Global Gas Detection Equipment Market to Reach US$ 5,537.56 Mn by 2026: Transparency Market Research

Gas Detection Equipment Market (Product Type – Fixed Gas System, Portable Gas System; Gas Type – Oxygen, Flammable, Toxic; Technology – Single Gas Detection, Multi Gas Detection; Industry Vertical- Oil and Gas, Chemicals and Specialty Chemicals, Mining, Water Treatment, Emergency Services, Semiconductors, Building Automation and Construction, Food and Beverages, Power Generation/Utilities) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026

ALBANY, New York, June 28, 2018 (GLOBE NEWSWIRE) — According to a new report titled ‘Gas Detection Equipment Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026,’ published by Transparency Market Research, the global gas detection equipment market is expected to reach a value of US$ 5,537.56 Mn by 2026, expanding at a CAGR of 4.7% from 2018 to 2026. Volume share of the global gas detection equipment market is expected to reach 5,435.66 thousand units by 2026, at a CAGR of 4.1%, during the forecast period. Asia Pacific held a prominent share of the Global Gas Detection Equipment Market in 2017.

Request a Brochure for Research Insights at https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=2023

Adoption of gas detection equipment has increased throughout the world due to government regulations and environmental safety and security standards implemented across applications such as emergency services, water treatment, chemicals & specialty chemicals, mining, food & beverages, power, building automation & construction, and others. Demand for gas detection equipment is also increasing in order to maintain good air quality, identify hazardous gases, especially in commercial buildings, and avoid critical incidents or situations. This is expected to drive the gas detection equipment market during the forecast period. Furthermore, rising number of distributors across regions such as Asia Pacific, Middle East & Africa, South America and North America is expected to boost the adoption of gas detection equipment during the forecast period. As such, these factors are anticipated to drive the gas detection equipment market during the forecast period. However, entry of new players in the market offering competitive prices has compelled established players to offer their products at reduced prices too, thereby hampering their profit margins, resulting in decline in investment in the market during the forecast period.

Request a PDF Sample at https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2023

Based on product type, the portable gas detection equipment segment exhibits significant growth opportunities as these detectors are light in weight and can easily be worn or attached to a belt for monitoring of the user’s breathing zone. Such features make the portable gas detector equipment segment highly attractive during the forecast period.

In terms of gas type, the toxic gas detection equipment segment is expected to maintain its leading market share owing to factors such as increasing adoption of gas detectors in shale gas exploration and rising awareness regarding risks associated with hazardous gases.

By technology, the multi-gas detection equipment segment is expected to exhibit the dominant CAGR during the forecast period as these monitors can detect different gases simultaneously and help comply with the confined space regulations and worker safety guidelines.

Download Report TOC for in-depth analysis at https://www.transparencymarketresearch.com/report-toc/2023

The gas detection equipment market in Asia Pacific is expected to expand at a higher CAGR compared to other regions due to estimated increase in the number of Greenfield projects in the region during the forecast period. The gas detection equipment market in China is expected to reach a value of US$ 677.0 Mn by 2026, expanding at a CAGR of 6.2% during the forecast period. This can be ascribed to the increase in adoption of gas detection equipment across industries in the country for providing safety to the workforce. Furthermore, rise in investment across countries is driving the market for gas detection equipment in Asia Pacific. Technological advancements and new advanced products introduced by gas detection equipment companies are also expected to boost the demand for the product from various industries and applications across the Asia Pacific region.

In terms of industry vertical, the mining and oil & gas segments collectively held a prominent share of around 25.9% of the global gas detection equipment market in 2017. Adoption rate of gas detectors is high in marine applications due to regulations and policies associated with the safety of workers. Moreover, rise in the number of gas detection device manufacturers and distributors across developing countries such as India and China is anticipated to boost the demand for gas detection equipment. These factors are expected to drive the gas detection equipment market between 2018 and 2026.

Request for Discount on this Report at https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=2023

Companies in the gas detection equipment market are focusing on achieving sustainable growth by providing value-added services to customers. The company profile section of the report includes company overview, major business strategies adopted by the companies, and their recent key developments. Key players profiled in this report include Riken Keiki Co., Ltd, Industrial Scientific Corporation, Drägerwerk AG & Co. KGaA, MSA SAFETY INCORPORATED, Siemens AG, Honeywell International Inc., RAE Systems Inc., General Electric Co., Emerson Electric Co., Thermo Fisher Scientific Inc., ESP Safety Inc., Sensor Electronics, Trolex Ltd, Tyco International, and Airtest Technologies.

Request for Customization Report at https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=2023

Global Gas Detection Equipment Market, by Product Type

  • Fixed Gas System
  • Portable Gas System

Global Gas Detection Equipment Market, by Gas Type

  • Oxygen
  • Flammable
  • Toxic

Global Gas Detection Equipment Market, by Technology Type  

  • Single-gas Detection
  • Multi-gas Detection

Global Gas Detection Equipment Market, by End-use

  • Oil & Gas
  • Chemicals & Specialty Chemicals
  • Mining
  • Water Treatment
  • Emergency Services
  • Semiconductors
  • Building Automation & Construction
  • Food & Beverages
  • Power Generation/Utilities
  • Others

Global Gas Detection Equipment Market, by Geography

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • U.K.
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific (APAC)
    • India
    • China
    • Japan
    • Rest of Asia Pacific
  • Middle East & Africa (MEA)
    • GCC
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Rest of South America

 Popular Research Reports by TMR:

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

Contact

Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY – 12207
United States
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
Research Blog: http://www.techyounme.com/