New York, NY, June 03, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Gas Detection Equipment Market by Product Type (Portable Gas System and Fixed Gas System), by Gas Type (Flammable, Oxygen, and Toxic), by Technology Type (Single-Gas Detection and Multi-Gas Detection), and By End-Use (Food & Beverages, Oil & Gas, Mining, Chemicals & Specialty Chemicals, Emergency Services, Water Treatment, Power Generation/Utilities, Building Automation & Construction, Semiconductors, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global gas detection equipment market accounted for USD 2,870 million in 2018 and is expected to reach USD 3,890 million by 2025, at a CAGR of 5.2% between 2019 and 2025.
Gas detector equipment is used frequently as a part of the safety system for detecting the existence and leak of several gases in an area. Gas detector equipment is interconnected to a control system to ring an alarm to workers in case of gas leaks, for evacuating the area and automatically shutting down the working process.
Browse through 140 Tables & 35 Figures spread over 110 Pages and in-depth TOC on “Global Gas Detection Equipment Market: By Type, Size, Share, Industry Trends, Analysis and Forecast, 2018–2025”.
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The rising global demand for workers safety in plants is the primary factor fueling the global gas detection equipment growth. The global gas detection equipment market is anticipated to grow notably in the future, owing to the rising product demand due to the huge rise in the demand for plant safety. The increasing demand for gas monitoring amenities to detect the presence of hazardous gases is also expected to witness constant gas detector equipment market growth, particularly in the industrial segment, within the forecast time period. However, the slowdown in the growth of manufacturing, industrial, and construction industries may hamper the growth of the gas detection equipment market globally in the future. Alternatively, the escalating demand for safety in medical and household sectors in emerging countries, such as India and China, is likely to create new opportunities for the major market players.
The global gas detection equipment market is mainly fragmented into product type, gas type, technology type, and end-use. On the basis of product type, the global gas detection equipment market includes portable gas system and fixed gas system. The fixed gas system segment dominated the global market and accounted for a significant share in 2018. On the basis of gas type, the global gas detection equipment market includes flammable, oxygen, and toxic. By technology type, the global gas detection equipment market is bifurcated into single-gas detection and multi-gas detection. The application segment of the market comprises food and beverage, oil and gas, chemicals and specialty chemicals, mining, emergency services, water treatment, power generation/utilities, building automation and construction, semiconductors, and others.
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In 2018, North America was the largest gas detection equipment market, due to the mandatory government regulations, such as compulsory adoption of carbon monoxide (CO) gas leak detector in each and every home across the region. North America is a well-matured market, as gas detection equipment used in the advanced safety systems in several end-use industries. Installation of advanced safety systems has been made compulsory owing to government regulations in the U.S., Canada, etc. The rising awareness about the hazardous effects of carbon monoxide (CO) from the U.S. consumer product safety commission (CPSC) and national fire protection association (NFPA) is further propelling the North American market. Moreover, the region’s rising number of industrial activities is witnessing astronomical growth due to the increasing use of gas detection equipment by various end-use industries.
Europe was another important gas detection equipment market in 2018, owing to the stringent regulations enforced by regulatory bodies for ensuring the safety of plants and workers. Gas detector equipment is being utilized in many European countries, such as UK, Germany, France, Italy, Russia, etc. In terms of end-user industries, chemicals, oil and gas, petrochemicals, and water and wastewater treatment are the key industries that generate the highest revenue for gas detection equipment in the region.
Browse the full “Gas Detection Equipment Market by Product Type (Portable Gas System and Fixed Gas System), by Gas Type (Flammable, Oxygen, and Toxic), by Technology Type (Single-Gas Detection and Multi-Gas Detection), and By End-Use (Food & Beverages, Oil & Gas, Mining, Chemicals & Specialty Chemicals, Emergency Services, Water Treatment, Power Generation/Utilities, Building Automation & Construction, Semiconductors, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/gas-detection-equipment-market
The Asia Pacific gas detection equipment market is anticipated to be the fastest growing region over the next few years, owing to the increasing demand for gas detection equipment, especially from food and beverage, oil and gas, healthcare, dairy, and chemical industries. China and India are the major countries in the region, owing to the adoption of international safety standards and practices in the flourishing industrial sectors.
Latin American and the Middle Eastern and African regions are projected to experience notable progress in the gas detection equipment in the years ahead, owing to significant investments made by the international companies for gas detection equipment projects in these regions. Improving economic conditions are also expected to boost the market. Governments of Brazil, Argentina, South Africa, the UAE, Qatar, Kuwait, and Iran are promoting the use of technology in various end-use industries, which will further fuel the growth of the gas detection equipment market in the forthcoming years.
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The major players of the global gas detection equipment market are Industrial Scientific Corporation, MSA Safety, Drägerwerk, Honeywell International, Riken Keiki, General Electric, Siemens, Thermo Fisher Scientific, RAE Systems, Emerson Electric, Sensor Electronics, ESP Safety, Airtest Technologies, Tyco International, and Trolex.
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This report segments the global gas detection equipment market into:
Global Gas Detection Equipment Market: Product Type Analysis
- Portable Gas System
- Fixed Gas System
Global Gas Detection Equipment Market: Gas Type Analysis
- Flammable
- Oxygen
- Toxic
Global Gas Detection Equipment Market: Technology Type Analysis
- Single-Gas Detection
- Multi-Gas Detection
Global Gas Detection Equipment Market: End-Use Analysis
- Food and Beverages
- Oil and Gas
- Mining
- Chemicals and Specialty Chemicals
- Emergency Services
- Water Treatment
- Power Generation/Utilities
- Building Automation and Construction
- Semiconductors
- Others
Global Gas Detection Equipment Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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