Gas Detection Equipment Market Forecast, Trend Analysis & Competition Tracking - Global Market insights 2017 to 2026

Published on : Feb-2018 | List of Tables : 74 | List of Figures : 60 | No. of Pages : 170 | Report Code : FACT460MR |

With the rise in emphasis on ensuring workers’ safety across various end-use industries worldwide has provided an impetus to adoption of several protective systems such as gas detection equipment. Several industrial standards, along with governmental norms and regulations implemented to ensure safety and health of laborers in manufacturing industries has necessitated requirement for gas detection equipment.

Manufacturers around the world are developing smart gas detection equipment by directing their focus toward implementation of innovative wireless technology, and robust integration of artificial intelligence (AI) and big data. Rapid adoption of smart gas detection equipment, which enable remote notifications, are likely to be a major factor contributing to expansion of the global gas detection equipment market in the near future. As smart gas detection equipment utilize wireless technology such as ZigBee, Wi-Max, Wi-Fi, and Bluetooth, end-users are enabled to track function of the product even from remote locations at all times. Additionally, companies producing gas detection equipment have introduced innovative concepts by focusing on the enhancement of the sensitivity & efficiency of sensors in detection of harmful gases. The highly sensitive CO and smoke detectors impart appropriate early warning, which in turn enables prompt investigation, control, and actions before thoughtful damage. Leading players in global gas detection equipment market have also been concentrating on the integration of sensors capable of detecting more than one gas.

global gas detection equipment market

A recently compiled Fact.MR research report projects a steady 5.0% CAGR, in terms of value, for the global gas detection equipment market during the period 2017 to 2026. Over 980 Mn units of gas detection equipment are pegged to be sold across the globe by 2026-end.

Market Taxonomy

Region

Type

End User

North America

Fixed

Oil & Gas

Latin America

Portable

Mining

Europe

 

Government & Military

Japan

 

Manufacturing

APEJ

 

Others

MEA

   

(Additional information, including cross-sectional data and country-wise analysis & forecast is available in the report)

North America to Dominate Global Gas Detection Equipment Market

Demand for gas detection equipment in North American industries is gaining huge traction on the back of illness caused by harmful gases such as sulfur dioxide (SO2) and carbon monoxide (CO). Governments in the region have implemented mandatory regulations regarding adoption of gas detection equipment so as to ensure health and safety of workers and employees in various manufacturing industries. North America will continue to dominate the global gas detection equipment market, in terms of value and volume.

Robust investments in research and development activities, which have driven innovation, have considerably fuelled growth of the oil & gas and manufacturing industries. This has further created demand for protective equipment such as gas detection equipment in these industries for a wide range of applications. Oil & gas and manufacturing industries will prevail as the largest end-users of gas detection equipment, in terms of value.

Although fixed gas detection equipment on the basis of type will dominate the market in terms of value, sales of portable gas detection equipment are set to register a relatively higher CAGR through 2026.

Competition Tracking

Leading manufacturers in the global gas detection market are providing additional features including modified use of sensors and multi-gas detection. Local vendors are sustaining their position in the market with the provision of products integrated with basic features at relatively lower costs. In addition, manufacturers of gas detection equipment have are collaborating with insurance companies in order to attract a larger customer base. Key players significantly contributing and underpinning growth of the global gas detection equipment market include Conspec Controls Inc., Sensidyne, LP, Global Detection Systems Corp., Analytical Technology Inc., Gas Measurement Instruments Limited., Enmet LLC., ESP SAFETY INC., Gastech Australia Pty Ltd., Trolex Ltd., Thermo Fisher Scientific Inc., General Electric Company, United Technologies Corporation, Fortive Corporation, Dragerwerk AG & Co. KGaA, MSA Safety Incorporated, Halma plc., 3M Company, RKI Instruments, Inc., and Emerson Electric Co.

Note: The insights mentioned here are of the respective analysts, and do not reflect the position of Fact.MR

Global market for gas detection equipment is mainly driven by increasing number of environmental and safety regulations worldwide. In addition, technological advancements, growing demand for gas detection equipment that are handheld and portable, and surging need for wireless gas detectors will further fuel the market growth in the near future. This report, compiled by Fact.MR, provides in-depth analysis of the global gas detection equipment market for the forecast period 2017-2026, offering key insights on the growth prospects of the market. (Fact.MR)

Scope:

The scope of the Fact.MR’s report is to analyze the global gas detection equipment market for the forecast period 2017-2026 and offer accurate and unbiased insights to the readers. Gas detection equipment manufacturers, suppliers, and stakeholders in the global industry can benefit from the analysis offered in this report.

In-depth analysis regarding the energy saving properties, usage benefits, and long-term maintenance is detailed in this report. The comprehensive study offers insights on various market drivers, trends, and challenges shaping the future of the market, serving as a platform for future study, interest and understanding for the leading industries, trade magazines and journals related to the global gas detection equipment market.

Summary:

The report introduces the current scenario of the market for gas detection equipment. The executive summary section of the report offers information regarding the future scope of the global gas detection equipment market. Brief information on the vital aspects, facts, and statistics on the global gas detection equipment market is emphasized in this section.

Overview:

This section offers an overview of the global gas detection equipment market. This section comprises definition of the product – gas detection equipment, along with key insights on dynamics playing an important role towards the growth of the market. The overview also includes market value and year-on-year growth defining the future progress and decline of the global gas detection equipment. Data on the year-on-year growth provides readers with an overall view on expected progress reshaping growth during the forecast period.

In the next section, the report provides insights on major drivers, key trends, and retrains on the basis of demand, supply and macro-economic factors. The report also talks about an impact analysis of drivers and restraints that helps in decision-making and becoming more efficient.

The report further provides information on various technological advancements in the global gas detection equipment market. Latest information and advancements regarding growth opportunities can prove to be beneficial for the leading manufacturers of gas detection equipment. With advancements in technology, keeping an eye on the latest trends and developments is important for gas detection equipment manufacturers to frame key business strategies. Key insights concerning the list of distributor, supply chain, cost structure, pricing analysis, and raw material sourcing, are also provided in this section of the report.

Considering the broad-scope of the global gas detection equipment market, the report offers in-depth insights on the forecast and segment-wise analysis. The gas detection equipment market has been segmented on the basis of end-user, type, and region. This sections offers segmentation analysis, along with a detailed country-wise forecast on all the parameters.

In the final section, the report offers information on the key competitors, along with a board view of the market players and company analysis. This competitive intelligence is based on the providers’ categories across the value chain, and their presence in the global gas detection equipment market.

Research Methodology   

Fact.MR is committed to offer unbiased and independent market research solutions to its clients. Each market report of Fact.MR is compiled after months of exhaustive research. We bank on a mix of tried-and-tested and innovative research methodologies to offer the most comprehensive and accurate information. Our main sources of research include,

  • Primary research
  • Secondary research
  • Trade research
  • Focused interviews
  • Social media analysis

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Gas Detection Equipment Market Forecast, Trend Analysis & Competition Tracking - Global Market insights 2017 to 2026