The report on global gas detection equipment market provides qualitative and quantitative analysis for the period of 2016 to 2024. The report predicts the global gas detection equipment market to grow with a CAGR of 5.4% over the forecast period of 2018-2024. The study on gas detection equipment market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific and RoW for the period of 2016 to 2024.
A gas detector is a device that detects the presence of gas in the specific area as a part of safety system. Gas detection equipment is mainly used to detect gas leak with a control system so the process of gas detection can be automatically shut down. These detectors use wireless technology such as Bluetooth, WI-Fi, Wi-MAX, and ZigBee to connect to a smartphone, tablet, or desktops. The basic principle of this equipment is to identify the presence of harmful gases in the environment and raise an alarm to prevent accidents. In addition, gas detectors are mostly battery operated devices and are found in commercial spaces for safety purpose. Applications can be found in refineries, industrial plants, automobiles, wastewater treatment facilities, and household activities.
Rising safety concerns in industrial as well as commercial spaces are the major factors driving the growth of the gas detection equipment market. In addition, wireless gas detection systems have also proven themselves in oil and gas applications to provide increased safety and cost savings in exploration, refining, plant improvements, and retrofits. This in turn is anticipated to drive the gas detection equipment market over the forecast period. However, high response time of the gas detectors with the change in the concentration of the gas and intense competitive market players are the factors hampering the growth of the gas detection equipment market over the years to come.
Furthermore, increase in demand to detect gases and safety for medical and household sector are anticipated to provide huge growth opportunities for the key players in the gas detection equipment market. On the other hand, smart gas detectors are being manufactured by focusing on development of innovative wireless technology and rapid integration of big data and artificial intelligence. For instance the application in remote monitoring are Network capable application Processor that is connected only to sensor smart transducer interface module that can perform remote process such as monitor the temperature of a water bath in a chemical processing plant through the Internet .This in turn has opened several doors of opportunity for the growth of gas detection equipment market over the upcoming years.
Among the geographies, Asia Pacific dominated the global gas detection equipment market followed by North America. The growth in North America is mainly due to the government regulations concerning workplace safety. Moreover, countries like India and china are anticipated to show rapid increase in demand owing to the rise in number of investment in chemical, petrochemical, power, steel and oil & gas sectors. On the other hand, tremendous infrastructure development undertaken by the developing economies such as Middle East, India and Brazil are expected to drive the gas detection equipment market in the near future.
The prominent players identified in the gas detection equipment market are Honeywell Analystics, Sierra Monitor Corporation and General Monitors. In addition, Honeywell Analytics manufactures a full and comprehensive range of products has set a benchmark for the industry in terms of quality, functionality, and ease of use.
The report on gas detection equipment market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global gas detection equipment market over the period of 2016 to 2024. Moreover, the report is collective presentation of primary and secondary research findings.
Porter’s five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the global gas detection equipment market over the period of 2016 to 2024. Further, IGR- Growth Matrix given in the report brings an insight on the investment areas that existing or new market players can consider.
A) Primary Research
Our primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached through
1. Key Opinion Leaders associated with Infinium Global Research
2. Internal and External subject matter experts
3. Professionals and participants from LinkedIn, Hoovers, Factiva and Bloggers
Our primary research respondents typically include
1. Executives working with leading companies in the market under review
2. Product/brand/marketing managers
3. CXO level executives
4. Regional/zonal/ country managers
5. Vice President level executives.
B) Secondary Research
Secondary research involves extensive exploring through the secondary sources of information available in both public domain and paid sources. At Infinium Global Research, each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources.
The secondary sources of the data typically include
1. Company reports and publications
2. Government/institutional publications
3. Trade and associations journals
4. Databases such as WTO, OECD, World Bank, and among others.
5. Websites and publications by research agencies
The global gas detection equipment market is segmented on the basis of sensor type, end-use industry and power source.
Global Gas Detection Equipment Market by Sensor Type
? Infrared Sensors
? Electrochemical Sensors
? Metal Oxide Semiconductor (MOS) Sensors
Global Gas Detection Equipment Market by End-use Industry
? Oil & Gas
? Water Treatment
? Building Automation And Construction
? Power Generation/Utilities
Global Gas Detection Equipment Market by power Source
? battery-powered Gas Detectors
? Hardwired Gas Detectors With Backup Batteries
? Hardwired Gas Detectors Without Backup Batteries
? Honeywell International Inc
? Siemens AG
? Riken Keiki Co. Ltd
? SE Electronics
? GE Measurement & Control Solution
? Schauenburg Group,
? RAE Systems Inc
? Industrial Scientific Corp
? Troloex Ltd
? ESP Safety Inc
How this report delivers?
1. Comprehensive analysis of global as well as regional markets of gas detection equipment market.
2. Complete coverage of all the segments in gas detection equipment market to analyze the trends, developments in the global market and forecast of market size up to 2024.
3. Comprehensive analysis of the companies operating in global gas detection equipment market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.
4. IGR- Growth Matrix presents analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.