- The market for gas leak detectors is considered to be fueled by growing investments in the chemical as well as oil & gas industry.
- Portable gas detectors are extensively employed in lab applications.
- Region-wise, the Asia Pacific region will be accounting for the biggest market share because of rising utilization of industrial gases
Gas leak detectors are utilized to identify and warn about combustible and toxic gases. A variety of industries are concentrating on the employment of sophisticated portable gas leak detectors to maintain safety. The requirement for portable gas detectors is rising because they ensure enhanced personal safety in dangerous work environments.
The global market for gas detectors analysis runs through the time frame of 2017–2025. Region-wise, the Asia Pacific region will be accounting for the biggest market share because of rising utilization of industrial gases along with fast infrastructure growth as well as rising requirement of gas leak detectors in the gas & oil sector. The Asia Pacific market is anticipated to record a strong CAGR through the figured period. Additionally, the requirement for gas leak detectors is growing in the North America markets for the duration of the forecast.
Portable gas detectors are extensively employed in lab applications while fixed detectors uncover their level best function in processing fields as well as gas extraction. The fixed gas detectors could also be employed for residential usage, for example, utilized in a bedroom. Additionally, the industrial fixed sort gas detector appliance involves SCADA monitoring.
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The market for gas leak detectors is considered to be fueled by growing investments in the chemical as well as oil & gas industry. This, coupled with growing infrastructure expansion, are the most important aspects fueling market expansion all over the world. Additionally, dynamic government organizations have been enforcing safety rules on the industries.
In terms of the technology, the global market is segmented as semiconductor, electro-chemical, infrared, ultrasonic and others. A rise in infrastructure expansion worldwide is estimated to contribute mainly to the increase of electrochemical technology in the market. The ultrasonic technology is anticipated to record a sound CAGR through the figured period.
In terms of the product type, the worldwide market is broadly segmented into portable and fixed. Based on the application, the global market is categorized as residential, commercial, industrial along with others.
The foremost market players operating in the worldwide market for gas leak detectors include Emerson Electric Co., Honeywell International Inc., MSA Safety Inc., Draegerwerk AG & Co KGaA, Tyco International PLC, along with others.