Wireless Gas Detection Market By Component, Technology, End User And Global Forecast 2023-2032|Honeywell International Inc., Drägerwerk AG & Co. KGaA, Yokogawa India Ltd. MSA, Siemens, United Electric Control

The Wireless Gas Detection Global Market Report 2023 by The Business Research Company, provides wireless gas detection market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s Wireless Gas Detection Global Market Report 2023, the global wireless gas detection market size is expected to grow from $1.98 billion in 2022 to $2.14 billion in 2023 at a compound annual growth rate (CAGR) of 8.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global wireless gas detection market size is expected to reach $2.83 billion in 2027 at a CAGR of 7.3%.

The increasing demand for wireless gas detectors by the chemical industry is expected to boost the growth of the wireless gas detection market going forward. Wireless gas detection is a system or device that is designed for continuous monitoring of toxic and combustible gases in the air. Wireless gas detectors are used in the chemical industry to provide an early warning of the presence of toxic gas for enhanced worker safety.

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The wireless gas detection market is segmented:

1) By Type: Hardware, Software, Services

2) By Technology: Wi-Fi, Bluetooth, Cellular, License-Free ISM Band, Other Technologies

3) By End User: Oil And Gas, Chemical And Petrochemicals, Mining And Metals, Discrete Manufacturing Industry, Commercial Buildings And Public Facilities, Other End Users

Product innovation is a key trend gaining popularity in the wireless gas detection market. Major companies operating in the wireless gas detection market are focused on developing innovative products to strengthen their position in the market. In September 2022, Blackline Safety Corp, a Canada-based company that provides wireless worker safety monitoring products, launched innovative connected single-gas detection. The single-gas detection is an intelligent solution that makes use of the most recent cellular Internet of Things (IoT) connectivity. It offers enhanced benefits such as longer battery life, cheaper cost of ownership and fewer false alarms. More significantly, it enables safety experts to access the reliable information they require to more effectively and efficiently manage their safety policies, processes and continuing compliance.

The wireless gas detection market report table of contents includes: