Gas Detection Device Manufacturing
The Gas Detection Device Manufacturing industry produces detectors used to measure a number of gases, including oxygen, carbon dioxide, carbon monoxide and nitrogen oxide. The global industry is highly competitive, heavily concentrated and led by MSA Safety, the global leader in industry device production. Industry revenue has grown over the past five years, although a recent downturn in energy prices has dampened the industry's fortunes. The health of downstream markets, including the oil and gas, mining and manufacturing sectors, and level of international demand largely determine demand for industry products. The next five years are expected to be largely positive for industry manufacturers. Downstream demand from oil, gas and mining companies will grow as energy and commodity prices rise. The industry will also benefit from new regulations regarding emissions from oil and natural gas wells.
This industry manufactures gas detectors, which are used to detect the presence of gas within a particular area. These detectors are often used as a part of a broader safety system.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook