Hydrogen Fluoride Gas Detection Market Report Size, Trends & Growth Opportunity, By Product Type, By Application, By Region: Forecast till 2027

Hydrogen Fluoride Gas Detection Market Report Size, Trends & Growth Opportunity, By Product Type, By Application, By Region and forecast till 2027

Global Hydrogen Fluoride Gas Detection Market

The global hydrogen fluoride gas detection market is expected to grow from USD 543 million in 2020 to USD 704 million by 2027; it is expected to grow at a CAGR of 5.3% during 2020- 2027.

Hydrogen fluoride gas is prepared from calcium fluoride (CaF2) and sulphuric acid in a reaction furnace at 200°C, which is later cooled and stored as a colourless liquid and it is a corrosive gas and is gas at room temperature. traditional hydrogen fluoride gas detection devices are fixed appliances that have been widely used in several main consumer industries.

Market Drivers

Government Stringent regulations play a substantial role in the growth of the hydrogen fluoride gas detection market, as hydrogen fluoride is extremely toxic and corrosive, it has hostile effects on human health and the environment.

The increasing global demand for small appliances, technological advances in electronics and mobile electronics for automotive, industrial and healthcare applications are also the key factors to drive the growth of the market.

Market Restraints

Raw materials like high-grade corrosion resistant 316 stainless steel are costly, which in turn upsurges the manufacturing cost of the devices. Thus, High price of hydrogen fluoride gas detection devices is the main restraining factor for the growth of the market.

Market Segmentation

Hydrogen Fluoride Gas Detection Marketsis segmented into major 4 categories. Based on Product Type, the market is segmented into Fixed and Portable. Based on Application, the market is segmented into Chemicals, Mining & Metallurgical and Pharmaceuticals. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East.

Regional Analysis

In 2020, the global Hydrogen Fluoride Gas Detection market was led by North America. The APAC is expected to hold the largest share of the overall hydrogen fluoride gas detection market with the highest CAGR throughout the forecast period because it is a manufacturing hub for automotive, consumer electronic devices and components and large-scale production of electronic components in the region.

Market Key Players

Some of the key players operating in Global Hydrogen Fluoride Gas Detection Market are Analytical Technology Inc. (Ati), Applied Techno Engineers Pvt Ltd., Atb Analytics LLC, Crowcon Detection Instruments Ltd., Drägerwerk AG & Co. KGaA, Gao Tek Inc., Gasera Ltd., Gfg Instrumentation Inc., Henan Otywell Electronic Technology Co. Ltd., Honeywell International Inc.,

Industry development

In June 2021, Drägerwerk AG & Co. KGaA signed an agreement with AWC, Inc., a technology distributor of control and instrumentation equipment worldwide. AWC, Inc. represents and promotes Dräger’s fixed flame and gas detection systems portfolio sales in Louisiana, Tennessee, and Alabama.

In May 2021, Drägerwerk AG & Co. KGaA launched the new Polytron 6100 EC WL, a wireless gas detection solution, for flexible and cost-efficient monitoring of industrial plants. The new transmitter is intrinsically safe and SIL2-rated and can continuously monitor toxic gases and oxygen.

In July 2020, Teledyne Technologies Incorporated acquired the gas and flame detection business of 3M. 3M’s gas and flame detection business has annual global sales of approximately USD 120 million; with this acquisition, Teledyne Technologies Incorporated strengthened its position in the gas detection market.