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Rising application of gas detectors in the oil and gas industry has been driving the market in the historical period and is likely to propel the market growth in the coming years as well. This can be attributed to the fact that gas detectors can provide safety to the workers in factories and mills by effectively and quickly detecting any kind of gas leak. In addition to this, the growing adoption of hand-held devices is expanding the scope of application of gas detectors in various end use industries due to the low initial implementation cost and improved safety of the gas detectors.
In terms of region, the Asia Pacific is likely to account for a significant share in the market and is anticipated to witness a considerable growth in the forecast period. The market in the region is being driven by the favourable government regulations regarding the use of gas detectors. Moreover, the rising demand for gas detectors from the metal and mining industry in the region is anticipated to provide impetus to the market in the forecast period.
In June 2020, Drägerwerk AG & Co. KgaA (ETR: DRW8) announced the launch of Polytron 8900 UGLD. The product is an ultrasonic gas sensor that has the capability to detect gas leakage at an early stage.
Market Breakup by Communication Type, Type of Detector, End-User, and Region:
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The major players in the global gas detectors market are Honeywell International Inc., Drägerwerk AG & Co KgaA, MSA Safety Inc., Emerson Electric Co., and SENSIT Technologies, LLC, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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