Mexico Gas Detection Market Size & Outlook, 2023-2030
Mexico gas detection market, 2018-2030 (US$M)
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Mexico gas detection market highlights
- The Mexico gas detection market generated a revenue of USD 121.9 million in 2023 and is expected to reach USD 314.5 million by 2030.
- The Mexico market is expected to grow at a CAGR of 14.5% 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.
Gas detection market data book summary
| Market revenue in 2023 | USD 121.9 million |
| Market revenue in 2030 | USD 314.5 million |
| Growth rate | 14.5% (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, Mexico accounted for 2.4% 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 North America, U.S. gas detection market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 314.5 million by 2030.
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Gas Detection Market Scope
Gas Detection Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico 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 68.83% in 2023. Horizon Databook has segmented the Mexico gas detection market based on fixed gas detector, portable gas detector covering the revenue growth of each sub-segment from 2018 to 2030.
Federal Regulation for Occupational Safety and Sanitation and the Environment, a public safety organization in Mexico, has made it mandatory to install gas detection equipment at industrial facilities, creating growth opportunities in the market.
The oil & gas companies in Mexico are increasing their production level, which is expected to create a demand for gas detectors. Gas detectors help oil & gas companies monitor gas leakages. For instance, in November 2023, Petróleos Mexicanos, a state-owned petroleum company operated by the government, reported a significant increase in natural gas production.
Natural gas production achieved a daily average of 4.92 billion cubic feet (Bcf) from January to October of 2023, marking a 5.3% increase compared to the production recorded in the same period in 2022, as reported by Petróleos Mexicanos.
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Our clientele includes a mix of gas detection market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico gas detection market , including forecasts for subscribers. This country databook contains high-level insights into Mexico gas detection market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico gas detection market size, by product, 2018-2030 (US$M)
Mexico Gas Detection Market Outlook Share, 2023 & 2030 (US$M)
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