Market Research Report
Global Gas Detection Equipment Market 2018-2022
|Published by||TechNavio (Infiniti Research Ltd.)||Product code||290670|
|Published||Content info||129 Pages
Delivery time: 1-2 business days
|Global Gas Detection Equipment Market 2018-2022|
|Published: December 5, 2018||Content info: 129 Pages||
One of the extreme hazards affecting the health and safety of industrial workers is exposure to toxic, flammable, and explosive gasses. The end-user industries have adopted several protective systems such as gas detection equipment to ensure the safety of industrial workers. Numerous industrial standards and growing government norms and regulations are implemented to ensure the safety and protect the health of labor in manufacturing industries. The government and regulatory norms require gas detection equipment to be implemented effectively. The gas detection equipment market to register a CAGR of close to 5% during the forecast period.
Growing production volume of shale gas
The shale gas has changed the oil and gas energy structure due to the excess supply it brought into the market, which decreased the price of shale gas. In addition, the increased need to minimize casualties and government mandates to increase safety measures have led to the rise in adoption of the latest safety tools like wireless gas detection products in shale gas production as these tools also offer functional benefits. The forecast period is expected to witness increased production of shale gas in developing countries, which will drive the global gas detection equipment market.
False alarm during operation hindering adoption
During extreme or unfavorable climatic conditions, infrared gas detection sensors may trigger false alarms. In most end-user industries such as in oil and gas industry, factors such as poor reliability, slow detection, and high false alarm rates are some of the key problems that the offshore oil and gas industry faces while detecting gas leaks
For the detailed list of factors that will drive and challenge the growth of the gas detection equipment market during the 2018-2022, view our report.
The gas detection equipment market is moderately fragmented with the companies focusing on integrating advanced technologies for offering product differentiation in the market. The sensor technology is witnessing a rapid change due to the increase in R&D from vendors and growing demand for sensors, which can operate rapidly. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market's competitive landscape and offering information on the products offered by companies.