Global Gas Detection Device Market: Overview
Gas Detection Device market is anticipated to worth USD 2,048 million in 2018,
with a CAGR of 7.6% during 2019-2025. Global Gas Detection Device Market is expected to witness significant growth rate over the coming timeline, owing to the increasing implementations of the oil and gas industry across the world. Increasing safety regulations across industries are the key factor in pushing the growth of the overall market. Also, disaster management is a major driving force for the growing demand of the gas detection systems. Aging pipelines, being more prone to corrosion, possess a greater risk of leakage which needed to be detected immediately is propelling the demand of gas detection device. Also, the market is growing on account of strict regulations and high compensations in case of hydrocarbon spills, aging pipelines are propelling the demand for gas detection device across the globe.
Moreover, the rising popularity of miniaturization of electronic devices & components is driving the utilization of gas detector market products which are mainly consumed for integration in real-time environmental monitoring systems across several industry verticals. Also, stringent government and industrial regulations for worker safety from gaseous and chemical emissions in the industrial area are generating several opportunities for market growth in recent years. Harmful impacts of gases from manufacturing activities that include respiratory diseases and other health problems create the need to deploy detecting systems that further increase the gas sensing component consumption. In addition, growing technological advancement as innovators curiously focusing on the future based device development is another driver surging the growth of gas detection device market over the forecast period.
Global Gas Detection Device Market Product Type Analysis
Global Gas Detection Device Market is segmented depending upon product type into a portable gas detector and fixed gas detector. The fixed gas detector segment holds the leading share in the overall gas detection equipment market owing to its usage in a residential application and industrially fixed type gas detector application which includes SCADA monitoring. However, the portable detector segment is anticipated to surpass in terms of growth rate over the forecast period. The portable gas detector is battery operated devices usually worn on belt or harness to monitor the atmosphere around workers and transmit warnings using audible and visual signals whereas fixed gas detectors are used for detecting one or more gas and are mounted in the processor plant area or household sector.
Global Gas Detection Device Market Application Analysis
Based on the end users application, Global Gas Detection Device Market is segmented in various sectors such as Oil and Gas, Chemicals, Electronics, Mining, Water Treatment, Emergency Services, Building Automation and Construction, Food and Beverages, Power Generation/Utilities. The global gas detecting device market for the oil & gas industry holds the lion market share during the forecast period as a result of increasing oil & gas projects, replacement of obsolete sensors of oil & gas industries from emerging economies. Nevertheless, gas detecting devices are widely used in underground gas storage. Moreover, the growing gas supply network is spurring the demand in this segment. Furthermore, the increasing range of gas field explorations and widening gas providing network has been fuelling the demand for gas leak detecting devices. Additionally, active government organizations have been imposing safety regulations on the industries which in turn, have propelled the demand for gas detecting device during the recent years.
Global Gas Detection Device Market Regional Analysis
Geographically, the Global Gas Detection Device Market is divided into North America, Europe, Asia Pacific, Latin America and the Middle East and Africa. North America is expected to hold the leading position in the gas detection device market during recent years owing to the stringent government regulations for workplace safety in countries. Also, the industries of the region are a major reason for North America’s high market share. Moreover, industrial development and increasing environmental concerns have led to increasing safety precautions being implemented in the region that in turn creates the opportunity of market expansion. However, the Asia Pacific region is anticipated to surpass the leading growth rate in terms of the value of the global gas detection device market over the forecast period.
Global Gas Detection Device Market Competitive Landscape
Key companies operating in the gas detection equipment market are Drägerwerk AG & Co., ESP Safety Inc., Troloex Ltd., Industrial Scientific Corp. MSA Safety Inc., Sensidyne, RAE Systems Inc., GE Measurement & Control Solution, Schauenburg Group, Honeywell International Inc., Siemens AG, Riken Keiki Co. Ltd., and SE Electronics. Acquisitions, mergers, and new product developments are key strategies used by key participants to improve their competitiveness and to cater customer bases in the global market.
Objective of the Study:
To analyze and forecast
To examine the careful
market segmentation and forecast the market size, in terms of value, on the
premise of the region by segmenting global gas detection device market into 5
regions, namely, North America, Europe, Asia Pacific, Middle East and Africa.
To outline, categorized and
forecast the global gas detection device market on the premise of product type,
gas type, technology and application.
To examine competitive
developments like expansions, technological advancement, services, and
regulative framework within the global gas detection device market.
To identify the drivers and
challenges for global gas detection device market.
To spot the profile of
leading players, that area unit concerned within the producing and provide off
global gas detection device market.
Key Target Audience:
Market research and consulting firms
Global gas detection device manufacturers
Research organizations and consulting companies
Global gas detection device market suppliers
Scope of the Report
By Product Type
Fixed Gas Detection Device
Portable Gas Detection Device
By Gas Type
Single Gas Detection
Multi Gas Detection
Oil & Gas
Building Automation and Construction
Food and Beverages
In addition, the report provides analysis of the gas detection device market with respect to the following geographic segments:
Asia Pacific (APAC)
Business Questions answer by the report
How will the market drivers, restraints and
opportunities affect the market dynamics?
What will be the market size in terms of value
and volume and market statistics with detailed classification
Which segment dominates the market or region and
one will be the fastest growing and why?
A comprehensive survey of the competitive
landscape and the market participant players
Analysis of strategy adopted by the key player
and their impact on other players.
Customization Scope for the Client
Client satisfaction is our first and last priority. And that’s why BlueWeave Consulting offers customization according to Company’s specific needs. The following customization options are available for the report:
Additional Company Information
With five additional company detail analysis.
Additional country analysis.
Detailed segment analysis.