Los Angeles, CA -- (SBWire) -- 01/29/2019 --This report studies the gas alarm (gas detector) market. Gas Alarm is devices that detect the presence of gases in an area, often as part of a safety system. This type of equipment is used to detect a gas leak or other emissions and can interface with a control system so a process can be automatically shut down. A gas alarm can sound an alarm to operators in the area where the leak is occurring, giving them the opportunity to leave. This type of device is important because there are many gases that can be harmful to organic life, such as humans or animals.
Gas detectors can be used to detect combustible, flammable and toxic gases, and oxygen depletion. This type of device is used widely in industry and can be found in locations, such as on oil rigs, to monitor manufacture processes and emerging technologies such as photovoltaic. They may be used in firefighting.
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First, as for the gas alarm industry, the industry structure is relatively concentrated. The top three manufacturers have 34.48% sales revenue market share in 2016. Tyco International, which has 12.15% market share in 2016, is the leader in the gas alarm industry. The manufacturers following Tyco International are MSA and Industrial Scientific, which respectively has 11.98% and 10.35% market share. The Riken Keiki is the leader of Japan gas alarm industry. It sells a total of 197 million dollar gas alarm products in the year of 2016.
Second, the consumption of gas alarm products rises up from 4515 K Pcs in 2012 to 5550 K Pcs in 2016, with an average annual growth rate of 5.30%. At the same time, the revenue of gas alarm sales market has a leap from 2710 Million USD to 2949 Million USD.
Third, given the distribution of mineral resources and the moving of industrial barycenter, Southeast/ South Asia, South America and Africa are brought into focus by large manufacturers and become the emerging consumption market.
The global Gas Alarm market is valued at 5690 million US$ in 2018 is expected to reach 8860 million US$ by the end of 2025, growing at a CAGR of 5.7% during 2019-2025.
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This report focuses on Gas Alarm volume and value at global level, regional level and company level. From a global perspective, this report represents overall Gas Alarm market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.
The following manufacturers are covered:
MSA
Tyco International
Industrial Scientific
Honeywell Analytics
Riken Keiki Co. Ltd.
New Cosmos Electric
RAE Systems
Emerson
Crowcon
TROLEX
Victory Gas Alarm Company
Segment by Regions
North America
Europe
China
Japan
Segment by Type
Stationary Gas Alarms
Portable Gas Alarms
Segment by Application
Industrial
Commercial
Residential
Others
The report represents the statistical data in the form of tables, charts, and info-graphics to assess the market, its growth and development, and market trends of the Global Gas Alarm Market during the projected period. QY Research has used a framework of primary and secondary research to make this report a full-proof one.
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Finally, the global Gas Alarm Market is a valuable source of guidance for individuals and companies. One of the major reasons behind providing market attractiveness index is to help the target audience and clients to identify the several market opportunities in the global Gas Alarm market. Moreover, for a better understanding of the market, QY Research has also presented a key to get information about various segments of the global Gas Alarm market.
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Global Gas Alarm Market Is Growing at a CAGR of 5.7% During 2019-2025: QY Research