Asia Pacific Gas Detection Market Size & Outlook
Asia Pacific gas detection market, 2018-2030 (US$M)
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Asia Pacific gas detection market highlights
- The Asia Pacific gas detection market generated a revenue of USD 1,692.7 million in 2023.
- The market is expected to grow at a CAGR of 12.4% from 2024 to 2030.
- In terms of segment, fixed gas detector was the largest revenue generating product in 2023.
- Portable Gas Detector is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 1,692.7 million |
| Market revenue in 2030 | USD 3,835.5 million |
| Growth rate | 12.4% (CAGR from 2023 to 2030) |
| Largest segment | Fixed gas detector |
| Fastest growing segment | Portable Gas Detector |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fixed Gas Detector, Portable Gas Detector |
| Key market players worldwide | ABB Ltd, Teledyne Technologies Inc, Fortive Corp, GE Aerospace, Honeywell International Inc, Thales Group, Opgal, Thermo Fisher Scientific Inc, Siemens AG, ATI Airtest Technologies Inc |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 32.9% of the global gas detection market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,835.5 million by 2030.
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Gas Detection Market Scope
Gas Detection Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific gas detection market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to gas detection market will help companies and investors design strategic landscapes.
Fixed gas detector was the largest segment with a revenue share of 68.67% in 2023. Horizon Databook has segmented the Asia Pacific gas detection market based on fixed gas detector, portable gas detector covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing industrialization, urbanization, and rural electrification, along with the growing automobile sales across the region, are responsible for the rising demand for crude oil across the Asia Pacific region.
In 2022, Asia Pacific emerged as the fastest-growing market, accounting for almost 57% of global crude oil trade. Moreover, in 2022, as per the insights of Geopolitical Intelligence Services AG, the region held the position of the world's largest oil market, having consumed 35.3 million barrels per day (b/d).
It constituted over 36 % of the global oil consumption during that year. This has created significant growth in the oil & gas industry and is expected to drive the demand for gas detection equipment market in the APAC region.
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Target buyers of Asia Pacific gas detection market databook
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Our clientele includes a mix of gas detection market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific gas detection market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific gas detection market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific gas detection market size, by country, 2018-2030 (US$M)
Asia Pacific Gas Detection Market Outlook Share, 2023 & 2030 (US$M)
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