Published: Apr, 2018

 According to a new research report by Transparency Market Research (TMR), the competition in the global gas detectors market is significantly high. With a number of players offering differentiated products constantly, the competition within this market is likely to increase in the near future. ESP Safety Inc., Drägerwerk AG & Co., GE Measurement & Control Solution, Sensidyne, Honeywell International Inc., Trolex Ltd., Schauenburg Group, Industrial Scientific Corp., Siemens AG, MSA Safety Inc., RAE Systems Inc., Riken Keiki Co. Ltd., and Sensor Electronics are some of the leading players in this market. These players are focusing on providing additional services to their customers in order to gain an edge over their competitors. Over the coming years, they are likely to involve increasingly into strategic partnerships to reduce the competition within this market, states the research report.

Currently, the global market for gas detectors is observing a significant surge. It was worth US$3.4 bn in 2015. Over the period from 2016 to 2024, the market is expected to rise at a CAGR of 5.60% and reach a value of US$5.6 bn by the end of the forecast period. Fixed gas detector and portable gas detector are the main types of gas detectors available across the world. Among the two, the demand for fixed gas detectors is higher and the trend is expected to remain so over the next few years, reports the research study.

gas detection equipment marketIncreasing Need to Ensure Workers’ Safety to Fuel Demand for Gas Detectors

“The increasing demand for ensuring the safety of workers in various end-use industries in across the world is the main factor behind the rise of the global market for gas detectors,” says a TMR analyst. With the increasing need for monitoring chemical agents and combustible gases in the oil and gas industry, the demand for gas detection equipment is increasing, which is another important factor that is boosting this market. However, the declining profit margins of manufacturers may hamper the growth of this market in the near future, notes the market study.

North America to Remain on Top

In terms of the geography, North America has been leading the worldwide market for gas detectors and it is driven by the increasing uptake of these detectors in government institutions. However, the market in Asia Pacific is anticipated to register its growth at a higher pace in the near future, thanks to the increasing uptake in gas exploration projects, reports the research study.

The review is based on a report by Transparency Market Research (TMR), titled “Gas Detection Equipment Market (Product Type - Fixed Gas Detector and Portable Gas Detector; Technology - Single Gas and Multi Gas; Type of Gas - Combustible, Toxic, Oxygen, and Dedicated; End-use Industry - Oil and Gas, Mining, Industrial, Building, and Automation; Sensor Technology - Electrochemical, Infrared, Metal Oxide, Catalytic, and Zirconia) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024.”

The global gas detection equipment market is segmented as:

By Product Type

  • Portable Gas Detector
  • Fixed Gas Detector

By Gas Detection Technology

  • Single Gas
  • Multi Gas

By Type of Gas

  • Combustible
  • Toxic
  • Oxygen
  • Dedicated

By End-use Industry

  • Oil and Gas
  • Mining
  • Industrial
  • Building Automation
  • Others

By Sensor Technology

  • Electromechanical
  • Infrared
  • Metal Oxide
  • Catalytic
  • Zirconia
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • The UK
    • Germany
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • Japan
    • India
    • South Korea
    • Rest of APAC
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Rest of South America

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