Press release
Wireless Gas Detection Market 2018 Global Analysis, Opportunities and Top Key Players: Siemens, Honeywell, YOKOGAWA ENGINEERING ASIA PTE LTD, Crowcon Detection Instruments Ltd
Global Market Insights, Inc.
Wireless Gas Detection Market size is expected to witness a significant growth from 2018 to 2024 owing to the rising need for real-time and constant monitoring of gas emissions in industries, tunnels, and mines. The rise in the number of fatal accidents has led to a growing demand for the detection of toxic gases among the military sector, firefighters, and security personnel. Several regional government administrations are passing stringent regulations to ensure worker safety and foster a healthy and safe working environment.
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Employers are required to adhere to standards such as OSHA and ANSI to ensure a safe working atmosphere. Rising concerns about worker safety coupled with increasing government initiatives to support worker safety are expected to fuel the wireless gas detection market growth.
Innovations and developments in the detection systems are the major factors driving the wireless gas detection market growth. Wireless systems feature enhanced portability as compared to the traditional wired systems. Moreover, these systems ensure ease of operations for real-time data collection in power, chemical, and oil & gas industries. The growing demand for easily deployable gas indicators that provide ease-of-installation is projected to propel the wireless gas detection market growth. Scalability and flexibility offered by these solutions will encourage their adoption in industries over the forecast timespan.
The industry is witnessing several technological advancements. User-friendly and intuitive systems are being developed to facilitate enhanced operations. Wireless systems are enabling enhanced interoperability and reduced costs. Long wiring systems lead to the hassle of complex installations. Improved battery life and reduced maintenance costs of wireless systems are fueling the wireless gas detection market growth. These detectors are mostly connected to a control system through the industrial internet of things (IIoT). Increasing proliferation of IIoT in industries and manufacturing sectors are driving the wireless gas detection market.
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The wireless gas detection market has been segmented by applications into government & military, commercial buildings & public facilities, manufacturing industries, mining & metals, utilities & power generation, oil & gas, chemical & petrochemicals, marine, food & beverages, pharmaceuticals, and agriculture. The oil & gas sector is expected to grow at a fast rate over the forecast timespan. These systems are used for real-time detection and remote monitoring of gases in confined spaces. They also increase the efficiency of incident response and reduce potential exposure. Increasing adoption of these systems in the oil & gas industry is projected to propel the wireless gas detection market growth.
North America holds the largest share in the industry owing to the presence of key players such as Emerson Electric Co., Agilent Technologies, Inc., and Honeywell International, Inc. in the region. The tendency of the region to adopt the latest advanced technologies in wireless communication is a key factor driving the industry growth in the region. The Asia Pacific wireless gas detection market is expected to grow at a fast rate owing to the rapid industrialization in countries including China, Japan, and India. Growing adoption of these systems in the automotive sector in the region is a key factor driving the wireless gas detection market over the coming years.
Key players in the wireless gas detection market include Siemens AG, Honeywell International, Inc., Yokogawa Electric Corporation, Tyco Gas and Flame Detection, United Electric Control, Gastronics, Inc., Crowcon Detection Instruments Ltd., Drgerwerk AG & Co. KGaA, and Airtest Technologies, Inc.
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Global Market Insights, Inc.
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