This equipment is used as a safety measure in case of emergency process shutdown and fire detection, which fall under the integrated monitoring and safety systems. Moreover, using gas detection equipment, one can get more time to react and take actions to stop gas leakage. The equipment finds potential application in different units such as laboratories, refineries, car parks, refrigeration plants, boiler plant rooms, plant constructions, automotive industry, and power plants.
The market is going to witness new growth avenues due to the rising investment for plant safety in manufacturing plants. Gas detection equipments are widely used in chemical industries because they help in testing the density of a gas chamber. Further, the market growth is boosted by the increasing relevance of gaseous components in wastewater treatment. It is highly important to use these equipments in harmful chemicals and gas manufacturing plants in order to prevent loss of life and property. Thus, gas detection equipments are majorly installed in the premises of these manufacturing plants.
The demand of the market is fueling due to the growing awareness of companies towards maintaining work safety for the workers. The key players of the gas detection equipment market are estimated to take advantage of the booming oil and gas sector. The utilization of gas detection equipment will increase with the rising investments of the industrial sector in cutting-edge technologies.
Product Outlook
Based on Product, the market is segmented into Fixed Gas Detector and Portable Gas Detector. The fixed gas detectors market segment emerged as the leading segment in 2019 with the highest revenue share. These systems are implemented in order to offer personnel safety and plant protection. Fixed gas detectors are developed to track multi or single hazardous gases in safe zones. The demand for these detectors is high, owing to the growing applications of these sensors in the pharmaceuticals, food, and beverage, and oil and gas industry.
