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Machinery & Equipment Global Multigas Leak Detector Market 2026 by Manufacturers, Regions, Type and Application, Forecast to 2032

  • RnM4672003
    • |
  • 10 February, 2026
    • |
  • Global
    • |
  • 108 Pages
    • |
  • GIR
    • |
  • Machinery & Equipment

According to our (Global Info Research) latest study, the global Multigas Leak Detector market size was valued at US$ 2861 million in 2025 and is forecast to a readjusted size of US$ 4611 million by 2032 with a CAGR of 7.1% during review period.
In 2024, global Multigas Leak Detector production reached approximately 14.5 M units, with an average global market price of around US$ 180 per unit.Multigas leak detectors are a type of safety monitoring equipment capable of simultaneously detecting multiple gas types, primarily for the identification, location, and early warning of gas leaks. Their core function is to utilize various sensing technologies (such as electrochemical, catalytic combustion, non-dispersive infrared spectroscopy (NDIR), photoionization PID, ultrasonic, and optical technologies) to perform real-time, multi-channel monitoring of combustible gases, toxic and harmful gases, and oxygen content. This allows for timely alarm issuance when gas leaks or abnormal exposure conditions occur, ensuring personnel safety, preventing explosions and poisoning accidents, and reducing the risk of damage to process equipment and assets.
Gross Profit Margin Levels
Multi-gas leak detectors belong to the category of high-value-added industrial safety instruments, with significantly higher gross profit margins than general industrial hardware. According to disclosures from listed companies, the overall gross profit margin of safety equipment manufacturers is generally between 40% and 47%, while the overall gross profit margin of comprehensive industrial groups is approximately 36% to 38%, with safety and detection businesses typically exceeding the group average. For the multi-gas leak detector subcategory, high-end brands' portable and stationary products typically employ a distribution + service model globally, with the instrument itself often achieving a gross profit margin of 40% to 55%. Adding calibration gas, maintenance contracts, cloud platform subscriptions, and system integration services, the overall solution's gross profit margin can be maintained at around 45%. Mid-to-low-end OEM/ODM and e-commerce channel products rely on scale and cost advantages, with hardware gross profit margins mostly in the 25% to 35% range. Considering various manufacturers and product tiers, the average gross profit margin of the multi-gas leak detector industry is roughly in the range of 35% to 45%, with overall profitability superior to traditional mechanical equipment and approaching that of other high-end industrial instruments and safety sensors.
Industry Drivers
The core driving force of the multi-gas leak detector market can be summarized as "the triple superposition of regulations, risks, and digitalization." On the one hand, high-risk industries such as oil and gas, chemicals, mining, power, and city gas are continuously subject to stricter occupational safety and environmental regulations (OSHA, ATEX, IECEx, and various national gas/hazardous chemical regulations, etc.), which impose rigid requirements on online monitoring and multi-gas early warning of flammable and toxic gas leaks, driving companies to upgrade from single-gas probes to multi-gas, networked leak detection solutions. On the other hand, major accident cases and shutdown losses in asset-intensive industries have made operators place greater emphasis on early leak detection, explosion-proof area risk assessment, and confined space protection in their HSE systems, thereby increasing budget investment in portable multi-gas detectors and fixed multi-point monitoring systems. Meanwhile, the miniaturization of sensors, the maturity of new technologies such as NDIR/PID/ultrasound, and the application of digital means such as LoRa/BLE/LTE, cloud platforms, and AI risk analysis have enabled multi-gas leak detection equipment to evolve from "independent instruments" to "networked safety nodes." These devices can not only provide real-time alarms but also perform trend analysis, remote maintenance, and compliance recording, significantly increasing their value density for customers. Furthermore, with the rapid expansion of emerging scenarios such as hydrogen energy, LNG, urban underground space development, and the renovation of old gas pipeline networks, multi-gas leak detectors are expected to maintain a higher growth rate than general gas detection equipment in the coming years.
This report is a detailed and comprehensive analysis for global Multigas Leak Detector market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Multigas Leak Detector market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2021-2032
Global Multigas Leak Detector market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2021-2032
Global Multigas Leak Detector market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2021-2032
Global Multigas Leak Detector market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (US$/Unit), 2021-2026
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Multigas Leak Detector
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Multigas Leak Detector market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Honeywell International, MSA Safety Incorporated, INFICON Holding, Drägerwerk AG, Industrial Scientific, Riken Keiki Co., Ltd, New Cosmos Electric, Emerson Electric, ABB, Siemens AG, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Multigas Leak Detector market is split by Type and by Application. For the period 2021-2032, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Fixed Multigas Leak Detectors
Portable Multigas Leak Detectors
Market segment by Technical Principles
Electrochemical Sensing Type
Infrared Absorption Type
Others
Market segment by Gas Types
Combustible Gas-Specific Composite Type
Toxic Gas-Specific Composite Type
Others
Market segment by Application
Oil and Gas
Chemical Industry
Mining
Power and Utilities
Others
Major players covered
Honeywell International
MSA Safety Incorporated
INFICON Holding
Drägerwerk AG
Industrial Scientific
Riken Keiki Co., Ltd
New Cosmos Electric
Emerson Electric
ABB
Siemens AG
Crowcon Detection Instruments
Blackline Safety Corp.
GfG Gas Detection
MSA Safety
PCE Deutschland GmbH
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Multigas Leak Detector product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Multigas Leak Detector, with price, sales quantity, revenue, and global market share of Multigas Leak Detector from 2021 to 2026.
Chapter 3, the Multigas Leak Detector competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Multigas Leak Detector breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2021 to 2032.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2021 to 2032.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2021 to 2026.and Multigas Leak Detector market forecast, by regions, by Type, and by Application, with sales and revenue, from 2027 to 2032.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Multigas Leak Detector.
Chapter 14 and 15, to describe Multigas Leak Detector sales channel, distributors, customers, research findings and conclusion.


1 Market Overview

  • 1.1 Product Overview and Scope
  • 1.2 Market Estimation Caveats and Base Year
  • 1.3 Market Analysis by Type
    • 1.3.1 Overview: Global Multigas Leak Detector Consumption Value by Type: 2021 Versus 2025 Versus 2032
    • 1.3.2 Fixed Multigas Leak Detectors
    • 1.3.3 Portable Multigas Leak Detectors
  • 1.4 Market Analysis by Technical Principles
    • 1.4.1 Overview: Global Multigas Leak Detector Consumption Value by Technical Principles: 2021 Versus 2025 Versus 2032
    • 1.4.2 Electrochemical Sensing Type
    • 1.4.3 Infrared Absorption Type
    • 1.4.4 Others
  • 1.5 Market Analysis by Gas Types
    • 1.5.1 Overview: Global Multigas Leak Detector Consumption Value by Gas Types: 2021 Versus 2025 Versus 2032
    • 1.5.2 Combustible Gas-Specific Composite Type
    • 1.5.3 Toxic Gas-Specific Composite Type
    • 1.5.4 Others
  • 1.6 Market Analysis by Application
    • 1.6.1 Overview: Global Multigas Leak Detector Consumption Value by Application: 2021 Versus 2025 Versus 2032
    • 1.6.2 Oil and Gas
    • 1.6.3 Chemical Industry
    • 1.6.4 Mining
    • 1.6.5 Power and Utilities
    • 1.6.6 Others
  • 1.7 Global Multigas Leak Detector Market Size & Forecast
    • 1.7.1 Global Multigas Leak Detector Consumption Value (2021 & 2025 & 2032)
    • 1.7.2 Global Multigas Leak Detector Sales Quantity (2021-2032)
    • 1.7.3 Global Multigas Leak Detector Average Price (2021-2032)

2 Manufacturers Profiles

  • 2.1 Honeywell International
    • 2.1.1 Honeywell International Details
    • 2.1.2 Honeywell International Major Business
    • 2.1.3 Honeywell International Multigas Leak Detector Product and Services
    • 2.1.4 Honeywell International Multigas Leak Detector Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.1.5 Honeywell International Recent Developments/Updates
  • 2.2 MSA Safety Incorporated
    • 2.2.1 MSA Safety Incorporated Details
    • 2.2.2 MSA Safety Incorporated Major Business
    • 2.2.3 MSA Safety Incorporated Multigas Leak Detector Product and Services
    • 2.2.4 MSA Safety Incorporated Multigas Leak Detector Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.2.5 MSA Safety Incorporated Recent Developments/Updates
  • 2.3 INFICON Holding
    • 2.3.1 INFICON Holding Details
    • 2.3.2 INFICON Holding Major Business
    • 2.3.3 INFICON Holding Multigas Leak Detector Product and Services
    • 2.3.4 INFICON Holding Multigas Leak Detector Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.3.5 INFICON Holding Recent Developments/Updates
  • 2.4 Drägerwerk AG
    • 2.4.1 Drägerwerk AG Details
    • 2.4.2 Drägerwerk AG Major Business
    • 2.4.3 Drägerwerk AG Multigas Leak Detector Product and Services
    • 2.4.4 Drägerwerk AG Multigas Leak Detector Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.4.5 Drägerwerk AG Recent Developments/Updates
  • 2.5 Industrial Scientific
    • 2.5.1 Industrial Scientific Details
    • 2.5.2 Industrial Scientific Major Business
    • 2.5.3 Industrial Scientific Multigas Leak Detector Product and Services
    • 2.5.4 Industrial Scientific Multigas Leak Detector Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.5.5 Industrial Scientific Recent Developments/Updates
  • 2.6 Riken Keiki Co., Ltd
    • 2.6.1 Riken Keiki Co., Ltd Details
    • 2.6.2 Riken Keiki Co., Ltd Major Business
    • 2.6.3 Riken Keiki Co., Ltd Multigas Leak Detector Product and Services
    • 2.6.4 Riken Keiki Co., Ltd Multigas Leak Detector Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.6.5 Riken Keiki Co., Ltd Recent Developments/Updates
  • 2.7 New Cosmos Electric
    • 2.7.1 New Cosmos Electric Details
    • 2.7.2 New Cosmos Electric Major Business
    • 2.7.3 New Cosmos Electric Multigas Leak Detector Product and Services
    • 2.7.4 New Cosmos Electric Multigas Leak Detector Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.7.5 New Cosmos Electric Recent Developments/Updates
  • 2.8 Emerson Electric
    • 2.8.1 Emerson Electric Details
    • 2.8.2 Emerson Electric Major Business
    • 2.8.3 Emerson Electric Multigas Leak Detector Product and Services
    • 2.8.4 Emerson Electric Multigas Leak Detector Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.8.5 Emerson Electric Recent Developments/Updates
  • 2.9 ABB
    • 2.9.1 ABB Details
    • 2.9.2 ABB Major Business
    • 2.9.3 ABB Multigas Leak Detector Product and Services
    • 2.9.4 ABB Multigas Leak Detector Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.9.5 ABB Recent Developments/Updates
  • 2.10 Siemens AG
    • 2.10.1 Siemens AG Details
    • 2.10.2 Siemens AG Major Business
    • 2.10.3 Siemens AG Multigas Leak Detector Product and Services
    • 2.10.4 Siemens AG Multigas Leak Detector Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.10.5 Siemens AG Recent Developments/Updates
  • 2.11 Crowcon Detection Instruments
    • 2.11.1 Crowcon Detection Instruments Details
    • 2.11.2 Crowcon Detection Instruments Major Business
    • 2.11.3 Crowcon Detection Instruments Multigas Leak Detector Product and Services
    • 2.11.4 Crowcon Detection Instruments Multigas Leak Detector Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.11.5 Crowcon Detection Instruments Recent Developments/Updates
  • 2.12 Blackline Safety Corp.
    • 2.12.1 Blackline Safety Corp. Details
    • 2.12.2 Blackline Safety Corp. Major Business
    • 2.12.3 Blackline Safety Corp. Multigas Leak Detector Product and Services
    • 2.12.4 Blackline Safety Corp. Multigas Leak Detector Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.12.5 Blackline Safety Corp. Recent Developments/Updates
  • 2.13 GfG Gas Detection
    • 2.13.1 GfG Gas Detection Details
    • 2.13.2 GfG Gas Detection Major Business
    • 2.13.3 GfG Gas Detection Multigas Leak Detector Product and Services
    • 2.13.4 GfG Gas Detection Multigas Leak Detector Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.13.5 GfG Gas Detection Recent Developments/Updates
  • 2.14 MSA Safety
    • 2.14.1 MSA Safety Details
    • 2.14.2 MSA Safety Major Business
    • 2.14.3 MSA Safety Multigas Leak Detector Product and Services
    • 2.14.4 MSA Safety Multigas Leak Detector Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.14.5 MSA Safety Recent Developments/Updates
  • 2.15 PCE Deutschland GmbH
    • 2.15.1 PCE Deutschland GmbH Details
    • 2.15.2 PCE Deutschland GmbH Major Business
    • 2.15.3 PCE Deutschland GmbH Multigas Leak Detector Product and Services
    • 2.15.4 PCE Deutschland GmbH Multigas Leak Detector Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.15.5 PCE Deutschland GmbH Recent Developments/Updates

3 Competitive Environment: Multigas Leak Detector by Manufacturer

  • 3.1 Global Multigas Leak Detector Sales Quantity by Manufacturer (2021-2026)
  • 3.2 Global Multigas Leak Detector Revenue by Manufacturer (2021-2026)
  • 3.3 Global Multigas Leak Detector Average Price by Manufacturer (2021-2026)
  • 3.4 Market Share Analysis (2025)
    • 3.4.1 Producer Shipments of Multigas Leak Detector by Manufacturer Revenue ($MM) and Market Share (%): 2025
    • 3.4.2 Top 3 Multigas Leak Detector Manufacturer Market Share in 2025
    • 3.4.3 Top 6 Multigas Leak Detector Manufacturer Market Share in 2025
  • 3.5 Multigas Leak Detector Market: Overall Company Footprint Analysis
    • 3.5.1 Multigas Leak Detector Market: Region Footprint
    • 3.5.2 Multigas Leak Detector Market: Company Product Type Footprint
    • 3.5.3 Multigas Leak Detector Market: Company Product Application Footprint
  • 3.6 New Market Entrants and Barriers to Market Entry
  • 3.7 Mergers, Acquisition, Agreements, and Collaborations

4 Consumption Analysis by Region

  • 4.1 Global Multigas Leak Detector Market Size by Region
    • 4.1.1 Global Multigas Leak Detector Sales Quantity by Region (2021-2032)
    • 4.1.2 Global Multigas Leak Detector Consumption Value by Region (2021-2032)
    • 4.1.3 Global Multigas Leak Detector Average Price by Region (2021-2032)
  • 4.2 North America Multigas Leak Detector Consumption Value (2021-2032)
  • 4.3 Europe Multigas Leak Detector Consumption Value (2021-2032)
  • 4.4 Asia-Pacific Multigas Leak Detector Consumption Value (2021-2032)
  • 4.5 South America Multigas Leak Detector Consumption Value (2021-2032)
  • 4.6 Middle East & Africa Multigas Leak Detector Consumption Value (2021-2032)

5 Market Segment by Type

  • 5.1 Global Multigas Leak Detector Sales Quantity by Type (2021-2032)
  • 5.2 Global Multigas Leak Detector Consumption Value by Type (2021-2032)
  • 5.3 Global Multigas Leak Detector Average Price by Type (2021-2032)

6 Market Segment by Application

  • 6.1 Global Multigas Leak Detector Sales Quantity by Application (2021-2032)
  • 6.2 Global Multigas Leak Detector Consumption Value by Application (2021-2032)
  • 6.3 Global Multigas Leak Detector Average Price by Application (2021-2032)

7 North America

  • 7.1 North America Multigas Leak Detector Sales Quantity by Type (2021-2032)
  • 7.2 North America Multigas Leak Detector Sales Quantity by Application (2021-2032)
  • 7.3 North America Multigas Leak Detector Market Size by Country
    • 7.3.1 North America Multigas Leak Detector Sales Quantity by Country (2021-2032)
    • 7.3.2 North America Multigas Leak Detector Consumption Value by Country (2021-2032)
    • 7.3.3 United States Market Size and Forecast (2021-2032)
    • 7.3.4 Canada Market Size and Forecast (2021-2032)
    • 7.3.5 Mexico Market Size and Forecast (2021-2032)

8 Europe

  • 8.1 Europe Multigas Leak Detector Sales Quantity by Type (2021-2032)
  • 8.2 Europe Multigas Leak Detector Sales Quantity by Application (2021-2032)
  • 8.3 Europe Multigas Leak Detector Market Size by Country
    • 8.3.1 Europe Multigas Leak Detector Sales Quantity by Country (2021-2032)
    • 8.3.2 Europe Multigas Leak Detector Consumption Value by Country (2021-2032)
    • 8.3.3 Germany Market Size and Forecast (2021-2032)
    • 8.3.4 France Market Size and Forecast (2021-2032)
    • 8.3.5 United Kingdom Market Size and Forecast (2021-2032)
    • 8.3.6 Russia Market Size and Forecast (2021-2032)
    • 8.3.7 Italy Market Size and Forecast (2021-2032)

9 Asia-Pacific

  • 9.1 Asia-Pacific Multigas Leak Detector Sales Quantity by Type (2021-2032)
  • 9.2 Asia-Pacific Multigas Leak Detector Sales Quantity by Application (2021-2032)
  • 9.3 Asia-Pacific Multigas Leak Detector Market Size by Region
    • 9.3.1 Asia-Pacific Multigas Leak Detector Sales Quantity by Region (2021-2032)
    • 9.3.2 Asia-Pacific Multigas Leak Detector Consumption Value by Region (2021-2032)
    • 9.3.3 China Market Size and Forecast (2021-2032)
    • 9.3.4 Japan Market Size and Forecast (2021-2032)
    • 9.3.5 South Korea Market Size and Forecast (2021-2032)
    • 9.3.6 India Market Size and Forecast (2021-2032)
    • 9.3.7 Southeast Asia Market Size and Forecast (2021-2032)
    • 9.3.8 Australia Market Size and Forecast (2021-2032)

10 South America

  • 10.1 South America Multigas Leak Detector Sales Quantity by Type (2021-2032)
  • 10.2 South America Multigas Leak Detector Sales Quantity by Application (2021-2032)
  • 10.3 South America Multigas Leak Detector Market Size by Country
    • 10.3.1 South America Multigas Leak Detector Sales Quantity by Country (2021-2032)
    • 10.3.2 South America Multigas Leak Detector Consumption Value by Country (2021-2032)
    • 10.3.3 Brazil Market Size and Forecast (2021-2032)
    • 10.3.4 Argentina Market Size and Forecast (2021-2032)

11 Middle East & Africa

  • 11.1 Middle East & Africa Multigas Leak Detector Sales Quantity by Type (2021-2032)
  • 11.2 Middle East & Africa Multigas Leak Detector Sales Quantity by Application (2021-2032)
  • 11.3 Middle East & Africa Multigas Leak Detector Market Size by Country
    • 11.3.1 Middle East & Africa Multigas Leak Detector Sales Quantity by Country (2021-2032)
    • 11.3.2 Middle East & Africa Multigas Leak Detector Consumption Value by Country (2021-2032)
    • 11.3.3 Turkey Market Size and Forecast (2021-2032)
    • 11.3.4 Egypt Market Size and Forecast (2021-2032)
    • 11.3.5 Saudi Arabia Market Size and Forecast (2021-2032)
    • 11.3.6 South Africa Market Size and Forecast (2021-2032)

12 Market Dynamics

  • 12.1 Multigas Leak Detector Market Drivers
  • 12.2 Multigas Leak Detector Market Restraints
  • 12.3 Multigas Leak Detector Trends Analysis
  • 12.4 Porters Five Forces Analysis
    • 12.4.1 Threat of New Entrants
    • 12.4.2 Bargaining Power of Suppliers
    • 12.4.3 Bargaining Power of Buyers
    • 12.4.4 Threat of Substitutes
    • 12.4.5 Competitive Rivalry

13 Raw Material and Industry Chain

  • 13.1 Raw Material of Multigas Leak Detector and Key Manufacturers
  • 13.2 Manufacturing Costs Percentage of Multigas Leak Detector
  • 13.3 Multigas Leak Detector Production Process
  • 13.4 Industry Value Chain Analysis

14 Shipments by Distribution Channel

  • 14.1 Sales Channel
    • 14.1.1 Direct to End-User
    • 14.1.2 Distributors
  • 14.2 Multigas Leak Detector Typical Distributors
  • 14.3 Multigas Leak Detector Typical Customers

15 Research Findings and Conclusion

    16 Appendix

    • 16.1 Methodology
    • 16.2 Research Process and Data Source

    Summary:
    Get latest Market Research Reports on Multigas Leak Detector. Industry analysis & Market Report on Multigas Leak Detector is a syndicated market report, published as Global Multigas Leak Detector Market 2026 by Manufacturers, Regions, Type and Application, Forecast to 2032. It is complete Research Study and Industry Analysis of Multigas Leak Detector market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.

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