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North American Gas Detection Equipment Market, Forecasts to 2023
North American Gas Detection Equipment Market, Forecasts to 2023
Compliance of Stringent Regulations will Remain the Prerequisite Force, Driving Demand in the Market
07-May-2019
North America
$4,950.00
Special Price $3,712.50 save 25 %
Description
The North American gas detection market is mature and generated revenue of $886.0 million in 2018. Stringent regulations and shifting technological preference are driving the demand for gas detection in the market. The market is expected to reach $1,040.0 million by 2023 and is expected to grow at a CAGR of 3.3% between 2018 and 2023.
Fixed gas detectors contribute to 52% of the total North American gas detection market. In 2018, it generated $460.4 million and is poised to reach $539.9 million by 2023, growing at a CAGR of 3.2% over the next five years.
Combustible gas detectors are the preferred sensors within fixed gas detectors, and infrared (IR) detectors are expected to boost this market. Their accuracy and low maintenance cost are the key driving factors. Steady recovery of oil & gas industry, coupled with growth in shale gas exploration, will significantly increase the usage of fixed gas detectors to be deployed in the market during the forecast period.
Portable detectors are used across industries, mainly in the oil & gas and chemicals & petrochemicals industries. The outlook for these industries in North America is promising, thereby assuring greater demand of these devices in the forecast period Portable gas detectors acquired 43.7% of the total revenue generated by the gas detection market. In 2018, the segment generated revenue of $387.6 million. Portable gas detectors are poised to grow at a CAGR of 3.5% between 2018 and 2023, and it is expected to reach $460.1 million by 2023. Ease of use, compact size, and mobility are factors driving the demand for portable gas detectors in the region. Multi-gas portable gas detectors are predicted to grow strongest within the segment, primarily because of their ability to detect multiple gases with a single device.
The top 3 manufacturers acquired a market share of 57% to 62% in terms of total revenue generated in the North American market. Honeywell leads the total North American gas detection equipment market, with a market share of 24% to 26%, followed by MSA with a share of 23% to 24% and Industrial Scientific with a share of 10% to 12%. Investment in R&D to develop innovative products, coupled with strategic acquisitions, remains as key enabler to lead the market in the forecast period.
The North American gas detection market has experienced steady technological innovation. All manufacturers have to remain nimble in adapting the shifting preference of end users to maximize their share in the region.
Few Notable acquisition and mergers include Fortive acquisition of Industrial Scientific and 3M acquisition of Scott Safety in 2017, MSA acquisition of Senscient, Inc in 2016, and Honeywell acquisition of RAE Systems in 2013.
Table of Contents
Key Findings
Key Findings (continued)
Market Engineering Measurements
Market Engineering Measurements (continued)
CEO’s Perspective
Market Overview
Market Overview—Segmentation
Market Overview—Definitions
Market Overview—Sensor Technology
Market Overview—Sensor Technology (continued)
Technology Trends
Technology Trends (continued)
Standards and Regulations—Certification, Installation, and Inspection
Standards and Regulations—Regulatory Bodies
Standards and Regulations—Main Standards
Standards and Regulations—Main Standards (continued)
Standards and Regulations—Main Standards (continued)
Key Questions this Study will Answer
Market Segmentation
Distribution Channels—Fixed Gas Detection
Distribution Channels—Portable Gas Detection
Distribution Channels—Detector Tubes
Market Drivers
Drivers Explained
Drivers Explained (continued)
Drivers Explained (continued)
Market Restraints
Restraints Explained
Market Engineering Measurements
Market Engineering Measurements (continued)
Forecast Assumptions
Revenue and Unit Shipment Forecast
Unit Shipment and Revenue Forecast Discussion
Percent Revenue Forecast by Product
Revenue Forecast by Product
Revenue Forecast by Product Discussion
Percent Revenue Forecast by Country
Revenue Forecast by Country
Revenue Forecast by Country Discussion
Total Gas Detection Equipment Market—Market Share Analysis
Total Gas Detection Equipment Market—Competitive Environment
Mergers and Acquisitions
Competitive Factors and Assessment
Growth Opportunity—Renting/Leasing Detectors Will Continue to Gain Momentum in the Region
Growth Opportunity—Connectivity will Become a Key Parameter of Growth in Gas Detection Equipment
Strategic Imperatives for Success and Growth
Fixed Gas Detection Equipment Market—Overview and Introduction
Fixed Gas Detection Equipment Market—Market Engineering Measurements
Fixed Gas Detection Equipment Market—Revenue and Unit Shipment Forecast
Unit Shipment and Revenue Forecast Discussion
Fixed Gas Detection Equipment Market—Pricing Trends and Forecast
Fixed Gas Detection Equipment Market—Pricing Trends and Forecast Discussion
Fixed Gas Detection Equipment Market—Percent Revenue Forecast by Type of Gas Detected
Fixed Gas Detection Equipment Market—Revenue Forecast by Type of Gas Detected
Fixed Gas Detection Equipment Market—Revenue Forecast by Type of Gas Detected Discussion
Toxic Gas Detectors—Percent Revenue Forecast by Sensor Technology
Toxic Gas Detectors—Revenue Forecast by Sensor Technology
Toxic Gas Detectors—Revenue Forecast by Sensor Technology Discussion
Combustible Gas Detectors—Percent Revenue Forecast by Sensor Technology
Combustible Gas Detectors—Revenue Forecast by Sensor Technology
Combustible Gas Detectors—Revenue Forecast by Sensor Technology Discussion
Fixed Gas Detection Equipment Market—Percent Revenue Forecast by Country
Fixed Gas Detection Equipment Market—Percent Revenue Forecast by End User
Fixed Gas Detection Equipment Market—Revenue Forecast by End User
Fixed Gas Detection Equipment Market—Revenue Forecast by End User Discussion
Fixed Gas Detection Equipment Market—Market Share Analysis
Portable Gas Detection Equipment Market—Overview and Introduction
Portable Gas Detection Equipment Market—Market Engineering Measurements
Portable Gas Detection Equipment Market—Revenue and Unit Shipment Forecast
Portable Gas Detection Equipment Market—Unit Shipment and Revenue Forecast Discussion
Portable Gas Detection Equipment Market—Pricing Trends and Forecast
Portable Gas Detection Equipment Market—Pricing Trends and Forecast Discussion
Portable Gas Detection Equipment Market—Percent Revenue Forecast by Detector Type
Portable Gas Detection Equipment Market—Revenue Forecast by Detector Type
Portable Gas Detection Equipment Market—Revenue Forecast by Detector Type Discussion
Single-gas Detectors—Percent Revenue Forecast by Product Type
Single-gas Detectors—Revenue Forecast by Product Type
Single-gas Detectors—Revenue Forecast by Product Type Discussion
Multi-gas Detectors—Percent Revenue Forecast by Product Type
Multi-gas Detectors—Revenue Forecast by Product Type
Multi-gas Detectors—Revenue Forecast Discussion by Product Type
Portable Gas Detection Equipment Market—Percent Revenue Forecast by Country
Portable Gas Detection Equipment Market—Percent Revenue Forecast by End User
Portable Gas Detection Equipment Market—Revenue Forecast by End User
Portable Gas Detection Equipment Market—Revenue Forecast by End User Discussion
Portable Gas Detection Equipment Market—Market Share Analysis
Detector Tubes Market—Overview and Introduction
Detector Tubes Market—Market Engineering Measurements
Detector Tubes Market—Unit Shipment and Revenue Forecast
Detector Tubes Market—Unit Shipment and Revenue Forecast Discussion
Detector Tubes Market—Pricing Trends and Forecast
Detector Tubes Market—Percent Revenue Forecast by Country
Detector Tubes Market—Percent Revenue Forecast by End User
Detector Tubes Market—Revenue Forecast by End User
Detector Tubes Market—Revenue Forecast by End User Discussion
Detector Tubes Market—Market Share Analysis
The Last Word—3 Big Predictions
Legal Disclaimer
Market Engineering Methodology
List of Companies in Others
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
Related Research
Popular Topics
| No Index | No |
|---|---|
| Podcast | No |
| Author | Sandeep Soni |
| Industries | Personal Protective Equipment |
| WIP Number | K317-01-00-00-00 |
| Is Prebook | No |
| GPS Codes | 9100-A2,9946-A2,9310,9595 |