Global Gas Detection Equipment Market Outlook:
The latest report by IMARC Group, titled “Gas Detection Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the gas detection equipment market growth. The report also includes competitor and regional analysis, and contemporary advancements in the market. The global gas detection equipment market is expected to exhibit a growth rate (CAGR) of 9.3% during 2023-2028.
detection equipment is used to indicate and measure the presence of gases, such as carbon monoxide (CO), carbon dioxide (CO2), ammonia (NH3) and combustible gases, in the air. It is equipped with a sensor that widely assists in detecting leakages and in preventing fire breakouts. As a result, it is commonly deployed across the residential, commercial, and industrial segments.
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Global Gas Detection Equipment Market Trends:
The global market is primarily driven by the widespread occurrences of occupational hazards, along with the rising safety concerns across numerous industries. This is further supported by the increasing investments by public and private firms to install gas detection equipment for safety purposes in workspaces. Along with this, significant growth in the oil and gas industry is also providing an impetus to the market growth. Other factors, rapid industrialization and continual product innovations across the globe, such as the introduction of portable gas detection, are creating a positive outlook for the market.
Competitive Landscape with Key Players:
The competitive landscape of the industry has also been examined along with the profiles of the key players being:
- Airtest Technologies Inc
- Bacharach Inc
- Drägerwerk AG & Co. KGaA
- Hanwei Electronics Group Corporation
- Honeywell International Inc
- Industrial Scientific Corporation (Fortive)
- MSA Safety Incorporated
- Sensidyne LP
- Teledyne Technologies Incorporated
- Thermo Fisher Scientific Inc.
- Trolex Ltd.
The competitive landscape of the market has been examined in the report, with some of the key players being Airtest Technologies Inc, Bacharach Inc, Drägerwerk AG & Co. KGaA, Hanwei Electronics Group Corporation, Honeywell International Inc, Industrial Scientific Corporation (Fortive), MSA Safety Incorporated, Sensidyne LP, Teledyne Technologies Incorporated, Thermo Fisher Scientific Inc. and Trolex Ltd.
Key Market Segmentation:
Based on technology, the market has been categorized into wired and wireless.
- Portable and Transportable
On the basis of the detection type, the market has been bifurcated into fixed, and portable and transportable.
- Oil and Gas
- Chemicals and Petrochemicals
- Water and Wastewater
- Metal and Mining
Based on the end use industry, the market has been segmented into oil and gas, chemicals and petrochemicals, water and wastewater, metal and mining, utilities, and others.
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Region-wise, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
Key Highlights of the Report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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