The Gas Analyzer market was USD 2.78 Billion in 2014 and is projected to reach USD 4.06 Billion by 2021, at a CAGR of 5.7% from 2017 to 2022. In this study, 2015 has been considered as the base year, while the forecast period has been considered from 2016 to 2021.
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In this report, the market sizes have been derived through various research methodologies. In the secondary research process, different sources have been referred to, to identify and collect information for this study on the GASD market. These secondary sources include annual reports, press releases, and investor presentations of companies; associations such as American Gas Association, Online analyzer and fire & gas detection system, Analyzer Professional Group; and white papers, certified publications, and articles from recognized authors. In the primary research process, sources from both supply and demand sides have been interviewed to obtain qualitative and quantitative information for this report. The bottom-up approach has been used to estimate the market size, in terms of value. The top-down approach has been implemented to validate the market size, in terms of value. With the data triangulation procedure and validation of data through primaries, exact values of the sizes of the overall parent market and individual markets have been determined and confirmed in this study.
The stakeholders in the GASD market are:
- GASD manufacturers
- GASD traders, distributors, and suppliers
- Raw material suppliers
- Government and research organizations
- Industrial & commercial cleaning agencies
- Agricultural associations
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GASD Market, By Application:
- Oil & Gas and Chemicals
- Buildings & Construction
- Food & Beverages
- Water Treatment
The GASD market is undergoing high-value research activities to create new equipment and processes to minimize toxic gas hazards. One of the major problems is the wide price range that makes device choosing and deriving optimal cost effectiveness very difficult.
Market players such as Honeywell International, Inc. (U.S.), ABB Ltd. (Switzerland), General Electric Co. (U.S.), Emerson Electric Co. (U.S.), Figaro Engineering Inc. (Japan), and Drägerwerk AG & Co. KGaA (Germany) focus on expanding their regional reach. Other development strategies adopted by market players are new product launches, agreements & collaborations, and mergers & acquisitions.