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Chemical Detection Equipment Market Growth, Forecast and Value Chain 2017-2027

03-10-2017 01:34 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Future Market Insights

Chemical Detection Equipment Market Growth, Forecast and Value Chain 2017-2027

A new era of chemical warfare and increased man-made threats is on the rise with an intent to damage or harm mankind, owing to which rapid identification of chemical or biological agents involved in any hazardous materials (Hazmat) is necessary to prevent incidents. Chemical detection equipment are generally used to identify the presence and intensity of chemical agents in soil, air as well as water and to alert respective authorities and personnel to the existence of toxic or hazardous substances, so necessary action can be taken to prevent catastrophes, as it can be dangerous whether it is in a weaponized or non-weaponized form. Testing for the presence of these materials is necessary for production sites/industrial areas and exposedareas to prevent any incident. Incidents from the past have alarmed the chemical industry to use reliable and high quality chemical equipment for monitoring of chemical plants and industries, hence increasing the demand for chemical detection equipment.

Rising threats from terrorist organizations have forced countries to use chemical detection equipment in all important sites, such as the airport, water distribution plant, nuclear power plant, tourist places and many other critical infrastructure facilities for the purpose of public safety. Chemical detection equipment is also used in facilities like nuclear power plant, chemical production facilities and various other industries to identify the presence and intensity of Radiation & chemical agents in soil, air as well as water.

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Chemical Detection Equipment Market:Dynamics

Growth in the chemical detection equipment market is mainly due to an increase in terrorist threats, as well as increasing safety regulations.The increase in production of hazardous materials for industrial applications has also increased the level of threat, due to accidents or misuse by terrorists. Strict laws for buying and selling of hazardous chemicals and increased activities by law enforcements andsafety and security administrations has led to growth of the chemical detection equipment market. Awareness among people and stringent government regulations have created immense pressure on corporates to keep chemical detection equipment at their sites to ensure safety of the workforce. As a result, usage of chemical detection equipment in many industries has consequently surged its demand globally.

On the other hand, the high price of this equipment and high operating cost (cost of the chemicals usedin making detection equipment) are restraints to the growth of the global chemical detection equipment market.

Among the chemical detection equipment available in the market, equipment which are small, effective, simple and relatively cheap are in trend and hold the maximum market share. Portable chemical detection equipment with infrared technology & Raman spectroscopyhas already captured a major market share due to the above stated reasons.

Chemical Detection Equipment Market:Segmentation

Segmentation of the chemical detection equipment market on the basis of technology used:

Infrared spectroscopy based,

Raman spectroscopy

Others

Segmentation of the chemical detection equipment market on the basis of its end users:

Government authorities

Federal departments

Law enforcement

Safety and security administrations

Airport authority

Customs & Border security

Coast Guard

Commercial

Industries

Hospitals And medical institutions

Segmentation of the chemical detection equipment market on the basis of portability:

Portable

Non-Portable

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Chemical Detection Equipment Market: Regional Outlook

North America is a major market for chemical detection equipment as continuous research and development is required in this field and the United States is a leader in the R&D of chemical detection technology. The increase in terrorist threats and incidents related to chemicals in recent years has garnered much attention from people and governments all over the world.The countries affected by terrorism are major markets for chemical detection equipment, such as India, the United Kingdom, Iraq, Afghanistan, etc.

Chemical Detection Equipment Market: Market Participants

Examples of some of the market participants in the chemical equipment global market, identified across the value chain are:

Smiths Group Plc

Thermo Fisher Scientific Inc.

Chemring Group Plc

Flir® Systems, Inc.

Bruker Corporation

General Dynamics Corporation

Federal Resources

Environics Oy.

Rae Systems By Honeywell

Bioquell Plc

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Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

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