Pulished Date August, 2019
ID: 8694
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Gas Detection Equipment Market By Product (Portable Gas System, Fixed Gas System), By Gas Type (Flammable, Oxygen, Toxic), By Technology (Single-Gas Detection, Multi-Gas Detection), By End User (Food and Beverages, Oil and Gas, Mining, Chemical and Specialty Chemicals, Emergency Services, Water Treatment, Power Generation, Building Automation and Construction, Semiconductors, Others) and Region- Analysis, Size, Growth, Investment and Forecasts (2018-2023)

Pulished: August, 2019
ID: 8694
Pages: 175

MARKET OVERVIEW:

Gas detector equipment is frequently used to detect the presence and leakage of several substances in a region as a portion of the safety scheme. Gas detector gear is interconnected with a control system to alert employees in the event of gas leakage, to evacuate the region and to shut down the method automatically. The gas tracking device can recognize environmentally damaging gasses and lift an alert to avoid crashes. Government bodies and organizations from the sector have developed laws that companies must conform to in order to preserve a safe working atmosphere.

RECENT DEVELOPMENTS:

In November 2017 Honeywell announced a fresh linked gas sensor intended to maintain manufacturing activities secure while rendering installation, servicing and enforcement tracking quicker and simpler by leveraging Bluetooth connectivity. The fresh set gas sensor Sensepoint XRL tracks manufacturing activities for dangerous substances, such as coal monoxide or methane.

In July 2019 in relation to the current air sulfide monitoring capacity, Emerson has launched two fresh Rosemount 628 Universal Gas Sensors, which can be monitored using the Rosemont 928 gas monitor system, to assess coal monoxide and oxygen depletion. The Rosemount 928 Wireless Gas Monitor is an extremely flexible device for tracking dangerous process plant circumstances, distant wellheads, pipelines, distribution terminals, and other system crops and equipment.

In October 2017 3M announced the completion of its $2.0 billion purchase of Scott Safety from Johnson Controls. Scott Safety is a leading manufacturer of innovative products, including gas and flame detection tools and other safety devices that complement 3 M's collection of private safety.

MARKET VALUE AND EXPECTED GROWTH:

The Gas Detection Equipment Market was currently valued at 2.8 Billion USD in 2018. It is expected to grow at a CAGR of 5.3% during the forecast period to reach a value of 3.6 Billion USD in 2023. In the gas type segment, flammable gas leads the segment in terms of market share. Based on End-user, Industrial (Power generation, Building Automation, and Construction) dominates the market having the highest market share. Due to compulsory public requirements, such as the mandatory implementation of carbon monoxide (CO) fuel vent sensor in each and every household across the region, North America was the biggest destination for gas detection facilities in 2018. The Asia Pacific gas detection equipment market is expected to be the fastest-growing region in the coming years due to increased demand for gas detection equipment, particularly from the food and beverage industries, oil and gas, healthcare, dairy, and chemical industries.

 

MARKET DRIVERS, RESTRAINTS AND OPPORTUNITIES:

Major factors which have helped drive the market forward are-

  • Increasing product demand due to the enormous increase in plant safety requirements
  • The growing requirement for gas surveillance equipment to identify dangerous substances
  • Increasing safety concerns in both manufacturing and business areas
  • Wireless gas detection technologies have also demonstrated enhanced safety and price benefits in oil and gas apps

The factors holding the market back include-

  • High response time of the gas detectors
  • Intense competitive market players

 

  • The sector is increasingly aware that even long-term exposed to small poisonous gas volume can adversely impact the safety of employees. Increasing security for the medical and family sectors can also provide an chance for development in the industry for petrol detector appliances.

MARKET SEGMENTATION:

  1. By Product
  • Portable Gas System
  • Fixed Gas System
  1. By Gas Type
  • Single-Gas Detection
  • Multi-Gas Detection
  1. By End User
  • Food and Beverages
  • Oil and Gas, Mining
  • Chemical and Specialty Chemicals
  • Emergency Services
  • Water Treatment
  • Power Generation
  • Building Automation and Construction
  • Semiconductors
  • Others

KEY MARKET PLAYERS:

3M, Emerson Electric, Honeywell International, MSA, Riken Keiki, General Electric, United Technologies, Robert Bosch, ESP Safety, Thermo Fisher Scientific, RAE Systems, Sensor Electronics, Airtest Technologies, Tyco International.

RESEARCH METHODOLOGY:

The research done takes place in two phases namely-

Secondary Research The first phase of the research process is an extensive secondary research and identification of the related intelligence. Secondary data is compiled from various sources. An extensive secondary research helps in generating hypothesis and identifying critical areas of interest that are investigated through primary research.

Primary Research This entails conducting hundreds of primary interviews with industry participants and commentators in order to validate the data points obtained from secondary research and to fill the data gaps. A primary interview provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc. It also helps in deciding the scope and deliverables of the study in terms of the requirement of the market. Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies.

Research Report Key Highlights:

  • Current and future market perspectives for Smart Education and Learning Market in developed and emerging markets.
  • Analyze different market perspectives using the analysis of five Porter forces
  • The segment that is expected to dominate the market.
  • Regions that are expected to grow faster during the forecast period.
  • Identify the latest developments, market shares, and strategies of key market participants.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 Product                        

                                5.1.1 Introduction           

                                5.1.2 Portable Gas System          

                                5.1.3 Fixed Gas System 

                                5.1.4  Y-o-Y Growth Analysis, By Product              

                                5.1.5  Market Attractiveness Analysis, By Product            

                                5.1.8  Market Share Analysis, By Product              

                5.2 Gas Type                     

                                5.2.1 Introduction           

                                5.2.2 Single-Gas Detection          

                                5.2.3 Multi-Gas Detection           

                                5.2.4 Y-o-Y Growth Analysis, By Gas Type             

                                5.2.5 Market Attractiveness Analysis, By Gas Type           

                                5.2.8 Market Share Analysis, By Gas Type            

                5.3 End User                      

                                5.3.1 Introduction           

                                5.3.2 Food and Beverages           

                                5.3.3 Oil and Gas, Mining             

                                5.3.4 Chemical and Specialty Chemicals 

                                5.3.5 Emergency Services            

                                5.3.6 Water Treatment 

                                5.3.7 Power Generation               

                                5.3.8 Building Automation and Construction       

                                5.3.9 Y-o-Y Growth Analysis, By End User             

                                5.3.10  Market Attractiveness Analysis, By End User        

                                5.3.11  Market Share Analysis, By End User         

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Product

                                                6.1.3.3 By Gas Type

                                                6.1.3.4 By End User

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Product

                                                6.1.4.3 By Gas Type

                                                6.1.4.4 By End User

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Product

                                                6.1.5.3 By Gas Type

                                                6.1.5.4 By End User

                6.2 North America                          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

                6.3 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy            

                                6.2.6 France       

                6.4 Asia-Pacific                 

                                6.3.1 Introduction           

                                6.3.2 China         

                                6.3.3 India          

                                6.3.4 Japan         

                                6.3.5 Australia   

                                6.3.6 South Korea           

                6.5 Latin America                             

                                6.4.1 Introduction           

                                6.4.2 Brazil          

                                6.4.3 Argentina

                                6.4.4 Mexico     

                                6.4.5 Rest of Latin America          

                6.6 Middle East & Africa               

                                6.5.1 Introduction           

                                6.5.2 Middle-East            

                                6.5.3 Africa         

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8. Market Leaders' Analysis                                        

                8.1 Honeywell International                       

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 3M                 

                8.3 MSA                              

                8.4 Riken Keiki                  

                8.5 Emerson Electric                       

                8.6 RAE Systems                              

                8.7 Robert Bosch                             

                8.8 United Technologies                              

                8.9 Sensor Electronics                   

                8.10 ESP Safety                

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities                                         

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of By Component, By Application, and along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Gas Detection Equipment Market By Region, From 2016-2021 ( USD Million )
  2. Global Gas Detection Equipment Market By Product, From 2016-2021 ( USD Million )
  3. Global Portable Gas System Market By Region, From 2016-2021 ( USD Million )
  4. Global Fixed Gas System Market By Region, From 2016-2021 ( USD Million )
  5. Global Gas Detection Equipment Market By Gas Type, From 2016-2021 ( USD Million )
  6. Global Single-Gas System Market By Region, From 2016-2021 ( USD Million )
  7. Global Multi-Gas System Market By Region, From 2016-2021 ( USD Million )
  8. Global Gas Detection Equipment Market By End User, From 2016-2021 ( USD Million )
  9. Global Food and Beverages Market By Region, From 2016-2021 ( USD Million )
  10. Global Oil and Gas, Mining Market By Region, From 2016-2021 ( USD Million )
  11. Global Chemical and Specialty Chemicals Market By Region, From 2016-2021 ( USD Million )
  12. Global Emergency Services Market By Region, From 2016-2021 ( USD Million )
  13. Global Water Treatment Market By Region, From 2016-2021 ( USD Million )
  14. Global Power Generation Market By Region, From 2016-2021 ( USD Million )
  15. Global Building Automation and Construction Market By Region, From 2016-2021 ( USD Million )
  16. Global Semi-Conductors Market By Region, From 2016-2021 ( USD Million )
  17. Global Others Market By Region, From 2016-2021 ( USD Million )

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