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Global Market Study on Gas Detection Equipment: Growing Production Volume of Shale Gas will Propel the Market Growth over the Forecast Period 2020 - 2024

LONDON--(BUSINESS WIRE)--#GasDetectionEquipmentMarket--The gas detection equipment market is expected to grow by USD 1.06 billion, progressing at a CAGR of over 5% during the forecast period.



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The growing production volume of shale gas is one of the major factors propelling market growth. However, factors such as technical challenges in the production of gas detectors will hamper the market growth.

More details: https://www.technavio.com/report/gas-detection-equipment-market-industry-analysis

Gas Detection Equipment Market: Product Landscape

Fixed gas detection equipment is mostly adopted in large facilities and is configured using relays and customizable alarm point settings, primarily to ensure that the detectors instantly respond to atmospheric hazards. The demand for fixed detectors is expected to grow, especially from two user end-user segments, which are industrial and commercial sectors due to an increasing number of industries including chemical, petrochemical, textile, food, and biotechnology. These industries require continuous monitoring of gas emissions in areas, including production units, laboratories, and other places. Therefore, the gas detection equipment market share growth by the fixed segment will be significant during the forecast period.

Gas Detection Equipment Market: Geographic Landscape

APAC was the largest gas detection equipment market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. Factors such as the growing sales of automobiles, thereby increasing the demand for diesel and petrol, will significantly drive gas detection equipment market growth in this region over the forecast period. 35% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for gas detection equipment in APAC. Market growth in this region will be faster than the growth of the market in other regions.

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Companies Covered:

  • 3M Co.
  • Dragerwerk AG & Co. KGaA
  • Emerson Electric Co.
  • General Electric Co.
  • Honeywell International Inc.
  • MSA Safety Inc.
  • RAE Systems Inc.
  • Robert Bosch GmbH
  • Siemens AG
  • United Technologies Corp.

What our reports offer:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers market data for 2019, 2020, until 2024
  • Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Key Topics Covered:

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five Forces Analysis
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product

  • Market segments
  • Comparison by Product
  • Fixed - Market size and forecast 2019-2024
  • Portable - Market size and forecast 2019-2024
  • Market opportunity by Product

Market Segmentation by Application

  • Market segments
  • Comparison by Application
  • Industrial - Market size and forecast 2019-2024
  • Commercial - Market size and forecast 2019-2024
  • Residential - Market size and forecast 2019-2024
  • Market opportunity by Application

Customer Landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Volume driver- Demand led growth
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • 3M Co.
  • Dragerwerk AG & Co. KGaA
  • Emerson Electric Co.
  • General Electric Co.
  • Honeywell International Inc.
  • MSA Safety Inc.
  • RAE Systems Inc.
  • Robert Bosch GmbH
  • Siemens AG
  • United Technologies Corp.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.


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