Fresh Perspectives on the Global Gas Detection Equipment Market to Get Your Business Strategy Ready
The global Gas Detection Equipment market is expected to decline substantially in the year 2020, with COVID-19 pandemic triggering a short-term crisis in the industrial sector, before recovering to reach a revised market size of US$4.0 billion by 2025.
Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global Gas Detection Equipment market.Report segmentation includes Sensor Type (Electrochemical, Metal Oxide, Infrared, Catalytic, Zirconia, Other Sensor Types); Technology (Single Gas Detection, Multi Gas Detection); Product Type (Fixed, Portable); and End-Use (Oil & Gas, Chemical, Mining & Metals, Water & Wastewater Treatment, Power, Other End-Uses).
10 June 8:15 A.M., California/Marketwire/ - According to the new market research report, the global Gas Detection Equipment market is expected to decline substantially in the year 2020, with COVID-19 pandemic triggering a short-term crisis in the industrial sector, before recovering to reach a revised market size of US$4.0 billion by 2025. The market will be reset to a new normal which going forwards in a post crisis era will be continuously redefined and redesigned. With the COVID-19 crisis dampening the momentum across the core end-use sectors including Oil & Gas, Chemical, Mining & Metals, Water & Wastewater Treatment, and Power, prospects for Gas Detection Equipment remain largely lackluster in the year 2020. However, the market is likely to regroup to revisit the growth trend in the post COVID -19 environment with anticipated demand revival in end-use domains; sustained focus on personnel and plant safety; legislation of stringent occupational health and safety regulations; and likely healthy consumption of natural gas and the ensuing establishment of natural gas processing plants.
Expanding use of hydrogen gas, a relatively dangerous fuel, in diverse industrial environments and the ensuing demand for hydrogen gas detection equipment; growing significance of multi-gas detectors in compact form factors and with enhanced features; and rising prominence of lower power consumption characteristics of polymer gas sensors constitute other major factors poised to steer future growth of the market. Also poised to drive future growth are factors such as developments in sensor sensitivity; emergence of wireless gas detectors, and infrared, photoionization (PID) and ultrasonic sensors; and high costs of accidents caused by gas leaks and legal penalization for the same.
Key Competitors Covered in the Report
AirTest Technologies, Inc.
California Analytical Instruments, Inc.
City Technology Ltd.
Crowcon Detection Instruments, Ltd.
Detector Electronics Corp.
Dragerwerk AG & Co. KGaA
Emerson Electric Co.
ESP Safety, Inc.
General Electric Company
Honeywell Analytics, Inc.
Honeywell International, Inc.
Industrial Scientific Corp.
Mil-Ram Technology, Inc.
MSA Safety Inc.
RAE Systems, Inc.
RKI Instruments, Inc.
Sierra Monitor Corp.
Status Scientific Controls Ltd.
TQ Environmental Ltd.
Yokogawa Electric Corp.
Geographies Analyzed in the Report
Europe (France, Germany, Italy, UK, Spain, Russia, Rest of Europe)
Asia-Pacific (Australia, India, South Korea, Rest of Asia-Pacific)
Latin America (Argentina, Brazil, Mexico, Rest of Latin America)
Middle East (Iran, Israel, Saudi Arabia, UAE, Rest of Middle East)
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. All analysis and findings published in the report are based on validated engagements from a total executive pool size of 21583. Among this pool, 1943 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 432 unique participations, a total of 194 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (www.strategyr.com) is the world's only influencer driven AI powered market research company. Serving more than 41,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for 33 years, offering the widest coverage of topics, geographic markets, competitive brands, and companies profiled.
Director, Corporate Communications
Global Industry Analysts, Inc.