Global Wireless Gas Detection Market

Wireless Gas Detection Market Size, Share, Growth Analysis, By Component(Hardware, Software and Services), By Application(Industrial Safety, National Security), By Technology(Wireless Networking (WiFi) Technology, Bluetooth Technology) - Industry Forecast 2024-2031

Report ID: SQMIG10B2093 | Region: Global | Published Date: April, 2024
Pages: 177 | Tables: 90 | Figures: 73

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FAQs

Wireless Gas Detection Market size was valued at USD 1.73 billion in 2023, USD 1.81 billion in 2024 and is projected to grow USD 2.51 billion by 2031, growing at a CAGR of 4.8% in the forecast period (2024-2031).

The proliferation of both domestic and international firms has resulted in a highly fragmented wireless gas detection market. More local players are entering the market, competition is predicted to heat up over the next years. Detector Electronics Corporation, Crowcon Detection Instruments, Yokogawa Electric Corporation, RAE Systems, International Gas Detectors Ltd., Gastronics Inc., Honeywell International Inc., Siemens AG, Tyco Gas & Flame Detection, and MSA Safety Incorporated are notable manufacturers in the wireless gas detection industry. 'Detector Electronics Corporation (US)', 'Crowcon Detection Instruments (UK)', 'Yokogawa Electric Corporation (Japan)', 'RAE Systems (US)', 'International Gas Detectors Ltd (UK)', 'Gastronics Inc (US)', 'Honeywell International Inc (US)', 'Siemens AG (Germany)', 'Tyco Gas & Flame Detection (US)', 'MSA Safety Incorporated (US)', 'AirTest Technologies, Inc (Canada)', 'RAE Systems, Inc (US)', 'California Analytical Instruments, Inc (US)', 'Tyco (Ireland)', 'Yokogawa Electric Corporation (Japan)', 'Bacharach, Inc (US)', 'Detector Electronics Corporation (US)'

Strict regulatory compliance in several industries, including mining, chemicals, and oil and gas, is a primary factor driving the development of wireless gas detection systems. To minimise occupational hazards associated with exposure to hazardous or explosive gases, governments and international organisations have strengthened safety requirements. Wireless systems provide an effective means of fulfilling these requirements by offering alerts and real-time monitoring that improves compliance and safety.

Cloud-based Solutions are Gaining Traction: Cloud-based solutions are becoming more and more popular in the worldwide wireless gas detection market. These platforms facilitate real-time information access across several locations, centralized data storage, and improved data analytics. Cloud technology integration enables more efficient compliance reporting, predictive maintenance, and better decision-making. Cloud-based gas detection technologies are growing in popularity as organizations look for ways to increase safety and operational efficiency. This allows for quicker reactions to possible threats.

North America held the highest share of the wireless gas detection market by region in terms of value, leading the wireless gas detection market in recent years. The oil and gas and chemicals industries in North America have seen tremendous expansion in the wireless gas detection market in recent years. The requirement for workers' security and safety in settings where they are frequently exposed to hazardous gases is said to be the reason for this rise. Additionally, firms are being encouraged to install wireless gas monitors due to the growing need to prevent industrial catastrophes caused by undiscovered gas leaks and the increasing pressure from insurance companies to ensure safety.

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