This global market research report presents a detailed segmentation of the air and gas detectors market by type (portable detectors, fixed detectors, and detector tubes) and by geography (the Americas, APAC, and EMEA). The leading vendors analyzed in this market study are Emerson Electric, MSA Safety, Honeywell Analytics, and Tyco Fire & Integrated Solutions (UK).
Technavio’s market research analysts estimate the global air and gas leak detectors market to grow at a CAGR of around 4% between 2016 and 2020. Air and gas leak detectors have become a necessary requirement in industries to avoid gas leakage disasters a d minimize the emission of harmful gases. Air and gas leak detectors help in monitoring the leaks or emissions of flammable and toxic gases, which add to greenhouse gas emissions. APAC is expected to be the largest revenue contributor to the global air and gas leak detector market, occupying around 40% of the total market share by 2020.
The new market research report from Technavio provides a breakdown and analysis of the air and gas leak detectors segments by technology.
“The latest trend gaining prominence in this market is the integration of IT in the oil and gas industry. Numerous companies have started to leverage the use of IT to improve efficiencies and reduce operational costs. The integration of IT will allow companies to monitor different work processes continuously and detect irregularities in the performance of equipment. The ability of IT to reduce maintenance time and prevent the failure of a device will result in its increased adoption over the next four years,” says Sunil Kumar Singh, Lead Analyst, Hardware & Semiconductor, Technavio Research
Technavio’s analysts have estimated the portable detector market segment to account for approximately 45% of the overall market share. These detectors can be carried anywhere to detect air and gas leaks and are available as single or multi-gas units. Advantages like its long battery life, robust design, and the presence of high-power microprocessors will lead to its increased adoption during the forecast period.
The leading vendors in the global air and gas leak detectors market are Emerson Electric, MSA Safety, Honeywell Analytics, and Tyco Fire & Integrated Solutions (UK). In this market, the top players have an extensive portfolio of industry-related equipment and services, which can be customized according to the customer’s requirements. These vendors have high capital resources and dedicated R&D funds for developing new technologies. Though the large vendors dominate this market, the local and regional vendors account for significant market shares in some regions.
A more detailed analysis is available in the Technavio report, Global Air and Gas Leak Detectors Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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