India Gas Detection Market Size & Outlook, 2023-2030
India gas detection market, 2018-2030 (US$M)
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India gas detection market highlights
- The India gas detection market generated a revenue of USD 270.1 million in 2023 and is expected to reach USD 644.0 million by 2030.
- The India market is expected to grow at a CAGR of 13.2% 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 270.1 million |
| Market revenue in 2030 | USD 644.0 million |
| Growth rate | 13.2% (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, India accounted for 5.3% 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 Asia Pacific, China gas detection market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 644.0 million by 2030.
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Gas Detection Market Scope
Gas Detection Market Companies
| Name | Profile | # Employees | HQ | Website |
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India 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 68.31% in 2023. Horizon Databook has segmented the India gas detection market based on fixed gas detector, portable gas detector covering the revenue growth of each sub-segment from 2018 to 2030.
The heightened awareness of occupational safety and adherence to regulatory standards in India has significantly contributed to the increasing demand for advanced gas detection technologies across diverse industries.
Industries such as manufacturing, petrochemicals, and mining have shown a growing inclination toward the adoption of cutting-edge gas detection solutions to mitigate potential risks and ensure a secure working environment.
In addition, the market has witnessed a shift toward the integration of smart and connected gas detection devices, enabling real-time monitoring and data analysis for improved safety protocols. India is the world’s third-largest consumer of crude oil and petroleum products and possesses the second-largest refining capacity in Asia Pacific, which provides a high potential for the adoption of gas detection equipment in the Indian 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 country-level data and insights on the India gas detection market , including forecasts for subscribers. This country databook contains high-level insights into India gas detection market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India gas detection market size, by product, 2018-2030 (US$M)
India Gas Detection Market Outlook Share, 2023 & 2030 (US$M)
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