Europe Gas Detection Market Size & Outlook, 2023-2030
Europe gas detection market, 2018-2030 (US$M)
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Europe gas detection market highlights
- The Europe gas detection market generated a revenue of USD 1,520.2 million in 2023.
- The market is expected to grow at a CAGR of 9.6% 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, UK is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 1,520.2 million |
| Market revenue in 2030 | USD 2,885.1 million |
| Growth rate | 9.6% (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, Europe region accounted for 29.6% 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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Europe 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 65.31% in 2023. Horizon Databook has segmented the Europe gas detection market based on fixed gas detector, portable gas detector covering the revenue growth of each sub-segment from 2018 to 2030.
According to the BP Statistical Review of World Energy 2022, the European Union is the world's secondlargest producer of petroleum products. In 2021, it had a crude oil refining capacity of about 13 million barrels per day, which represented 16% of the total global capacity.
This reflects the vast opportunity for the adoption of gas detection equipment from 2024 to 2030. In addition, European companies are introducing advanced gas leak detection technology, which is intended to transform the safety and environmental measuring capabilities of operators across the region.
For instance, in April 2021, ABB introduced its latest sensitive drone-based gas leak detection and greenhouse gas measuring system called HoverGuard. Such initiatives are expected to propel the growth of the European market.
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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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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe gas detection market , including forecasts for subscribers. This continent databook contains high-level insights into Europe gas detection market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe gas detection market size, by country, 2018-2030 (US$M)
Europe Gas Detection Market Outlook Share, 2023 & 2030 (US$M)
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