The Europe Natural Gas Leakage Detection Systems Market was valued at USD 4.38 billion in 2022. The market size is estimated to grow at a CAGR of 9.7% during the forecast period 2023-2028 to reach USD 8,38 billion by the end of 2028.
Market Overview:
Gas leak detection is identifying potentially hazardous gas leaks by sensors. Gas leaks are usually considered very dangerous since they can be a potential source of a deadly explosion. These gas leaks are capable of killing vegetation, causing fires and explosions, releasing greenhouse gases into the atmosphere, and claiming many lives. Thus, natural gas leakage detection systems have become more of a necessity. The increasing demand for natural gas leakage detection systems in the oil and gas sector for emergency response and leak detection drives the market. The natural gas leakage detection system market has been growing with the increased awareness of gas leakage. Currently, it is one of the fastest and largest growing markets at a global level.
The majority of these gas leakage detection systems use NDIR or non-dispersive infrared sensors that uses infrared light to detect different wavelengths absorbed by gases. NDIR is the most efficient gas detector in the gas leakage detection system industry. These gas detectors detect flammable, combustible, and poisonous gases at first; these gas detectors alarm when a gas leakage has occurred and then instruct the operators to leave the area.
Market Drivers:
Ever since people discovered the need for gas leakage detection systems in the market, there has been a rising demand for gas sensors, especially in the pharmaceutical and food and beverage industries and different power plants dealing with radioactive and other hazardous gases. As a result, the need to protect the health of the workers and common citizens has increased owing to the demand for this gas detection equipment in the market.
The emission of harmful gases like carbon monoxide, ammonia, and hydrogen sulfide adversely affects human health and the planet's ozone layer. At times like these, when industrialization is in its peak range, it becomes even more important that these hazardous gases are carefully monitored. Unfortunately, sometimes even after correct measures, these gases get leaked and give rise to dangerous fires claiming lives. Therefore, large-scale industries must use and learn about these natural gas leakage detection systems.
Market Restraints:
Due to the presence of many domestic and international market players, the competition in the market increase owing to very fewer profit margins. This stands as a major challenge in the Europe natural gas leakage detection systems market.
Another restraining factor for the Europe natural gas leakage detection systems market is the lack of skilled labor, as training associated with specific applications of gas leak detectors is essential, especially for personnel using portable gas leak detectors.
Market Opportunities:
IoT plays a very vital role in the information technology sector. IoT refers to a network of sensors formed by integrating various information-sensing devices with the internet. The increasing use of mobile devices, the growing demand for IoT, and many advancements in cloud computing and big data analytics have led to the need for gas sensors with more advanced and equipped gas-sensing capabilities.
Market Key Developments:
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REPORT METRIC |
DETAILS |
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Market Size Available |
2022 – 2028 |
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Base Year |
2022 |
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Forecast Period |
2023 - 2028 |
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CAGR |
9.7% |
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Segments Covered |
By Product, Technology, End-Use, and Region. |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
MSA- The Safety Company, Honeywell International Inc., Amphenol, Sensirion AG, Alphasense Ltd, Figaro Engineering, Dynament Ltd., Ams AG, MEMBRAPOR AG, Sensair AB, ABB, Siemens, and Others. |
Market Segmentation:
Based on the product, the fixed gas detectors segment dominated the market in 2020 and was responsible for over 60% share of the revenue at a global level. The demand for fixed gas detectors is high due to their rising use in the food and beverages industry, pharmaceuticals, and gas and oil sectors. These detectors are installed to provide personnel safety and plant protection.
The portable gas detectors segment is estimated to register the fastest growth over the forecast period. These sensors can remotely observe industrial and commercial units because they are in higher demand than fixed gas detectors.
The infrared gas detection segment dominated the market in 2020 and was held responsible for over 26% share of the revenue at a global level. Infrared gas detection technology-based equipment is used for detecting hydrocarbon gas using infrared light. These detectors are usually used in air purifiers to control air pollutants.
The semiconductor segment is estimated to register the fastest growth over the forecast period. These semiconductors are widely used as gas-sensing substances nowadays, as it has a number of
advantages like- ease of fabrication, simplicity of use, and cost efficiency.
The industrial segment dominated the market in 2020 and accounted for over 21% share of the revenue at a global level. Gas detection equipment used for industrial purposes, especially in the pharmaceuticals and food and beverages sector, drives market growth. In addition, the demand for these gas leakage detection systems has also been rising in mining sectors owing to the health factor of the employees and workers working in the mining industry.
The petrochemical segment is estimated to register the fastest growth over the forecast period. The increasing use of gas leakage detection systems for monitoring hazardous gases, especially in oil refineries, pipelines, and LPG/ LNG plants, is driving segment growth.
Market Regional Analysis:
UK’s natural gas leakage detection systems market is leading with prominent shares. It held the dominant position in the global natural gas leakage system market in 2020, accounting for a 33.8% share in value. With more key players in the region, the demand for natural gas leakage detection systems keeps growing. Germany is next in leading the shares of the natural gas leakage detection systems market. Furthermore, with the increasing number of industries, France has been showing significant growth, thus increasing the demand for gas leakage detection equipment in the market.
The COVID-19 pandemic has positively impacted the growth rate of the European natural gas leakage detection system market as the demand for the gas leakage detection system increased in the Covid era compared with the pre-covid era. The gas detection system was especially helpful in the medical sector as the covid affected patients required high oxygen levels. Therefore, the gas detection systems played a vital role in hospitals as they notified the administration of any type of gas leakage and assisted them in protecting the patients and resources.
Market Key Players:
Frequently Asked Questions
The Europe gas leakage detection system market size is expected to grow at a CAGR of 9.7% during the forecast period 2023-2028.
Among all other players, Honeywell International Inc, ABB, and Siemens. are regarded as the top five key players of the industry.
The Europe gas leakage detection system market was valued at USD 4.06 billion in the year 2020 and later increased to USD 4.38 billion in the following year. The market size is estimated to grow at a CAGR of 9.7% during the forecast period 2023-2028 to reach USD 8.38 billion by the end of the year 2028.
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