Gas and Smoke Analyser Market

Driven by increasing demand worldwide, the global gas and smoke analyser market is expected to grow steadily over the next eight years. Despite a drop in consumption in 2022, the market is forecasted to expand with an anticipated CAGR of +7.2% for the period from 2022 to 2030. By the end of 2030, the market volume is projected to reach 258M units, with a market value of $56.3B in nominal prices. The United States, China, and Russia were the countries with the highest volumes of consumption in 2022, while China led in terms of exports with 46% of total exports in 2022. Poland saw the highest rates of growth in terms of export value, while the Czech Republic recorded the highest rates of growth in import value. Overall, the global gas and smoke analyser market is set for steady growth in the coming years.

Market Forecast

Driven by increasing demand for gas and smoke analysers worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +7.2% for the period from 2022 to 2030, which is projected to bring the market volume to 258M units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +7.9% for the period from 2022 to 2030, which is projected to bring the market value to $56.3B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Gas and Smoke Analysers

Global gas and smoke analyser consumption dropped rapidly to 148M units in 2022, reducing by -22.3% against the previous year. In general, consumption, however, showed a strong increase. Global consumption peaked at 194M units in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

The global gas and smoke analyser market revenue reduced to $30.6B in 2022, shrinking by -7.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, saw buoyant growth. Over the period under review, the global market hit record highs at $32.9B in 2021, and then reduced in the following year.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were the United States (26M units), China (16M units) and Russia (9.2M units), together comprising 35% of global consumption. Germany, Japan, Nigeria, Brazil, Poland, Sweden, France, India, the UK and Turkey lagged somewhat behind, together comprising a further 34%.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by Turkey (with a CAGR of +59.1%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($10.5B) led the market, alone. The second position in the ranking was taken by Japan ($2.6B). It was followed by Nigeria.

From 2012 to 2022, the average annual growth rate of value in the United States amounted to +16.1%. In the other countries, the average annual rates were as follows: Japan (+7.4% per year) and Nigeria (+16.2% per year).

In 2022, the highest levels of gas and smoke analyser per capita consumption was registered in Sweden (401 units per 1000 persons), followed by Poland (122 units per 1000 persons), Germany (108 units per 1000 persons) and the United States (79 units per 1000 persons), while the world average per capita consumption of gas and smoke analyser was estimated at 19 units per 1000 persons.

From 2012 to 2022, the average annual growth rate of the gas and smoke analyser per capita consumption in Sweden stood at +39.9%. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Poland (+13.3% per year) and Germany (+16.2% per year).

Production

World Production of Gas and Smoke Analysers

In 2022, approx. 169M units of gas and smoke analysers were produced worldwide; waning by -4.6% against the previous year. In general, production, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2015 when the production volume increased by 85%. Global production peaked at 177M units in 2021, and then contracted in the following year.

In value terms, gas and smoke analyser production stood at $29.4B in 2022 estimated in export price. Over the period under review, production, however, continues to indicate prominent growth. The growth pace was the most rapid in 2018 when the production volume increased by 36% against the previous year. Global production peaked at $29.5B in 2019; however, from 2020 to 2022, production remained at a lower figure.

Production By Country

The countries with the highest volumes of production in 2022 were China (40M units), the United States (25M units) and Mexico (17M units), together comprising 49% of global production.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +42.0%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Gas and Smoke Analysers

In 2022, global imports of gas and smoke analysers was estimated at 84M units, therefore, remained relatively stable against the year before. Overall, total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +18.3% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 28%. Over the period under review, global imports hit record highs at 95M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, gas and smoke analyser imports reached $7.7B in 2022. Over the period under review, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.1% against 2015 indices. The most prominent rate of growth was recorded in 2013 with an increase of 36% against the previous year. Global imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports By Country

China represented the key importer of gas and smoke analysers in the world, with the volume of imports accounting for 24M units, which was approx. 29% of total imports in 2022. The UK (6M units) held the second position in the ranking, followed by Brazil (5.8M units), Mexico (5.8M units), Germany (4.2M units) and India (3.8M units). All these countries together held near 30% share of total imports. The following importers - the United States (3.5M units), Turkey (3.4M units), Spain (3.1M units), South Korea (2.2M units), France (1.9M units), the Czech Republic (1.9M units) and the Netherlands (1.9M units) - together made up 21% of total imports.

Imports into China increased at an average annual rate of +9.9% from 2012 to 2022. At the same time, Turkey (+38.8%), India (+25.3%), South Korea (+20.2%), the Netherlands (+19.9%), Spain (+13.9%), France (+8.0%), Germany (+6.5%), the United States (+6.0%), the UK (+5.5%), Mexico (+2.1%) and the Czech Republic (+1.0%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing importer imported in the world, with a CAGR of +38.8% from 2012-2022. Brazil experienced a relatively flat trend pattern. While the share of China (+6.9 p.p.), Turkey (+3.8 p.p.), India (+3.6 p.p.), South Korea (+1.8 p.p.), Spain (+1.8 p.p.) and the Netherlands (+1.5 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of the Czech Republic (-1.7 p.p.), Mexico (-4 p.p.) and Brazil (-7.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest gas and smoke analyser importing markets worldwide were the United States ($965M), China ($867M) and Germany ($796M), together accounting for 34% of global imports. South Korea, France, the Czech Republic, the UK, the Netherlands, India, Spain, Mexico, Turkey and Brazil lagged somewhat behind, together accounting for a further 32%.

The Czech Republic, with a CAGR of +27.8%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2022, the average gas and smoke analyser import price amounted to $91 per unit, standing approx. at the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 23% against the previous year. Global import price peaked at $95 per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($279 per unit), while Brazil ($24 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+26.5%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Gas and Smoke Analysers

Global gas and smoke analyser exports soared to 105M units in 2022, picking up by 48% on the previous year. Overall, exports saw resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, gas and smoke analyser exports stood at $7.3B in 2022. Over the period under review, total exports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +18.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 17% against the previous year. Over the period under review, the global exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Exports By Country

China was the key exporter of gas and smoke analysers in the world, with the volume of exports resulting at 49M units, which was approx. 46% of total exports in 2022. Mexico (22M units) ranks second in terms of the total exports with a 21% share, followed by Thailand (6.1%) and Germany (5.6%). The UK (3.8M units), the Czech Republic (2.4M units), Poland (2.2M units) and the United States (1.7M units) followed a long way behind the leaders.

China was also the fastest-growing in terms of the gas and smoke analysers exports, with a CAGR of +39.7% from 2012 to 2022. At the same time, Poland (+35.9%), Mexico (+32.5%), Thailand (+19.6%), the Czech Republic (+18.0%), the UK (+3.1%) and Germany (+2.5%) displayed positive paces of growth. By contrast, the United States (-2.9%) illustrated a downward trend over the same period. While the share of China (+39 p.p.), Mexico (+15 p.p.) and Poland (+1.6 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of the United States (-8.4 p.p.), the UK (-8.8 p.p.) and Germany (-14.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest gas and smoke analyser supplying countries worldwide were Germany ($1.8B), the United States ($1.1B) and the Czech Republic ($537M), with a combined 46% share of global exports. China, the UK, Poland, Mexico and Thailand lagged somewhat behind, together comprising a further 22%.

Poland, with a CAGR of +51.3%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

In 2022, the average gas and smoke analyser export price amounted to $70 per unit, waning by -31.6% against the previous year. Overall, the export price continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2020 when the average export price increased by 10%. The global export price peaked at $165 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($627 per unit), while Thailand ($5.6 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+21.1%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform