa Electric Corporation, Airtest Technologies Inc., Ambetronics Engineers Pvt. Ltd., Pem-Tech, Inc., Crowcon Detection Instruments Ltd., and Msa Safety Incorporated.

Report Coverage

Details

Published Year:

2021

Estimated Market Size in 2020:

USD 1.50 billion

Estimated Period:

2020

Compound Annual Growth Rate (CAGR)  from 2020 to 2028:

6.9%

Predicted 2028 Value:

USD 2.56 billion

Forecast Years:

2021-2028

Tables, Graphs & Figures

336

Chapters Covered:

Product, Offering, Technology, Sales Channel, Application, End User and Region

Core Drivers and Opportunities:

  • Government support for the safety of the workers
  • Increasing use of wireless gas monitoring systems in oil and gas drilling and exploration activities
  • Rise in the number of fatal accidents

Restraining Factors & Market Threats:

  • High initial investment
  • Lack of awareness about the systems


Products Covered:
• Nitrogen Oxide
• Carbon Dioxide
• Oxygen
• Carbon Monoxide

Offerings Covered:
• Software
• Hardware
• Services

Technologies Covered:
• Cellular/Global Positioning System (GPS) Technology
• Bluetooth
• License-Free Industrial, Scientific and Medical (ISM) Band
• Wireless Fidelity (Wi-Fi)
• Infrared Technology
• Other Technologies

Sales Channels Covered:
• Distributor
• Direct Sales

Applications Covered:
• National Safety and Military Security
• Industrial Safety
• Fire & Security Panels
• Coal Mines
• Environmental Safety
• Offshore Platforms
• Process or Emission Gas Analysis
• Heat Treatment Plants
• Tank Forms/ Bullet Yards

End Users Covered:
• Utilities and Power Generation
• Water and Wastewater Treatment Plants
• Government and Military
• Chemicals and Petrochemicals
• Mining and Metals
• Manufacturing Industries
• Oil & Gas
• Pharmaceuticals
• Commercial Buildings and Public Facilities
• Food & Beverages
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK 
o Spain
o Rest of Europe      
• Asia Pacific
o Japan       
o China       
o India       
o Australia       
o New Zealand
o South Korea                
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Key Questions Answered In The Report

The Global Wireless Gas Detection Market is majorly driven by growing focus on environment safety, increased adoption of industrial IoT technology in manufacturing, and increasing awareness about the significance of workers safety.

The hardware segment is growing at a highest CAGR owing to the modernization in wireless technologies and technical advancements in the hardware sector such as miniaturization of components and fast processing speeds.

North America dominated with a significant market share due to supported government regulations, rising need to prevent industrial accidents caused by undetected gas leakage, and growing chemical and oil & gas industry.

Asia Pacific market is growing at a highest CAGR owing to rapid industrialization in the countries, growing oil & gas, military & defense, and chemical industries, and increasing adoption of these systems in the automotive sector in the region.

Key players in Wireless Gas Detection Market include Tek Troniks Ltd, Honeywell International Inc., Drgerwerk Ag & Co. Kgaa, United Electric Controls Company, Agilent Technologies, Inc., Emerson Electric Co., Otis Instruments, Inc., Siemens AG, Sensidyne, Lp, General Electric Company, Yokogawa Electric Corporation, Airtest Technologies Inc., Ambetronics Engineers Pvt. Ltd., Pem-Tech, Inc., Crowcon Detection Instruments Ltd., and Msa Safety Incorporated.

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