Gas leak detectors are devices used to measure and identify the presence of gases in air. These devices are used as a part of safety systems installed in factories, homes, commercial complexes, and others. This system identifies high level of gases through a series of audible or visible indicators such as alarms, lights or a combination of signals. There are two types of gas leak detectors: handled and fixed type gas leak detector.

Gas leak detectors play an important role in preventing occurrence of any dangerous situations, as it ensures that there is no leakage from the pipelines. Increasing investment by existing market players in research and development activities for integrating advanced technologies such as sensors, Internet of Things (IoT), artificial intelligence (AI), and many more in the gas leak detector is expected to aid in growth of the market. For instance, in July 2017, Emerson launched the Incus Ultrasonic Gas Leak Detector, which is equipped with four hypersensitive acoustic sensor units that enables the device to provide reliable, continuous monitoring performance. This system also monitors well ventilated outdoor environments. Moreover, it can withstand even the most extreme conditions and is unaffected by inclement weather, wind, leak direction, and gas dilution or stratification. Furthermore, increasing environmental damage caused due to leakage from the aging pipelines and spills calls for strict actions from the government and other regulatory bodies for the inspection of pipelines by the operators. For instance, the Environmental Protection Agency (EPA) passed Clean Air Act regulations for the oil and natural gas industries, in order to reduce air pollution that harms public health.

Key features of the study:

  • This report provides in-depth analysis of gas leak detector market size (US$ Mn) and compound annual growth rate (CAGR %) for the forecast period (2018–2026), considering 2017 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players
  • It profiles leading players in the global gas leak detector market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, gas leak detector market capital, key developments, strategies, and future plans
  • Companies covered as part of this study include Honeywell International Inc., City Technology Ltd., Honeywell International Inc., Mine Safety Appliances Co., Dragerwerk AG & Corporation., Testo AG, ABB Ltd, Industrial Scientific Corporation, Figaro Engineering Inc., Yokogawa Electric Corporation, Hitech Instruments Ltd., Mine Safety Appliances Corporation., Dragerwerk AG & Corporation., Testo AG, ABB Ltd, Industrial Scientific Corporation, Figaro Engineering Inc., Yokogawa Electric Corporation, and Hitech Instruments Ltd.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launches, product upgrades, market expansion, and marketing tactics
  • The global gas leak detector market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision making through the various strategy matrices used in analyzing the global gas leak detector market