According to a new report titled ‘Gas Detection Equipment Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026,’ published by Transparency Market Research , the global gas detection equipment market is expected to reach a value of US$ 5,537.56 Mn by 2026, expanding at a CAGR of 4.7% from 2018 to 2026. Volume share of the global gas detection equipment market is expected to reach 5,435.66 thousand units by 2026, at a CAGR of 4.1%, during the forecast period. Asia Pacific held a prominent share of the global gas detection equipment market in 2017.

Adoption of gas detection equipment has increased throughout the world due to government regulations and environmental safety and security standards implemented across applications such as emergency services, water treatment, chemicals & specialty chemicals, mining, food & beverages, power, building automation & construction, and others. Demand for gas detection equipment is also increasing in order to maintain good air quality, identify hazardous gases, especially in commercial buildings, and avoid critical incidents or situations.

Based on product type, the portable gas detection equipment segment exhibits significant growth opportunities as these detectors are light in weight and can easily be worn or attached to a belt for monitoring of the user’s breathing zone. Such features make the portable gas detector equipment segment highly attractive during the forecast period.

In terms of gas type, the toxic gas detection equipment segment is expected to maintain its leading market share owing to factors such as increasing adoption of gas detectors in shale gas exploration and rising awareness regarding risks associated with hazardous gases.

By technology, the multi-gas detection equipment segment is expected to exhibit the dominant CAGR during the forecast period as these monitors can detect different gases simultaneously and help comply with the confined space regulations and worker safety guidelines.

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The gas detection equipment market in Asia Pacific is expected to expand at a higher CAGR compared to other regions due to estimated increase in the number of Greenfield projects in the region during the forecast period. The gas detection equipment market in China is expected to reach a value of US$ 677.0 Mn by 2026, expanding at a CAGR of 6.2% during the forecast period. This can be ascribed to the increase in adoption of gas detection equipment across industries in the country for providing safety to the workforce. Furthermore, rise in investment across countries is driving the market for gas detection equipment in Asia Pacific. Technological advancements and new advanced products introduced by gas detection equipment companies are also expected to boost the demand for the product from various industries and applications across the Asia Pacific region.