Canada Gas Detection Market Size & Outlook, 2023-2030
Canada gas detection market, 2018-2030 (US$M)
Related Markets
Canada gas detection market highlights
- The Canada gas detection market generated a revenue of USD 142.2 million in 2023 and is expected to reach USD 295.4 million by 2030.
- The Canada 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 142.2 million |
| Market revenue in 2030 | USD 295.4 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, Canada accounted for 2.8% 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 North America, U.S. gas detection market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 314.5 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Gas Detection Market Scope
Gas Detection Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada 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 68.35% in 2023. Horizon Databook has segmented the Canada gas detection market based on fixed gas detector, portable gas detector covering the revenue growth of each sub-segment from 2018 to 2030.
In Canada, standards organizations, such as CSA Group, have drafted standards for the gas detectors used for combustible gases to help regularize the gas detection equipment used in Canada. This has created growth opportunities for manufacturers in the country.
In addition, oil & energy companies in Canada, such as ConocoPhillips Canada, have made it mandatory for workers working at oil & gas exploration sites to use portable gas detectors, contributing to the high adoption of gas detection equipment.
Several companies in Canada are focusing on launching gas detectors to provide better safety for industrial workers.For instance, in September, Blackline Safety Corp., one of the prominent players in connected safety technology globally, launched the G6 single-gas detector, establishing a new benchmark in connected worker wearables.
Reasons to subscribe to Canada gas detection market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Canada gas detection market databook
-
Our clientele includes a mix of gas detection market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
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 country-level data and insights on the Canada gas detection market , including forecasts for subscribers. This country databook contains high-level insights into Canada gas detection market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Canada gas detection market size, by product, 2018-2030 (US$M)
Canada Gas Detection Market Outlook Share, 2023 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
