Stringent government regulations encouraging occupational health and safety are instrumental in driving demand for gas detection equipment worldwide. Growing demand for portable/wireless gas detectors has provided the much required impetus to the market growth. In addition, technological advancements have led to the development of compact gas detector systems and have simplified the fabrication/integration process. The introduction of ultrasound gas detectors and natural gas detectors represent positive outlook for the market growth in commercial and residential applications. All these factors are expected to collectively contribute towards a compounded annual growth rate (CAGR) of 6.2% during the forecast period 2016 – 2023. The global gas detection equipment market is expected to reach US$ 3.70 Bn by 2023.
Report Scope
This report analyzes the global gas detection equipment market in terms of product type, end-use application, and geography. On the basis of product type, the market is segmented into fixed gas detection equipment and portable gas detection equipment. Similarly, on the basis of end-use application, the global market for gas detection equipment is further classified into industrial (oil and gas, manufacturing, mining, utilities, automotive, and semiconductor among others), commercial and residential. The geographical distribution of the global gas detection equipment market considered in this study encompasses regional markets such as North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
1.1 Report Description
Purpose of the Report
The purpose of this strategic research study titled “Global Gas Detection Equipment Market - Growth, Share, Opportunities, and Competitive Analysis, 2016 – 2023” is to offer industry investors, company executives, and industry participants with in-depth insights to enable them make informed strategic decisions related to the opportunities in the global gas detection equipment market.
Target Audience
- Industry Investors
- Gas Detection Equipment Manufacturers
- Sensor Manufacturers
- Other Component manufacturers
- Integrators and Assemblers
- Distributors
- End-users
USP and Key Offerings
The report titled “Global Gas Detection Equipment Market- Growth, Share, Opportunities, and Competitive Analysis, 2016 – 2023” offers strategic insights into the global gas detection equipment market along with the market size and estimates for the duration 2014 to 2023. The said research study covers in-depth analysis of multiple market segments based on product type, end-use, and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the leading gas detection equipment manufacturers, their SCOT (Strength, Challenges, Opportunities, and Weaknesses) analysis, market positioning, and key developments. Other in-depth analysis provided in the report includes:
- Current and future market trends to justify the forthcoming attractive markets within the gas detection equipment market
- Market fuelers, market impediments, and their impact on the market growth
- In-depth competitive environment analysis
- Value Chain Analysis
- SRC (Segment-Region-Country) Analysis
Overall, the research study provides a holistic view of the global gas detection equipment market, offering market size and estimates for the period from 2014 to 2023, keeping in mind the above mentioned factors.
