Overview:

Gas detector equipment is a key device which is primarily used to detect the presence of gasses, frequentlyfor the safety systems. This equipment is also used to identify leakage or emissions of the gases and can interface along with the control system in order to shut the process automatically. The gas detector will sound warning to workers in the field where the leak occurs, allowing them the chance to leave.

Market Dynamics:

Growing adoption of gas detection equipment’s, owing to stringent regulations associated with the environment safety, labor state, and VOC emission across the globe is major factor driving growth of the global market. Addition to this increasing use of these equipment’s in the various end use industries including food and beverage, oil and gas, chemical and mining is another factor expected to boost growth of the target market in the near future. Also, technological advancements in the gas detection equipment’s in order to surgery its product efficiency is anticipated to boost growth of the global market over the forecast period.

Key Trends:

Key players operating in the global gas detector equipment market are mainly focusing on merger acquisition like strategic partnerships, innovation launches of the products and the facility expansions in order to fortify their position in the global market. For instance, in March 2018, Honeywell International Inc. has signed an agreement with the Саrdіnаl Міdѕtrеаm. The main motive behind this partnership is to provide mоdulаr сrуоgеnіс еquірmеnts for the natural gas processing in the U.S. 

Regional Analysis:

For detailed understanding of market dynamics, the global marketis analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America region accounted for the largest share in terms of revenue in 2018. This is attributed to the associate government initiatives in order to promote the shale gas industry in North America region. The market in Asia Pacific is the expected to register significant CAGR during the forecast period, owing to business favorable environment and potential opportunities in the countries especially in the China of the region.

Scope of the Report:

Detailed Segmentation:

Global Gas Detector Equipment Market, By Sensor Type

• Ultrаѕоnіс sеnѕоr
• Еlесtrосhеmісаl gаѕ ѕеnѕоrѕ
• Іnfrаrеd ѕеnѕоrѕ
• Ѕеmісоnduсtоr ѕеnѕоrѕ
• Оthеr tуреѕ

Global Gas Detector Equipment Market, By Product

• Fixed gas detector
• Portable gas detector

Global Gas Detector Equipment Market, By Application

• Oil and gas
• Chemicals and specialty chemicals
• Mining
• Building automation and construction
• Food and beverages
• Power generation/utilities
• Other Application

Key Players Covered:           

Key players operating in the market includesESP Safety Inc., Industrial Scientific Corp., Drägerwerk AG & Co., MSA Safety Inc., Troloex Ltd., GE Measurement & Control Solution, RAE Systems Inc., Honeywell International Inc., Schauenburg Group, and Sensidyne.

Key features of the study:

Foresight Market Research provides detailed analysis on global market in our report- Global Gas Detector Market by sensor type, product, and application, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, ongoing trends, market expansion, and marketing tactics used overall the globe.