Global Gas Detector Market 2017-2021
About Gas Detector
A gas detector is a safety device used for detecting the presence of harmful gases. It has an alarm to alert people to evacuate a building. Based on product type, the global gas detector market is segmented into two categories including portable gas detectors and fixed gas detectors. Fixed gas detectors accounted for a higher market share in 2016. However, portable gas detectors will gain market share during the forecast period due to its quality and flexibility.
Technavio’s analysts forecast the global gas detector market to grow at a CAGR of 4.76% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global gas detector market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Gas Detector Market 2017-2021
Technavio recognizes the following companies as the key players in the global gas detector market: BRK Brands, Honeywell International, Kidde, Robert Bosch, and Siemens.
Other Prominent Vendors in the market are: AirTest Technologies, Drägerwerk, Emerson Electric, ESP Safety, GasTech Australia, Mircom, System Sensor, and Universal Security Instruments.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increase in demand for smart gas detectors. Growing advancement in technology including AI and Internet of things (IoT) enables the increasing demand for smart gas detectors. Smart gas detector has become a trend as it has low maintenance and additional features that benefit the customers. For instance, Universal Security Instruments provide a product called USI electric hardwired 2 in 1 carbon monoxide (CO) and natural gas smart alarm with battery backup.”
According to the report, one driver in the market is innovation in technology leading to product premiumization. Major companies in the gas detector market are coming up with innovative technologies including portable gas detectors, which are easy to use and calibrate. These portable gas detectors are made for detecting more than two toxic gases such as hydrocarbons, CO, hydrogen sulfide, and SO2. GasTech Australia has launched GX-6000 that can monitor up to six gases at a time. It can also work as a photoionization detector and has sensors to detect toxic gases. Another gas detector is Millennium ST toxic gas detector from Emerson.
Further, the report states that one challenge in the market is increasing price wars among the established vendors. Intense competition among the vendors is hindering the growth of the market. Competition among vendors is leading to price wars, reduction in the cost of gas detection equipment, and price erosion. Implementation and maintenance costs of gas detectors influence the pricing strategy of vendors. For instance, First Alert PRC710B Low Profile 10 Year Sealed Lithium Battery Operated Photoelectric Smoke and CO Alarm from BRK Brands costs $36 and a similar product Worry-Free Kitchen Sealed Lithium Battery Power Smoke/CO Alarm from Kidde costs $52.
BRK Brands, Honeywell International, Kidde, Robert Bosch, Siemens, AirTest Technologies, Drägerwerk, Emerson Electric, ESP Safety, GasTech Australia, Mircom, System Sensor, and Universal Security Instruments.
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