Wireless Gas Detection Global Market Report 2024

Wireless gas detection systems or devices continuously monitor toxic and combustible gases in the air. These solutions use battery-powered sensors with integrated RF technology for long-term monitoring, even in harsh environments.

Wireless gas detection systems typically consist of hardware, software, and services. The hardware component includes external and internal devices and equipment used for gas identification and concentration measurement. These devices are connected using technologies such as Wi-Fi, Bluetooth, cellular, license-free ISM band, and others. Wireless gas detection systems find applications in industries such as oil & gas, chemical and petrochemicals, mining and metals, discrete manufacturing, commercial buildings, public facilities, and other end-user sectors.

The wireless gas detection market research report is one of a series of new reports from The Business Research Company that provides wireless gas detection market statistics, including the wireless gas detection industry global market size, regional shares, competitors with a wireless gas detection market share, detailed wireless gas detection market segments, market trends and opportunities and any further data you may need to thrive in the wireless gas detection industry. This wireless gas detection market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

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, heightened concerns about workplace safety, growth in the oil and gas industry, compliance requirements in the chemical industry, and an increased focus on safety in the mining sector.

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 projected growth in the forecast period is driven by increasing industrial automation, a growing adoption in emerging markets, demand from healthcare facilities, the renewable energy sector, and the integration with IoT platforms. Major trends expected in this period include the use of wireless mesh networks for scalability, the development of mobile applications for remote monitoring, advancements in human-machine interface (HMI) technology, increased collaboration with cloud service providers, and a focus on intrinsically safe design for industrial equipment.

The chemical industry's rising need for wireless gas detectors is poised to significantly propel the growth of the wireless gas detection market moving forward. Wireless gas detection systems or devices are specifically engineered for continuous monitoring of hazardous and flammable gases present in the atmosphere. Within the chemical industry, these detectors play a crucial role in providing early warnings about the presence of toxic gases, thereby enhancing overall worker safety. For example, as outlined in the American Chemistry Council's (ACC) report titled Chemical Industry Situation and Outlook in June 2022, the chemical output in the United States is expected to witness its most substantial growth in over a decade. Following a 1.6% increase in 2021, the ACC anticipates a further 2.4% rise in output by 2023. Notably, robust demand and restocking activities drive a notable 6.2% upsurge in specialty chemical production in 2022. Additionally, capital expenditures are projected to soar by 12.3% to $34.5 billion in 2022 and by 5.5% to $36.4 billion in 2023. Hence, the escalating demand for wireless gas detectors within the chemical industry stands as a pivotal factor propelling the growth of the wireless gas detection market.

The expansion of the energy sector is anticipated to propel the advancement of the wireless gas detection market. The energy sector encompasses activities related to the exploration, extraction, production, refining, and distribution of diverse energy resources, spanning from fossil fuels to renewable and nuclear energy. In environments prone to gas-related hazards, wireless gas detectors play a crucial role in upholding safety standards and compliance by offering continuous monitoring for gas leaks. This ensures a secure operational environment within the energy sector. For instance, as per a report released by the Energy Information Administration, a US-based government agency, the United States is forecasted to witness amplified energy consumption across all energy forms, estimated to rise between 0% to 15% from 2022 to 2050. Specifically, within the industrial sector, energy consumption is expected to surge approximately 5% to 32% during the same period. In 2022, households in the U.S. purchased 5.1 quadrillion British thermal units (quads) of electricity, and it's projected to grow by around 14% to 22% by 2050, ranging from 5.9 quads to 6.3 quads. Hence, the burgeoning energy sector remains a significant catalyst behind the growth of the wireless gas detection market.

Product innovation is a prominent trend in the wireless gas detection market, with major companies focusing on developing innovative solutions to enhance their market position. For example, in September 2022, Blackline Safety Corp, a Canada-based provider of wireless worker safety monitoring products, launched an innovative connected single-gas detection solution. This intelligent solution utilizes the latest cellular Internet of Things (IoT) connectivity, offering several advantages such as extended battery life, reduced ownership costs, and fewer false alarms. Importantly, it enables safety professionals to access reliable information for more effective management of safety policies, processes, and ongoing compliance.

Leading companies in the wireless gas detection market are actively developing innovative products, such as Bluetooth-connected gas detectors, to expand their customer base, boost sales, and drive revenue growth. A Bluetooth-connected gas detector is a specialized device designed to detect gases in the surrounding environment. For example, in October 2021, Honeywell International Inc., a US-based company known for manufacturing and selling products and services, introduced Searchline Excel Plus and Searchline Excel Edge. These two products represent the next generation of open-path gas detectors, incorporating advanced optics and high-powered infrared technology. They are designed to excel in adverse weather conditions with reduced visibility and extended detection distances. Notably, both models feature Bluetooth connectivity, which streamlines maintenance and calibration processes for plant personnel. Honeywell's Searchline devices, equipped with advanced optics and near-band infrared absorption technology, demonstrate the ability to penetrate thick fog with minimal visibility. The integration of Bluetooth connectivity in both models enables seamless pairing with the Honeywell Fixed Platform App, offering simplified and efficient maintenance and testing procedures to ensure enhanced safety and performance checks.

In May 2021, MSA Safety Incorporated, a US-based manufacturer of safety products and specialized equipment for protecting workers in industries such as construction, the military, fire service, and chemical, oil, and gas production, acquired Bacharach, Inc. for $337 million. This strategic acquisition enables MSA to broaden its gas detection portfolio and apply its product and manufacturing expertise to new markets. Bacharach Inc., also based in the US, specializes in gas detection technologies used in the heating, ventilation, air conditioning, and refrigeration (HVAC-R) markets.

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., Dragerwerk 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 fur elektronische Messgerate GmbH

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.

The countries covered in the wireless gas detection market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The wireless gas detection market consists of revenues earned by entities by providing services such as smart gas detection and measure gas concentration. The market value includes the value of related goods sold by the service provider or included within the service offering. The wireless gas detection market also includes sales of portable devices and fixed gas detectors and gas detection sensors, which are used in providing wireless gas detection services. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Wireless Gas Detection Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on wireless gas detection market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for wireless gas detection ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The wireless gas detection market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of covid 19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 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
• Companies Mentioned: Siemens AG; Honeywell International Inc.; 3M Company; AMETEK Inc.; Sensit Technologies
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.