Germany Gas Detection Market Size & Outlook, 2023-2030
Germany gas detection market, 2018-2030 (US$M)
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Germany gas detection market highlights
- The Germany gas detection market generated a revenue of USD 474.0 million in 2023 and is expected to reach USD 905.8 million by 2030.
- The Germany market is expected to grow at a CAGR of 9.7% 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 474.0 million |
| Market revenue in 2030 | USD 905.8 million |
| Growth rate | 9.7% (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, Germany accounted for 9.2% 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 Europe, Germany gas detection market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 667.4 million by 2030.
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Gas Detection Market Scope
Gas Detection Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany 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 58.57% in 2023. Horizon Databook has segmented the Germany gas detection market based on fixed gas detector, portable gas detector covering the revenue growth of each sub-segment from 2018 to 2030.
Germany primarily relies on energy imports as its domestic oil and natural gas production capacity is relatively smaller. As such, the country has developed a highly diversified supply infrastructure consisting of pipelines and terminals.
However, the country happens to have one of the largest refining capacities in Europe. For instance, in 2021, Germany had 44 oil fields actively producing. These fields utilized approximately 682 production wells across drilling installations (onshore) and production platforms (offshore) to extract oil.
Throughout 2021, the oil fields in Schleswig-Holstein and Lower Saxony were responsible for nearly 90% of the overall German oil production. Hence, the demand for gas detection equipment from the oil & gas industry in Germany is expected to grow from 2024 to 2030.
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Our clientele includes a mix of gas detection market companies, investment firms, advisory firms & academic institutions.
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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 country-level data and insights on the Germany gas detection market , including forecasts for subscribers. This country databook contains high-level insights into Germany gas detection market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany gas detection market size, by product, 2018-2030 (US$M)
Germany Gas Detection Market Outlook Share, 2023 & 2030 (US$M)
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