Gas Detection Equipment Market Share, Global Industry Size, Growth, SWOT Analysis, Top Companies, Competitor Landscape, Regional Outlook 2022

 According to Future Market Insights, the global gas detection equipment market is expected to grow from US$ 4,321.3 Mn in 2022 to US$ 7,288.1 Mn by 2032, with overall sales exhibiting a CAGR of 5.4% CAGR from 2022 to 2032.

  • Based on product type, the fixed gas detector segment currently holds around 52.1% of the volume share of the global market.
  • By end-use industry, oil & gas industry is set to hold around 30.6% of the market share on a value basis by the end of the forecast period.
  • In terms of sensor technology, electrochemical sensor technology segment is expected to grow at a CAGR of 5% during the forecast period.
  • South Asia & Pacific gas detection equipment market is expected to grow at a CAGR of 7.5% over the assessment period.
  • North America holds around 25.4% share of the global gas detection equipment market.
  • Germany held approximately 18.6% share of the Europe gas detection equipment market in 2021

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