Asia-Pacific Leads Demand Growth for Global Gas Detection Equipment Market to Reach $5.4 Billion by 2026 - Market Research Report (2020-2026) by Industry Experts, Inc.
Friday 16 Jul 2021
Industry Experts, Inc. unveiled a comprehensive global market research report on Gas detection Equipment. The new report entitled "Global Gas Detection Equipment Market – Detector Types, Sensor Technologies and Applications" reveals that the North American market is the largest globally while fastest growth is anticipated to be posted by Asia-Pacific, boosted in particular by China.
Gas Detection Equipment finds application in a range of industries as the primary option for the early detection of leakage of flammable and toxic gases and vapors, owing to which these systems have maintained relatively good demand. The Chemical/Petrochemical and Refinery sector is the largest, as also the fastest growing, market for these devices, as they play a critical role in saving human lives and other assets in case of serious mishaps associated with this industry. Detection of toxic and flammable gases is a key component of these systems, and, if achieved with early warning signs, can be crucial.
The global demand for Gas Detection Equipment by application is the largest for Chemical/Petrochemical & Refineries which is estimated at a share of about 36% in 2020; and is also primed to register the fastest 2020-2026 CAGR. The overall global Gas Detection Equipment market for 2021 is expected to reach $4.4 billion.
Worldwide market for Gas Detection Equipment detector types analyzed in this study includes Fixed Gas Detectors and Portable Gas Detectors with latter further segmented into Multi-Gas Detectors and Single Gas Detectors. The study examines the market for sensor technologies of Gas Detection Equipment comprising Catalytic Bead, Electrochemical, Infrared and Semiconductor. The report also explores the market for major applications of Gas Detection Equipment comprising Building & Construction, Chemical/Petrochemical & Refineries, Mining, Oil & Gas, Power Generation, Water Treatment and Others.
The market for global regions studied in this report includes North America, Europe, Asia-Pacific, South America and Rest of World in terms of value in USD. These regional markets further analyzed for 15 independent countries across North America – The United States, Canada and Mexico; Europe – France, Germany, Italy, Russia, Spain and the United Kingdom; Asia-Pacific – China, India, Japan and South Korea; South America – Argentina and Brazil.
This 384 page Gas Detection Equipment global market report includes 259 charts (includes a data table and graphical representation for each table), supported with a meaningful and easy to understand graphical presentation, of the market. The statistical tables represent the data for the global market by geographic region, detector type/sub-type, sensor technology and major application. This report includes the brief business profiles of 22 key global players and 29 major players across North America – 18; Europe – 8; and Asia-Pacific – 3. The report also provides the listing of the companies engaged in research & development, manufacturing and supply of Gas Detection Equipment. The global list of companies covers addresses, contact numbers and the website addresses of 255 companies.
California, USA based Industry Experts, Inc. is a multi-industry focused market research provider.
For more details, please visit: https://industry-experts.com/verticals/construction-and-manufacturing/global-gas-detection-equipment-market-electrochemical-infrared