Market Research,Forecasts and Trends vol 11 | Page 2

region. Europe is expected to be the next fastest growing market, with a CAGR of 4.1% from 2013 to 2018, owing to rising consumption in this region, where end-user markets of GASD are growing steadily, especially in households to reduce the deaths caused due to carbon monoxide. The Middle East & African market is expected to grow at a rate of 4.4% in terms of revenue. U.S. and Japan Accounted for more than 25.0% of GASD Revenues in 2012 U.S. is the biggest consumer in the North American region and is the largest globally. Japan is the biggest end user of GASD in the Asia-Pacific region and is the second largest globally. U.S. and Japan together accounted for 26.8% of the global gas analyzer revenues in 2012. U.S. and Japan are the largest consumers in their respective regions, and are expected to compete with each other to dominate the market by 2018, with advanced technological GASD devices for end users. Japan registered the most number of patents from 2010 to 2013 and is expected to continue with new product launches. About MarketsandMarkets MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world. MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. M&M covers thirteen industry verticals, including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT. We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. Contact: Mr. Rohan North - Dominion Plaza, 17304 Preston Road, Suite 800, Dallas, TX 75252 Tel: [phone] Email: [email protected]