Fixed Gas Detection Equipment: Introduction
- Gas detectors are the products which identify the presence of gas in working areas. Gas detectors are of two types: portable and fixed. Fixed type gas detectors can measure one or more type of gas. It is used near the control room or process area of plants or in the residential sector. Fixed type gas detectors are mostly used in industries and is attached with a sensor and tripping lock in case of emergency.
- In fixed gas detectors, sensors are permanently connected to a controller or transmitter in the device. They are often used for constant monitoring to ensure safety of people, equipment, and facilities. Fixed gas detectors do not require continuous human monitoring and require a separate power source to operate.
- The fixed gas detection equipment market is expected to expand during the forecast period due to growth in end-use industries and advancement in technology.
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Key Drivers, Restraints, and Opportunities of the Global Fixed Gas Detection Equipment Market
- Gas detection equipment are used to create a safe environment for workers. Government and industrial regulations have become stringent toward work place safety and health of employees. Regular maintenance of gas detectors and increasing awareness among organizations is expected to fuel the market during the forecast period.
- Shale gas exploration across all continents is likely to increase the demand for fixed gas detection equipment. It is now possible to identify multiple gases using the same device due to technological advancements. Change in the gas detector reading can be identified through certain applications, and operations have become convenient. Educating the workers to operate the product correctly is important to avoid safety failures.
- Many players are investing in R&D to come up with more efficient and advance technology detectors. Technological advancement by global leaders is anticipated to have a positive impact on the fixed gas detection equipment market. However, technology enhancement is also likely to lead to increase in cost which may act as a restraint to the market.
- Considering all these factors, the global market for fixed gas detection equipment is projected to rise substantially during the forecast period.
Asia Pacific to Dominate the Global Fixed Gas Detection Equipment Market
- In terms of region, the global fixed gas detection equipment market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
- Asia Pacific is likely to witness the maximum demand for fixed gas detection equipment from 2019 to 2027 due to growth in the oil & gas sector and Greenfield projects. Major manufacturers have been investing heavily in developing economies. Leading manufacturers of fixed gas detection equipment have extensive distribution networks along with deep product penetration.
Key Manufacturers Operating in the Market
The global fixed gas detection equipment market was highly fragmented in 2018. Key manufacturers operating in the global market are:
- Drägerwerk AG & Co. KGaA
- MSA Safety Inc.
- Honeywell International Inc.
- Emerson Electric Co.
- RIKEN KEIKI Co., Ltd.
- Industrial Scientific
- Sensor Electronics Corporation
- Trolex Limited
- SENSIT Technologies
- ESP Safety INC.
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Global Fixed Gas Detection Equipment Market: Research Scope
Global Fixed Gas Detection Equipment Market, by Type
- Single gas detector
- Multi gas detector
Global Fixed Gas Detection Equipment Market, by Gas
- Combustible gas
- Toxic gas
- Flammable gas
- Others (Hazardous gas, Hydrocarbons, etc.)
Global Fixed Gas Detection Equipment Market, by Distribution Channel
Global Fixed Gas Detection Equipment Market, by Application
- Oil & Gas
- Food & Beverages
- Water Treatment
Global Fixed Gas Detection Equipment Market, by Region
- North America
- Russia & CIS
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.