Brazil Gas Detection Market Size & Outlook, 2023-2030
Brazil gas detection market, 2018-2030 (US$M)
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Brazil gas detection market highlights
- The Brazil gas detection market generated a revenue of USD 157.4 million in 2023 and is expected to reach USD 327.3 million by 2030.
- The Brazil market is expected to grow at a CAGR of 11% 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.
Gas detection market data book summary
| Market revenue in 2023 | USD 157.4 million |
| Market revenue in 2030 | USD 327.3 million |
| Growth rate | 11% (CAGR from 2023 to 2030) |
| Largest segment | Fixed gas detector |
| Fastest growing segment | Portable Gas Detector |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Brazil accounted for 3.1% of the global gas detection market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil gas detection market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 327.3 million by 2030.
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Gas Detection Market Scope
Gas Detection Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil 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 60.42% in 2023. Horizon Databook has segmented the Brazil gas detection market based on fixed gas detector, portable gas detector covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil’s natural gas production has witnessed a steady increase over the last few years; however, there is a higher untapped potential. For instance, as per the Brazilian National Agency of Petroleum, Natural Gas, and Biofuels (ANP), Brazil witnessed record-high levels of average oil and gas production in 2023.
Crude oil production surged by nearly 13% to exceed 3.4 million barrels per day (mb/d), while natural gas production experienced an 8.7% growth.
Petrobras, the Brazilian oil and gas company, emerged as the largest producer in the country, recording 87% of oil production and 91% of gas production in December 2023.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil gas detection market , including forecasts for subscribers. This country databook contains high-level insights into Brazil gas detection market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil gas detection market size, by product, 2018-2030 (US$M)
Brazil Gas Detection Market Outlook Share, 2023 & 2030 (US$M)
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