Gas Detection Equipment: A Global Strategic Business Report
San Jose, CA (Vocus) September 7, 2010
Gas detection equipment, an important part of safety mechanisms installed/used in commercial and industrial spaces, is designed to detect potentially hazardous gas leaks. Over the years, there has been growing emphasis on the importance of monitoring the environment or atmosphere in a given location, both from an environmental as well as personnel safety/protection standpoint. Encouraged by stringent safety regulations across industrial workspaces, which compels compliance among target audiences, market for gas detection equipment mirrors a positive outlook for the future. In addition to safeguarding production platforms, newer application in societal safety, space applications, confined space entry and wastewater treatment is expected to open up additional growth avenues. For instance, poison-gas attacks perpetrated by terrorists and the rise in terrorism worldwide is resulting in gas monitoring becoming an important element in city safety systems. In the United States, homeland security is attaining utmost significance thus encouraging adoption of several protective measures, including the installation of gas detection equipment.
Demand for gas detection equipment is likely to be high in new construction undertakings as compared to renovation and upgradation initiatives, given that existing infrastructures are already well equipped with advanced detection systems. Given the high level of competition in the market, innovative product and marketing strategies, and technology developments prove to be critical for market players. The scenario can be put into perspective by the fact that majority of market participants are already focusing on manufacturing multi-purpose products that are not only inexpensive but also feature better functionalities and capabilities that suit diverse customer requirements.
As stated by the new market research report on Gas Detection Equipment, the US continues to remain the largest regional market for gas detection equipment. Well-established safety regulations and legislations in the country is a key factor underpinning the country’s dominance in the international market. Asia-Pacific represents the fastest growing regional market with a CAGR of about 3.46% over the analysis period. Rapid industrialization and subsequent increase in the adoption of international safety standards and practices are the primary factors driving growth in the region.
Handheld/portable gas detection equipment represents the largest and the fastest growing segment. Growth in the segment can be attributed to a range of usage benefits that portable gas detection equipment come with, such as their compact size, simple usage pattern, and ability to provide uninterrupted monitoring services. Greater reliability and lesser false alarms are other critical factors that are influencing the growing demand for handheld/portable gas detection equipment.
Major players in the marketplace include Airtest Technologies Inc., Bacharach Inc., Sperian Instrumentation, Dräger Safety AG & Co, Honeywell International Inc., Honeywell Analytics, BW Technologies Ltd, Industrial Scientific Corporation, Mine Safety Appliances Company, RAE Systems Inc., Sensidyne LP, Sierra Monitor Corporation, Thermo Fisher Scientific Inc., Tyco International and Scott Health & Safety among others.
The research report titled "Gas Detection Equipment: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of trends, issues, product markets, product developments, strategic industry activities, and profiles of major companies worldwide. The report provides market estimates and projections for following product segments - Fixed Gas Detection Equipment, Handheld/Portable Gas Detection Equipment and Detector Tubes. Geographic markets analyzed include the US, Canada, Japan, Europe, Asia Pacific, Middle East, and Latin America.
For more details about this comprehensive market research report please visit – http://www.strategyr.com/Gas_Detection_Equipment_Market_Report.asp.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Web Site http://www.StrategyR.com
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