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Western European Gas Detection Equipment Growth Opportunities
Western European Gas Detection Equipment Growth Opportunities
Innovative Business Models of Platform/Product as a Service (PaaS) and Rental Platforms to Enable Manufacturers' Direct Tie-ups with End-customers and Enhance Product Penetration
RELEASE DATE
02-Mar-2022
02-Mar-2022
REGION
Europe
Europe
Research Code: MG5F-01-00-00-00
SKU: PP00216-EU-MT_26327
$4,950.00
In stock
SKU
PP00216-EU-MT_26327
Description
The Western European gas detection equipment market generated revenue of €668.1 million in 2021. The market demand is expected to be driven by the increasing competitive intensity, adoption of wireless and connected technologies, and stringent regulatory norms.
Amongst the 3 product segments, the fixed gas detection segment accounted for 46.0% revenue share in 2021. The portable gas detection segment accounted for 49.7% of the revenue share in 2021 and is expected to have a slightly higher compound annual growth rate (CAGR) of 3.3% from 2021 to 2026, driven by the adoption of connected cloud-based solutions.
Among the end-user industries, oil & gas, chemicals & petrochemicals, and water & wastewater treatment are the 3 major ones accounting for 24.8%, 24.6%, and 12.7% revenue share, respectively, in 2021. The chemicals & petrochemicals, and food & beverage industries will witness the highest growth during the forecast period due to the high demand for detecting hazardous gases, such as ammonia, carbon dioxide, and carbon monoxide.
Germany accounted for 23.7% revenue share in the Western European gas detection equipment market in 2021. The country is expected to witness a CAGR of 3.2% from 2021 to 2026. Post-pandemic growth is likely to be driven by the high adoption of gas detection in small and mid-scale enterprises.
Adoption of Platform/Product as a Service (PaaS) and rental platforms will enable manufacturers’ direct tie-ups with end customers to enhance product penetration during the forecast period. The high incidence of injuries due to multiple gas hazards in the industrial environment is expected to boost the growth of multi-gas detection equipment market.
Author: Anjan Kumar Roy
Table of Contents
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top Three Strategic Imperatives on Gas Detection Equipment
Growth Opportunities Fuel the Growth Pipeline Engine™
Key Findings
Scope of Analysis
Market Segmentation
Market Segmentation (continued)
Market Definitions
Market Overview
Market Overview—End-user Industry
Market Overview—End-user Industry (continued)
Market Overview—Sensor Technology
Market Overview—Sensor Technology (continued)
Key Competitors for Gas Detection Equipment
Company Product Matrix
Company Product Matrix (continued)
Company Product Matrix (continued)
Key Growth Metrics for Gas Detection Equipment
Distribution Channels for Fixed Gas Detection
Distribution Channels for Portable Gas Detection
Distribution Channels for Detector Tubes
Growth Drivers for Gas Detection Equipment
Growth Restraints for Gas Detection Equipment
Forecast Assumptions—Gas Detection Equipment
Technology Trends—Gas Detection Equipment
Technology Trends—Gas Detection Equipment (continued)
Technology Trends—Gas Detection Equipment (continued)
Technology Trends—Gas Detection Equipment (continued)
Technology Trends—Gas Detection Equipment (continued)
Technology Trends—Gas Detection Equipment (continued)
Standards and Regulations—Certification, Installation, and Inspection
Regulatory Compliance Overview
Regulatory Compliance Overview (continued)
Regulatory Compliance Overview (continued)
Regulatory Compliance Overview (continued)
Merger & Acquisition—Gas Detection Equipment
Notable Manufacturer Transactions—Gas Detection Equipment
Notable Manufacturer Transactions—Gas Detection Equipment (continued)
Competitive Factors Assessment—Gas Detection Equipment
Revenue Forecast—Gas Detection Equipment
Revenue Forecast Analysis—Gas Detection Equipment
Revenue Forecast by Product—Gas Detection Equipment
Unit Shipment Forecast by Product—Gas Detection Equipment
Percent Revenue Forecast by Product—Gas Detection Equipment
Percent Unit Shipment Forecast by Product—Gas Detection Equipment
Revenue and Unit Shipment Forecast Analysis by Product—Gas Detection Equipment
Revenue Forecast by Industry Vertical—Gas Detection Equipment
Percent Revenue Forecast by Industry Vertical—Gas Detection Equipment
Revenue Forecast Analysis by Industry Vertical—Gas Detection Equipment
Revenue Forecast by Country—Gas Detection Equipment
Percent Revenue Forecast by Country—Gas Detection Equipment
Revenue Forecast Analysis by Country—Gas Detection Equipment
Revenue Forecast Analysis by Country—Gas Detection Equipment (continued)
Revenue Forecast Analysis by Country—Gas Detection Equipment (continued)
Revenue Forecast Analysis by Country—Gas Detection Equipment (continued)
Revenue Forecast Analysis by Country—Gas Detection Equipment (continued)
Revenue Forecast Analysis by Country—Gas Detection Equipment (continued)
Revenue Forecast Analysis by Country—Gas Detection Equipment (continued)
Revenue Forecast Analysis by Country—Gas Detection Equipment (continued)
Competitive Environment—Gas Detection Equipment
Revenue Share—Gas Detection Equipment
Revenue Share Analysis—Gas Detection Equipment
Key Growth Metrics for Fixed Gas Detection
Revenue and Unit Shipment Forecast—Fixed Gas Detection
Revenue and Unit Shipment Forecast Analysis—Fixed Gas Detection
Average Price Forecast—Fixed Gas Detection
Pricing Trend Analysis—Fixed Gas Detection
Revenue Forecast by Product Sub-type—Fixed Gas Detection
Percent Revenue Forecast by Product Sub-type—Fixed Gas Detection
Revenue Forecast Analysis by Product Sub-type—Fixed Gas Detection
Revenue Forecast by Sensor Technology—Toxic Fixed Gas Detection
Percent Revenue Forecast by Sensor Technology—Toxic Fixed Gas Detection
Revenue Forecast Analysis by Sensor Technology—Toxic Fixed Gas Detection
Revenue Forecast by Sensor Technology—Combustible Fixed Gas Detection
Percent Revenue Forecast by Sensor Technology—Combustible Fixed Gas Detection
Revenue Forecast Analysis by Sensor Technology—Fixed Gas Detection
Revenue Forecast by Country—Fixed Gas Detection
Percent Revenue Forecast by Country—Fixed Gas Detection
Revenue Forecast Analysis by Country—Fixed Gas Detection
Revenue Forecast by Industry Vertical—Fixed Gas Detection
Percent Revenue Forecast by Industry Vertical—Fixed Gas Detection
Revenue Forecast Analysis by Industry Vertical—Fixed Gas Detection
Competitive Environment—Fixed Gas Detection
Revenue Share—Fixed Gas Detection
Revenue Share Analysis—Fixed Gas Detection
Key Growth Metrics for Portable Gas Detection
Revenue and Unit Shipment Forecast—Portable Gas Detection
Revenue and Unit Shipment Forecast Analysis—Portable Gas Detection
Average Price Forecast—Portable Gas Detection
Pricing Trend Analysis—Portable Gas Detection
Revenue Forecast by Product Sub-type—Portable Gas Detection
Percent Revenue Forecast by Product Sub-type—Portable Gas Detection
Revenue Forecast Analysis by Product Sub-type—Portable Gas Detection
Revenue Forecast by Technology—Portable Single Gas Detection
Percent Revenue Forecast by Technology—Portable Single Gas Detection
Revenue Forecast Analysis by Technology—Portable Single Gas Detection
Revenue Forecast by Technology—Portable Multi-Gas Detection
Percent Revenue Forecast by Technology—Portable Multi-Gas Detection
Revenue Forecast Analysis by Technology—Portable Multi-Gas Detection
Revenue Forecast by Country—Portable Gas Detection
Percent Revenue Forecast by Country—Portable Gas Detection
Revenue Forecast Analysis by Country—Portable Gas Detection
Revenue Forecast by Industry Vertical—Portable Gas Detection
Percent Revenue Forecast by Industry Vertical—Portable Gas Detection
Revenue Forecast Analysis by Industry Vertical—Portable Gas Detection
Competitive Environment—Portable Gas Detection
Revenue Share—Portable Gas Detection
Revenue Share Analysis—Portable Gas Detection
Key Growth Metrics for Detector Tubes
Revenue and Unit Shipment Forecast—Detector Tubes
Revenue and Unit Shipment Forecast Analysis—Detector Tubes
Average Price Forecast—Detector Tubes
Pricing Trend Analysis—Detector Tubes
Revenue Forecast by Country—Detector Tubes
Percent Revenue Forecast by Country—Detector Tubes
Revenue Forecast Analysis by Country—Detector Tubes
Revenue Forecast by Industry Vertical—Detector Tubes
Percent Revenue Forecast by Industry Vertical—Detector Tubes
Revenue Forecast Analysis by Industry Vertical—Detector Tubes
Competitive Environment—Detector Tubes
Revenue Share—Detector Tubes
Revenue Share Analysis—Detector Tubes
Growth Opportunity 1: Multi-sensors, Wireless, and Enhanced Gas Detection Technology to Drive Gas Detection Growth
Growth Opportunity 1: Multi-sensors, Wireless, and Enhanced Gas Detection Technology to Drive Gas Detection Growth (continued)
Growth Opportunity 2: Rental and Product as a Service (PaaS) Platform to Boost Long-term End-user Engagement Solution
Growth Opportunity 2: Rental and Product as a Service (PaaS) Platform to Boost Long-term End-user Engagement Solution (continued)
Growth Opportunity 3: Targeted Mergers and Acquisitions to Consolidate the Gas Detection Equipment Market
Growth Opportunity 3: Targeted Mergers and Acquisitions to Consolidate the Gas Detection Equipment Market (continued)
Appendix
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)
List of Exhibits (continued)
List of Exhibits (continued)
Legal Disclaimer
Popular Topics
The Western European gas detection equipment market generated revenue of €668.1 million in 2021. The market demand is expected to be driven by the increasing competitive intensity, adoption of wireless and connected technologies, and stringent regulatory norms.
Amongst the 3 product segments, the fixed gas detection segment accounted for 46.0% revenue share in 2021. The portable gas detection segment accounted for 49.7% of the revenue share in 2021 and is expected to have a slightly higher compound annual growth rate (CAGR) of 3.3% from 2021 to 2026, driven by the adoption of connected cloud-based solutions.
Among the end-user industries, oil & gas, chemicals & petrochemicals, and water & wastewater treatment are the 3 major ones accounting for 24.8%, 24.6%, and 12.7% revenue share, respectively, in 2021. The chemicals & petrochemicals, and food & beverage industries will witness the highest growth during the forecast period due to the high demand for detecting hazardous gases, such as ammonia, carbon dioxide, and carbon monoxide.
Germany accounted for 23.7% revenue share in the Western European gas detection equipment market in 2021. The country is expected to witness a CAGR of 3.2% from 2021 to 2026. Post-pandemic growth is likely to be driven by the high adoption of gas detection in small and mid-scale enterprises.
Adoption of Platform/Product as a Service (PaaS) and rental platforms will enable manufacturers’ direct tie-ups with end customers to enhance product penetration during the forecast period. The high incidence of injuries due to multiple gas hazards in the industrial environment is expected to boost the growth of multi-gas detection equipment market.
Author: Anjan Kumar Roy
| No Index | No |
|---|---|
| Podcast | No |
| Author | Anjan Kumar Roy |
| Industries | Personal Protective Equipment |
| WIP Number | MG5F-01-00-00-00 |
| Keyword 1 | gas detection equipment |
| Keyword 2 | Growth of Multi-Gas Detection Equipment Market |
| Keyword 3 | gas detection equipment market |
| Is Prebook | No |
| GPS Codes | 9100-A2,9310,9595 |