Published: Feb, 2018
The global wireless gas detection market is a highly competitive market with a large number of players, states a new research report by Transparency Market Research (TMR). The leading players in this market are depending upon technological advancements for their progress. Over the coming years, their focus is anticipated to shift towards mergers and acquisitions for regional expansion. Honeywell, Drägerwerk, Agilent Technologies, R.C. Systems, Sensidyne, Airtest Technologies, Crowcon Detection Instruments, United Electric Controls, Pem-Tech, and Otis Instruments are some of the leading vendors of wireless gas detection solutions across the world, notes the research report.
As per TMR’s estimations, the global market for wireless gas detection, which was worth US$1.13 bn in 2017, is predicted to expand at a CAGR of 9.40% over the period from 2017 to 2022 and rise to US$1.77 bn by the end of the forecast period. Oxygen, carbon monoxide, carbon dioxide, and nitrogen oxide have surfaced as the key products in this market. In terms of the region, North America has occupied the leading position in the global market at present and is projected to remain on the top throughout the forecast period. The augmenting demand for wireless gas detection solutions for real-time monitoring of gases in a number of end-use industries is the main factor that is propelling the North America market for wireless gas detection. Asia Pacific is also projected to witness a significant rise in its market for wireless gas detection in the years to come, expanding at a CAGR of 10.30% between 2017 and 2022, reports the market study.
Rising need for Constant Monitoring of Combustible Gases to Boost Growth
“The significant rise in the demand for constant monitoring of a number of combustible gases or toxic chemical agents for industrial safety and environment protection is boosting the global market for wireless gas detection,” says the author of the study. The increasing need for real-time detection of several toxic gases, such as carbon monoxide and carbon dioxide, among firefighters, equipment technicians, military men, and security personnel is likely to bolster the demand for wireless gas detection solution across the world in the near future, states the research report.
Difficulty Faced in Designing Gas Detection Systems to Hamper Market
On the other hand, the struggle faced in designing gas detection systems to meet a continuously changing industrial safety standards may impede the global wireless gas detection market to some extent. However, the rising demand for flexible and cost-efficient wireless frameworks for the recognition of toxic gases in perilous environments, especially in oil and gas drilling and exploration activities, is predicted to accentuate the market over the forthcoming years, reports the research study.
The review is based on a report by Transparency Market Research, titled “Wireless Gas Detection Market (Product Type - Oxygen, carbon dioxide, Carbon Monoxide, and Nitrogen Oxide; End User - Oil and Gas, Chemical and Petrochemicals, Government and Military, and Mining and Metals; Application - Industrial Safety, Military, and Environment Protection; Technology - Wi-Fi, Cellular, Bluetooth, and License-free ISM Band) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2022.”
- North America has occupied the leading position in the global wireless gas detection market.
- The leading players in this market are depending upon technological advancements for their progress.
The global wireless gas detection market is classified into:
By Product Type
- Carbon Dioxide
- Carbon Monoxide
- Nitrogen Oxide
By End User
- Oil and Gas
- Chemical and Petrochemicals
- Government and Military
- Mining and Metals
- Industrial Safety
- Environment Protection
- Wi-Fi, Cellular
- License-free ISM Band
- North America
- Rest Of Europe
- Asia Pacific
- Rest Of Asia Pacific
- Latin America
- Rest of South America
- Middle East & Africa (MEA)
- South Africa
- Rest of MEA
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.
US Office Contact