Asia Pacific Gas Detection Equipment Market By Product (Fixed Gas Detector and Portable Gas Detector), By Technology (Infrared (IR), Laser-based Detection, Photoionization Detector (PID), Semiconductor, Catalytic and Others), By End User (Industrial, Building Automation & Domestic Appliances, Petrochemical, Medical, Environmental, Automotive and Others), By Country, Industry Analysis and Forecast, 2020 - 2026
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Market Report Description
The Asia Pacific Gas Detection Equipment Market would witness market growth of 11.8% CAGR during the forecast period (2020-2026). The demand for gas detection equipment is augmented due to the fact that many government authorities across the world are constantly making efforts to decrease the oil and gas methane emissions.
The infrared gas detection sensors are majorly utilized for detecting methane as they are crucial for tracking the effectiveness and security in various applications. Gas detection equipment helps in decreasing the damages done by methane leaks during natural gas extraction, the transportation process, and power generation. One of the most cost-efficient methods to reduce global emissions is to decrease methane emissions.
Recently, gas sensors are accessible with HART (Highway Addressable Remote Transducer) Communications Protocols, hence opening various growth avenues for the market. HART refers to the instrumentation communications protocol, which offers reliable and constant communication without creating a disturbance in 4-20mA analog signals. It provides numerous benefits to business teams for carrying the right data to huge corporate networks and individual plants. All the gas detectors which are available with HART 7 protocol could transfer sensor status via the HART into any plant’s maintenance system. There is a rising demand for Bluetooth-based detection equipment in recent years. Through these sensors, users can share the measurements of air quality with other team members on a real-time basis. Many companies are focusing on introducing Bluetooth-based gas detection equipment.
The China market dominated the Asia Pacific Petrochemical Gas Detection Equipment Market by Country 2019, and would continue to be a dominant market till 2026. The Japan market is showcasing a CAGR of 10.1% during (2020 - 2026). Additionally, The India market is anticipated to witness a CAGR of 11.4% during (2020 - 2026).
The Fixed Gas Detector market dominated the South Korea Gas Detection Equipment Market by Product 2019, thereby, achieving a market value of $147.3 million by 2026. The Portable Gas Detector market is estimated to grow at a CAGR of 15.2% during (2020 - 2026).
Based on Product, the market is segmented into Fixed Gas Detector and Portable Gas Detector. Based on Technology, the market is segmented into Infrared (IR), Laser-based Detection, Photoionization Detector (PID), Semiconductor, Catalytic and Others. Based on End User, the market is segmented into Industrial, Building Automation & Domestic Appliances, Petrochemical, Medical, Environmental, Automotive and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Fortive Corporation (Industrial Scientific), Dragerwerk AG & Co. KGaA, Siemens AG, Honeywell International, Inc., General Electric (GE) Co., Emerson Electric Co., Thermo Fisher Scientific, Inc., MSA Safety Incorporated, RKI Instruments, Inc., and Sensor Electronics Corporation.
Scope of the Study
Market Segments Covered in the Report:
- Fixed Gas Detector
- Portable Gas Detector
- Infrared (IR)
- Laser-based Detection
- Photoionization Detector (PID)
By End User
- Building Automation & Domestic Appliances
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Fortive Corporation (Industrial Scientific)
- Dragerwerk AG & Co. KGaA
- Siemens AG
- Honeywell International, Inc.
- General Electric (GE) Co.
- Emerson Electric Co.
- Thermo Fisher Scientific, Inc.
- MSA Safety Incorporated
- RKI Instruments, Inc.
- Sensor Electronics Corporation
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