Market Size in 2023 | Market Forecast in 2032 | Growth Rate (in %) | Base Year |
---|---|---|---|
USD 1,665.10 Million | USD 2,663.92 Million | CAGR at 5.36% | 2023 |
According to the report published by Zion Market Research, the global Wireless Gas Detection Systems Market size was valued at USD 1,665.10 Million in 2023 and is predicted to reach USD 2,663.92 Million by the end of 2032. The market is expected to grow with a CAGR of 5.36% during the forecast period. The report analyzes the global Wireless Gas Detection Systems Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Wireless Gas Detection Systems Market industry.
A device utilized to sense a gas present in a system is known as a wireless gas detection system. Being an element of the safety system, it is utilized to sense leakage of any explosive and hazardous gases in the industry. Usually, the detector is attached to a control system, which stops the process automatically in any emergency situations or any leakage cases. Wireless gas detection systems allow safety in real-time as well as security threat detection in order to aid diminish risk and also guard contractors, workers, the industry assets, and the public. These systems offer high reliability, flexibility, and accuracy in the detecting gas leaks and also preventing any major accidents.
Constant advancements in safety solutions along with sensor technology, vendors focusing on improving sensors’ response time are the major factors boosting the growth of the global wireless gas detection systems market. Major past catastrophes, for example, Bhopal gas tragedy and the Chernobyl disaster, have enforced the governments all around the world to prepare safety rule for detection of any gas leakage. This, in turn, results in rising investments and boosting the growth of the global wireless gas detection systems market. On the other hand, the high price associated with the development of such wireless detection systems acts as a major factor restraining the global wireless gas detection systems market growth.
The global wireless gas detection systems market is segmented based on wireless technology, type, and end user.
On the basis of wireless technology, the global wireless gas detection systems market is classified as Bluetooth, Wi-Fi, license-free ISM band, cellular, and others. Further, the others sub-segment has NFC (Near Field Communication) and Wireless HART.
Based on the type, the global wireless gas detection systems market is diversified as software, hardware, and services. The hardware segment is sub-segmented as wireless routers/gateways, wireless sensors/detectors, wireless repeaters and transmitters, and accessories, wireless gas controllers & monitors.
Further based on the end user, the global wireless gas detection systems market is segmented as petrochemicals and chemical, oil & gas, mining and metals, power generation and utilities, public facilities and commercial buildings, discrete manufacturing industry, water and wastewater plants, military and government, and others. The others segment is further sub-segmented as marine industry, pharmaceuticals, agriculture, food & beverages, and paper & pulp.
Report Attributes | Report Details |
---|---|
Report Name | Wireless Gas Detection Systems Market Research Report |
Market Size in 2023 | USD 1,665.10 Million |
Market Forecast in 2032 | USD 2,663.92 Million |
Growth Rate | CAGR of 5.36% |
Number of Pages | 201 |
Key Companies Covered | PemTech Inc., Siemens AG, Honeywell International, Inc., Tyco Gas and Flame Detection, Drägerwerk AG & Co. KGaA, Yokogawa Electric Corporation, United Electric Controls, Emerson Electric Co., General Electric Company, Agilent Technologies, Inc., and Sensidyne, LP. |
Segments Covered | By technology, By type, By end user and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The Asia Pacific is anticipated to witness high growth in the near future in the global wireless gas detection systems market. This trend is expected to be followed by the RoW (Rest of the World). The high growth in the Asia Pacific is mainly contributed to the increasing number of numerous industries, which in turn is anticipated to increase the wireless gas detection systems adoption specifically for industrial applications as far as safety is concerned mainly in developing countries including South Korea, Japan, and India.
Some of the major players dominating the global wireless gas detection systems market are:
By technology
By type
By end user
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