DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/sqdcgq/global_market) has announced the addition of the "Global Market Study on Gas Leak Detector: Asia Pacific to Witness Highest Growth by 2020" report to their offering.
The global gas leak detectors market accounted for US$ 2,312.2 Mn in 2014 and it is projected to reach US$ 3,143.7 Mn by the end of 2020 while exhibiting a CAGR of 5.3% over the forecast period.
Gas leak detectors are equipment that indicate the presence of gases in ambient air using technologies such as electrochemical, infrared and ultrasonic. These devices are used to detect toxic and combustible gases in order to maintain safety. Gas leak detectors are generally available in two different types; portable i.e. handheld and fixed i.e. permanently sited. In many industries portable gas leak detectors are also classified as personal safety instrument as they ensure detection of toxic and flammable gases which can cause hazards in plants. Also, government laws, and industry associations advocate the use gas leak detectors in manufacturing plant to ensure the safety of workers and workplace.
Drivers & Trends:
Key driving factors identified in the global gas leak detectors market are stringent government safety norms, growing investment in oil & gas and chemical Industries and increasing commercial and residential infrastructure development. However, lower profit margin due to intense competition, deferred investments in oil and gas might pose a challenge towards the growth of the global gas leak detector market. Some of the major trends identified in the global gas leak detector market are the use of internet of everything (IoT) and artificial neural network technology and gas leak detectors.
Key Topics Covered:
1. Executive Summary
2. Research Methodology
3. Assumptions and Acronyms Used
4. Gas Leak Detectors Market Taxonomy
5. Global Gas Leak Detectors Market Overview
6. Global Gas Leak Detectors Market Dynamics
7. Global Gas Leak Detectors Market - Regional Analysis
8. Global Gas Leak Detectors Market - Application Analysis
9. Global Gas Leak Detectors Market - Product Analysis
10. Global Gas Leak Detectors Market - Technology Analysis
11. Competition Landscape
Companies Mentioned
- Dragerwerk AG & Co. KGaA
- Emerson Electric Company
- Honeywell International Inc.
- MSA Safety Inc.
- Tyco International plc.
For more information visit http://www.researchandmarkets.com/research/sqdcgq/global_market
