Middle East & Africa Gas Detection Market Size & Outlook
Middle East & Africa gas detection market, 2018-2030 (US$M)
Related Markets
MEA gas detection market highlights
- The MEA gas detection market generated a revenue of USD 252.5 million in 2023.
- The market is expected to grow at a CAGR of 11.8% 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.
MEA data book summary
| Market revenue in 2023 | USD 252.5 million |
| Market revenue in 2030 | USD 551.2 million |
| Growth rate | 11.8% (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, MEA region accounted for 4.9% 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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Middle East & Africa 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 62.77% in 2023. Horizon Databook has segmented the Middle East & Africa gas detection market based on fixed gas detector, portable gas detector covering the revenue growth of each sub-segment from 2018 to 2030.
Sectors such as oil and gas, petrochemicals, and manufacturing have shown a notable inclination toward the adoption of cutting-edge gas detection solutions to mitigate potential risks and ensure a secure working environment.
The Middle East and African region houses some of the most prominent countries in the oil & gas industry, such as Saudi Arabia, Africa, and UAE. These countries are undertaking initiatives to cut down on pollution and harmful emissions.
For instance, Saudi Arabia has initiated projects for collecting and reusing methane gas via vapor recovery technologies. The country has suggested companies operating in the oil and gas industry to deploy the solar occultation flux technique to reduce methane emissions.
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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 Middle East & Africa gas detection market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa gas detection market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa gas detection market
Middle East & Africa Gas Detection Market Outlook Share, 2023 & 2030 (US$M)
Middle East & Africa gas detection market
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