Wireless Gas Detection Market Overview
The global wireless gas detection market size was valued at USD 1.49 billion in 2020, and projected to reach USD 2.45 billion by 2029, with a CAGR of 5.68% from 2022 to 2029.
Toxic chemicals in the air are found with the wireless gas detectors. The number of harmful gases present in the facility is being monitored by these detectors. The detector gives a warning signal if the dangerous gases go beyond a certain threshold. This safety mechanism is used to stop dangerous gas leaks that might seriously endanger the lives of the employees. The frequency of workplace accidents has been gradually increasing over time, and as a result, worker safety rules are tightening up everywhere, which will fuel market expansion over the future years.
The development of sensor and safety technologies, as well as efforts to speed up sensor response times, are some of the key drivers anticipated to fuel the growth of the worldwide wireless gas detection systems market. Aside from that, disasters like the Chernobyl disaster and the Bhopal gas tragedy have compelled countries to create safety standards for locating gas leaks. As a result, investments rise, spurring the target market’s expansion. The worldwide market is anticipated to rise as a result of factors like rising safety concerns, expanding Internet of Things (IoT) use, and rising research and development efforts.
Due to the ongoing need to monitor gas leaks and the accompanying safety issues, the chemical industry uses wireless gas detectors at a higher rate than any other industry. In comparison to the conventional wired system, wireless gas detectors provide a number of benefits, including simpler installation, lower costs, less maintenance, and the ability to detect gas leaks remotely. Due to these advantages, wireless gas detection is now more in demand in industries like the chemical sector where safety is of utmost importance. The wireless gas detection market would be driven by the numerous chemical industry applications, such as oil and gas exploration and production, petrochemical production, and chemical storage and transportation. One element propelling market expansion is the increase in wireless gas detection use in the chemical industry.
The expensive price of the device would prevent its global acceptance. With the continually changing industry requirements, it is difficult for the market for wireless gas detectors to grow. It would be difficult for the product to be adopted in countries with low and middle economies regardless of the available inadequate infrastructure. Data is sent using radiofrequency technology, but the signal’s range is constrained and the market is constrained by obstructions that weaken the signal. The wireless gas detection battery’s lack of standardization causes variations in battery life due to reliance on data transfer frequency, gas type, and ambient factors.
The market for wireless gas detection has a sizable opportunity as a result of the growth in accidents at manufacturing facilities. The government has tightened the norms and regulations pertaining to worker safety, which will encourage market expansion. The expanded market will have the chance to meet the wants of the numerous consumers in the wireless detection market thanks to the rising usage of cutting-edge technologies like AI, IoT, etc. as they provide real-time monitoring and alarms, wireless gas detection systems are benefiting from the surge in the usage of wireless communication technologies like Wi-Fi, Bluetooth, and Wireless HART.
| ATTRIBUTE | DETAILS |
| Study period | 2020-2029 |
| Base year | 2021 |
| Estimated year | 2022 |
| Forecasted year | 2022-2029 |
| Historical period | 2018-2020 |
| Unit | Value (USD Billion) |
| Segmentation | By Component, By Technology, By Application, By End User, By Region. |
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The post Wireless Gas Detection Market by Component (Hardware, Software, Services) Technology (Wi-Fi, Bluetooth, Cellular, License-Free ISM Brand, Others (Wireless HART)) Application (Industrial Safety, National Security and Military Applications, Environmental Safety) End User (Oil & Gas, Power, Chemical, Mining & Metals, Discrete Manufacturing Industry, Commercial Buildings, Others (Water & Wastewater Treatment Plants)) by Region Global Trends and Forecast from 2022 to 2029 appeared first on Exactitude Consultancy.