Tuesday, November 2, 2021

Fixed Gas Detection Equipment Market Projected To Garner Significant Revenues By 2027

Fixed Gas Detection Equipment: Introduction

  • Gas detectors are the products which identify the presence of gas in working areas. Gas detectors are of two types: portable and fixed. Fixed type gas detectors can measure one or more type of gas. It is used near the control room or process area of plants or in the residential sector. Fixed type gas detectors are mostly used in industries and is attached with a sensor and tripping lock in case of emergency.
  • In fixed gas detectors, sensors are permanently connected to a controller or transmitter in the device. They are often used for constant monitoring to ensure safety of people, equipment, and facilities. Fixed gas detectors do not require continuous human monitoring and require a separate power source to operate.
  • The fixed gas detection equipment market is expected to expand during the forecast period due to growth in end-use industries and advancement in technology.

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Key Drivers, Restraints, and Opportunities of the Global Fixed Gas Detection Equipment Market

  • Gas detection equipment are used to create a safe environment for workers. Government and industrial regulations have become stringent toward work place safety and health of employees. Regular maintenance of gas detectors and increasing awareness among organizations is expected to fuel the market during the forecast period.
  • Shale gas exploration across all continents is likely to increase the demand for fixed gas detection equipment. It is now possible to identify multiple gases using the same device due to technological advancements. Change in the gas detector reading can be identified through certain applications, and operations have become convenient. Educating the workers to operate the product correctly is important to avoid safety failures.
  • Many players are investing in R&D to come up with more efficient and advance technology detectors. Technological advancement by global leaders is anticipated to have a positive impact on the fixed gas detection equipment market. However, technology enhancement is also likely to lead to increase in cost which may act as a restraint to the market.
  • Considering all these factors, the global market for fixed gas detection equipment is projected to rise substantially during the forecast period.

Asia Pacific to Dominate the Global Fixed Gas Detection Equipment Market

  • In terms of region, the global fixed gas detection equipment market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • Asia Pacific is likely to witness the maximum demand for fixed gas detection equipment from 2019 to 2027 due to growth in the oil & gas sector and Greenfield projects. Major manufacturers have been investing heavily in developing economies. Leading manufacturers of fixed gas detection equipment have extensive distribution networks along with deep product penetration.

Key Manufacturers Operating in the Market

The global fixed gas detection equipment market was highly fragmented in 2018. Key manufacturers operating in the global market are:

  • Drägerwerk AG & Co. KGaA
  • MSA Safety Inc.
  • Honeywell International Inc.
  • Emerson Electric Co.
  • RIKEN KEIKI Co., Ltd.
  • Industrial Scientific
  • Sensor Electronics Corporation
  • Trolex Limited
  • SENSIT Technologies
  • ESP Safety INC.

Global Fixed Gas Detection Equipment Market: Research Scope

Global Fixed Gas Detection Equipment Market, by Type

  • Single gas detector
  • Multi gas detector

Global Fixed Gas Detection Equipment Market, by Gas

  • Combustible gas
  • Toxic gas
  • Flammable gas
  • Others (Hazardous gas, Hydrocarbons, etc.)

Global Fixed Gas Detection Equipment Market, by Distribution Channel

  • Online
  • Offline

Global Fixed Gas Detection Equipment Market, by Application

  • Oil & Gas
  • Food & Beverages
  • Mining
  • Water Treatment
  • Others

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This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

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