Global Gas Detection Equipment Market 2019 Size, Status and Forecast To 2025
The global gas detection equipment market is predicted to have a significant growth at a notable CAGR over the forecast period (2019-2025), states the new Market Research Future (MRFR) report. A gas detector, simply put, is a device which helps in detecting the presence of gases, often as a safety system. It is generally used for detecting gas leaks or other emissions. Such detectors use wireless technology such as ZigBee, Wi-MAX, Wi-Fi, and Bluetooth for connecting to desktops, tablets, or smartphones. Various sensors are used in these detectors such as electrochemical gas sensors, semiconductor sensors, infrared sensors, and ultrasonic sensors. Gas detection equipment has a wide range of applications, including household activities, wastewater treatment facilities, automobiles, industrial plants, and refineries.
Various factors are propelling the gas detection equipment market growth. These factors, as stated by the MRFR report, include increasing production of shale gas, improvement in extraction technology, growing demand for workers safety in plants, and rising safety concerns in commercial and industrial spaces. Additional factors propelling market growth include growing demand for gas monitoring equipment for detecting hazardous gases, escalating demand for safety in household and medical sectors in emerging countries, shift towards natural gases, and directives laid down by the government to boost safety measures in the industrial workplace.
On the contrary, the slowdown in the construction, industrial, and manufacturing industry growth may deter the gas detection equipment market growth over the forecast period.
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Market Segmentation
The Market Research Future report provides a wide segmental analysis of the gas detection equipment market based on technology, product, and end use.
Based on product, the gas detection equipment market is segmented into portable gas system and fixed gas system. Of these, the fixed gas system segment will have the maximum share in the market over the forecast period.
Based on technology, the gas detection equipment market is segmented into multi-gas detection and single-gas detection. Of these, the single gas detection segment will dominate the market over the forecast period.
Based on end use, the gas detection equipment market is segmented into industrial, commercial, and household sectors. The industrial sector is further segregated into semiconductors, water treatment, mining, chemicals, and specialty chemicals, oil and gas, and others. Of these, the industrial sector will lead the market over the forecast period.
Regional Analysis
Based on the region, the gas detection equipment market report covers growth opportunities and the latest trends across North America, Asia Pacific (APAC), Europe, and the Rest of the World (RoW). Of these, APAC will command the market over the forecast period. This is due to the growing number of greenfield projects in this region. India, the Philippines, and China are the key contributors in the region.
In North America, the gas detection equipment market is predicted to have favorable growth over the forecast period. This is owing to the growing demand from several end use industries and the rising industrial activities in the region. Advanced safety systems installation has become compulsory due to government regulations in Canada and the US. The increasing awareness concerning the hazardous effects of carbon monoxide from the National Fire Protection Association and the US Consumer Product Safety Commission, is further boosting the market growth in this region.
The gas detection equipment market in Europe is predicted to have a healthy growth over the forecast period. This is due to the strict regulations that have been enforced by regulatory bodies to ensure the safety of workers and plants. Gas detection equipment is extensively used in several European countries, including Russia, Italy, France, Germany, and the UK. Water and wastewater treatment, petrochemicals, oil and gas, and chemicals are the key industries that are generating maximum revenue for gas detection equipment in the European region.
The gas detection equipment market in the Rest of the World is predicted to have a notable growth over the forecast period. This is owing to heavy investments made by international companies in these regions for gas detection equipment projects.
Key Players
Leading players profiled in the gas detection equipment market report include Sensor Electronics (US), Thermo Fisher Scientific Inc. (US), Emerson Electric Co. (US), General Electric Company (US), Honeywell International (US), Siemens AG (Germany), MSA (US), Drägerwerk AG & Co. KGaA (Germany), Industrial Scientific (US), and RKI Instruments, Inc. (RKI) (US).
July 2019: Researchers at the Institute of Bioengineering of Catalonia and Faculty of Physics of the University of Barcelona have designed a SNAV nanodrone for detecting toxic gases during emergencies. This will prove useful at the time of rescue operations, especially in collapsed buildings due to explosions and earthquakes.
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Table Of Contents
1. Executive Summary
2. Scope Of The Report
2.1. Market Definition
2.2. Scope Of The Study
2.2.1. Definition
2.2.2. Research Objective
2.2.3. Assumptions
2.2.4. Limitations
2.3. Research Process
2.3.1. Primary Research
2.3.2. Secondary Research
2.4. Market Size Estimation
2.5. Forecast Model
3. Market Landscape
3.1. Porter’s Five Forces Analysis
3.1.1. Threat Of New Entrants
3.1.2. Bargaining Power Of Buyers
3.1.3. Threat Of Substitutes
3.1.4. Segment Rivalry
3.1.5. Bargaining Power Of Buyers
3.2. Value Chain/Supply Chain Analysis
4. Market Dynamics
4.1. Introduction
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Market Trends
5. Global Gas Detection Equipment Market, By Product
5.1. Introduction
5.2. Fixed Gas System
5.2.1. Market Estimates & Forecast, 2019–2025
5.2.2. Market Estimates & Forecast, By Region, 2019–2025
5.3. Portable Gas System
5.3.1. Market Estimates & Forecast, 2019–2025
5.3.2. Market Estimates & Forecast, By Region, 2019–2025
Continued…….
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