North American Gas Detection Equipment Growth Opportunities

North American Gas Detection Equipment Growth Opportunities

Stringent Safety Regulations and Connected Technologies with Data Monitoring, Cloud Computing, and Data Analytics Features to Enhance Product Penetration and Transformational Growth

RELEASE DATE
08-Feb-2022
REGION
North America
Research Code: K6C0-01-00-00-00
SKU: PP00213-NA-MT_26243
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Description

The North American gas detection equipment market generated $888.8 million in revenue in 2021. Stringent regulatory enforcement and increasing safety awareness to reduce on-the-job injuries propel the market demand. This Frost & Sullivan research service assesses the current status and prospects of the North American gas detection equipment market, taking into account the COVID-19 pandemic impact. The study analyzes revenues from gas detection sales at the manufacturer level in the United States and Canada between 2018 and 2026, providing an in-depth look into three product segments: fixed gas detection equipment, portable gas detection equipment, and detector tubes.

The fixed gas detection equipment segment accounted for 51.8% of revenue share in 2021, followed by the portable gas detection equipment segment at 44.2%. With connected, cloud-based solutions growing in popularity, portable gas detectors are forecast to register a slightly higher compound annual growth rate from 2021 to 2026. Detector tubes are projected to have the slowest growth among the three product segments, but their cost-effectiveness will sustain their market positioning. The United States is the dominant revenue contributor in the North American market. Increasing gas detection equipment adoption in small and mid-scale enterprises will support the country’s post-pandemic market growth.

Oil and gas, chemicals and petrochemicals, and utilities are the top three end-user industries for the North American gas detection equipment market. The food and beverage industry, another key end user, is estimated to witness the highest growth during the forecast period because of the high demand for equipment detecting hazardous gases, such as ammonia, carbon dioxide, and carbon monoxide.

Portable multi-gas detection equipment with data monitoring, cloud connectivity, and data analytics features will likely experience higher market acceptance in the coming years. The high injury incidence rate from multiple gas hazards in the industrial environment is expected to boost the adoption of multi-gas detection equipment.

Author: Anjan Kumar Roy

RESEARCH: INFOGRAPHIC

This infographic presents a brief overview of the research, and highlights the key topics discussed in it.
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Table of Contents

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top Three Strategic Imperatives on the North American Gas Detection Equipment Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Key Findings

Scope of Analysis

Segmentation

Segmentation (continued)

Market Definitions

Key Competitors

Company Product Matrix

Company Product Matrix (continued)

Company Product Matrix (continued)

Key Growth Metrics

Distribution Channels—Fixed Gas Detection Equipment

Distribution Channels—Portable Gas Detection Equipment

Distribution Channels—Detector Tubes

Growth Drivers

Growth Restraints

Forecast Assumptions

Market Overview—End-User Industry

Market Overview—End-User Industry (continued)

Market Overview—Sensor Technology

Market Overview—Sensor Technology (continued)

Technology Trends

Standards and Regulations—Certification, Installation, and Inspection

Regulatory Compliance Overview

Regulatory Compliance Overview (continued)

Regulatory Compliance Overview (continued)

Mergers and Acquisitions

Notable Manufacturer Transactions

Notable Manufacturer Transactions (continued)

Competitive Factors Assessment

Revenue Forecast

Revenue Forecast Analysis

Revenue Forecast by Product

Unit Shipment Forecast by Product

Percent Revenue Forecast by Product

Revenue Forecast Analysis by Product

Revenue Forecast by End-User Industry

Percent Revenue Forecast by End-User Industry

Revenue Forecast Analysis by End-User Industry

Revenue Forecast by Country

Revenue Forecast Analysis by Country

Competitive Environment

Revenue Share

Revenue Share Analysis

Key Growth Metrics

Unit Shipment and Revenue Forecast

Unit Shipment and Revenue Forecast Analysis

Average Price Forecast

Revenue Forecast by Product

Percent Revenue Forecast by Product

Revenue Forecast Analysis by Product

Revenue Forecast by Sensor Technology, Fixed Toxic Gas Detection Equipment

Percent Revenue Forecast by Sensor Technology, Fixed Toxic Gas Detection Equipment

Revenue Forecast Analysis by Sensor Technology, Fixed Toxic Gas Detection Equipment

Revenue Forecast by Sensor Technology, Fixed Combustible Gas Detection Equipment

Percent Revenue Forecast by Sensor Technology, Fixed Combustible Gas Detection Equipment

Revenue Forecast Analysis by Sensor Technology, Fixed Combustible Gas Detection Equipment

Revenue Forecast by End-User Industry

Percent Revenue Forecast by End-User Industry

Revenue Forecast Analysis by End-User Industry

Revenue Forecast by Country

Percent Revenue Forecast by Country

Revenue Forecast Analysis by Country

Competitive Environment

Revenue Share

Revenue Share Analysis

Key Growth Metrics

Unit Shipment and Revenue Forecast

Average Price Forecast

Unit Shipment and Revenue Forecast Analysis

Revenue Forecast by Product

Percent Revenue Forecast by Product

Revenue Forecast Analysis by Product

Revenue Forecast by Technology, Portable Single-Gas Detection Equipment

Percent Revenue Forecast by Technology, Portable Single-Gas Detection Equipment

Revenue Forecast Analysis by Technology, Portable Single-Gas Detection Equipment

Revenue Forecast by Technology, Portable Multi-Gas Detection Equipment

Percent Revenue Forecast by Technology, Portable Multi-Gas Detection Equipment

Revenue Forecast Analysis by Technology, Portable Multi-Gas Detection Equipment

Revenue Forecast by End-User Industry

Percent Revenue Forecast by End-User Industry

Revenue Forecast Analysis by End-User Industry

Revenue Forecast by Country

Percent Revenue Forecast by Country

Revenue Forecast Analysis by Country

Competitive Environment

Revenue Share

Revenue Share Analysis

Key Growth Metrics

Unit Shipment and Revenue Forecast

Average Price Forecast

Unit Shipment and Revenue Forecast Analysis

Revenue Forecast by End-User Industry

Percent Revenue Forecast by End-User Industry

Revenue Forecast Analysis by End-User Industry

Revenue Forecast by Country

Percent Revenue Forecast by Country

Revenue Forecast Analysis by Country

Competitive Environment

Revenue Share

Revenue Share Analysis

Growth Opportunity 1—Targeted Mergers and Acquisitions to Boost Expertise, Revenue Share, and Market Positioning

Growth Opportunity 1—Targeted Mergers and Acquisitions to Boost Expertise, Revenue Share, and Market Positioning (continued)

Growth Opportunity 2—Smart Sensors and Communication Technologies to Enhance Adoption of Gas Detectors

Growth Opportunity 2—Smart Sensors and Communication Technologies to Enhance Adoption of Gas Detectors (continued)

Growth Opportunity 3—PaaS Platform to Strengthen Long-Term End-User Engagement

Growth Opportunity 3—PaaS Platform to Strengthen Long-Term End-User Engagement (continued)

Appendix—Other Companies

Your Next Steps

Why Frost, Why Now?

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

Legal Disclaimer

The North American gas detection equipment market generated $888.8 million in revenue in 2021. Stringent regulatory enforcement and increasing safety awareness to reduce on-the-job injuries propel the market demand. This Frost & Sullivan research service assesses the current status and prospects of the North American gas detection equipment market, taking into account the COVID-19 pandemic impact. The study analyzes revenues from gas detection sales at the manufacturer level in the United States and Canada between 2018 and 2026, providing an in-depth look into three product segments: fixed gas detection equipment, portable gas detection equipment, and detector tubes. The fixed gas detection equipment segment accounted for 51.8% of revenue share in 2021, followed by the portable gas detection equipment segment at 44.2%. With connected, cloud-based solutions growing in popularity, portable gas detectors are forecast to register a slightly higher compound annual growth rate from 2021 to 2026. Detector tubes are projected to have the slowest growth among the three product segments, but their cost-effectiveness will sustain their market positioning. The United States is the dominant revenue contributor in the North American market. Increasing gas detection equipment adoption in small and mid-scale enterprises will support the country’s post-pandemic market growth. Oil and gas, chemicals and petrochemicals, and utilities are the top three end-user industries for the North American gas detection equipment market. The food and beverage industry, another key end user, is estimated to witness the highest growth during the forecast period because of the high demand for equipment detecting hazardous gases, such as ammonia, carbon dioxide, and carbon monoxide. Portable multi-gas detection equipment with data monitoring, cloud connectivity, and data analytics features will likely experience higher market acceptance in the coming years. The high injury incidence rate from multiple gas hazards in the industrial environment is expected to boost the adoption of multi-gas detection equipment. Author: Anjan Kumar Roy
More Information
No Index No
Podcast No
Author Anjan Kumar Roy
Industries Personal Protective Equipment
WIP Number K6C0-01-00-00-00
Keyword 1 leak detection equipment
Keyword 2 gas detection equipment
Keyword 3 gas detection system
Is Prebook No
GPS Codes 9100-A2,9946-A2,9310,9595