What Has Been the Progress and Growth of the Wireless Gas Detection Market in Recent Years?
The wireless gas detection market has seen considerable growth due to a variety of factors.
• The market for wireless gas detection has seen substantial growth in the past years. The market is predicted to increase from $2.29 billion in 2024 to $2.46 billion in 2025, with a compound annual growth rate (CAGR) of 7.7%.
The factors contributing to this notable growth during the historical period include industrial safety regulations, concerns over workplace safety, expansion in the oil and gas sector, compliance in the chemical industry, and safety in the mining sector.
What Does Future Hold for The Wireless Gas Detection Market Size?
The wireless gas detection market is expected to maintain its strong growth trajectory in upcoming years.
• Predictions reveal that the wireless gas detection market is set for substantial expansion in the coming years. The market is projected to reach a value of $3.33 billion in 2029, boasting a compound annual growth rate (CAGR) of 7.9%.
This anticipated growth during the forecast period is consequent to factors like enhanced industrial automation, increased acceptance in emerging markets, need from healthcare facilities, the renewable energy sector, and integration with IoT platforms. Key trends expected within the forecast period encompass scalability through wireless mesh networks, the use of mobile applications for out-of-office supervision, improved human-machine interface (HMI), partnerships with cloud service suppliers, and an emphasis on intrinsically safe design.
What Are The Essential Drivers Behind The Growth Of The Wireless Gas Detection Market?
The growth of the wireless gas detection market is likely to be propelled by the rising demand for wireless gas detectors from the chemical industry. These detectors, which constantly monitor the air for hazardous and flammable gases, are utilized in the chemical sector to alert employees to the presence of harmful gas, thereby improving their safety. The American Chemistry Council (ACC), a trade association for US chemical firms, noted in its June 2022 Chemical Industry Situation and Outlook report that the United States' chemical production is set to experience its best year in over 10 years in 2022, with expansion reported across all chemical fields. The report indicates a 1.6% growth in 2022 and further increase of 2.4% in 2023. Driven by high demand and restocking, production of specialty chemicals is expected to rise by 6.2% in 2022. Capital expenditure is also predicted to grow by 12.3% to $34.5 billion in 2022 and by 5.5% to $36.4 billion in 2023. As such, the escalating demand for wireless gas detectors in the chemical industry is contributing to the growth of the wireless gas detection market.
What Is The Segmentation Of The Global Wireless Gas Detection Market?
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
Subsegments:
1) By Hardware: Gas Sensors, Transmitters, Controllers, Alarms
2) By Software: Monitoring Software, Data Analysis Software, Integration Software
3) By Services: Installation Services, Maintenance And Support Services, Training Services
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What Emerging Trends Are Shaping The Wireless Gas Detection Market?
The trend of product innovation is becoming increasingly popular in the wireless gas detection market. Prominent players in this field are concentrating on creating innovative products to solidify their market stance. In September 2022, an innovative connected single-gas detection was unveiled by Blackline Safety Corp, a Canadian firm specializing in wireless worker safety monitoring products. This smart solution leverages the latest cellular IoT connectivity and offers advantages like extended battery life, lower ownership costs, and reduced false alarms. Importantly, it equips safety professionals with the trustworthy data they need to effectively and efficiently handle their safety strategies, procedures, and consistent compliance.
Who Are the Key Players in the Wireless Gas Detection Market?
Major companies operating in the wireless gas detection market include:
• 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
What are the Regional Insights into the Wireless Gas Detection Market?
North America was the largest region in the wireless gas detection market in 2024. The regions covered in the wireless gas detection market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
