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Wireless Gas Detection market Research Report - segmented by Technology (Bluetooth, Wi-fi, Cellar, Others), by Type (Software, Services, Hardware (Detectors/ Sensors, Monitors, Gateways, and Controllers)), by Applications (government & military, commercial buildings & public facilities, manufacturing industries, mining & metals, utilities & power generation, oil & gas, chemical & petrochemicals and others), Regional analysis- Global Industry Analysis, Forecast, Trends and Market Size Forecast(2021 – 2027)

Published: January, 2022
ID: 8943
Pages: 175
Formats: report pdf report excel report power bi report ppt

Global Wireless Gas Detection Market Size (2022-2027:

The global Wireless Gas Detection market is estimated at USD 2.06 billion in 2021 and is expected to expand at a CAGR of 20.8% to reach USD 4.04 billion by 2027.

The sensor is usually linked to a monitoring system that shuts down the processes in case of leakage or accident. Such programs allow the monitoring of real-time security and safety threats to help minimize the risk and to protect workers, suppliers, the community and business property. Wireless gas detection provides high precision, versatility, and efficiency in the discovery of gas leakage and prevents any major industrial accidents from occurring. 

Market Drivers:

Innovations and developments within the detection systems are the key factors driving the wireless gas detection market growth. Wireless systems feature enhanced portability as compared to the standard wired systems. Moreover, these systems ensure simple operations for real-time data collection in power, chemical, and oil & gas industries. The easily deployable gas indicators that provide ease-of-installation have high, increasing demand, which is anticipated to propel the wireless gas detection market's growth. The industry is witnessing several technological advancements. Long wiring systems result in the trouble of complex installations. Reduced maintenance costs and improved battery life of wireless systems are increasing the wireless gas detection market growth. These detectors are mostly connected to an impact system through the commercial internet of things (IoT). The rising proliferation of IoT in industries and manufacturing sectors is boosting the wireless gas detection market.

Market Restraints:

The high cost for the development of these systems is predicted to restrain the growth of the wireless gas detection market. Manufacturing facilities and small-scale industries which have budgetary constraints are unable to afford to incorporate these solutions. Also, the complexity in designing these systems to suit the rapidly-changing industrial standards could be a key factor hampering the wireless gas detection market growth. Lack of awareness of these systems in underdeveloped countries can also limit their adoption.

Market Opportunities:

As safety could be a top priority in most industries, a wide range of safety equipment is installed in these industries. Industrial chemicals and gases are susceptible to leaks and spills; their mismanagement can harm employees or workers, also as manufacturing facilities, and disrupt production schedules. Wireless gas detection systems that are equipped with GPS signals alert operators and man-down alarms before an event occurs and alert workers beforehand. The different applications of wireless gas detection solutions in industrial safety include emergency response, boundary line monitoring, leak detection, plant shutdown, and incident response.

Market Challenges:

The high cost and maintenance are the major challenge faced by the wireless gas detectors market. Gas detectors are extensively utilized in industries to guard personnel and equipment against harmful gases. The wireless gas detectors find their application in varied temperatures starting from extremely low to extremely high, the sensor’s life is impacted. As per various gas detector manufacturing companies, the standard operating temperature range for gas detectors is typically -30°C to +50°C. If the temperature is exceeding beyond the given range, the sensitivity of sensors is reduced. Because of the temperature fluctuations in industries such as oil and gas, mining, etc., there is a necessity for frequent replacement of sensors.

GLOBAL WIRELESS GAS DETECTION MARKET REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 – 2027

Base Year

2021

Forecast Period

2022 - 2027

CAGR

20.8%

Segments Covered

By Technology, Type, Applications, and Region.

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Siemens AG, Yokogawa Electric Corporation, United Electric Control, Crowcon Detection Instruments Ltd., and Airtest Technologies Inc. Honeywell International Inc., Tyco Gas and Flame Detection, Gastronics Inc., Drägerwerk AG & Co, KGaA and Others.

 

Market Segmentation: 

Wireless Gas Detection Market - By Technology:

The Global Wireless Gas Detection market is segmented into Bluetooth, Wi-Fi, Cellar, Others. Out of these, Wi-Fi is both the largest and the fastest-growing segment that accounted for a market share of over 45% in 2020. The section is expected to expand at CAGR of 17.2 during the forecast period of 2020 - 2025 due to the efficiency and safety offered by the Wi-Fi technology.

Wireless Gas Detection Market - By Type: 

The Global Wireless Gas Detection market is segmented into Software, Services, and Hardware (Detectors/ Sensors, Monitors, Gateways, and Controllers). Of these, the Hardware segment held the majority market share in 2020, with 45%, owing to the necessity of all the essential parts that help detect the toxicity of the gas. One can always use a detector without stable software and can get away with it by using a manual controller to shut down the systems in case of any accidents. Also, the software is expected to be the fastest-growing segment with a CAGR of 19.2%, which is attributed to the technological advancements in the software.

Wireless Gas Detection Market - By Applications: 

The Global Wireless Gas Detection market is segmented into government & military, commercial buildings & public facilities, manufacturing industries, mining & metals, utilities & power generation, oil & gas, chemical & petrochemicals and others. Out of these, the oil and gas segment is the largest that accounted for nearly 40% in 2020. This is also expected to expand at CAGR of over 22.5% during the forecast period of 2020 - 2025, owing to the need to continually estimate the concentration of the toxic gasses that are released during the extraction of oil and gas. Wireless gas detectors are used in real-time detection and help to improve the efficiency of response time and reduce the potential exposure to toxic gases.

Region-wise analysis:

Geographically, North America is the largest regional market due to the strong presence of market leaders and the adaptation of these technologies in many companies for workers’ safety.  Also, Asia-Pacific is estimated to be the fastest-growing market, owing to its increased urbanization and increase in the number of companies, which are investing heavily to avoid accidents.

Market Key Players:

The key players of Wireless Gas Detection market include

  1. Siemens AG
  2. Yokogawa Electric Corporation
  3. United Electric Control
  4. Crowcon Detection Instruments Ltd
  5. Airtest Technologies Inc
  6. Honeywell International Inc
  7. Tyco Gas and Flame Detection
  8. Gastronics Inc
  9. Drägerwerk AG & Co.
  10. KGaA.

Many of these key players focused on the technological innovations and aggressive market expansion strategies for staying ahead of competition.

Market Recent Developments:

  • Siemens, a giant in wireless gas detection market, introduced its latest wireless gas detectors in 2018 by the name of SWING.
  • With SWING, Siemens reaches new safety standards of wireless gas detection systems–integrating extremely reliable mesh infrastructure for safe wireless transmission with the unique ASAtechnologyTM for high detection accuracy and system accessibility.
  • SWING is the perfect option for halls or monuments of historical value, with textural or architectural needs, or even for temporary installations.

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