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Gas Detection Equipment Market Outlook 2023-2032: Analysis, Key Trends And Forecast | Honeywell International Inc, Teledyne Technologies Inc, Emerson Electric Co, Thermo Fisher Scientific Inc, Dragerwerk AG & Co KGaA
Gas Detection Equipment Market
Gas Detection Equipment Market Size, Growth Rate, And Forecast
The global gas detection equipment market size is expected to grow from $4.02 billion in 2022 to $4.39 billion in 2023 at a compound annual growth rate (CAGR) of 9.36%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global gas detection equipment market size is expected to reach $6.12 billion in 2027 at a CAGR of 8.66%.
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Gas Detection Equipment Market Drivers
Increased demand for natural gas and petroleum is expected to boost the growth of the gas detection equipment market going forward. Natural gas is a mixture of hydrocarbon-rich gases, whereas petroleum is a liquid mixture that may be utilized to make oil, diesel fuel, and a range of other products.
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Gas Detection Equipment Market Segments
1. By Product Type: Fixed Gas Detector, Portable Gas Detector.
2. By Technology: Semiconductor, Infrared (IR), Laser-based Detection, Catalytic, Photoionization Detector (PID), Other Technology.
3. By End-use: Medical, Building Automation And Domestic Appliances, Environmental, Petrochemical, Automotive, Industrial, Other End-use.
4. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Gas Detection Equipment market.
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Gas Detection Equipment Market Key Players
Major competitors in the gas detection equipment market include Honeywell International Inc, Teledyne Technologies Inc, Emerson Electric Co, Thermo Fisher Scientific Inc, Dragerwerk AG & Co KGaA, Trolex Ltd, Carrier Global Corporation.
The Business Research Company's "Global Gas Detection Equipment Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Gas Detection Equipment Market Include:
1. Executive Summary
2. Gas Detection Equipment Market Characteristics
3. Gas Detection Equipment Market Trends And Strategies
4. Gas Detection Equipment Market - Macro Economic Scenario
5. Gas Detection Equipment Market Size And Growth
……
26. Africa Gas Detection Equipment Market
27. Gas Detection Equipment Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Gas Detection Equipment Market
29. Gas Detection Equipment Market Future Outlook and Potential Analysis
30. Appendix
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