Infinium Global Research Gas Detection Equipment Market | Page 2
Gas Detection Equipment Market: Trends and Forecast -2024
The Infinium Global Research analyzes the report of Gas Detection Equipment
Market over the period of 2018 to 2024. This report also provides detailed
qualitative and quantitative analyses of the market dynamics, market size and
future trends in Global Gas Detection Equipment Market. It will help a lot of
decision makers to develop strategies and find new opportunities in the Global
markets of Gas Detection Equipment.
The report covers market changing aspects including drivers, restraints,
opportunities, and trends expected to encouragement the expansion of the Gas
Detection Equipment Market during the said period. The report also provides
market attractiveness analysis, by geography, and market share analysis, by key
players respectively. Some of the prominent participants in the Global Gas
Detection Equipment Market are Honeywell International Inc, Siemens AG, Riken
Keiki Co. Ltd, SE Electronics, GE Measurement & Control Solution, Schauenburg
Group, RAE Systems Inc, Industrial Scientific Corp, Troloex Ltd and ESP Safety Inc.
According to report the global gas detection equipment market is projected to
grow at a CAGR of 5.4% over the forecast period of 2018-2024.
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A gas detector is a device that detects the presence of gas in the specific area as a
part of safety system. Gas detection equipment is mainly used to detect gas leak
with a control system so the process of gas detection can be automatically shut
down. These detectors use wireless technology such as Bluetooth, Wi-Fi, Wi-MAX,
and ZigBee to connect to a smartphone, tablet, or desktops. The basic principle of
this equipment is to identify the presence of harmful gases in the environment and
raise an alarm to prevent accidents. In addition, gas detectors are mostly battery
operated devices and are found in commercial spaces for safety purpose.
Applications can be found in refineries, industrial plants, automobiles, wastewater
treatment facilities, and household activities.
Rising safety concerns in industrial as well as commercial spaces are the major
factors driving the growth of the gas detection equipment market. In addition,
wireless gas detection systems have also proven themselves in oil and gas
applications to provide increased safety and cost savings in exploration, refining,
plant improvements, and retrofits. This in turn is anticipated to drive the gas
detection equipment market over the forecast period. However, high response
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