Chemical Detection Equipment Market Growth, Forecast and Value Chain 2017-2027
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,
Segmentation of the chemical detection equipment market on the basis of its end users:
Safety and security administrations
Customs & Border security
Hospitals And medical institutions
Segmentation of the chemical detection equipment market on the basis of portability:
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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.
General Dynamics Corporation
Rae Systems By Honeywell
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