Pulished Date November, 2019
ID: 8943
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Wireless Gas Detection market segmented by Technology (Bluetooth, Wi-fi, Cellar, Others), by Type (Software, Services, Hardware (Detectors/ Sensors, Monitors, Gateways, and Controllers)), by Applications (government & military, commercial buildings & public facilities, manufacturing industries, mining & metals, utilities & power generation, oil & gas, chemical & petrochemicals and others), Regional analysis- Global Industry Analysis, Forecast, Trends and Market Size Forecast| 2019 – 2024

Pulished: November, 2019
ID: 8943
Pages: 175

Recent Developments Of The Wireless Gas Detection Market:

  • Siemens, a giant in wireless gas detection market, introduced its latest wireless gas detectors in 2018 by the name of SWING.
  • With SWING, Siemens reaches new safety standards of wireless gas detection systems–integrating extremely reliable mesh infrastructure for safe wireless transmission with the unique ASAtechnologyTM for high detection accuracy and system accessibility.
  • SWING is the perfect option for halls or monuments of historical value, with textural or architectural needs, or even for temporary installations.

Wireless Gas Detection market Growth:

The Global Wireless Gas Detection market is estimated at USD 1.06 billion in 2019 and is expected to expand at a CAGR of 15.8% to reach USD 3.04 billion by 2024.

Wireless Gas Detection market Overview::

The wireless gas detection system is a tool that is used to indicate the presence of (toxic) gas in the environment. It is part of the safety system and used to identify leaks of dangerous and poisonous materials, primarily used in industries. The sensor is usually linked to a monitoring system that shuts down the processes in case of leakage or accident. Such programs allow the monitoring of real-time security and safety threats to help minimize the risk and to protect workers, suppliers, the community and business property. Wireless gas detection provides high precision, versatility, and efficiency in the discovery of gas leakage and prevents any major industrial accidents from occurring. 

Wireless Gas Detection market  Drivers And Restraints:

 Drivers: 

  • Many companies nowadays are focusing on providing safe working conditions for employees, where Wireless Gas detection system is the first step to achieve that, acting as a primary driver to the market. 
  • Easy to use technology combined with cost-effectiveness and significantly less power consumption of these devices is another driver to the wireless gas detection market. 

Restraints:

  • The development and cost of these technologies are pretty high, and it is difficult for small scale companies to keep with the competition as the market is continually evolving. So, this can act as a restraint to the wireless gas detection market. 

Wireless Gas Detection market Segmentation: 

By Technology:

Based on the Technology, the Global Wireless Gas Detection market is segmented into Bluetooth, Wi-Fi, Cellar, Others. Out of these, Wi-Fi is both the largest and the fastest-growing segment that accounted for a market share of over 45% in 2019. The section is expected to expand at CAGR of 17.2 during the forecast period of 2019 - 2024 due to the efficiency and safety offered by the Wi-Fi technology.

 By Type: 

Based on the Type, the Global Wireless Gas Detection market is segmented into Software, Services, and Hardware (Detectors/ Sensors, Monitors, Gateways, and Controllers). Of these, the Hardware segment held the majority market share in 2019, with 45%, owing to the necessity of all the essential parts that help detect the toxicity of the gas. One can always use a detector without stable software and can get away with it by using a manual controller to shut down the systems in case of any accidents. Also, the software is expected to be the fastest-growing segment with a CAGR of 19.2%, which is attributed to the technological advancements in the software.

 By Applications: 

Based on the Applications, the Global Wireless Gas Detection market is segmented into government & military, commercial buildings & public facilities, manufacturing industries, mining & metals, utilities & power generation, oil & gas, chemical & petrochemicals and others. Out of these, the oil and gas segment is the largest that accounted for nearly 40% in 2019. This is also expected to expand at CAGR of over 22.5% during the forecast period of 2019 - 2024, owing to the need to continually estimate the concentration of the toxic gasses that are released during the extraction of oil and gas. Wireless gas detectors are used in real-time detection and help to improve the efficiency of response time and reduce the potential exposure to toxic gases.

Wireless Gas Detection Market Region-wise analysis:

Based in the region, Wireless Gas Detection market can be segmented into:

  1. North America
    1. U.S
    2. Canada
  2. Europe
    1. Norway
    2. Germany
    3. Sweden
  3. Asia Pacific
    1. China
    2. India
    3. Japan
  4. Latin America and Middle East Africa
    1. Brazil
    2. Argentina
    3. Mexico
    4. Saudi Arabia

Geographically, North America is the largest regional market due to the strong presence of market leaders and the adaptation of these technologies in many companies for workers’ safety.  Also, Asia-Pacific is estimated to be the fastest-growing market, owing to its increased urbanization and increase in the number of companies, which are investing heavily to avoid accidents.

Wireless Gas Detection market Key Players:
The key players of Wireless Gas Detection market include Siemens AG, Yokogawa Electric Corporation, United Electric Control, Crowcon Detection Instruments Ltd., and Airtest Technologies Inc. Some other key Players of Market include Honeywell International Inc., Tyco Gas and Flame Detection, Gastronics Inc., Drägerwerk AG & Co. KGaA. Many of these key players focused on the technological innovations and aggressive market expansion strategies for staying ahead of competition.

Wireless Gas Detection market RESEARCH METHODOLOGY:

The research of the Wireless Gas Detection market 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.

Global Wireless Gas Detection Market Research Report Key Highlights:

  1. Evaluation of the current stage of market and future implications of the market based on the detailed observation of recent key developments.
  2. Address the matter by better understanding the market size estimates through CAGR analysis to forecast the future market.
  3. Comprehensive segmentation of the market, detailed evaluation of the market by further sub-segments.
  4. Address Market Drivers, Restraints and providing insights for gaining market share.
  5. Porter’s Five Forces are used to analyze the factors responsible for the shaping of the industry as it is as a result of competitive environment.

 

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 By Type                        

                                5.1.1 Introduction           

                                5.1.2 Software  

                                5.1.3 Services    

                                5.1.4 Hardware

                                                5.1.4.1 Detectors/Sensors

                                                5.1.4.2 Monitors

                                                5.1.4.3 Gateways and Controllers

                                5.1.5 Y-o-Y Growth Analysis        

                                5.1.6 Market Attractiveness Analysis      

                                5.1.7 Market Share Analysis       

                5.2 By Applications                         

                                5.2.1 Introduction           

                                5.2.2 government & military       

                                5.2.3 commercial buildings & public facilities       

                                5.2.4 Manufacturing industries 

                                5.2.5 Mining & metals   

                                5.2.6 Utilities & power generation           

                                5.2.7 oil & gas    

                                5.2.8 Chemical & petrochemicals              

                                5.2.9 Other Applications               

                                5.2.10 Y-o-Y Growth Analysis     

                                5.2.11 Market Attractiveness Analysis   

                                5.2.12 Market Share Analysis     

                5.3 By Technology                           

                                5.3.1 Introduction           

                                5.3.2 Bluetooth

                                5.3.3 Wi-fi           

                                5.3.4 Cellar         

                                5.3.5 Other technology 

                                5.3.6 Y-o-Y Growth Analysis        

                                5.3.7 Market Attractiveness Analysis      

                                5.3.8 Market Share Analysis       

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 Application

                                                6.1.3.3 ByType

                                                6.1.3.4 By Technology

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Application

                                                6.1.4.3 ByType

                                                6.1.4.4 By Technology

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Application

                                                6.1.5.3 ByType

                                                6.1.5.4 By Technology

                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 Leader Analysis                                           

                8.1 Siemens AG                               

                                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 Yokogawa Electric Corporation                           

                8.3 United Electric Control                           

                8.4 Crowcon Detection Instruments Ltd.                              

                8.5 Airtest Technologies Inc.                      

                8.6 Honeywell International Inc                

                8.7 Tyco Gas and Flame Detection                           

                8.8 Gastronics Inc.                          

                8.9 Drägerwerk AG & Co.                             

                8.10 KGaA                          

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
  • Segment-level analysis in terms of By Type, Function, 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 analysing 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 Wireless Gas Detection Market By Region, From 2019-2024 ( USD Billion )
  2. Global Wireless Gas Detection Market By Application, From 2019-2024 ( USD Billion )
  3. Global Government and Miltary Market By Region, From 2019-2024 ( USD Billion )
  4. Global Commercial Buildings Market By Region, From 2019-2024 ( USD Billion )
  5. Global manufacturing Industries Market By Region, From 2019-2024 ( USD Billion )
  6. Global mining and metals Market By Region, From 2019-2024 ( USD Billion )
  7. Global utilities & Power Generation Market By Region, From 2019-2024 ( USD Billion )
  8. Global Oil and Gas Market By Region, From 2019-2024 ( USD Billion )
  9. Global Chemical & Petrochemicals Market By Region, From 2019-2024 ( USD Billion )
  10. Global Other Industries Market By Region, From 2019-2024 ( USD Billion )
  11. Global Wireless Gas Detection Market By Type, From 2019-2024 ( USD Billion )
  12. Global Software Market By Region, From 2019-2024 ( USD Billion )
  13. Global Hardware Market By Region, From 2019-2024 ( USD Billion )
  14. Global Services Market By Region, From 2019-2024 ( USD Billion )
  15. Global Wireless Gas Detection Market By Bluetooth, From 2019-2024 ( USD Billion )
  16. Global Wi-Fi Market By Region, From 2019-2024 ( USD Billion )
  17. Global Cellar Market By Region, From 2019-2024 ( USD Billion )
  18. Global Other Technologies Market By Region, From 2019-2024 ( USD Billion )

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