Gas Detection Equipment Market Business Strategy, Product Portfolio, Key Development, SWOT Analysis & Value and Supply Chain | rägerwerk AG & Co., ESP Safety Inc., GE Measurement Control Solution & Honeywell International Inc.
The global Gas Detection Equipment market is anticipated to surpass value of US$ 3,500 Million by 2025. The gas detection equipment are widely used across multiple industry verticals for monitoring and detection of hazardous gases. The presence of residue and leaked gases in a process plant increases the risk of health hazards and process hazards. This has increased the adoption of gas detection equipment across different industry verticals.
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Market Share and Size
Key Company Profiles with their Revenue analysis
Comprehensive Market Segmentation
Trending technology updates
Graphical representation of the regional analysis
Elaborate competition analysis
PESTEL analysis for vital contributing countries
Supply Demand Analysis
The process plant operators and industry associations are working in close conjunction to adopt advanced and reliable gas detection equipment to ensure process safety and worker safety. Additionally, implementation of stringent regulations for ensuring environment protection is contributing significantly towards the growth of gas detection equipment market. The gas detection equipment manufacturers are focusing on development of advanced products with minimal physical footprint and optimized functionalities such as multiple gas detection & connectivity, to cater rising demand fuelled by industrial automation and Industrial Internet of Things. The global gas detection equipment market is anticipated to witness prominent growth during the forecast period.
Strong demand and adoption across multiple industry verticals to drive demand for fixed gas detection equipment
The global gas detection equipment market is segmented based on product type, gas type, technology, end use industry, and geography. Based on product type, the global gas detection equipment market is segmented into fixed gas detection equipment and portable gas detection equipment. The fixed gas detection equipment contributed a dominating share to the global market and is anticipated to be a dominating segment during the forecast period owing to increased adoption across wide industry verticals for hazardous gas detection. The portable gas detection equipment is anticipated to be the fastest growing segment during the forecast period owing to rising adoption in condition monitoring applications.
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Hazardous process environment and requirement for precise detectors to drive demand from chemical and pharmaceutical industry
Based on end use industry, the global gas detection equipment market is segmented into food & beverages, oil and gas, metal & mining, chemicals, pharmaceuticals, water & waste water treatment, energy & utilities, building & construction, semiconductors & electronics, and others. The chemical industry contributed a prominent share to the global gas detection equipment market in 2019 and is anticipated to witness steady growth during the forecast period. The energy & utility is anticipated to be the fastest growing segment during the forecast period.
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