Gas Detectors Market 2021 Analysis by Top Manufacturers- Emerson Electric Company, SENSIT Technologies, 3M, Industrial Scientific, New Cosmos Electric Co. Ltd., Trolex Ltd

The report presents an in-depth assessment of the Gas Detectors Market including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Gas Detectors from 2021 till 2025. The report covers the pre COVID-19 historic data, impact of COVID-19 and post-COVID-19 (Corona Virus) impact on various regions and major countries and on the future development of the industry is pointed out.

The Gas Detectors Market was valued at USD 1.5 billion in 2019 at a CAGR of 3.7% over the forecast period 2020- 2025.

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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Gas Detectors Market: Honeywell International Inc., Drgerwerk AG & Co KgaA, MSA Safety Inc., Emerson Electric Company, SENSIT Technologies, 3M, Industrial Scientific, New Cosmos Electric Co. Ltd., Trolex Ltd., Crowcon, Hanwei Electronics Group Corporation, International Gas Detectors, Sensidyne LP and others.

Key Developments:

- July 2019 - Honeywell acquired privately-held TruTrak Flight Systems, a leader in autopilots for experimental, light-sport and certified aircraft. The acquisition will become part of Honeywell's BendixKing business, helping to deliver affordable technologies to the experimental and general aviation markets.
- November 2018 - Emerson modernized Sonatrach Gas Processing Plant in Algeria. The company, in partnership with Fores Engineering, has signed a USD 32 million contract with Sonatrach, Algeria's state energy company, to modernize its gas processing plant in Alrar.

Market Overview:

 Heightened activity in the oil and gas and petrochemical sectors, together with upgraded regulatory compliance, is encouraging revenues in the otherwise mature and slow-growing global gas detection market. Growing concerns about personnel and plant safety are the important market drivers for the adoption of gas detectors, in day-to-day business models. Furthermore, safety awareness is on the rise amongst end-users, due to the increasing number of fatal accidents related to gas leakages and explosions, leading to a majority of workers insisting that they are equipped with gas detectors. Moreover, with increased R&D efforts, new technologies, such as tunable diode lasers (TDLA) are being developed, which detect and measure gases at a low density of air, and offer several measurement advantages, such as highly stable calibration and less cross-interference from the presence of other gases.

Scope of the Report
A gas detector is a tool that verifies the presence of gases in a region, often as part of a safety system. This type of equipment is employed to identify a gas leak and interface with a control system so a process can be automatically closed down. Gas detectors measure and indicate the strength of certain gases in an air through numerous technologies.

Regional Analysis For Gas Detectors Market:

North America (The United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

Market Key Trends:

Oil and Gas Sector is Expected to Dominate the Market
- The global gas detection equipment market in Oil & Gas sector is expected to grow conspicuously in the future, due to the rising product demand due to the enormous rise in the demand for plant safety. The growing demand for gas monitoring amenities to notice the presence of harmful gases is also anticipated to witness constant gas detector equipment market growth, particularly in the industrial segment.
- The deployment of IoT in oil and gas industry has realized superior field communication, real-time monitoring, digital oil field infrastructure, condensed cost of maintenance, reduced power consumption, greater productivity, and, thus, heightened safety and security of assets and workforce. For instance, gas wastage is a key issue that needs to be countered. LPG gas is extremely flammable and can inflict harm to life and property. Gas detectors coupled with IoT can play a substantial role in gas detection and block wastage of gases thus fueling the growth of the market.
- Trending is the Infra Red Gas Detection, where ongoing advances in infrared technology have lead to in fail-to-safe hydrocarbon gas point detectors that constantly monitor combustible gases and vapors within the lower explosive limit (LEL) and provide alarm indication thus able to measure gas concentration at a single location (use of point infrared detector) or over big areas (use of open path infrared detector).

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What are the market factors that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The Global Gas Detectors Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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