APAC Gas Leak Detectors Market Is Growing with the Rapid Growth of the Oil and Gas Industry

 

APAC Gas Leak Detectors Market

A gas leak detector is used to detect the presence of gases in an area as part a of safety system to detect gas leak or other emissions. Semiconductor, ultrasonic, photoionization, infrared point, electrochemical, etc. are some of the common types of gas leak detectors available in the market. A gas leak detector is widely used in various end-use industries, such as oil & gas, power, and chemical industries. Moreover, it has become mandatory in commercial buildings in many countries worldwide, such as India. For instance, the Indian government has mandated fire prevention and fire protection in commercial buildings.

Furthermore, in 2019, Thomson & Thomsons launched an innovative gas leak detection system in India and also teamed up with international as well as indigenous brands which produce gas suppression systems for installations across industries, as fire safety has become mandatory in commercial buildings in India. Such initiatives are expected to augment the growth of the APAC gas leak detectors market. A gas leak detector find applications in wastewater treatment, municipal water, mining, automotive manufacturing, and iron & steel industries.

The APAC gas leak detectors market is witnessing substantial growth due to the increasing investment in oil & gas and chemical industry. For instance, India's oil & gas sector is expected to receive fresh investment of around US$ 300 billion by 2030 for developing natural supply and distribution infrastructure to meet rising demand. The government of India aims to double the share of natural gas in its energy base to 15% by 2030. High adoption rate across expanding gas storage facilities is making these detectors an integral part of gas storage facilities.

Moreover, several end-use industries, such as oil and gas, petrochemicals, pharmaceuticals, energy, chemical, etc., are increasingly adopting gas leak detectors due to stringent regulatory policies and safety norms. Gas detectors are used to detect flammable and toxic gas leaks from process containers and chambers. These aforementioned factor are also expected to accelerate the APAC gas leak detectors market growth. There is an increasing demand for gas detectors due to increasing incidents of oil & gas leakages, ongoing construction of new pipelines, and stringent government regulations regarding the implementation of gas leak detectors.

Goth of the APAC gas leak detectors market is mainly driven by the increasing development of infrastructure and the growing consumption of industrial gases, such as argon, nitrogen, and helium, across different manufacturing industries in the Asia Pacific.

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