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