Gas Detection Equipment Market: Oil & Gas Industry is Anticipated to Remain Dominant End-User || Key Players: 3M Company, RKI Instruments, Inc., and Emerson Electric Co.

According to a recently collated Fact.MR report, sales of gas detection equipment will increase at a CAGR of 4.6%, in terms of volume, between the period 2017 and 2026. Innovation in technology, which leads to product premiumization, is expected to pave opportunities for the market. Vendors across the globe are introducing innovative technologies, such as portable gas detection equipment, which facilitate utilization and calibration. Revenues from worldwide sales of gas detection equipment are likely to exceed US$ 1,900 Mn by 2026-end.
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Manufacturers around the world are developing smart gas detection equipment by directing their focus toward implementation of innovative wireless technology, and robust integration of artificial intelligence (AI) and big data. Rapid adoption of smart gas detection equipment, which enable remote notifications, are likely to be a major factor contributing to expansion of the global gas detection equipment market in the near future. As smart gas detection equipment utilize wireless technology such as ZigBee, Wi-Max, Wi-Fi, and Bluetooth, end-users are enabled to track function of the product even from remote locations at all times.
Additionally, companies producing gas detection equipment have introduced innovative concepts by focusing on the enhancement of the sensitivity & efficiency of sensors in detection of harmful gases. The highly sensitive CO and smoke detectors impart appropriate early warning, which in turn enables prompt investigation, control, and actions before thoughtful damage. Leading players in global gas detection equipment market have also been concentrating on the integration of sensors capable of detecting more than one gas.
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Demand for gas detection equipment in North American industries is gaining huge traction on the back of illness caused by harmful gases such as sulfur dioxide (SO2) and carbon monoxide (CO). Governments in the region have implemented mandatory regulations regarding adoption of gas detection equipment so as to ensure health and safety of workers and employees in various manufacturing industries. North America will continue to dominate the global gas detection equipment market, in terms of value and volume.
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In addition, manufacturers of gas detection equipment have are collaborating with insurance companies in order to attract a larger customer base. Key players significantly contributing and underpinning growth of the global gas detection equipment market include Conspec Controls Inc., Sensidyne, LP, Global Detection Systems Corp., Analytical Technology Inc., Gas Measurement Instruments Limited., Enmet LLC., ESP SAFETY INC., Gastech Australia Pty Ltd., Trolex Ltd., Thermo Fisher Scientific Inc., General Electric Company, United Technologies Corporation, Fortive Corporation, Dragerwerk AG & Co. KGaA, MSA Safety Incorporated, Halma plc., 3M Company, RKI Instruments, Inc., and Emerson Electric Co.

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