APAC Gas Leak Detectors Market, By Technology (Electrochemical, Infrared, Semiconductor, Catalytic and Others), By Application (Industrial (Oil and gas, Chemical, Petrochemicals), Commercial (hospitals, hotels & restaurants, others), Residential and Others), By Product Type (Fixed and Portable), and by Country (China, India, Japan, ANZ, South Korea, Rest of APAC)- Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published In : Dec 2022

Code : CMI3516

Pages :130

Formats :

Excel and PDF

Industry : Smart Technologies

Regional Analysis

Asia Pacific: China, India, Japan, Australia and New Zealand, South Korea, and Rest of Asia Pacific.

China held a dominant position in the APAC gas leak detectors market in 2021

Statistics:

China country dominated the APAC gas leak detectors market in 2021, accounting for a 31% share in terms of value, followed by India, Japan, Australia and New Zealand, South Korea, Rest of APAC, respectively

China and Japan were two leading markets in terms of revenue in 2021, and are expected to hold their dominant position over the forecast period. The market growth in these regions is attributed to the growing oil & gas industry coupled with rising pollution. For instance, Gas Leak Detectors are majorly used in oilfield and pipeline etc. in the oil & gas industry, which is expected to drive demand for Gas Leak Detectors over the forecast period. Moreover, increasing demand for Electrochemical in the Gas Leak Detectors is expected to facilitate growth of the Gas Leak Detectors market in China.

The Japan country is expected to gain traction during the forecast period. The countries in the Asia Pacific regions are constantly investing in the oil and gas sector. New plants are initiated to meet the energy requirement of countries such as India, South Korea, Australia and New Zealand, and others. The construction of new plants will increase the demand for Gas Leak Detectors in the oil and gas sector are they are used to detect leakages, confined space monitoring, and others. Hence, the APAC Gas Leak Detectors Market is expected to gain traction in the Japan country in the forecast period.