The Global Market for Gas Detection Equipment is Projected to Reach US$3.2 Billion by 2020

Increasing Number of Safety & Environmental Regulations Drive the Gas Detection Equipment Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Gas Detection Equipment market. The global market for Gas Detection Equipment is projected to reach US$3.2 billion by 2020, driven by the growing number of safety and environmental regulations worldwide.

Gas detection equipment is a major front-line system used in various industries for early detection of leakage of flammable and toxic gasses as well as vapors. The equipment is used as a safety device in industrial plants for alerting workers of potential danger of exposure to toxic gases, explosion or fire from leakage of combustible gases, and suffocation resulting from oxygen deficiency. While major traditional end-use markets include oil and gas, mining, chemical, power generation and water treatment, gas detection equipment is also finding newer applications in fire rescue and construction. Need for safety remains the overriding factor driving growth in the market.

Manufacturing companies are focusing on reducing overheads and losses caused by preventable accidents and the ensuing loss in worker productivity and additional costs in the form of compensation and penalties for non-conformance to safety standards. Poised to benefit under this scenario is demand for gas detection equipment. In addition to increased emphasis on operational safety, other factors driving growth in the market include technological advancements, sustained growth in handheld portable gas detection equipment, gains in emerging markets and growing demand for wireless gas detectors. A range of usage benefits such as compact size, simple usage, greater reliability, sensor longevity and lesser false alarms are driving popularity of handheld/portable gas detection equipment over fixed gas detection equipment. Continuous improvements in miniaturization of electronic components are enabling the development of smaller, more compact gas detector systems.

Over the years, technology developments have led to the emergence of a wide range of sensors for identifying various gases. Chemoresistive gas detection equipment is witnessing widespread commercialization as a result of simplicity in sensor fabrication and lower costs. Electrochemical detectors, in comparison, are losing popularity due to inherent drawbacks such as shorter lifetime. Other technologies such as infrared, ultrasonic and Photoionization Detector (PID) sensors are witnessing significant growth in adoption.

As stated by the new market research report on Gas Detection Equipment, the United States represents the largest market worldwide. Asia-Pacific ranks as the fastest growing market with a CAGR of 8.3% over the analysis period, led primarily by growing awareness about personnel safety and legislation of stringent safety regulations.

Major players covered in the report include AirTest Technologies, Inc., Bacharach, Inc., Drägerwerk AG & Co. KGaA, ENMET Corporation, ESP Safety, Inc., GE Measurement & Control Solutions, Honeywell Analytics, RAE Systems, Inc., Industrial Scientific Corporation, Mine Safety Appliances Company, Oldham SAS, Schauenburg International GmbH, Sensidyne, LP, Siemens AG, Status Scientific Controls Ltd., Trolex Ltd., and Scott Safety among others.

The research report titled “Gas Detection Equipment: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China and Rest of Asia-Pacific), Middle East & Africa and Latin America (Brazil and Rest of Latin America). The report also analyzes the gas detection equipment market by product segments – Fixed Gas Detection Equipment, Handheld/Portable, Gas Detection Equipment and Detector Tubes. End-use Sectors analyzed in the report include Oil & Gas, Power, Chemical, Mining & Metals, Water & Wastewater Treatment and Others.

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