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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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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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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