Gas Detection Equipment Market to Reach USD 12.30 Billion by 2032, Driven by Stringent Safety Regulations and Technological Advancements | SNS Insider [Yahoo! Finance]
General Electric Company (GE)
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Source: Yahoo! Finance
Austin, April 01, 2025 (GLOBE NEWSWIRE) -- According to the SNS Insider report, the Gas Detection Equipment Market was valued at USD 4.89 billion in 2023 and is projected to reach USD 12.30 billion by 2032, growing at a compound annual growth rate (CAGR) of 10.79% from 2024 to 2032. The Gas Detection Equipment Market is experiencing significant expansion, fueled by the increasing implementation of stringent safety regulations across industries and the integration of advanced technologies such as IoT and AI in detection systems. In the United States, the market is anticipated to expand from USD 0.76 billion in 2023 to approximately USD 1.98 billion by 2032, registering a robust CAGR of 11.17% during the forecast period. This growth is primarily driven by stringent workplace safety regulations, increasing demand for gas detection solutions across industries such as oil & gas, chemicals, mining, and manufacturing, and the rising emphasis on environmental safety. Technological advancem
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