June 23, 2022
According to the recent research report titled ‘Gas Detection Equipment Market in Europe 2022 - Industry Briefing’ available with MarketStudyReport, the gas detection equipment market in Europe accounted for USD 851 million in 2021 and is predicted to surpass USD 1040 million by the year 2028, witnessing a y-o-y growth rate of 2.9% during the forecast duration.
Increase in demand for gas detectors and advancements of technologies are some of the key factors driving the growth of the gas detection equipment market in Europe.
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For various reasons, gas detection is frequently required or beneficial for various applications across the globe. The deployment of a gas monitoring system, together with proper action taken if dangerous amounts of gases are discovered, can assist prevent an explosion as well as worker injury or poisonous gas exposure.
The data-driven study focuses on the major development trends of this business vertical, its segmentations, the regional terrain, and the competitive arena. The research is a significant asset for existing businesses, prospective entrants, and future investors given it provides a complete market assessment throughout the major geographies.
Notably, the gas detection equipment marketplace in Europe is segmented by product type, end-user spectrum, and geographical landscape. Based on product landscape, Europe gas detection equipment market is bifurcated into portable gas detectors, fixed gas detectors, and gas detector tubes. The portable gas detectors segment accounted for largest market share in 2021 and is poised to depict similar growth patterns throughout the analysis period.
The end-user reach of this business space includes food processing, chemicals, oil & gas, water treatment, utilities, and others.
Based on geographical landscape, the marketplace is segmented into U.K., Germany, Italy, France, and Rest of Europe.
The leading players in the gas detection equipment industry in Europe include Aerionics Inc., Carrier Global Corporation, Blackline Safety Corp., Dragerwerk AG & Co. KGaA, GfG Instrumentation Inc., Emerson Electric Co., Global Detection Systems Corp. (GDS), Honeywell International Inc., Halma plc, Industrial Scientific Corporation, ION Science Inc, Interscan Corporation, MSA Safety Incorporated, RKI Instruments Inc., Process Sensing Technologies Ltd. (PST), Sensor Electronics Corporation, Trolex Ltd., and Teledyne Technologies Incorporated.