About Wireless Gas Detection
Wireless gas detectors identify and monitor gas leaks, toxic gases, and oxygen levels. In case of gas detection, these devices output an electronic signal to a dedicated gas system, centralized controller, programmable logic controller (PLC), or control room that sets off an alarm or guides corrective action. The global wireless gas detection market covers hardware, software, and related services, such as installation and maintenance. The hardware products include gas detection sensors, gas monitors, single and multi-gas detectors, and leak detectors. The software comprises solutions that help in real-time toxic gas detection and triggering alarm systems. The exclusions in this market include flame detectors, associated equipment, and other devices that are used in gas detection.
Technavio’s analysts forecast the global wireless gas detection market to grow at a CAGR of 5.97% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global wireless gas detection market for 2017-2021. 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 Wireless Gas Detection Market 2017-2021
Technavio recognizes the following companies as the key players in the global wireless gas detection market: Drägerwerk, Honeywell, Johnson Controls, MSA, and United Electric Controls.
Other Prominent Vendors in the market are: Crowcon Detection Instruments, Pem-Tech, Sensidyne, Siemens, and UNITED TECHNOLOGIES.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is mergers and acquisitions. Mergers and acquisitions (M&A) and related market alliances and partnerships are the trends that will gain considerable momentum during the forecast period. The key vendors in the global gas detection market are focusing on sustaining their competitive edge in the market through enhancing their market presence. Increased investments in new avenues of technology also play a significant role in business development. Many vendors are focusing on diversifying their existing product portfolio through M&A.”
According to the report, one driver in the market is growing investments in oil and gas pipeline projects. The growing number of oil and gas pipeline projects is providing the growth momentum for the global wireless gas detection market. The oil and gas industry, which is the key end-user in this market, is experiencing considerable growth in EMEA. The import and export from LNG and other gas plants has increased due to high demand. This is mainly supported by the shift toward gas production activities by the oil production companies, as it is providing more yield than oil. The shale gas production is the major driving factor for the installation of new pipelines in the US. Apart from US, the other countries like Iran, Nigeria, Indonesia, India, and Russia are implementing key and mega projects with significant investments, which will positively impact the adoption of latest wireless gas detection products.
Further, the report states that one challenge in the market is malfunctioning and maintenance issues enhance operational expenditure. The wireless gas detection market includes products like sensors, monitors, leak and gas detectors. Malfunctioning of such products can lead to faulty alarms, thus hampering industrial operations. This also affects the productivity and adds to the operational expenditure. Taking predictive measures to arrest this malfunctioning of devices will ensure reduction in safety issues. For instance, in 2016, nearly 3.6 million units of smoke and gas detectors have been recalled in the US due to the anticipated risk that it could malfunction, which, in turn, can result in serious accidents. Such types of products in the plant will increase the service costs and additional maintenance costs to the end-user industry.
Drägerwerk, Honeywell, Johnson Controls, MSA, and United Electric Controls, Crowcon Detection Instruments, Pem-Tech, Sensidyne, Siemens, and UNITED TECHNOLOGIES.
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