The APAC Gas Leak Detectors Market was valued at US$ 1378.5 Million in 2021 and is expected to surpass US$ 2189.6 Million by 2030, registering a CAGR of 6.2% during the forecast period (2022-2030), according to the APAC Gas Leak Detectors Market Report, 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), published by Coherent Market Insights.
Growing investment in oil & gas and chemicals industry is expected to boost the demand for gas leak detectors. Various hazardous and flammable gases are used in oil & gas industry, which pose major threat of gas leak. Similarly, numerous toxic and inflammable gases are used on chemicals industry, which requires robust techniques in the events of a leak. Growing demand for natural gas combined with high growth of oil & gas industry is expected to boost the demand for gas leak detectors over the forecast period. According to Coherent Market Insights’ analysis, natural gas liquefaction capacity in the region is expected to exhibit growth of around 6.2% between 2017 and 2030. Thus, these factors are expected to propel the APAC gas leak detectors market growth in the near future.
A gas leak detector is an electronic device that detects the presence of gas leak or other emissions in an area. The detection of leaked gas can interface with control system so a process can be automatically shut down. Moreover, a gas leak detector can sound an alarm to operators in the area where gas has been leaked, providing them ample time to leave. Gas leak detectors are used in various industries such as oil & gas industry, pharmaceutical manufacturing, refiners, mining, paper pulp mills, hazmat operations, industrial plants, and waste-water treatment facilities. Different types of gas leak detectors are used such as holographic, ultrasonic, semiconductor, catalytic bead, and more.
Key Developments
- November 16, 2021 - Emerson Electric Co., Technology Company, has launched two open path gas detectors to improve safety and decrease downtime by offering performance reliability above wide areas in extreme environments and a smooth commissioning process and faster installation. Furthermost environments condition include both heavy vibration conditions and operating temperatures ranging from -55C up to 65C degrees often found in the oil and gas, chemical, refining, mining, and in large refrigeration system.
- November 19, 2019 - United Electric Controls, a producer of alarm, safety and emergency shutdown technology, is introducing wireless gas detection solution for the power industry, including new hydrocarbons and ammonia sensor head options for its Vanguard WirelessHART gas detector. Wireless gas detection improves safety by eliminating the need for terminations and wiring, and enabling greater coverage density. United Electric Controls WirelessHART gas leak detectors reduce costs and improve safety further because it can operate on a single battery for five or more years.
APAC Gas Leak Detectors Market-Impact of Coronavirus (Covid-19) Pandemic:
The COVID-19 pandemic has affected the APAC Gas Leak Detectors Market significantly. The lockdown was imposed across the globe as a precautionary measure by governments. This led to temporary suspension of all businesses in the oil & gas and chemical sector. Supply chain and logistic operations were disrupted causing a shortage of materials and components (semiconductor and Electrochemical) required for gas leak detector manufacturing. This hampered the demand and manufacturing of gas leak detectors which have wide applications in the oil & gas and chemical sector and hence the APAC Gas Leak Detectors Market witnessed slow growth during the pandemic.
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Key Trends and Analysis of the APAC Gas Leak Detectors Market:
- Gas detection systems are being increasingly incorporated with drones to include gas leak surveillance in specific areas. This is essential to reach in hazardous areas or difficult-to-reach areas where gas detection can be made possible by use of drones fitted with gas detection systems. Moreover, drones could be able to establish communication with a combination of visual and infrared views real-time, facilitating the participation of a vast number of professionals in gas detection across the world.
- Many manufacturers are focused on development of gas detectors incorporated with advanced features and novel technologies such as artificial neutral network (ANN) and Internet of Things (IoT), in order to make gas detectors highly efficient. For instance, Honeywell partnered with Accudata Systems, a U.S.-based company, to develop ConneXt Pro, the first-of-its-kind wireless gas detection system based in the IoT technology. Moreover, General Monitor, a U.S.-based manufacturer of gas leak detectors, developed Observer-i, an ultra-sonic multiple gas leak detector, based on ANN technology platform, which can distinguish between real gas leaks and false alarms.
- Major players operating in the APAC gas leak detectors include Honeywell International, Inc., MSA, New Cosmos Electric Co. Ltd, Emerson Electric Co., Industrial Scientific, Thermo Fisher Scientific Inc., Tyco International plc, Drägerwerk AG & Co. KgaA, United Technologies Corporation, and General Electric.
