The Europe Gas Detection Equipment Market would witness market growth of 11.3% CAGR during the forecast period (2020-2026). At present, manufacturers across the globe are shifting their focus on implementing advanced wireless technology and strong integration of artificial intelligence (AI) & big data in order to develop smart gas detection equipments.
The growth of the global market is fueled by the rising adoption of smart gas detection equipment that allows remote notifications. These smart gas detection equipments use wireless technology like Wi-Max, ZigBee, Bluetooth, and Wi-Fi, which enables users to monitor the functioning of the product from different locations. In addition, many manufacturing companies of gas detection equipment have launched innovative concepts, aiming at the improvements of the sensitivity & effectiveness of sensors in identifying harmful gases.
There are various manufacturers who are making drone-based gas detection equipment, which further opens new growth prospects for the market growth in the forecast years. The increasing popularity of IR camera-based gas detectors is contributing to the rising growth rate of the market due to their capability of recognizing flammable gases. The uncooled IR cameras are highly demanded by several industries that lead to the significant efforts by organizations to meet the demand across the world.
The Germany market dominated the Europe Gas Detection Equipment Photoionization Detector (PID) Market by Country 2019, growing at a CAGR of 11 % during the forecast period. The UK market is exhibiting a CAGR of 11.3% during (2020 - 2026). Additionally, The France market is poised to grow at a CAGR of 12.9% during (2020 - 2026).
The Industrial market dominated the Russia Gas Detection Equipment Market by End User 2019thereby, achieving a market value of $65.6 million by 2026. The Building Automation & Domestic Appliances market is experiencing a CAGR of 12.2% during (2020 - 2026). The Petrochemical market is estimated to grow at a CAGR of 9.8% during (2020 - 2026). Additionally, The Medical market would witness a CAGR of 12.6% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: Gas Detection Equipment Market in Europe is expected to register a CAGR of 11.3% during the forecast period (2020-2026)
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.
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