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WILMINGTON, Del. , Oct. 10, 2022 /PRNewswire/ -- In 2021, the value of global gas detection equipment market was clocked at US$ 3.7 Bn . The market is anticipated to rise at 4.8% CAGR during the forecast period, from 2022 to 2031. By 2031, the global gas detection equipment market is anticipated to attain value of US$ 5.8 Bn . The global demand for gas detection equipment is being driven by a rising emphasis on health and safety at workplace across several industries. Due to the introduction of stringent laws and norms surrounding the regulation as well as emission of hazardous gases, various end-use industries, including manufacturing, healthcare, and oil & gas, are placing greater emphasis on workplace safety.
Given the considerable possibility of toxic gas leaks in industries, gas detectors are essential for workplace health and safety. Safety for both the environment and the workforce is ensured by gas detection equipment. Developing multi-gas detectors is a strategy used by key market players to broaden their product line and grow market share.
Owing to the existence of important suppliers and the adoption of strict EHS laws in North America , the region is anticipated to account for a significant portion of the global gas detection equipment market during the forecast timeline. It is predicted that the demand for gas detection system in the US will grow due to increasing incidence of illnesses brought on by dangerous gases including sulfur dioxide and carbon monoxide.
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Key Findings of Market Report
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Global Gas Detection Equipment Market: Growth Drivers
Global Gas Detection Equipment Market: Key Players
Some of the key market players are
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Global Gas Detection Equipment Market: Segmentation
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