Press release
Gas Leak Detectors Market – Set to Rise at 6.5% CAGR during 2017-2025
According to the revised forecast presented in a recent market report published by Persistence Market Research titled “Gas Leak Detectors Market: Global Industry Analysis (2012 – 2016) and Forecast (2017 – 2025),” the global gas leak detectors market was valued at US$ 2689.1 Mn in 2016, and is expected to register a CAGR of 6.5% from 2017 to 2025. Growing usage of gas leak detectors in the oil & gas and chemical industry coupled with increasing infrastructure development are major factors fueling growth of the global gas leak detectors market.
Key competitors in the global gas leak detectors market profiled in the report include MSA Safety Inc., Honeywell International Inc., Tyco International PLC, Emerson Electric Co. and Draegerwerk AG & Co KGaA.
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Further key findings from the study suggest:
Global gas leak detectors market is categorized on the basis of product type, application, technology and region. On the basis of product type, the market is segmented as portable and fixed. The portable segment is anticipated to register a CAGR of 6.5% during the forecast period. The application segment is segmented into residential, industrial, commercial and others. On the basis of technology, the market is segmented as electrochemical, semiconductor, ultrasonic, infrared and others. Electrochemical segment accounted for highest market share and was valued at US$ 994.6 Mn in 2016. Moreover, increasing infrastructure development globally is likely to contribute primarily to the growth of electrochemical segment in the market. Ultrasonic segment is predicted to register a healthy CAGR of 7.2% during the forecast period.
This report also covers drivers, restraints and trends driving each segment and offers analysis and insights regarding the potential of the gas leak detectors market in regions including North America, Latin America, Europe, Asia Pacific, and Middle East and Africa. Among these regions, Asia Pacific accounted for the largest market share in 2016 on account of increasing usage of industrial gases and rapid infrastructure development. The Asia Pacific gas leak detectors market is projected to register a healthy CAGR of 7.2% during the forecast period.
Download and View Report@ https://www.persistencemarketresearch.com/market-research/gas-leak-detector-market-102017/toc
Key Topics Covered:
1. Executive Summary
2. Research Methodology
3. Assumptions and Acronyms Used
4. Gas Leak Detectors Market Taxonomy
5. Global Gas Leak Detectors Market Dynamics
6. Global Gas Leak Detectors Market Overview
12. Competition Landscape
12.2.1.1. MSA Safety Inc.
12.2.1.2. Honeywell International Inc.
12.2.1.3. Tyco International PLC
12.2.1.4. Draegerwerk AG & Co KGaA
12.2.1.5. Emerson Electric Co.
For more information about this report visit @ https://www.persistencemarketresearch.com/market-research/gas-leak-detector-market-102017.asp
About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
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