About Gas Detection Equipment
Gas detectors are safety devices used to detect and monitor the concentration and quality of gas or a mixture of gases in the air. These detectors use a control system to detect harmful gases in its immediate vicinity. They are used in industrial, commercial, and other applications. These detectors constantly analyze and monitor the level of gases in power plants and provide adequate safety for working personnel in the Petroleum, Chemicals, and Power industries.
TechNavio's analysts forecast the Global Gas Detection Equipment market to grow at a CAGR of 4.80 percent over the period 2015-2019.
Covered in this Report
The report covers the present scenario and the growth prospects of the Global Gas Detection Equipment market for the period 2015-2019. The market can be segmented into two based on technologies: Portable Gas Detectors and Fixed Gas Detectors.
TechNavio's report, the Global Gas Detection Equipment Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the APAC and EMEA regions; it also covers the Global Gas Detection Equipment market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Global Gas Detection Equipment Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Gas Detection Equipment Market: Drägerwerk AG & Co., Honeywell International Inc., Industrial Scientific Corp. and Mine Safety Appliances
Other Prominent Vendors in the market are: Airtest Technologies, Bacharach, ENMET, ESP Safety, General Electric, Mil-Ram Technology, OTIS Instruments, Sensidyne, Sensor Electronics, Siemens, Sierra Monitor, Status Scientific Controls, Thermo Fisher Scientific, TQ Environmental, Trolex and Tyco International.
Commenting on the report, an analyst from Technavio’s team said: “Advent of new technologies is one of the major trends being witnessed in the market. Vendors have increased their investment in R&D to maintain a competitive edge and gain revenue. Companies are investing in R&D to enhance their product portfolio and maintain a competitive edge. Stringent environment and safety regulations along with the promotion of alternate energy resources such as biogas, have created a need for gas detectors enabled with modern technologies such as infrared and photoionization.”
According to the report, increased safety concerns primarily drive the growth of the market. The need to provide a safe working environment and the prevention of gas leakage drives adoption by end-users. The installation of gas detectors helps reduce revenue loss and death rates during an accident in a power plant.
Further, the report states that intense competition among vendors is curtailing the growth of the market. The competition has led to price wars, price erosion, and reductions in the cost of gas detection equipment. Also, the implementation and maintenance costs of gas detection equipment have a direct influence on the pricing strategy of market vendors.
Drägerwerk, Honeywell International, Industrial Scientific , Mine Safety Appliances, Airtest Technologies, Bacharach, ENMET, ESP Safety, General Electric , Mil-Ram Technology, OTIS Instruments, Sensidyne, Sensor Electronics, Siemens, Sierra Monitor, StatusScientific Controls, Thermo Fisher Scientific, TQ Environmental, Trolex, Tyco International
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