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Gas Detection Equipment Market Business Strategy, Product Portfolio, Key Development, SWOT Analysis & Value and Supply Chain | rägerwerk AG & Co., ESP Safety Inc., GE Measurement Control Solution & Honeywell International Inc.

07-29-2020 01:17 PM CET | Health & Medicine

Press release from: insightSLICE

Gas Detection Equipment Market

Gas Detection Equipment Market

The global Gas Detection Equipment market is anticipated to surpass value of US$ 3,500 Million by 2025. The gas detection equipment are widely used across multiple industry verticals for monitoring and detection of hazardous gases. The presence of residue and leaked gases in a process plant increases the risk of health hazards and process hazards. This has increased the adoption of gas detection equipment across different industry verticals.

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This Report Sample Includes:-
Market Share and Size
Key Company Profiles with their Revenue analysis
Comprehensive Market Segmentation
Trending technology updates
Graphical representation of the regional analysis
Elaborate competition analysis
PESTEL analysis for vital contributing countries
Supply Demand Analysis

The process plant operators and industry associations are working in close conjunction to adopt advanced and reliable gas detection equipment to ensure process safety and worker safety. Additionally, implementation of stringent regulations for ensuring environment protection is contributing significantly towards the growth of gas detection equipment market. The gas detection equipment manufacturers are focusing on development of advanced products with minimal physical footprint and optimized functionalities such as multiple gas detection & connectivity, to cater rising demand fuelled by industrial automation and Industrial Internet of Things. The global gas detection equipment market is anticipated to witness prominent growth during the forecast period.

Strong demand and adoption across multiple industry verticals to drive demand for fixed gas detection equipment

The global gas detection equipment market is segmented based on product type, gas type, technology, end use industry, and geography. Based on product type, the global gas detection equipment market is segmented into fixed gas detection equipment and portable gas detection equipment. The fixed gas detection equipment contributed a dominating share to the global market and is anticipated to be a dominating segment during the forecast period owing to increased adoption across wide industry verticals for hazardous gas detection. The portable gas detection equipment is anticipated to be the fastest growing segment during the forecast period owing to rising adoption in condition monitoring applications.

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Hazardous process environment and requirement for precise detectors to drive demand from chemical and pharmaceutical industry

Based on end use industry, the global gas detection equipment market is segmented into food & beverages, oil and gas, metal & mining, chemicals, pharmaceuticals, water & waste water treatment, energy & utilities, building & construction, semiconductors & electronics, and others. The chemical industry contributed a prominent share to the global gas detection equipment market in 2019 and is anticipated to witness steady growth during the forecast period. The energy & utility is anticipated to be the fastest growing segment during the forecast period.

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Benefits associated with purchase of the Report: -

Detailed and realistic knowledge about the industry’s performance till now and in future
Country level trends and facts which are backed with relevant explanation
Comparison between technologies and products which help in easy investment decision
The demand side highlights add value in terms of validation
Self-explanatory graphs and figures make it simple even for a new market entrant
Market players’ activities are thoroughly studied and every important and relevant facts are described
Readers of the report may include manufacturers, integrators, distributors, retailers, buyers, academicians and investors

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