Overview and Scope
Wireless gas detection is a system or device that is designed for continuous monitoring of toxic and combustible gases in the air. Wireless solutions combine battery-powered sensors with integrated radiofrequency (RF) technology running on license-free frequency bands to deliver proven long-term results, even in the harshest environments.
Sizing and Forecast
The wireless gas detection market size has grown strongly in recent years. It will grow from $2.13 billion in 2023 to $2.3 billion in 2024 at a compound annual growth rate (CAGR) of 8.0%. The growth in the historic period can be attributed to industrial safety regulations, workplace safety concerns, oil and gas industry growth, chemical industry compliance, mining sector safety.
The wireless gas detection market size is expected to see strong growth in the next few years. It will grow to $3.1 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to increasing industrial automation, rising adoption in emerging markets, demand from healthcare facilities, renewable energy sector, integration with IoT platforms. Major trends in the forecast period include wireless mesh networks for scalability, mobile applications for remote monitoring, enhanced human-machine interface (HMI), collaboration with cloud service providers, focus on intrinsically safe design.
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Segmentation & Regional Insights
The wireless gas detection market covered in this report 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
North America was the largest region in the wireless gas detection market in 2023. The regions covered in the wireless gas detection market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
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. For instance, in June 2022, according to Chemical Industry Situation and Outlook, a report from the American Chemistry Council (ACC), a US-based industry trade association for American chemical companies, with growth in all chemistries, the United States’ chemical output is anticipated to have its greatest year in more than a decade in 2022. Following a 1.6% increase in 2021, ACC anticipates output to increase by 2.4% in 2023. Strong demand and restocking drive a 6.2% increase in specialty chemical production in 2022. In 2022, capital expenditures increase by 12.3% to $34.5 billion and by 5.5% to $36.4 billion in 2023. Therefore, the increasing demand for wireless gas detectors by the chemical industry is driving the growth of the wireless gas detection market.
Key Industry Players
Major companies operating in the wireless gas detection market report are Siemens AG, Honeywell International Inc., 3M Company, AMETEK Inc., Sensit Technologies, AirTest Technologies Inc., MSA Safety Incorporated, Sensirion AG Industrial Scientific Corporation, Beijing SDL Technology Co Ltd., Crowcon Detection Instruments Ltd., Comstack Ltd., RKI Instruments Inc., United Electric Control Co, California Analytical Instruments Inc., Aeris Environmental Ltd., Drägerwerk AG & Co KGaA, Yokogawa India Ltd., Detector Electronics Corporation, RAE Systems Inc., Pem-Tech Inc., Tek Troniks Ltd., Ambetronics Engineers Pvt Ltd., Global Detection Systems Corp, Otis Instruments Inc., Teledyne Gas and Flame Detection, New Cosmos Electric Co Ltd., Trolex, International Gas Detectors, GfE Gesellschaft für elektronische Messgeräte GmbH
The wireless gas detection market report table of contents includes:
1. Executive Summary
2. Wireless Gas Detection Market Characteristics
3. Wireless Gas Detection Market Trends And Strategies
4. Wireless Gas Detection Market – Macro Economic Scenario
5. Global Wireless Gas Detection Market Size and Growth
…
32. Global Wireless Gas Detection Market Competitive Benchmarking
33. Global Wireless Gas Detection Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Wireless Gas Detection Market
35.Wireless Gas Detection Market Future Outlook and Potential Analysis
36. Appendix
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