The global gas detection equipment market, valued at US$ 2,196.0 Mn in 2013, is expected to see growth at a CAGR of 5.0% during the forecast period from 2014 to 2022.
Albany, NY -- (SBWIRE) -- 03/22/2016 -- Stringent regulations imposed by the governments across the globe promoting occupational safety and health of employees is the major factor driving the demand for gas detection equipment across the globe. In addition, growing preference for portable and wireless gas detectors is expected to fuel market momentum in the next few years. The research study titled "Gas Detection Equipment Market (Fixed Gas Detection Equipment, Portable Gas Detection Equipment) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2022" provides strategic analysis of the global gas detection equipment market along with the market growth (size in US$ Mn) and forecast for the period from 2014 to 2022.
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The report includes competitive analysis of various market segments based on product type, end-use segments, technology and in-depth cross-sectional scrutiny across different geography segments of the gas detection equipment market. In order to aid in strategic decision-making, the report also includes competitive profiling of the leading gas detection equipment manufacturers in the industry, their market positioning, recent developments, and the winning strategies adopted by them. The distribution channel analysis included in the report provides information on OEMs, manufacturers, and value added resellers. It also highlights the role played by each in adding value to end product. Other in-depth analysis covered in the report provides insights into industry competition, market dynamics, and the most profitable segments in the gas detection equipment market. Furthermore, the report analyzes the current and future market potential for the gas detection equipment across the globe.
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On the basis of end-use applications, gas detection equipment market is segmented into: industrial, oil & gas, mining, building automation, and others (R&D labs, education, pharmaceutics, etc.). The market revenue and forecast for different end-use verticals have been included in the report for the period from 2012 to 2022 in terms of US$ million, along with the CAGR for the forecast period from 2014 to 2022. Furthermore, the report also segments the gas detection equipment market on the basis of product types in to fixed gas detection equipment and portable gas detection equipment. On the basis of technology, the gas detection equipment market is segmented into toxic gas detection and combustible gas detection. The market revenue and forecast for different product types and technology have been included in the report for the period from 2013 to 2022 in terms of US$ million, along with the CAGR for the forecast period from 2014 to 2022. The regional analysis of the gas detection equipment market gives in-depth insights into the current trends prevailing in different regions including North America, Europe, Asia Pacific, Middle East and Africa, Latin America. Each of these segments provide market size and forecast for the period from 2012 to 2022, highlighting the key factors responsible for influencing and challenging the market growth.
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The report also provides the breakdown and review of the various factors affecting the growth of gas detection equipment market, appropriately described as market drivers, restraints, and opportunities. These factors emphasize upon the existing trends and their impact on the market growth. In addition, the report provides a separate section focusing on key trends and future outlook of the gas detection equipment market. Overall, the report includes a holistic analysis of global gas detection equipment market and provides growth estimates for the period from 2014 to 2022, keeping in mind the various factors affecting the market.
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