Latin America Gas Detection Market Size & Outlook
Latin America gas detection market, 2018-2030 (US$M)
Related Markets
Latin America gas detection market highlights
- The Latin America gas detection market generated a revenue of USD 307.5 million in 2023.
- The market is expected to grow at a CAGR of 11.5% 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, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 307.5 million |
| Market revenue in 2030 | USD 657.4 million |
| Growth rate | 11.5% (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, Latin America region accounted for 6.0% 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 |
|---|
Latin America 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 65.4% in 2023. Horizon Databook has segmented the Latin America gas detection market based on fixed gas detector, portable gas detector covering the revenue growth of each sub-segment from 2018 to 2030.
Gas detection plays a crucial role in safeguarding the well-being of workers and protecting the environment by identifying and monitoring the presence of potentially hazardous gases in the workplace.
The region's reliance on industries such as mining and oil extraction necessitates effective gas detection systems to mitigate the risks of exposure to toxic or flammable gases.
Majority of South American countries lack the required capital and technological capability to fully explore and develop their oil and gas reserves.
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Target buyers of Latin America gas detection market databook
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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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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 continent-level data and insights on the Latin America gas detection market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America gas detection market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Latin America gas detection market size, by country, 2018-2030 (US$M)
Latin America Gas Detection Market Outlook Share, 2023 & 2030 (US$M)
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