Europe Natural Gas Leakage Detection Systems Market Research Report – Segmentation By Product (Fixed Gas Detector, Portable Gas Detector), Technology ( Semiconductor, Infrared, Laser-Based Detection, Catalytic, Photoionization Detector), End-use (Medical, Building Automation & Domestic Appliances, Environmental, Petrochemical, Automotive, Industrial) and By Region (UK, France, Italy, Germany, Spain) - Outlook 2024 to 2029.

Updated On: June, 2024
ID: 13645
Pages: 130

Europe Natural Gas Leakage Detection Systems Market Size (2024 to 2029):

The Europe Natural Gas Leakage Detection Systems Market was valued at USD 4.80 billion in 2023. The market size is estimated to grow at a CAGR of 9.7% during the forecast period 2024 to 2029 to reach USD 8.37 billion by 2029 from USD 5.27 billion in 2024.

MARKET SCENARIO

Gas leak detection is identifying potentially hazardous gas leaks by sensors. Gas leaks are usually considered very dangerous since they can be a potential source of a deadly explosion. These gas leaks are capable of killing vegetation, causing fires and explosions, releasing greenhouse gases into the atmosphere, and claiming many lives. Thus, natural gas leakage detection systems have become more of a necessity. The increasing demand for natural gas leakage detection systems in the oil and gas sector for emergency response and leak detection drives the market. The natural gas leakage detection system market has been growing with the increased awareness of gas leakage. Currently, it is one of the fastest and largest growing markets at a global level. 

The majority of these gas leakage detection systems use NDIR or non-dispersive infrared sensors that uses infrared light to detect different wavelengths absorbed by gases. NDIR is the most efficient gas detector in the gas leakage detection system industry. These gas detectors detect flammable, combustible, and poisonous gases at first; these gas detectors alarm when a gas leakage has occurred and then instruct the operators to leave the area. 

MARKET DRIVERS

Ever since people discovered the need for gas leakage detection systems in the market, there has been a rising demand for gas sensors, especially in the pharmaceutical and food and beverage industries and different power plants dealing with radioactive and other hazardous gases. As a result, the need to protect the health of the workers and common citizens has increased owing to the demand for this gas detection equipment in the market. 

The emission of harmful gases like carbon monoxide, ammonia, and hydrogen sulfide adversely affects human health and the planet's ozone layer. At times like these, when industrialization is in its peak range, it becomes even more important that these hazardous gases are carefully monitored. Unfortunately, sometimes even after correct measures, these gases get leaked and give rise to dangerous fires claiming lives. Therefore, large-scale industries must use and learn about these natural gas leakage detection systems. 

MARKET RESTRAINTS

Due to the presence of many domestic and international market players, the competition in the market increase owing to very fewer profit margins. This stands as a major challenge in the Europe natural gas leakage detection systems market. 

Another restraining factor for the Europe natural gas leakage detection systems market is the lack of skilled labor, as training associated with specific applications of gas leak detectors is essential, especially for personnel using portable gas leak detectors. 

MARKET OPPORTUNITIES

IoT plays a very vital role in the information technology sector. IoT refers to a network of sensors formed by integrating various information-sensing devices with the internet. The increasing use of mobile devices, the growing demand for IoT, and many advancements in cloud computing and big data analytics have led to the need for gas sensors with more advanced and equipped gas-sensing capabilities. 

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2023 to 2029

Base Year

2023

Forecast Period

2024 to 2029

CAGR

9.7%

Segments Covered

By Product, Technology, End-Use, and Region.

Various Analyses Covered

Global, Regional, & Country Level Analysis; Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities

Regions Covered

Germany, UK, France, Spain, Italy.

Market Leaders Profiled

MSA- The Safety Company, Honeywell International Inc., Amphenol, Sensirion AG, Alphasense Ltd, Figaro Engineering, Dynament Ltd., Ams AG, MEMBRAPOR AG, Sensair AB, ABB, Siemens, and Others.

 

SEGMENTAL ANALYSIS

Europe Natural Gas Leakage Detection System Market Analysis By Product

Based on the product, the fixed gas detectors segment dominated the market in 2020 and was responsible for over 60% share of the revenue at a global level. The demand for fixed gas detectors is high due to their rising use in the food and beverages industry, pharmaceuticals, and gas and oil sectors. These detectors are installed to provide personnel safety and plant protection. 

The portable gas detectors segment is estimated to register the fastest growth over the forecast period. These sensors can remotely observe industrial and commercial units because they are in higher demand than fixed gas detectors. 

Europe Natural Gas Leakage Detection System Market Analysis Technology

The infrared gas detection segment dominated the market in 2023 and was held responsible for over 26% share of the revenue at a global level. Infrared gas detection technology-based equipment is used for detecting hydrocarbon gas using infrared light. These detectors are usually used in air purifiers to control air pollutants. 

The semiconductor segment is estimated to register the fastest growth over the forecast period. These semiconductors are widely used as gas-sensing substances nowadays, as it has a number of advantages like- ease of fabrication, simplicity of use, and cost efficiency. 

Europe Natural Gas Leakage Detection System Market Analysis By End-Use

The industrial segment dominated the market in 2020 and accounted for over 21% of the global revenue share. Gas detection equipment used for industrial purposes, especially in the pharmaceuticals and food and beverages sector, drives market growth. In addition, the demand for these gas leakage detection systems has also been rising in mining sectors owing to the health factor of the employees and workers working in the mining industry. 

The petrochemical segment is estimated to register the fastest growth over the forecast period. The increasing use of gas leakage detection systems for monitoring hazardous gases, especially in oil refineries, pipelines, and LPG/ LNG plants, is driving segment growth. 

GEOGRAPHICAL ANALYSIS

UK’s natural gas leakage detection systems market is leading with prominent shares. It held the dominant position in the global natural gas leakage system market in 2020, accounting for a 33.8% share in value. With more key players in the region, the demand for natural gas leakage detection systems keeps growing. Germany is next in leading the shares of the natural gas leakage detection systems market. Furthermore, with the increasing number of industries, France has been showing significant growth, thus increasing the demand for gas leakage detection equipment in the market. 

KEY PLAYERS IN THE EUROPE NATURAL GAS LEAKAGE DETECTION SYSTEM MARKET

Companies playing a prominent role in the europe natural gas leakage detection system market include MSA- The Safety Company, Honeywell International Inc., Amphenol, Sensirion AG, Alphasense Ltd, Figaro Engineering, Dynament Ltd., Ams AG, MEMBRAPOR AG, Sensair AB, ABB, Siemens, and Others.

RECENT HAPPENINGS IN THE EUROPE NATURAL GAS LEAKAGE DETECTION SYSTEM MARKET

  • In February 2021, Sensirion AG completed the acquisition of Qmicro B.V., an innovative OEM supplier of miniaturized gas analysis technologies. With this acquisition, Sensirion extended its gas sensing portfolio from components and molecules to stand-alone micro gas analyzers for industrial applications. 
  • In April 2021, Amphenol Corporation completed its acquisition of MTS Systems Corporation. 
  • In April 2022, MSA Safety, Incorporated launched its latest ALTAIR io 4 Gas Detection Wearable device. The ALTAIR io four devices represent the hardware portion of a cloud-ready suite of technology that MSA calls the Connected Work Platform. 
  • In April 2022, Sensirion developed its SEN50 and SEN55 environmental sensing solutions for measuring relevant environmental parameters. 

DETAILED SEGMENTATION OF THE EUROPE NATURAL GAS LEAKAGE DETECTION SYSTEM MARKET INCLUDED IN THIS REPORT

This research report on the global europe natural gas leakage detection system market has been segmented and sub-segmented based on product, technology, end-use, and region.

By Product

  • Fixed Gas Detector 
  • Portable Gas Detector 

By Technology

  • Semiconductor 
  • Infrared 
  • Laser-based Detection 
  • Catalytic
  • Photoionization Detector 

By End-Use

  • Medical 
  • Building Automation & Domestic Appliances
  • Environmental
  • Petrochemical 
  • Automotive
  • Industrial

By Country

  • UK
  • France
  • Germany 
  • Italy
  • Spain

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Frequently Asked Questions

1. What is the Europe natural gas leakage detection systems market CAGR during the forecast period 2024-2029?

The European gas leakage detection system market is expected to grow at a CAGR of 9.7% from 2024 to 2029.

3. Who are the top three key players of this market?

Honeywell International Inc., ABB, and Siemens are regarded as the industry's top five key players.

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