The new report by Expert Market Research titled, ‘Global Gas Detectors Market Report and Forecast 2023-2028’, gives an in-depth analysis of the Global Gas Detectors Market, assessing the market based on its segments like type, communication type, end use, and regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2022): USD 2909.52 million
- Forecast CAGR (2023-2028): 3.37%
- Forecast Market Size (2028): USD 3552.23 million
The wireless segment holds a substantial proportion of the market and is expected to rise significantly over the forecast period. The wired segment has several advantages, including ease of installation, low maintenance costs, high connectivity, and security, as well as flexibility and scalability. Wireless gas detection systems take less time to set up, making them perfect for factories where strict government laws and the risk of disasters make it necessary to assure safety. Furthermore, one of the most significant advantages of wireless gas detectors is their ease of modification. If the room’s use or layout changes, the sensors in these systems may be repositioned to get better signals.
Industry Definition and Major Segments
A gas detector is a device that detects or monitors the presence of various gases in the air. Gas detection devices are often battery-powered and utilised for safety reasons. When the device detects a higher-than-normal concentration of gas in the air, it emits auditory signals to alert people.
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On the basis of communication type, the market is segmented into:
- Wired
- Wireless
On the basis of type, the market is divided into:
- Fixed
- Portable
On the basis of end industry use, the market is categorized as:
- Oil and Gas
- Chemicals and Petrochemicals
- Water and Wastewater
- Metal and Mining
- Utilities
- Other
On the basis of region, the market is segmented into:
- North America
- Europe
- Asia
- Latin America
- Middle East and Africa
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Market Trends
The increased use of gas detectors in various industries, such as oil and gas, chemicals and petrochemicals, metals, and mining, is driving the global market for gas detectors. Flammable gases are often employed in these sectors. Unidentified gas leaks in factories can cause explosions and endanger human lives, hence a gas detection system is a must in these businesses. The market is also expected to benefit from the low cost of installing gas detectors. The product is dependable, cost-effective, precise, and easy to use. As a result, it’s anticipated to get a lot of traction in the foreseeable time.
Key Market Players
The major players in the market are Honeywell International Inc., Drägerwerk AG & Co KgaA, MSA Safety Inc., Emerson Electric Co., SENSIT Technologies, LLC, and Others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
About Us:
Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.
At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.
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