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Global portable gas detectors market is expected to rise to an estimated value of USD 2349.51 million by 2026, registering a substantial CAGR in the forecast period of 2020-2026. Portable gas detectors are industrial equipments that are used in the detection, tracking and monitoring of toxic, combustible and other different varieties of gases in the surrounding environment of these instruments. These instruments are mobile and therefore can be used for detection in different circumstances. These can even be worn by an individual helping them be informed regarding their environment and any presence of different gases.

Major Market Competitors/Players

Few of the major competitors currently working in the global portable gas detectors market are Honeywell International; MSA; RIKEN KEIKI Co., Ltd.; Industrial Scientific; Drägerwerk AG & Co. KGaA; Halma plc; Hanwei Electronics Group Corporation; Mil-Ram Technology, Inc.;      Trolex Ltd; Emerson Electric Co.; Thermo Fisher Scientific Inc.; Active Environmental Solutions; The Linde Group; Environmental Sensors Co.; TycoFIS; 3M; FPI; Wuhan Tianhong Instruments Co., Ltd. and Beijing SDL Technology Co., Ltd. among others.

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Segmentation: Global Portable Gas Detectors Market

  • By Product Type (Wearable, Non-Wearable)
  • By Gas Type (Combustible, Oxygen, Toxic)
  • By Technology Type (Electrochemical, Semiconductors, Catalytic, Infrared, Ultrasonic), Application (Single Gas, Multiple Gas)
  • By Industry (Oil & Gas, Mining, Building/Construction, Manufacturing, Wastewater Treatment, Fire Services, Chemical & Pharmaceutical, Others)
  • By Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa)

Competitive Analysis: Global Portable Gas Detectors Market

Global portable gas detectors market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of portable gas detectors market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Market Drivers:

  • Rapid increase in demand for better connected and technologically effective detection instruments; this factor is expected to drive the growth of the market
  • Growth in demand for detection equipments and instruments to ensure safe working conditions is also expected to drive the growth of the market
  • Overall increase in the growth of applicable industries is also expected to boost the growth of the market
  • Various innovations and strategic expansion of presence of the market players is expected to drive the growth of the market

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Market Restraints:

  • High levels of competition between market players resulting in low profit margins; this factor is expected to hinder the growth of the market
  • Reduction in investments incurred in the market due to the low levels of profit margins is also expected to restrict the growth of the market
  • Requirement of changing sensors of these instruments frequently resulting in higher overall costs of the product is expected to restrict the adoption of these devices; this factor is expected to restrain the growth of the market

Key Insights in the report:

  • Complete and distinct analysis of the market drivers and restraints
  • Key market players involved in this industry
  • Detailed analysis of the market segmentation
  • Competitive analysis of the key players involved

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