Optical Imaging Camera Market 2017 Global Industry Analysis, Size, Growth, Trends and Forecast 2025

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Invisible gaseous hydrocarbons are being emitted from petrochemical plants. These may be poisonous and can cause health issues in case of exposure for a long period of time. Other gases can be explosives, highly flammable, and most of the emitted gases out of these plants can have a negative impact on the environment when these gases enter in larger quantities. Hence these gas leak detection is extremely important. Optical imaging cameras can be used to visualize gas leaks in actual time. Other than real time visualization, the optical imaging camera also has the ability to record both the visual light video and thermal video footage. It is difficult to identify leaks in unforeseen areas, so the use of optical gas imaging cameras will help ensure the safety of working personnel on the plants as well as the occupants of the surrounding areas. Optical imaging camera has the ability to visually detect gases and sniffer is used to quantify the leak. These optical imaging cameras have high sensitivity mode which can visually detect even smaller leaks from about 70m, this enables the operator to perform inspection functions even from safe distances. Image subtraction video processing technique is used in high sensitivity mode that efficiently enhances the thermal sensitivity of the camera. High sensitivity mode (HSM) feature is an exceptional feature included in all FLIR Systems, FLIR GF- optical imaging camera series. Optical Imaging cameras are ergonomically designed, these cameras have direct access buttons, rotating handle, tiltable viewfinder and LCD screen. Some of the key features of optical imaging cameras includes embedded GPS data in reporting, trace leaks to source and verification of repair. Nowadays, the new optical imaging cameras embeds GPS data into the image allowing workers to track exact location of the leak and also these cameras are made compact and lightweight to prevent back and arm strain problems to workers.

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Key drivers for the optical imaging camera market includes higher inspection frequency and performing inspection for gas leakage from safe distances. High inspection frequency leads to lesser time for gas detection that ultimately helps to find leaks that decrease profits. It also significantly helps to improve work and environment safety. Other factors which could further drive the optical imaging camera market is rapid industrialization in emerging countries and strict regulatory compliances for emission control. However there are some restraining factors for the optical imaging camera market. Challenges such as increase in raw materials price or economic slowdown in emerging countries can affect the optical imaging camera market.

Optical Imaging Camera market can be segmented as by gas type, by application and by region. By gas type, optical imaging camera market can be segmented into methane/natural gas, ammonia, hydrocarbons or olefins, ethyl alcohol and others. By application, Optical Imaging camera market can be segmented into Oil & Gas, Nuclear Power, Food and Oil Industries and others.

Geographically, Optical Imaging camera can be segmented into following regions North America, Europe, Asia Pacific, Middle East & Africa (MEA) and South America. North America is the most dominated among other regions due to immense industrialization and generation of electricity through nuclear power.

Key Players in the Optical Imaging Camera includes FLIR Systems Inc, EyeCGas, OPGAL, Inspectahire, IR Cameras LLC, The Sniffers, Infrared Cameras Inc, Opto Engineering, Optics Balzers, Electro-Optical Imaging Inc, Edmund Optics Ltd, ZWO Company and others. FLIR Systems Inc. is the market leader in the optical imaging market and offers various types of optical imaging cameras that can detect13 different type of gases. These companies are continuously investing in research and development to add new features and enhance efficiency of optical imaging cameras. These major players are continuously focusing on improving organic as well inorganic growth.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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The study is a source of reliable data on:

- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis

The regional analysis covers:

- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

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A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market

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