North America Gas Detection Market Size & Outlook
North America gas detection market, 2018-2030 (US$M)
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North America gas detection market highlights
- The North America gas detection market generated a revenue of USD 1,365.0 million in 2023.
- The market is expected to grow at a CAGR of 10.4% 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, Mexico is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 1,365.0 million |
| Market revenue in 2030 | USD 2,726.7 million |
| Growth rate | 10.4% (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, North America region accounted for 26.6% 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 |
|---|
North 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 60.79% in 2023. Horizon Databook has segmented the North America gas detection market based on fixed gas detector, portable gas detector covering the revenue growth of each sub-segment from 2018 to 2030.
The market in North America is expected to witness significant growth owing to the presence of a large oil and gas pipeline network and oil and gas refineries in countries such as the U.S. and Canada.
The increasing need for the safety and security of workers who are constantly exposed to toxic gases is also driving the regional market growth. Moreover, the increasing need to prevent accidents caused by gas leakages bodes well for market growth.
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Target buyers of North 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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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 North America gas detection market , including forecasts for subscribers. This continent databook contains high-level insights into North America gas detection market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America gas detection market size, by country, 2018-2030 (US$M)
North America Gas Detection Market Outlook Share, 2023 & 2030 (US$M)
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