The Global Gas Detectors Industry 2016 Market Research Report is a professional and in-depth study on the current state of the Gas Detectors industry.
Firstly, the global gas detection equipment market had generated revenues of US$2249.09 Million in 2015; this is projected to expand at a CAGR of 5.54% during the forecast period (2015–2021) and reach a market size of US$ 2996.61 Million by 2021. Key players in gas detector market include, MSA, Honeywell Analytics, Dräger, Industrial Scientific, New Cosmos Electric, Tyco, Riken Keiki, and Emerson.
Secondly, in 2015, major demand is expected to account 32.61% from USA in the global gas leak detector market, driven by increasing demand for replacement and occupational safety regulations. Other major demand is expected from emerging markets of Europe and contributed total 28.38 percent. China is occupied 18.11% market in gas leak detector industry, and will increase stably.
Then, as of 2015, the Industrial application segment of the gas leak detector is the largest segment of the global gas leak detector market. Increased activity in the oil and gas and petrochemical sectors, together with improved regulatory compliance, is boosting revenues in the otherwise mature and slow-growing global gas detection market. On the other hand, the market value accounted in the year 2015 by the building automation application segment is approximately 12.72% of the consumption volume.
Finally, there is an increase in awareness among the industry that even a long term exposure to low concentration of toxic gases can adversely affect workers health. Furthermore, increase in safety for medical and household sector can provide an opportunity for gas detector equipment market growth. A positive outlook on growth of high end manufacturing industries such as aerospace and automobiles and demand from emergency response systems are expected to further augment gas detector equipment market growth.
In a word, the report provides major statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.