Gas Detection Equipment Market Top Companies, Research Methodology, Drivers, and Opportunities 2028
Gas Detection Equipment Industry Overview The global gas detection equipment market size was valued at USD 4.06 billion in 2020. It is expected to expand at a compound annual growth rate (CAGR) of 9.7% from 2021 to 2028. The increasing need for gas detection equipment in the oil and gas sector for applications such as emergency response, fracking, and leak detection is driving the market growth. Moreover, the need for protecting workers from hazardous gases is creating a demand for gas detection equipment across various industries. Government regulations such as the American Society of Heating Refrigeration & Air Conditioning Engineers and Occupational Safety & Health Administration have mandated the installation of gas detection equipment for safety and security purposes, which is also contributing to the market growth. Government bodies worldwide are making efforts to reduce the oil and gas methane emissions, in turn creating a demand for gas detection equipment. Infrared ...