U.S. Gas Detection Market Size & Outlook, 2023-2030
U.S. gas detection market, 2018-2030 (US$M)
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U.S. gas detection market highlights
- The U.S. gas detection market generated a revenue of USD 1,100.8 million in 2023 and is expected to reach USD 2,116.8 million by 2030.
- The U.S. market is expected to grow at a CAGR of 9.8% 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.
Gas detection market data book summary
| Market revenue in 2023 | USD 1,100.8 million |
| Market revenue in 2030 | USD 2,116.8 million |
| Growth rate | 9.8% (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, U.S. accounted for 21.4% 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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U.S. 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 58.94% in 2023. Horizon Databook has segmented the U.S. gas detection market based on fixed gas detector, portable gas detector covering the revenue growth of each sub-segment from 2018 to 2030.
In the U.S., public safety agencies such as the National Fire Protection Association (NFPA) and the Consumer Product Safety Commission (CPSC) are conducting campaigns to encourage the installation of gas detection equipment.
In addition, there has been a significant rise in demand for gas detection equipment from the country’s oil & gas industry, particularly due to the increasing shale gas exploration activities. According to the U.S. Energy Information Administration, the U.S. emerged as the largest producer and consumer of crude oil, petroleum liquids, and biofuels in 2022.
The country accounted for 21% of the global oil production in 2022 and 20% of the global oil consumption in 2021. This has opened opportunities for the deployment of smart oil field and refining technologies, facilitating realtime process monitoring and control. All these factors are contributing to the growth of the U.S. 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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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. gas detection market , including forecasts for subscribers. This country databook contains high-level insights into U.S. gas detection market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. gas detection market size, by product, 2018-2030 (US$M)
U.S. Gas Detection Market Outlook Share, 2023 & 2030 (US$M)
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