December 5, 2019 by Monica nerkar
Global Gas Detection Equipment Market Research Report: Information by Product (Fixed Gas System and Portable Gas System), by Technology (Single-Gas Detection and Multi-Gas Detection), by End-Use (Household, Commercial, and Industrial), and by Region - Forecast till 2025
A gas detector is an equipment that detects the existence of undesired gas in a specific area as a part of safety system. This equipment is mainly used to detect gas leak within a control system and automatically shuts down the operation to prevent accidents. Gas detection equipment are generally battery-operated devices and use wireless technology, such as Bluetooth, Wi-Fi, Wi-MAX, and ZigBee, to connect to a smartphone, tablet, or desktops for monitoring the operations. These equipment are designed to offer the utmost safety to the workers functioning within the workplace. Additionally, several strict industrial standards and government norms and regulations are introduced to ensure the safety and protect the health of the workers in manufacturing industries. Thus, the global gas detection equipment market is expected to witness a robust growth during the forecast period.
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The global gas detection equipment market is also driven by the the growth in the production volume of shale gas. Excess supply of shale gas in the oil & gas industry has led to the decrease in the price of shale gas. Additionally, the government’s directives to increase safety measures within the industrial workplaces have led to the rise in the adoption of the latest safety tools, such as wireless gas detection products in shale gas production. Moreover, the shift towards the use of natural gases over coal for heating and energy purpose is resulting in the increase in the number of gas-powered installations. Furthermore, an upsurge in the demand to detect gases to ensure safety in the medical and household sectors is expected to offer lucrative growth opportunities for the key players in the global gas detection equipment market. Thus, the global gas detection market is anticipated to witness a substantial growth over the forecast period.
Market Research Analysis
In terms of region, the global market for the gas detection is segmented into North America, Europe, Asia-Pacific, and the rest of the world. Asia-Pacific is estimated to hold the largest market share during the forecast period owing to increasing number of greenfield projects taken by various countries, such as India, the Philippines, and China, in the region. These countries are aiming to double the consumption of natural and shale gases to improve their heat and energy sector to reduce their import dependence. North America is projected to witness a significant growth, followed by Europe and the rest of the world.
Countries such as China and India are anticipated to show an increase in the demand for gas detection equipment, owing to the rise in the number of investments in power, chemical, petrochemical, steel, and oil & gas industries. Additionally, the gas detection equipment market in North America is mainly driven by the strict government regulations concerning workplace safety. Moreover, the rapid construction of infrastructure in the developing economies in the Middle East and South America is projected to drive the global gas detection equipment market over the forecast period.
Scope of the Report
This study provides an overview of the global gas detection equipment market, tracking four market segments across four geographic regions. The report studies key players, providing a six-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia-Pacific, and the rest of the world. The report also provides a forecast, focusing on the market opportunities for the next six years for each region. The scope of the study segments the global gas detection equipment market by product, technology, end-use, and region.
The prominent players in the global gas detection equipment market are RKI Instruments, Inc. (RKI) (US), Industrial Scientific (US), Drägerwerk AG & Co. KGaA (Germany), MSA (US), Siemens AG (Germany), Honeywell International (US), General Electric Company (US), Emerson Electric Co. (US), Thermo Fisher Scientific Inc. (US), and Sensor Electronics (US).
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