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Global Wireless Gas Detection Market Predicted to Expand at a Substantial CAGR of 9.4% by 2022: North America Expected to Lead

10-27-2017 12:48 PM CET | Associations & Organizations

Press release from: Market Research Hub

Market Research HUB

Market Research HUB

At present, the use of gas detectors is a vital safety practice in many industries to protect employees from the presence of hazardous substances. The function of a gas detector is to send out visual and audible warnings in case high levels of any vapor are sensed. Wireless gas detectors are extremely useful in this regard since they are portable. Recently, analysts have found that the growing demand for continuous monitoring of various combustible gases or toxic chemical agents for the purpose of industrial safety, military, and environmental protection is a key factor boosting the wireless gas detection market. To provide comprehensive insights on the global market trends for wireless gas detectors, Market Research Hub (MRH) has recently added a report titled, “Wireless Gas Detection Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017-2022” to its research offerings. This 170-pages forecast study provides a holistic outlook on the market’s growth in terms of revenue (in US$ Mn) across different geographical regions, such as North America, Latin America, Middle East and Africa, Europe, APEJ, and Japan.

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The need for continuous and real-time monitoring of gas emission in mines, tunnels, and industrial plants and facilities has propelled the demand for wireless gas detection. Even though these devices have a lot of industrial applications, they are becoming more and more popular among homeowners as well. They are able to detect gas leaks inside a house, allowing the resident to take corrective measures before the situation becomes worse. Due to its ability to constantly monitor the atmospheres, wireless gas detectors are also replacing traditional smoke detectors and certain other fire safety devices. According to the key findings, the global wireless gas detection market will register an impressive CAGR of 9.4% during the period 2017-2022. The report also highlights that the opportunity in the market was fixed at US$1,130.8 Mn in 2017 and is anticipated to reach US$1,771.4 Mn by 2022 end.

Initially, the report comprises an elaborate executive summary, including a market snapshot of wireless gas detection that provides overall information of various segments and sub-segments. The report has segmented the market on the basis of product type, end-user, application, technology, and region. Through the geographical analysis, analysts have found that North America currently holds the major share of the market in terms of revenue and is projected to maintain its dominance in the coming years as well. Wireless gas detection systems are characterized by their ease of positioning and flexibility. This is a key factor expected to bolster its approval in the coming years. In addition, the installation is cost-effective and enables end users scalability in operations.

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Major product types in the wireless gas detector market are oxygen, carbon dioxide, carbon monoxide, nitrogen oxide, and others. Based on application, the report segments the market into oil and gas, chemical and petrochemicals, government and military, mining and metals. Based on technology, the various technologies covered are Bluetooth, Wi-Fi, cellular and license-free ISM band.

Moving further, the study includes the profiles of key players in the market and the strategies adopted by them to sustain in the competition. Leading players operating in the market include Drägerwerk AG & Co. KGaA, Pem-Tech Inc., Honeywell International, Inc., Airtest Technologies Inc., Agilent Technologies, Inc., United Electric Controls, R.C. Systems Co. Inc., Sensidyne, LP, Crowcon Detection Instruments Ltd. and Otis Instruments Inc.

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About Market Research Hub:

Market Research Hub (MRH) is a next-generation reseller of research reports and analysis. MRH’s expansive collection of market research reports has been carefully curated to help key personnel and decision makers across industry verticals to clearly visualize their operating environment and take strategic steps.

MRH functions as an integrated platform for the following products and services: Objective and sound market forecasts, qualitative and quantitative analysis, incisive insight into defining industry trends, and market share estimates. Our reputation lies in delivering value and world-class capabilities to our clients.

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