A gas detector is a device that detects the presence of gases in an area, often as part of a safety system. This type of equipment is used to detect a gas leak and interface with a control system so a process can be automatically shut down. Gas detectors measure and indicate the concentration of certain gases in an air via different technologies.
In 2015, major demand is expected to account 32.61% from USA in the global gas leak detector market, driven by increasing demand for replacement and occupational safety regulations. Other major demand is expected from emerging markets of Europe and contributed total 28.38 percent. China is occupied 18.11% market in gas leak detector industry, and will increase stably.
As of 2015, the Industrial application segment of the gas leak detector is the largest segment of the global gas leak detector market. Increased activity in the oil and gas and petrochemical sectors, together with improved regulatory compliance, is boosting revenues in the otherwise mature and slow-growing global gas detection market. On the other hand, the market value accounted in the year 2015 by the building automation application segment is approximately 12.72% of the consumption volume.
There is an increase in awareness among the industry that even a long term exposure to low concentration of toxic gases can adversely affect workers health. Furthermore, increase in safety for medical and household sector can provide an opportunity for gas detector equipment market growth. A positive outlook on growth of high end manufacturing industries such as aerospace and automobiles and demand from emergency response systems are expected to further augment gas detector equipment market growth.
According to this study, over the next five years the Gas Detectors market will register a 5.0% CAGR in terms of revenue, the global market size will reach US$ 3240.9 million by 2024, from US$ 2541.8 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Gas Detectors business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Gas Detectors market by product type, application, key manufacturers and key regions and countries.
This study considers the Gas Detectors value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Fixed Gas Detectors
Portable Gas Detectors
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Oil and Gas
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Middle East & Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
New Cosmos Electric
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global Gas Detectors consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Gas Detectors market by identifying its various subsegments.
Focuses on the key global Gas Detectors manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Gas Detectors with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Gas Detectors submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.