Wireless Gas Detection market

Wireless Gas Detection Market Size (2024-2029)

The Wireless Gas Detection Market is anticipated to reach USD 2.89 billion by 2029, with a forecasted growth rate of 5.67% during the period of 2024-2029.

Wireless Gas Detection Market Overview

Wireless gas detection is a part of the safety system that helps to detect the presence of gases in the environment and surroundings. Detects the leakages of toxic gases and explosives in industries. The detector is connected to the control system that works automatically to shut down the process in case of leakage occurrence. 

Wireless Gas Detection Market Drivers

The rise in the usage of wireless gas detectors in the chemical industry is the driving factor of the market.

The chemical industry is one of the highest users of wireless gas detectors due to the constant requirement to check gas leakages and associated safety risks. The advantages of wireless gas detectors are several over the traditional wired system that, includes easier installation, low cost, low maintenance, and can detect gas leakages remotely. These benefits have increased the demand for wireless gas detection in places where safety is given top priority, like the chemical industry. The various application in the chemical industry, like oil and gas exploration and production, petrochemical manufacturing, and storage and transportation of chemicals, would drive the wireless gas detection market. These detectors provide real-time data and alert indications to prevent accidents and reduce the risk of exposure. The rise in the usage of wireless gas detection in the chemical industry is a driving factor for market growth. 

The rise in technological advancements would be a market driver.

The cloud-based analytics, Internet of Things (IoT) sensors, and artificial intelligence (AI) developments in advanced wireless gas detection are additionally accelerating the demand of the market. These advantages included improved offering in accuracy, reliability, and ease of use when compared to traditional wired systems. The cost-effective feature and increased demand in emerging countries led to the growth of the wireless gas detection market.

Wireless Gas Detection Market Restraints

The high cost of the product would restrain the adoption of the product across the world. Small-scale industries find it difficult to manufacture wireless gas detectors due to the high investment because of financial constraints. The wireless gas detectors market finds it difficult to develop with the rapidly evolving industry standards. Available weak infrastructure in nations with low and medium economies would be a challenging factor in the adoption of the product. Radiofrequency technology is used to transmit the data, but the range of the signals is limited, and reduction in the signal strength because of obstacles restrain the market. False alarms can be noticed during the time of adverse environmental conditions like humidity and temperature changes. Lack of standardization in the wireless gas detection battery varies in the battery life because of the dependence on the frequency and transmission of the data, type of the gas, and environmental conditions.

WIRELESS GAS DETECTION MARKET REPORT COVERAGE:

Wireless Gas Detection Market Opportunities

The rise in accidents at the manufacturing units has a significant opportunity for the wireless gas detection market. The government also increased the rules and regulations regarding the worker’s safety will be boosting to the market growth. The increased adoption of advanced technology like AI, IoT, etc., will be an opportunity for the expansion of the market to reach the demands of the various customers in the wireless detection market. The feature of remote sensing can be used as an opportunity to expand to the various sectors. Increasing investments in the oil and gas industries, which is one of the most demanding sectors, will propel the wireless gas detection market in developing countries in the coming years. The rise in the adoption of wireless communication Wi-Fi, Bluetooth, and Wireless HART is creating opportunities for wireless gas detection systems, as they offer real-time monitoring and alerts.

COVID-19 Impact on the Wireless Gas Detection Market

The pandemic has created disruptions in the supply chain across various sectors resulting in a negative impact on the wireless gas detection market. The temporary stoppage in the operations of industry activities caused a delay in the delivery of the components and equipment, affecting the market. Many constructions have stopped and seen a delay in the projects of the industries, which resulted in the slowdown of the demand for wireless gas detection systems. COVID-19 has created a financial crisis in the market due to the delay in investments. On the other hand, the pandemic has created an increase in the focus on workplace safety, where the need for monitoring gas leakages has increased. This is a positive factor for the wireless gas detection market growth. The reduction in the availability of labor during the pandemic increased the adoption of the automation of activities and led to the demand rise for the remote working wireless gas detection market.

Key developments in the market

• In 2020, the Vanguard wirelessHART gas detector of the United Electric Controls now HART registered. In the world, there are more than 40 million field instruments supporting HART technology in process industries.

Wireless Gas Detection Market Segmentation

By Type

• Wi-Fi

• Bluetooth

• Cellular

• License-free ISM Band

• Wireless hart

• Near-Field Communication

The Wi-Fi type is expected to have the highest market share in the wireless gas detection market during the forecast period. The wide application of Wi-fi is seen in various industries like oil and gas, chemical, and manufacturing, where there is high data transfer, reliability, and security features are required. Wi-fi-enabled wireless gas detection systems allow real-time monitoring and alert indication are given, and this application makes them popular in various fields. Other types, such as Bluetooth, cellular, and wireless HART, are also gaining importance due to their specific advantages and wide applications.

By Component and Service

• Hardware

• Software

• Services

The hardware category is expected to have a high market share in the component and service segment in the wireless gas detection market. Due to the increased demand for wireless gas detection sensors hardware segment will continue to have dominant in the market. Various hardware components include sensors, controllers, transmitters, and detecting devices used in the detection and monitoring of harmful gases. The service category is the next expected high share in the market due to the increasing need for the regular maintenance of wireless gas detection systems.

By Application

• Industrial Safety

• National Security and Military Safety

• Environmental Safety

Industrial safety is expected to have high market value in the wireless gas detection market, due to its continued use in the monitoring of hazardous gases in various industries, that comes under industrial safety, which is a primary application of wireless gas detection systems. National security and military safety are the next high-market value segment. The detection of toxic gases and chemicals in military and homeland security is the major important application of wireless gas detection systems. 

By End Users

• Oil and Gas

• Chemical and Petrochemical

• Utilities and Power Generation

• Mining and Metals

• Water and Wastewater Treatment Plants

• Commercial Buildings and Public Facilities

• Government and Military

• Discrete Manufacturing Industries

• Others

The oil & gas industry is expected to have high market growth in the end-user segment during the forecast period. The increase in the use of wireless gas detection is seen more in residential and commercial areas. To ensure the safety of the workers and environment, continuous monitoring of the hazardous gases in the oil refineries and offshore drilling rigs is carried out using wireless gas detection systems. The major application in the chemical and petrochemical industry is the monitoring of hazardous gases in the manufacturing and storage process. 

Wireless Gas Detection Market Regional Analysis

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East & Africa

North America is the major region with high market growth features in the wireless gas detection market during the forecast period. The government had implemented strict regulations and guidelines for industrial safety in the region is a favorable factor driving the market. The oil and gas industry is the major end-user in the market of this region. Europe is another significant region for the market. The presence of several chemical and petrochemical industries is a driving factor for the market.

Wireless Gas Detection Market Key Players

Emerson Electric Co., Honeywell International Inc., Yokogawa India Ltd., Crowcon Detection Instruments., Teledyne Technologies Incorporated. , Siemens, Tek Troniks Limited, United Electric Controls, Ambetronics Engineers Pvt.Ltd, Global Detection Systems Corp