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Portable Gas Detection Equipment Market

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Portable Gas Detection Equipment Market : Innovation and Price War up Competition
among Players
With immense thrust on research and development to introduce newer products to serve changing
consumer demand, solid competition prevails in the global portable gas detection equipment
market, states Transparency Market Research (TMR) in a new report. Savvy players are vying for
partnerships and mergers and acquisitions to expand their outreach and to augment their technical
expertise.
Prominent vendors in the portable gas detection equipment market to name are Thermo Fisher
Scientific Inc., RAE Systems Inc., Trolex Ltd., Mine Safety Appliances, Industrial Scientific
Corporation, Detcon Inc., Honeywell analytics, Crowcon Detection Instruments Ltd., and
Drägerwerk AG & Co. KGaA.
As per the TMR report, the global portable gas detection equipment market is predicted to expand
at a CAGR of 4.8% between 2017 and 2023. Proliferating at this pace, the market’s valuation of
US$1,306.6 mn in 2017 will become worth US$1,737.3 mn. Wearable gas detection equipment
based on type is predicted to display swift uptake in the upcoming years. This is mainly because
they can be worn by humans while at work. Region-wise, North America, Europe, and Japan hold
prominence in the portable gas detection equipment market due to an established industrial sector.
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Stringent Regulations for Personnel Safety in Hazardous Work Environments Boosts Demand
One of the key driving factors of the portable gas detection equipment market is rising preference
for wireless detectors. Wireless gas detectors are useful to detect gas breaks and explosives from a
safe distance. Wireless gas detectors are useful to measure gas concentrations in hard to reach
environment, capable of detecting poisonous gases and most importantly can be easy installed at
relatively low prices. They can detect a host of gases such as oxygen, carbon dioxide, and sulphur
dioxide. These factors make wireless gas detectors suitable for remote sensing of flammable and
toxic gases in hazardous environments.
Furthermore, rising popularity of natural gas detectors in commercial and residential settings is
stoking demand for portable gas detection equipment. With rising prices of petroleum natural gas is
increasingly being used as an automobile fuel. The rising number of natural gas filling stations is
stoking demand for gas detectors to prevent gas leakage that can lead to serious accidents. This is
because natural gas is non-toxic but highly combustible. In particular, emerging economies in Asia
Pacific are displaying significant demand for gas detectors due to the increasing popularity of
natural gas to curb environmental pollution. In Middle East and Africa, a flourishing mining and oil
exploration industry is stoking demand for wireless gas detectors for workforce safety.
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Increasing regulations for occupational safety has led to a surging demand for gas detector
equipment across a host of industry verticals such as industrial and manufacturing, mining, and oil
and gas. In developed countries of North America and Europe, regulations are in place that monitor
worker’s safety especially in hazardous work environments. For example, Occupational Safety and
Health Administration monitors safe and healthy work conditions across industries under the Health
and Safety at Work Act in the U.S.
Last but not the least, increasing discharge of industrial gases such as carbon dioxide, ammonia, and
chlorine dioxide that are hazardous to health is necessitating the deployment of gas detectors.
Author
monali raghu
monali raghu349   documents Email
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gas, market, portable, detection, equipment
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