openPR Logo
Press release

APAC Gas Leak Detectors Market to Reach US$ 1,647 Mn by 2024

APAC Gas Leak Detectors Market to Reach US$ 1,647 Mn by 2024

"Rapid adoption rate and growing preference for gas leak detectors will create lucrative market opportunities for manufacturers operating in the APEC region during the next eight years. Further, convenience of mobility coupled with ease of handling offered in latest gas leak detectors is expected to fuel their demand across various industrial domains" - PMR

Persistence Market Research (PMR) in its latest outlook titled "Gas Leak Detectors Market: APAC Industry Analysis and Forecast, 2016-2024," projects that the gas leak detectors market in APAC is set to witness a pronounced growth, expanding at a CAGR of 5.9% in terms of value over the forecast period (2016-2024).

The market is expected to be governed by trends such as development, adoption and use of advanced technologies such as Internet of Things (IoT) and artificial neural network technology, becoming more prevalent over the forecast period.

Get a Sample Copy of this Report @ https://www.persistencemarketresearch.com/samples/13756

Market Overview

PMR's report delivers key insights on APAC gas leak detectors market, which is foreseen to reach US$ 1,647 Million by the end of 2024. The market growth will be primarily driven by the expansion of key end user industries such as oil & gas, chemicals and petrochemicals. In addition, increasing natural gas exploration activities and setting up of numerous oil refineries in the region is projected to drive the market during the assessment period.

Gas leak detectors are being rapidly installed in residential and commercial vicinities, which is further anticipated to influence the growth of APAC gas leak detectors market in the near future. Also, healthy penetration of emergency systems in ASEAN countries and India is translating into higher demand for gas leak detectors.

Demand for Portable Gas Leak Detectors Expected to Gain Maximum Traction over 2024

Based on product type, portable gas leak detectors is expected to register the highest growth in terms of value, witnessing a 6.2% CAGR over the forecast period. The segment is set to gain around 130 basis points by the end of 2024.

On the basis of technology type, the electrochemical segment is projected to command for a significant value share of the market by closing end of the assessment period.

Request For Report Customization@ https://www.persistencemarketresearch.com/request-customization/13756

Due to a sturdy expansion of chemicals and petrochemical sectors, gas leak detectors will find broader application in such industries. Hence, the industrial application segment will grow steadily throughout the projected period.

APAC Gas Leak Detectors Market: Country Wise Projection

In 2015, China accounted for the predominant share of the market in terms of value attributed to the strong presence of major end use industries in the country. The market in Chine is expected to maintain its leading position throughout the forecast period. Meanwhile, markets in India and in ASEAN countries is anticipated to register stout growth. Japan will continue to be the second largest market for gas leak detectors in APAC region and is likely to witness a relatively slower growth over the same period.

Competitive Dashboard

Key stakeholders in APAC gas leak detectors market include Honeywell International, Inc., Emerson Electric Co., Thermo Fisher Scientific Inc., Drägerwerk AG & Co. KGaA, General Electric, MSA, United Technologies Corporation, Tyco International plc., Industrial Scientific, and New Cosmos Electric Co. Ltd. Most of these companies operating in the market are actively focusing on acquisition of relatively smaller local companies having certain novel product offerings in order to gain a competitive advantage in terms of market consolidation and product offerings.

Access Full Report@ https://www.persistencemarketresearch.com/checkout/13756

Access Related Reports-

IoT Sensors Market: https://www.persistencemarketresearch.com/market-research/iot-sensors-market.asp

VR Gaming Accessories Market: https://www.persistencemarketresearch.com/market-research/vr-gaming-accessories-market.asp

Contact us:

Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com

About Us:

Persistence Market Research (PMR), as a 3rd-party research organization, does operate through an exclusive amalgamation of market research and data analytics for helping businesses ride high, irrespective of the turbulence faced on the account of financial/natural crunches.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release APAC Gas Leak Detectors Market to Reach US$ 1,647 Mn by 2024 here

News-ID: 2699578 • Views: 342

More Releases from Persistence Market Research

Technological Apogee To Catalyse The Veterinary Orthopedic Implants Market
The Veterinary Orthopedic Implants Market is there to hit the exponential growth mark In Upcoming Years. This is the era of "online visibility". The key stakeholders in enterprises are into an exploration of new-fangled opportunities concerning digital media, as online competition is there to rule for the next few years. With end-users turning out to be netizens, search engine optimization is of paramount importance. This would be the net-oriented trend
Specialty Pharmaceuticals Market To Cut Through Linear Growth
The Specialty Pharmaceuticals Market is expected to grow at an unstoppable rate In Upcoming Years. With environmental health being a matter of concern, everything - right from public transport networks, power supply, and storage of waste to monitoring the ecological balance is being taken up by IoT and AI. It could, thus, be inferred that with "smart cities" would come "smart end-user solutions" in the years to come. Drug molecules that
Sterilization Services Market -Global Industry Trends, Share, Growth Insight, Si …
As per Persistence Market Research's latest industry analysis, the global sterilization services market is slated to top US$ 6.3 Bn by 2031, expanding at a CAGR of around 7.2% over the forecast period (2021-2031). With rising number of hospital-acquired infections (HAIs), demand for sterilization service is expected to grow at a high pace. Poor hygiene, infrastructure, and environmental conditions; inadequate equipment, lack of knowledge about infection control procedures, and dearth of
Electrophysiology Ablation Market Industry Analysis, Size, Share, Growth, Trends …
According to a recent study by Persistence Market Research, the global electrophysiology ablation market is expected to witness high growth from US$ 2.5 Bn in 2021 to US$ 6.3 Bn by 2031. This reflects a CAGR of around 8.4% over the forecast period (2021-2031). Rising morbidity and mortality due to cardiac disorders, especially arrhythmia, make this market more demanding. Moreover, new product innovation and increased adoption of electrophysiology ablation devices by

All 5 Releases


More Releases for APAC

APAC to Spearhead Shampoo Market
The global shampoo market is likely to grow at a notable CAGR between 2019- 2024, reveals the new Market Research Future (MRFR) report. Shampoo, simply put, is a hair care product that is a viscous liquid used to clean hair. It helps to remove the unwanted build-up, thus making hair clean and manageable. Medicated shampoo, children’s shampoo, cosmetic shampoo, dry shampoo, and others are the different types of shampoo. Get
Telcos' MSS Market Opportunity in APAC
Telcos' MSS Market Opportunity in APAC Summary "Telcos' MSS Market Opportunity in APAC", a new Telecom Insider Report by Publisher, provides an executive-level overview of the managed security services (MSS) market opportunity for telecoms companies in Asia Pacific (APAC). It delivers qualitative insights into the MSS market, analyzing key trends and growth drivers in the region. Get Sample Copy at https://www.reportsweb.com/inquiry&RW00012430719/sample APAC telcos are in varying states of development with their MSS services.
Agrochemicals Market in APAC
ReportsWorldwide has announced the addition of a new report title APAC: Agrochemicals: Market Intelligence (2016-2021) to its growing collection of premium market research reports. The report “APAC: Agrochemicals: Market Intelligence (2016-2021)” provides market intelligence on the different market segments, based on type, active ingredient, formulation, crop, and pest. Market size and forecast (2016-2021) has been provided in terms of both, value (000 USD) and volume (000 KG) in the report. A
Spinal Fusion - APAC Analysis and Market Forecasts
ReportsWorldwide has announced the addition of a new report title Spinal Fusion - APAC Analysis and Market Forecasts to its growing collection of premium market research reports. The spinal fusion market is an established orthopedic market that has witnessed sluggish revenue growth in the past five years. GlobalData evaluated the currently-marketed spinal fusion implants, identified the unmet needs in the market, and provided an understanding of surgeons’ perceptions of the latest
Global Dimer Acid Market : APAC Demanding Region
The global market for dimer acids valued at an estimated US$ 494.1 million in 2015, and is expected to expand at a CAGR of 6.1% from 2015 to 2021, to reach a market value of US$ 705.8 Mn by 2021. The growth of end use industries is expected to emerge as a major factor driving the global dimer acid market during the forecast period. Moreover, steady economic growth in regions
LeadMaster APAC appoints new Chief Financial Officer
LeadMaster, a leading CRM and Inside Sales Services company focused on the Asia-Pacific region, announced today that Sócrates Jiménez has joined the company as Chief Financial Officer. Mr. Jiménez will be based at the company’s corporate headquarters in Sydney, Australia. “LeadMaster is very fortunate to add Sócrates to its growing team as the Company strengthens and aggressively expands its business presence in the Asia Pacific region. As part of