Gas Detectors Market 2021 Strategic Assessments - Honeywell International Inc., Drgerwerk AG & Co KgaA, MSA Safety Inc., Emerson Electric Company

The Gas Detectors Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The gas detectors market was valued at USD 2,631.2 million in 2019, while recording a CAGR of 3.37% over the forecast period 2020 - 2025.

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Top Leading Companies of Global Gas Detectors Market are 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 and others.

Industry News and Updates

- 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.

Key Market Trends

North American Region Dominated the Market

- The North American gas detectors market holds a dominant position owing to the presence of several governmental regulations supporting the protection and safety of workers in the manufacturing facilities of various industries. Also, the high consumption of smart and connected devices across various industry verticals, such as manufacturing and automotive, is boosting the market in the region. According to the Consumer Technology Association, connected device shipments are expected to amount to 791 million units in the United States, by 2021. Additionally, the presence of leading detectors manufacturers in the United States is further generating prospects for the gas detectors market development in the region.
- Furthermore, the market for gas detectors is already at its dominant position in the region. Hence, the demand for gas detecting devices for new applications or replacement purposes across the industries is more than the generation of new demand. For instance, the United States is witnessing an increasing demand for gas sensors from the petrochemical industry. Also, the adoption of electrochemical-based devices is significantly high in end-user industries, such as medical, industrial, environmental, and automotive, owing to features like accuracy and efficiency.

The regions are further sub-divided into:

-North America (NA) – US, Canada, and Mexico
-Europe (EU) – UK, Germany, France, Italy, Russia, Spain & Rest of Europe
-Asia-Pacific (APAC) – China, India, Japan, South Korea, Australia & Rest of APAC
-Latin America (LA) – Brazil, Argentina, Peru, Chile & Rest of Latin America
-Middle East and Africa (MEA) – Saudi Arabia, UAE, Israel, South Africa

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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.

Analytical Tools: The 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.

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.

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