Press release
Apac Gas Leak Detectors Market is Anticipated to Expand at a Healthy CAGR of 5.8% by 2024
Apac Gas Leak Detectors Market
Persistence Market Research presents a complete and detailed overview of the Apac Gas Leak Detectors Market: Asia Pacific Industry Analysis and Forecast, 2016-2024 in a new publication. This report dives into the various markets in the region to provide important and relevant information about the Asia Pacific gas leak detector market.
Oil & gas and chemical industries need to maintain a high level of security and safety for workers due to the high amount of harmful gases involved in the operational processes. The industrial segment accounted for over 70% of the APAC gas leak detectors market in 2016.
However, owing to an increasing use of gas leak detectors in end use industries such as mining and automotive manufacturing, the industrial segment is anticipated to lose 40 BPS between 2016 and 2026. In the treatment of waste water and in iron and steel plants, the demand for gas leak detectors is expected to grow gaining 40 BPS between 2016 and 2024.
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Report Description
To understand and evaluate the market opportunities, the APAC Gas Leak Detector Market report is segmented into several sections based on market segmentation by product type, application, technology, and country. The report begins with executive summary followed by research methodology and market overview.
The executive summary provides an overview of the gas leak detector market in the APAC region. The report also highlights key growth drivers, restraints, and trends likely to shape the growth and performance of the APAC gas leak detector market. The analysis section of the report provides an overview of the expected growth of the market, taking into account various factors that can influence market share by product type, technology, application and country. This section of the report projects the overall market potential based on value and size.
Subsequent sections of the report provide a comprehensive country-level analysis of the APAC gas leak detector market, while highlighting each country's growth potential in terms of value and volume. The competitive landscape section of the report introduces some key market players, presents an assessment of their strategies, and highlights some of the key developments in the APAC Gas Leak Detectors market. This section also includes a dashboard view of the competitive landscape and an assessment of the company's market share by tier.
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Research Methodology
Persistence Market Research applied a sophisticated research methodology that includes data triangulation followed by extensive secondary research and in-depth primary research to determine the overall APAC gas leak detector market size. Our team of experienced analysts gathered relevant market insights and data through primary interviews with leading manufacturers operating in the APAC gas leak detector market.
Data collected through primary and secondary research are validated using various statistical methods and triangulation techniques to present an appropriate market size and value. Additionally, the weighted average price of Gas Leak Detector has been taken into account to arrive at a reasonable market size.
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Metric key
In addition to highlighting volume and value figures, annual growth rates for each country in different market segments were analyzed in terms of market share and basic points of share (BPS) to understand the relative contributions of the segments. individually. to overall market growth.
The report also analyzes the market based on absolute dollar opportunities, which is essential from a sales perspective to identify potential resources in the market. Persistence Market Research also develops a unique market attractiveness index to understand key market segments in terms of performance and growth, enabling market participants to seize opportunities in the APAC gas leak detector market.
Market segmentation
By Application
• Industrial
• Oil and gas
• Chemical
• Petrochemicals
• Commercial
• Hospitals
• Hotels & Restaurants
• Others
• Residential
• Others
By Technology
• Electrochemical
• Infrared
• Semiconductor
• Catalytic
• Others
By Product Type
• Fixed Detectors
• Portable Detectors
By Country
• China
• India
• Japan
• ANZ
• South Korea
• Rest of APAC
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