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Gas Leak Detectors Market Analysis and Value Forecast by End-use Industry 2014 - 2020: FMI Estimate

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A gas leak detector is a piece of equipment or a device that senses and detects the existence of gases in a particular area. These devices are used as a part of safety systems installed in factories, homes and commercial complexes. A gas leak detect
Global Gas Leak
Detectors Market
Share, Global Trends,
Analysis, Research, Report,
Opportunities,
Segmentation and Forecast,
2014 – 2020
Future Market Insights
www.futuremarketinsights.com
[email protected]
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Description
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A gas leak detector is a piece of equipment or a device that senses and detects the existence of
gases in a particular area. These devices are used as a part of safety systems installed in
factories, homes and commercial complexes. A gas leak detector system detects the gas leaked
and generates a signal to take proper action. Industrially, gas detector systems are fitted with a
sound alarm to evacuate the area in case of toxic gas leakage. The popularity of such devices is
growing due to the influx of new chemical facilities across the world. Further, the growing gas
storage facility network across the globe has deployed a significant number of gas leak detectors
for safety systems.
Due to their design modifications, gas detectors are broadly categorised on the basis of
technology as electrochemical, infrared imaging, infrared point, ultrasonic, semiconductor and
holographic. On the basis of product type, the global gas detectors market is bifurcated into
portable gas detectors and fixed gas detectors.
Portable gas detectors are widely used in lab application whereas fixed detectors find their
maximum application in gas extraction and processing fields. Fixed gas detectors can also be
used for residential applications such as using itin a bedroom. Further, industrial fixed type gas
detector application includes SCADA monitoring.
Gas detectors are used in applications such as gas turbines, building and construction, health
care,
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Description
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food and beverages, water treatment, oil and gas refineries, chemical plants, underground gas
storage facilities, and others.
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Gas detectors are used in applications such as gas turbines, building and construction, health
care, food and beverages, water treatment, oil and gas refineries, chemical plants, underground
gas storage facilities, and others. The segments for refineries and chemical plants applications
dominate the global market at present. Nevertheless, gas detectors are widely used in
underground gas storage. The growing gas supply network is spurring the demand in this
segment.
One of the major driving factors for gas leak detectors market is the ever growing oil & gas
industry. The increasing number of gas field explorations and widening gas supply network has
been fuelling the demand for gas leak detectors. In addition, active government organizations
have been imposing safety regulations on the industries. This, in turn, has propelled the demand
for gas leak detectors. Further, Asia Pacific is likely to lead the league in terms of growth of the
industrial sector, mining sector, medicine and healthcare sector, and construction sector. This is
likely to create opportunities for the growth of theglobal gas leak detectors market.
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However, the market is facing strong competition due to the influx of new players in the market
and frequent product launches.
Multi-gas detector coupled with an analyzer system is one of the emerging trends in the global
leaked gas detector market. This kind of detector is gaining popularity due to its compact designs
and better features as compared to conventional gas leak detectors. It is expected that the after
sales market is likely to develop further in future and a number of market participants will enter
this segment. It is also expected that the gas leak detector manufacturers will expand their
business to aftermarket sales through forward integration and strategic alliances.
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A number of product launches can be seen in the global gas leak detectors market. For instance,
market participants such as Scott Safety, GE and RAE Systems recently launched a few new gas
leak detectors. The global gas leak detectors market has also been witnessing strategic alliances
such as that between Cbiss and Old Man Partner. To expand the business globally, a number of
gas leaked detectors manufacturers have acquired other companies such as the acquisition of
Edinburgh Instruments Ltd by Techcomp Group Ltd., the acquisition of RAE Systems by
Honeywell International Inc. and the acquisition ofGroveley Detection Ltd by Emerson.
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Gas Leak Detectors Market, Global Gas Leak Detectors Market, leak
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