#APAC Gas Leak Detectors Market
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High Purity Methane Gas Market: Role in Advancing Semiconductor and Electronics Manufacturing
The High Purity Methane Gas Market size was valued at USD 7.95 billion in 2023 and is expected to grow to USD 12.20 billion by 2031 and grow at a CAGR of 5.5% over the forecast period of 2024–2031.
Market Overview
High purity methane gas, also known as ultra-pure methane, is a refined form of methane that has been purified to a level suitable for advanced scientific and industrial applications. It is used primarily in the semiconductor, electronics, and chemical industries, where its purity is crucial for maintaining the integrity of high-precision processes.
The market is witnessing steady growth as industries such as semiconductor manufacturing, energy production, and R&D labs increasingly rely on high purity methane gas for various applications. As demand for advanced materials and devices continues to rise, the role of high purity methane gas is becoming more significant in both established and emerging technologies.
Key Market Segmentation
The High Purity Methane Gas Market is segmented by application and region.
By Application
Chemical Synthesis: High purity methane gas is widely used in the chemical industry, especially for the production of high-grade chemicals, solvents, and fuels. Methane is a key feedstock in the production of chemicals such as methanol and formaldehyde, which are used in numerous applications across various industries.
Heat Detection: Methane gas is a key component in heat detection systems, where it is used for the calibration of detectors. Due to its high purity, it ensures the reliability and precision of heat detection devices, which are crucial in safety-critical applications such as fire alarms and gas leak detection systems.
R&D Laboratory: High purity methane is used in R&D laboratories for experimentation and testing purposes. It is particularly important in the study of chemical reactions, material properties, and new energy systems. Researchers depend on the purity of methane to obtain accurate and consistent results in their experiments.
Transistors & Sensors: High purity methane is essential in the semiconductor industry, where it is used in the production of transistors and other electronic components. Methane gas plays a role in chemical vapor deposition (CVD) processes, which are critical for fabricating high-performance sensors and transistors used in electronic devices.
Power Electronics: In the power electronics sector, high purity methane is used in the production of power devices that are vital in the energy sector. These devices require pure methane to maintain performance and minimize impurities that could affect their efficiency.
Others: Other applications of high purity methane gas include its use in manufacturing and testing of energy storage devices, as well as in certain medical applications, where methane is used for calibration and testing of equipment.
By Region
Asia Pacific (APAC): The Asia Pacific region is expected to dominate the high purity methane gas market during the forecast period. The region’s robust manufacturing sector, particularly in countries like China, Japan, and South Korea, is a significant driver of demand. The APAC region is home to leading semiconductor manufacturers, making it a key market for high purity methane.
North America: North America is another important market for high purity methane, particularly driven by the United States, which is a leader in technological advancements in electronics, R&D, and chemical industries. The region is also witnessing increasing investments in clean energy, which may further propel the demand for high purity methane in power electronics and energy-related applications.
Europe: Europe is also a growing market for high purity methane, driven by demand from the chemical and electronics industries. Countries like Germany, France, and the UK are focusing on the development of advanced manufacturing processes, where the need for high purity methane is becoming more pronounced.
Middle East & Africa (MEA): The Middle East and Africa are emerging markets for high purity methane, particularly due to growing investments in industrial development and energy production. Countries such as Saudi Arabia and the UAE are expanding their chemical manufacturing and semiconductor industries, which will likely drive the demand for high purity methane.
Latin America: While the Latin American market is still in its nascent stages, there is increasing interest in high purity methane in countries like Brazil and Mexico, where the demand for chemical synthesis, electronics manufacturing, and R&D activities is expected to grow.
Market Drivers and Trends
Increasing Demand for Semiconductor and Electronics Manufacturing: The demand for high purity methane is strongly linked to the growth of the semiconductor and electronics industries, where the gas is used in the production of transistors, sensors, and other key components. As the world becomes more reliant on electronics, the demand for high purity methane is expected to continue rising.
Expansion of Chemical Industries: High purity methane is an essential feedstock for various chemicals, including methanol and formaldehyde. As the global chemical industry continues to expand, especially in emerging markets, the demand for high purity methane for chemical synthesis is expected to grow.
Advancements in R&D Activities: The increasing focus on R&D in areas such as energy storage, materials science, and renewable energy technologies is driving the demand for high purity methane in laboratories. This trend is expected to continue as industries pursue innovations and new technologies.
Shift Towards Clean Energy: The growing emphasis on renewable energy and power electronics technologies is fueling the demand for high purity methane, particularly in applications related to energy storage and power devices. The gas plays a key role in manufacturing high-performance power electronics and energy systems.
Technological Innovations in Methane Purification: Advances in methane purification technology are improving the cost-effectiveness and availability of high purity methane, making it more accessible for a wider range of applications. This is expected to contribute to the market’s growth in the coming years.
Conclusion
The High Purity Methane Gas Market is set to experience significant growth from 2024 to 2031, driven by demand from critical sectors such as semiconductor manufacturing, chemical synthesis, R&D laboratories, and power electronics. As industries continue to rely on high purity methane for a wide range of advanced applications, the market is poised for steady expansion, with substantial opportunities across key regions.
About the Report This comprehensive market research report offers valuable insights into the Global High Purity Methane Gas Market, providing an in-depth analysis of trends, market drivers, applications, and regional opportunities. It serves as an essential resource for stakeholders seeking to navigate the growing demand for high purity methane in various industries.
Read Complete Report Details of High Purity Methane Gas Market 2024–2031@ https://www.snsinsider.com/reports/high-purity-methane-gas-market-3313
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Apac Gas Leak Detectors Market Higher Mortality Rates by 2024 posted by courtneygarcia781 The Global Gas Leak Detector Market report has been prepared by collecting market data from ...
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APAC Gas Leak Detectors Market Drivers , Trends, Top Players, Industrial Analysis and Forecast till 2027
Summary:
A gas detector is an equipment that detects the presence of gases in an area. Generally, it is used as part a of safety system to detect gas leak or other emissions. These gas detectors are, generally, linked to control systems so that appropriate actions can be taken to ensure safety.
The global gas leak detector market was valued for US$ 1,242.7 Mn in 2019 is expected to exhibit a CAGR of 5.9 % during the forecast period
Statistics:
The market in China dominated the APAC Gas Leak Detectors Market 30.9 % in 2019 followed by Japan and South Korea, respectively.
Market Drivers
Gas leak detectors are one of the many must-have devices in oil & gas industry that are necessary for protection of personnel and property hazards such as deadly, toxic, and combustible gases. Furthermore, gas detectors offer high reliability and high responsive methods to monitor toxicity, oxygen levels, and flammability. Development of gas infrastructure pipelines, warehouses, and gas stations is expected to increase, owing to growing demand for gas in the region.
According to Coherent Market Insights’ analysis, natural gas liquefaction capacity in the region is expected to exhibit growth of around 66% between 2014 and 2020.
Moreover, expansion of capabilities and establishments of new facilities is expected to boost the demand for gas leak detectors and thereby drive growth of the APAC gas leak detectors market in the near future.
Stringent regulatory policies, laws, and safety norms are being implemented in various industries including chemical, pharmaceuticals, energy, petrochemicals, etc. Gas leak detectors are used in these aforementioned industries to detect toxic and flammable gas leaks from process containers and chambers. For instance, according to the Australia/New Zealand standard AS/NZS60079.29.2:2008, it is mandatory to install a gas detector as per work regulations, to detect flammable gases and oxygen. Thus, these factors are expected to support the market growth over the forecast period.
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Market Opportunities
In commercial and residential applications, gas leak detectors are primarily used for detection of propane gas leak from appliances, gas pipe fittings, and propane tank. Increasing development of commercial infrastructure combined with various large-scale projects such as malls, company headquarters, airports, and hospitals in the region are expected to offer lucrative growth opportunities in the near future. These opportunities are majorly available in emerging economies such as India and China due to increasing demand for safety and security features in residential projects.
Growing consumption of industrial gases such as helium, nitrogen, and argon across different manufacturing industries is expected to provide significant growth opportunities for major vendors to capitalize on the market.
Moreover, the use of gases in refrigeration and HVAC processes in automotive application is expected to provide excellent growth for market players over the forecast period.
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Market Trends
Many manufacturers are focused on development of gas detectors incorporated with advanced features and novel technologies such as artificial neutral network (ANN) and Internet of Things (IoT), in order to make gas detectors highly efficient. For instance, Honeywell partnered with Houston-based Accudata Systems to develop ConneXt Pro, the first-of-its-kind wireless gas detection system based in the IoT technology.
Moreover, General Monitor – a U.S.-based manufacturer of gas leak detectors – developed Observer-i, an ultra-sonic multiple gas leak detector, based on ANN technology platform, which can distinguish between real gas leaks and false alarms.
Various manufacturers in the industry are involved in incorporation advanced technologies including data logging, recording, streamline compliance, wireless connectivity, etc. into gas leak detectors.
Furthermore, advanced portable gas detectors are focused on increasing applications as personal protective devices in different industries and also for mobile testing of widespread manufacturing plants..
Value Chain Analysis
Key players operating in the APAC Gas Leak Detectors Market are:
Honeywell International, Inc., MSA, New Cosmos Electric Co. Ltd, Emerson Electric Co., Industrial Scientific, Thermo Fisher Scientific Inc., Tyco International plc, Drägerwerk AG & Co. KgaA, United Technologies Corporation, and General Electric.
Key Developments
Key companies in the market are focused on mergers and acquisitions, in order to gain competitive edge in the market. For instance, in December 2019, Honeywell International Inc. acquired Rebellion Photonics, a U.S.-based provider of intelligent, visual gas monitoring solutions.
Major market players are involved in collaborations and partnerships, in order to enhance their market presence. For instance, in June 2018, New Cosmos Electric Co. Ltd, a supplier of gas detection equipment, collaborated with Itron Inc. to improve gas safety for utilities with methane detectors.
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Gas Leak Detector Market is Likely to Experience a Tremendous Growth by 2027 | City Technology Ltd., Honeywell International Inc., Mine Safety Appliances Co.
The latest research report on the Gas Leak Detector market from Coherent Market Insights aims to provide a complete and accurate analysis of the market, taking into account market prediction, competitive intelligence, technical risks, developments, and other relevant data. Its meticulously designed market intelligence allows market participants to understand the most essential market trends that affect their organisation. Significant prospects in the global Gas Leak Detector market, as well as important issues driving and hindering growth, will be discussed for readers. It provides information on key production, revenue, and consumption trends that businesses can use to boost sales and growth in the global Market.
The global gas leak detector market was valued at US$ 2,980.3 Mn in 2019 and is forecast to reach a value of US$ 4,695.7 Mn by 2027 at a CAGR of 5.8% between 2020 and 2027.
𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝗮 𝘀𝗮𝗺𝗽𝗹𝗲 𝘁𝗼 𝗼𝗯𝘁𝗮𝗶𝗻 𝗮𝘂𝘁𝗵𝗲𝗻𝘁𝗶𝗰 𝗮𝗻𝗮𝗹𝘆𝘀𝗶𝘀 𝗮𝗻𝗱 𝗰𝗼𝗺𝗽𝗿𝗲𝗵𝗲𝗻𝘀𝗶𝘃𝗲 𝗺𝗮𝗿𝗸𝗲𝘁 𝗶𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗮𝘁- https://www.coherentmarketinsights.com/insight/request-sample/2096
The analysts of the Gas Leak Detector Market Report have done a fantastic job of exploring important advancements, pricing and business techniques, and future plans of prominent businesses using a detailed analysis of the competitive environment. Analysts revealed production, serving area, gross margin, and other vital elements in addition to the player's Gas Leak Detector market performance in terms of revenue and sales. In addition, the Gas Leak Detector Report examines rivals' market positioning, market growth, and product portfolios in depth to assist firms in gaining a competitive advantage. The study evaluates each company's strengths and weaknesses using a SWOT analysis. It also assesses the parent market's tendencies, as well as macroeconomic statistics, prevalent forces, and market appeal according to various segments. The research also forecasts the impact of several industry factors on key Gas Leak Detector market segments and regions.
𝗧𝗼𝗽 𝗖𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀 𝗜𝗻𝗰𝗹𝘂𝗱𝗲: City Technology Ltd., Honeywell International Inc., Mine Safety Appliances Co., Dragerwerk AG & Corporation., Testo AG, ABB Ltd, Industrial Scientific Corporation, Figaro Engineering Inc., Yokogawa Electric Corporation, and Hitech Instruments Ltd
Detailed Segmentation
Global Gas Leak Detector Market, By Product Type:
Global Gas Leak Detector Market, By Application:
Global Gas Leak Detector Market, By Technology:
Fixed Gas Leak Detector
Portable Gas Leak Detector
Industrial
Commercial Establishment
Residential
Others
Oil & Gas
Chemicals
Power Generation
Shopping Malls
Hotels
Others
Electrochemical
Infrared
Semiconductor
Ultrasonic
Others (Holographic, etc.)
𝗥𝗲𝗴𝗶𝗼𝗻𝗮𝗹 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀:
» North America: United States, Canada, and Mexico » South & Central America: Argentina, Chile, Brazil and Others » Middle East & Africa: Saudi Arabia, UAE, Israel, Turkey, Egypt, South Africa & Rest of MEA. » Europe: UK, France, Italy, Germany, Spain, BeNeLux, Russia, NORDIC Nations and Rest of Europe. » Asia-Pacific: India, China, Japan, South Korea, Indonesia, Thailand, Singapore, Australia and Rest of APAC.
𝗚𝗲𝘁 𝗣𝗗𝗙 𝗕𝗿𝗼𝗰𝗵𝘂𝗿𝗲 𝗗𝗶𝘀𝗰𝗼𝘃𝗲𝗿 𝗺𝗼𝗿𝗲 𝗮𝗯𝗼𝘂𝘁 𝗿𝗲𝗽𝗼𝗿𝘁 𝗮𝗻𝗮𝗹𝘆𝘀𝗶𝘀 𝘄𝗶𝘁𝗵 𝗳𝗶𝗴𝘂𝗿𝗲𝘀 𝗮𝗻𝗱 𝗱𝗮𝘁𝗮 𝘁𝗮𝗯𝗹𝗲𝘀, 𝗮𝗹𝗼𝗻𝗴 𝘄𝗶𝘁𝗵 𝘁𝗵𝗲 𝘁𝗮𝗯𝗹𝗲 𝗼𝗳 𝗰𝗼𝗻𝘁𝗲𝗻𝘁𝘀: https://www.coherentmarketinsights.com/insight/request-pdf/2096
Market Trends:
There are a few trends in the Gas Leak Detector market that might help organisations develop more successful tactics. The study includes the most up-to-date information on current developments. This knowledge is useful for businesses to plan on producing substantially enhanced items, as well as for customers to gain a sense of what will be available in the future.
Market Drivers:
The Gas Leak Detector Market is primarily driven by a few important aspects, including increasing product appeal among consumers, effective promotional techniques in previously untapped markets, and significant investments in product development. Furthermore, businesses are attempting to keep up with rising demand and deliver the appropriate volume of products to the market.
Competitive Landscape
The degree of competition among significant global corporations has been illuminated through an examination of various key global players. The expert team of research analysts throws light on many aspects of the Gas Leak Detector market, including global market competition, share, current industry developments, innovative product launches, partnerships, mergers, and acquisitions by key firms. Research approaches were used to analyse the leading players in order to gain insight into global competition.
Reason to Buy:
• Save time and effort while conducting entry-level research by determining the global Gas Leak Detector Market's growth, size, key players, and segments.
• Highlights major business priorities to assist businesses in reforming their business strategy and establishing themselves throughout a broad geographic area.
• The major findings and suggestions in this report highlight important progressive industry trends in the Gas Leak Detector Market, helping players to devise effective long-term strategies for maximising market income.
• Develop/modify business expansion strategies that take advantage of significant growth opportunities in developed and emerging regions.
• Examine worldwide market trends and outlook in depth, as well as market drivers and restraints.
• Improve decision-making by learning about the techniques that support commercial interest in terms of products, segmentation, and industry verticals.
𝗚𝗲𝘁 𝟮𝟬𝟬𝟬 𝗨𝗦𝗗 𝗗𝗶𝘀𝗰𝗼𝘂𝗻𝘁 𝗼𝗻 𝗕𝘂𝘆𝗶𝗻𝗴 𝘁𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁: https://www.coherentmarketinsights.com/promo/buynow/2096
FAQ’S:
➣ Which are the Gas Leak Detector market's top five players? ➣ What will happen to the Gas Leak Detector market in the next five years? ➣ Which product and application will account for the majority of the Gas Leak Detector market? ➣ What are the market drivers and restraints for Gas Leak Detector market? ➣ Which regional market is expected to grow the most? ➣ What will be the Gas Leak Detector market's CAGR and size during the forecast period? ➣ How big is the Gas Leak Detector market and how fast is it estimated to grow? ➣ What are the main reasons propelling the Gas Leak Detector Market forward? ➣ Over the forecast period, which applications and product segments are expected to be the most profitable?
𝗧𝗮𝗯𝗹𝗲 𝗢𝗳 𝗖𝗼𝗻𝘁𝗲𝗻𝘁:
1. Market Overview
¤ Research Objective and Assumption ¤ Research Objectives ¤ Assumptions ¤ Abbreviations
2. Market Purview
¤ Report Description ¤ Market Definition and Scope ¤ Executive Summary • Market Snippet, By Function • Market Snippet, By Application • Market Snippet, By Region ¤ Coherent Opportunity Map (COM)
3.Market Dynamics, Regulations, and Trends Analysis
¤ Market Dynamics • Drivers • Restraints • Market Opportunities • Regulatory Scenario • Industry Trend • Merger and Acquisitions • New system Launch/Approvals • Value Chain Analysis • Porter’s Analysis • PEST Analysis
Continue...
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Global Automated Windows Market Opportunities, Latest Innovations, Top Players and Forecast by 2027 | Impact of COVID-19
Automated windows, also known as power windows, are equipped with an electric opener system that opens or closes windows when required or monitoring the outer environment. These windows are activated via infrared-based sensors that can detect the movement and also provide sustainable safety, security, and comfort in the event of a gas leak, avoiding the damage. Automated windows are installed in smart homes and offices to automate and to safeguard premises.
These windows are also installed at the drive-thru windows, such as in a fast-food restaurant or pharmacy. Over the last decade, budgets approved for infrastructure development across the globe have increased significantly. In commercial applications, automated windows can be found at airports, hospitality, healthcare, and educational buildings. The residential sector is too moving ahead vigorously, witnessing a huge uptake of automated windows.
Global Automated Windows Market – Competitive Analysis
The automated windows market appears to be competitive due to the presence of several well-established players. To gain a larger competitive share, these players initiate strategic moves such as mergers & acquisitions, collaboration, innovation, and brand reinforcement. The market would witness intensified competition with innovations and an increase in R&D investments and M&A.
Major Players:
Players leading in the automated windows market are Automated Door Systems (ADS) (UK), Aumüller Aumatic GmbH (Germany), Colt International Pty Limited (Australia), D+H Mechatronic AG (Germany), GEZE GmbH (Germany), EBSA (Australia), Kintrol (Australia), JLC Automation Services (UK), SE Controls (UK), and Pella Corporation (US), among others.
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In commercial applications, automated windows can be found at airports, hospitality, healthcare, and educational buildings. Technological advances in cloud-based connectivity and the Internet of Things (IoT) boost the automated windows market share. Additionally, advances in smart and connected devices, alongside the growing IoT penetration, foster market growth.
Conversely, the lack of awareness and compliance requirements with several regulatory codes & standards are major factors projected to impede the market growth. Nevertheless, the rising demand for smart homes and industrial safety and security against smoke, fire, and heat would support market growth.
Global Automated Windows Market – Segmentation
The Global Automated Windows Market forecast is segmented into products, components, applications, and regions. The product segment is sub-segmented into electric, mechanical, and hybrid. The component segment is sub-segmented into sensors & detectors, control panels, motors & actuators, switches, and others.
The application segment is sub-segmented into residential, commercial, industrial, and others. The region segment is sub-segmented into North America, Europe, APAC, and the Rest-of-the-World.
Automated Windows Market – Geographical Analysis
Europe dominates the global automated windows market. The largest market share attributes to the increasing adoption of automation and smart home projects across the region. Besides, the proliferation of smart & connected devices and the wide penetration of the Internet stimulate the growth of the window automation market.
The region witnesses extensive installation of automated windows carrying out efficient heating and cooling in extreme weather conditions. Simultaneously, the regulatory mandates introduced in the region, alongside the presence of a large untapped consumer base, provide impetus to the market growth.
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Industry/Innovation/ Related News
December 2, 2020 ---- Smart Citizens Platform (Europe) introduced smart home automation solutions are driven by artificial intelligence to UAE residents. Despite being a start-up, Smart Citizens has endeared itself in Dubai and the rest of the UAE with its smart home automation, helping home and office owners to enjoy maximum luxury.
With its smart products designed to enhance comfort, Smart Citizens solutions are growing immensely popular for their security and comfort. Using artificial intelligence, smart homes are far more secure than regular homes, especially in the event of gas leaks, opening automated windows.
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Leak Detection Market for Oil and Gas Industry Size, Share, Trends, Growth - Forecast and Analysis 2020-2024
Leak Detection Market for Oil and Gas Industry will register a CAGR of 6% during 2020-2024. The market’s growth momentum will Accelerate.
Growing upstream investment | Increase in number of industry safety performance standards | Rise in emphasis on ensuring safety of workers across end-user industries will be one of the major factors driving the growth of this market. Additionally, key Leak Detection Market for Oil and Gas Industry trends such as the Increase in number of industry safety performance standards will also influence market growth during the forecast period.
Leak Detection Market for Oil and Gas Industry Size
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During the forecast period, the Leak Detection Market for Oil and Gas Industry size will grow by $ 817.56 mn.
Leak Detection Market for Oil and Gas Industry : Vendors
The market is fragmented and owing to the growth opportunities, the level of competition among the companies in this market space will intensify further. are some of the major companies in the Leak Detection Market for Oil and Gas Industry. Though the forecast period offers opportunities for vendors to increase their market share, factors such as the Complexity of leak detection in harsh working conditions | Rising numbers of false alarm rates | Volatility in oil and gas prices will also challenge the growth of the companies.
Emerson Electric Co. | FLIR Systems Inc. | Honeywell International Inc. | nVent Electric Plc | Pentair Plc | Perma-Pipe International Holdings Inc. | Schneider Electric SE | Siemens AG | SONOTEC GmbH | Xylem Inc..list
are some of the companies covered in Technavio’s Leak Detection Market for Oil and Gas Industry report for 2020-2024.
Leak Detection Market for Oil and Gas Industry : Region-level Analysis
The report identifies region-level market dynamics, developments, and key markets. The regional level analysis also identifies the market share, growth momentum, and key leading countries in the Leak Detection Market for Oil and Gas Industry.
The North America will account for the largest Leak Detection Market for Oil and Gas Industry share and during 2020-2024, the region will contribute to 41% of the market’s growth.
In addition to regions and the key companies involved, Technavio’s Leak Detection Market for Oil and Gas Industry report also analyzes the market by Fixed leak detectors | Portable leak detectors | North America | Europe | APAC | MEA | South America | Downstream | Upstream | Midstream.comma
Our Custom Research Solutions can provide tailored Leak Detection Market for Oil and Gas Industry information to meet your specific requirements.
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Global Ultrasonic Gas Leak Detector Market – Industry Analysis and Forecast (2019-2027)
Global ultrasonic gas leak detector market size was US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of 3% during the forecast period.
📷
The report study has analyzed revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis.
To know about the Research Methodology :- Global Ultrasonic Gas Leak Detector Market Definition
Ultrasonic gas leak detector is an advanced and most recent gas leak detection device which uses one or more than oneultra-sensitive acoustic sensors to continuously monitor and detect leaks in air lines. It is widely used on gas lines or coolant lines for leak detection application. Global Ultrasonic Gas Leak Detector Market Dynamics
A surge in the adoption of ultrasonic gas leak detectorsto monitor well ventilated outdoor environmental applications such as remote sensing applicationsis the major driving factor behind the growth of the market.A growing demand for ultrasonic sensors for various industrial applications, increasing demand for ultrasonic gas leak detectors in oil & gas industry to detect leakages in storage tanks and pipelines at production facilities, ongoing expansion and development of present pipelines and rising investments for the construction of new pipelines, increasing oil & gas production and exploration activities across the globe and rising importance of ultrasonic gas leak detectors in complex, outdoor pipeline systems are expected to improve growth of the marketduring the forecast period.
Nevertheless, possibility of background interference and limited availability of advanced technologies are the major restraining factors that could hamper the growth of the market. Global Ultrasonic Gas Leak Detector Market: Segmentation Analysis
By product type, the fixed leak detector segment dominated the market in 2019 and is expected to maintain its dominance at a CAGR of XX% during the forecast period.Fixed leak detectors are widely installed in various industries with the major goal toprovide constant, personnel and area protection to the industry. These detectors are designed and manufactured to notify workers about the possible danger of exposure by toxic gases and combustible gases. In addition, rising adoption of fixed leak detectors in chemical and oil and gas industries owing to their robust design and capability to withstand in harsh climatic conditions is expected to improve growth of the marketduring the forecast period. However, portable leak detector segment is projected to witness fast growth at a CAGR of XX% during the forecast period.
By application, the industrial segment is projected to witness fast growth at a CAGR of XX%.Aportable gas leak detector is a type of handheld gas leak detectors which are carried or worn by an individual. A growing adoption of portable gas leak detectors in residential and commercial applications to detectflammable or poisonous gasis driving the market growth. Also rising demand for portable leak detectors in these applications owing to its benefits such as low cost, compact size and lightweight is further likely to expand market growth during the forecast period. Global Ultrasonic Gas Leak Detector Market: Regional Analysis
Region-wise, Asia Pacific held the largest market share in 2019 and is expected to maintain its dominance at a CAGR of XX% during the forecast period. The economies such as China, Japan, India, and South Korea are the major key contributors behind the growth of the market. The growth is attributed to the high adoption of ultrasonic gas leak detectors of various residential, commercial, industrial, and outdoor applications.
Growing market for oil and gas industry across the region, rising stringent government regulations to adoptultrasonic gas leak detection systems for the safety of work environments, escalating consumption of oil & natural gas and increasing environmental concerns to avoid air pollution, surge in the demand for employee or worker safety at production facilities and expanding oil and gas production are driving the growth of the market in APAC region
The objective of the report is to present a comprehensive analysis of the Global Ultrasonic Gas Leak Detector Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Ultrasonic Gas Leak Detector Market dynamics, structure by analyzing the market segments and projects the Global Ultrasonic Gas Leak Detector Market. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Ultrasonic Gas Leak Detector Market make the report investor’s guide. Scope of Global Ultrasonic Gas Leak Detector Market: Inquire before buying
Global Ultrasonic Gas Leak Detector Market, By Product Type
• Portable Leak Detector • Fixed Leak Detector Global Ultrasonic Gas Leak Detector Market, By Application
• Residential • Industrial • Commercial Global Ultrasonic Gas Leak Detector Market, By Region
• North America US Canada • Europe UK France Germany Italy Spain Norway Russia • Asia Pacific China India Japan South Korea Australia Malaysia Indonesia • South America Brazil Mexico Argentina • Middle East and Africa Global Ultrasonic Gas Leak Detector Market, Key Players
• Mitchell Instrument Company • Amprobe • SKF • UE Systems • Honeywell International Inc • Mine Safety Appliances or (MSA) • ABB • Industrial Scientific • Yokogawa Electric Corporation • Drägerwerk AG & Co. KGaA • Emerson Electric Co • Johnson Controls • Total Temperature Instrumentation, Inc • PCE Deutschland GmbH • SONOTEC GmbH • Mistras Group Inc • Spectris Plc • XX • XX
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Low Power Wide Area Network Market Professional Survey, Industry Growth 2018-2026
The Low power wide area network market is expected to grow from USD 1.3 Billion in 2018 to USD 25.4 Billion by 2026, at a CAGR of 52.9% during the forecast period. Increasing usage long range connectivity between devices, increasing adoption of advanced technologies like, IoT and M2M, lesser power consumption, lesser technology cost, increasing demand for connectivity in various industries, rise of advanced technologies, such as smart cities and smart buildings, and emergence of smart and intelligent devices are some of the driving factors of the market.
The issues faced by enterprises data security concerns, no governance of low power wide area network (LPWAN) services, increasing data traffic due to increasing internet usage and no LPWAN standards. These may be the major restraining factor for the low power wide area network market.
Players will require increased investments to tackle these restraints and facilitate growth in the coming years. This report comprises drivers, restraints, opportunities, and challenges pertaining to the Low power wide area network market; and extensive value chain analysis, patent analysis, analysis of the current manufacturing capability and technology status, commercialization potential in different devices, along with market size forecasts till 2026.
The report “Low power wide area network market by connectivity technology (SIGFOX, LoRaWAN, weightless and others), technology service (managed services and professional Services), network deployment (public sector and private sector), end user application (smart waste management, smart buildings, smart gas and water metering, smart streetlights, smart parking, livestock monitoring and others), Industry Vertical (agriculture, smart logistic and transportation,, healthcare, industrial manufacturing, oil and gas, consumer electronics and others), and Geography - Global Forecast 2026” is available now to Reports and Data customers and can also be purchased directly at: https://www.reportsanddata.com/sample-enquiry-form/1078
Further key findings from the report suggest
The Low power wide area network market is expected to grow from USD 1.3 billion in 2018 to USD 25.4 billion by 2026, at a CAGR of 52.9% during the forecast period.
The major contributing factors for the growth of the market for Low power wide area network can be increasing usage long range connectivity between devices, increasing adoption of advanced technologies like, IoT and M2M, lesser power consumption, lesser technology cost, increasing demand for connectivity in various industries, rise of advanced technologies, such as smart cities and smart buildings, and emergence of smart and intelligent devices.
The Low power wide area network market is segmented by technology service into managed services and professional services. Managed services mostly dominate the market with a market share of approximately USD 0.8 Billion in the base year, since they leverage partnerships with prime satellite and mobile networks to offer high-end managed services to end user application providers, system integrators, and end user clients.
The Low power wide area network market is segmented by network deployment into public sector and private sector. Public sector is to witness highest growth, at a CAGR of 53.1% in the forecast period, since it is used by government enterprises, for instance, municipal corporation focuses on developing their services such as, trash, parking, streetlights, water meters and leak detectors, and more.
The Low power wide area network market is segmented by end user application into smart waste management, smart buildings, smart gas and water metering, smart streetlights, smart parking, livestock monitoring and others. Smart gas and water metering dominates the market with a market share of approximately USD 0.14 Billion in the base year, since LPWAN helps the segment in greater standardization between different smart meter manufacturers and vendors.
The Low power wide area network market is segmented by industry vertical into agriculture, smart logistics and transportation, healthcare, industrial manufacturing, oil and gas, consumer electronics and others. Oil and gas segment is expected to witness the highest growth at a CAGR of 53.4% in the forecast period, since the technology will provide the segment with benefits such as plant automation, process optimization, supply chain optimization, increased safety, integrated business processes, and corporate social responsibility.
The Low power wide area network market is segmented by geography into North, America, Europe, Asia Pacific and Rest of the World. The APAC region is expected to grow at the highest CAGR of 54.1% during the forecast period, since it is rapidly adopting M2M communication end user applications, which adds to the growth of Low power wide area network market in this region.
Key players with in Low power wide area network market are LORIOT (Switzerland), Semtech Corporation (California), NWave Technologies (London), WAVIoT (Texas), SIGFOX (France), Ingenu (San Diego), Link Labs (Maryland), Weightless SIG, and Senet, Inc. (Portsmouth).
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Industrial Safety Market with COVID-19 Impact by Component (Presence Sensing Sensors, Safety Switches, Programmable Safety Systems, Emergency Stop Devices), System (ESD, HIPPS, TMC, BMS, and F&GM), Industry, and Region - Global Forecast to 2025 published on
https://www.sandlerresearch.org/industrial-safety-market-with-covid-19-impact-by-component-presence-sensing-sensors-safety-switches-programmable-safety-systems-emergency-stop-devices-system-esd-hipps-tmc-bms-and-fgm-in.html
Industrial Safety Market with COVID-19 Impact by Component (Presence Sensing Sensors, Safety Switches, Programmable Safety Systems, Emergency Stop Devices), System (ESD, HIPPS, TMC, BMS, and F&GM), Industry, and Region - Global Forecast to 2025
“Industrial safety market to exhibit significant growth during 2020–2025”
The global industrial safety market is estimated to grow from from USD 5.6 billion in 2020 to USD 7.7 billion by 2025, at a CAGR of 6.7%. The adoption of standards such as IEC 61508 and IEC 61511 has led to increased dependency on industrial safety systems to attain the mandatory risk reduction targets. IEC 61508 and IEC 61511 are performance-based standards that promote the concept of the industrial safety life cycle. The widespread adoption of these standards, coupled with increased awareness about the need for industrial safety management and competency at both individual and organizational levels, has seen a step change in the direction to undertake specified industrial safety activities.
“Market for worker safety to grow at higher CAGR during forecasted period”
Worker safety systems are implemented in manufacturing industries to ensure high productivity and reduce energy consumption during the production process. The smart worker solution is used to increase worker safety in industrial environments, along with tracking their work in the most efficient way. Smart worker solutions consist of many hardware and real-time software solutions, such as protective textile equipment, head protection equipment, eyewear, and protection devices, which are connected remotely using wireless connectivity technologies and embedded with software.
“Market for fire & gas monitoring system to grow at highest CAGR during forecast period“
Currently, the industrial safety market for fire & gas monitoring system is expected to grow at the highest CAGR during forecasted period. A Fire & gas monitoring system maintains the overall safety and operation of industrial facilities. Incorrect detector placement and poor environmental conditions can prevent the system from detecting hazardous gas leak or flame, even when it is functioning properly. If a safety hazard is undetected, then the appropriate safety action (shut down, deluge, venting, and others) cannot be initiated. Hence, detector placement is extremely crucial. Fire & gas monitoring systems are widely used in industries such as petrochemicals, manufacturing, power, pharmaceuticals, healthcare, paper & pulp, and mining.
“APAC is projected to grow at a higher CAGR during the forecast period.”
APAC is expected to be the fastest-growing market for industrial safety. China and India to remain lucrative growth markets for manufacturers of industrial safety. With growing manufacturing sectors, India has become one of the fastest-growing countries in the adoption of industrial safety. Due to the outbreak of COVID-19, various companies in APAC to witnessed a decline in demand for industrial safety. The company has been temporarily stalling new projects. As lockdown restrictions continue, the demand is expected to remain below normal forcing utilities to reconsider their capital expenditure.
Profile break-up of primary participants for the report is given below:
By Company Type – Tier 1 = 52%, Tier 2 = 31%, and Tier 3 = 17%
By Designation – C-level Executives = 47%, Directors = 31%, and Others = 22%
By Region – North America = 44%, Europe = 25%, APAC = 21%, and RoW = 10%
The study includes an in-depth competitive analysis of these key players in the industrial safety market, with their company profiles, recent developments, and key market strategies. ABB Ltd. (Switzerland), Emerson Electric Co. (US), General Electric Co. (US), Honeywell International Inc. (US), HIMA Paul Hildebrandt GmbH (Germany), Schneider Electric SE (France), Rockwell Automation, Inc. (US), Siemens AG (Germany), Yokogawa Electric Corp. (Japan), and Omron Corporation (Japan) are among the major players in the industrial safety market.
The global industrial safety market is segmented into type, system, component, industry, and region. The market based on type is segmented into machine safety and worker safety. Based on the components, the industrial safety market has been split into presence sensing safety sensors, safety interlock switches, safety controllers/modules/safety relays, programmable safety systems, emergency stop controls, two-hand safety controls, and others. The systems that are included in the study of the industrial safety market are emergency shutdown system (ESD), fire & gas monitoring system, high-integrity pressure protection system (HIPPS), burner management system (BMS), and turbo machinery control system (TMC). The industrial safety market is segmented into 4 regions, namely North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW).
Reasons to buy the report:
Illustrative segmentation, analysis, and forecast of the market based on type, component, system, industry, and region have been conducted to give an overall view of the industrial safety market.
A value chain analysis has been performed to provide in-depth insights into the industrial safety market.
The key drivers, restraints, opportunities, and challenges pertaining to the industrial safety market have been detailed in this report.
Detailed information regarding the COVID-19 impact on the industrial safety market has been provided in the report.
The report includes a detailed competitive landscape of the market, along with key players, as well as in-depth analysis of their revenues
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Global Gas detector Market Revenue, Opportunity, Forecast 2020 - 2025
The global gas detector market is predicted to have a significant growth at a notable CAGR over the forecast period (2019-2025), states the new Market Research Future (MRFR) report. A gas detector, simply put, is a device which helps in detecting the presence of gases, often as a safety system. It is generally used for detecting gas leaks or other emissions. Such detectors use wireless technology such as ZigBee, Wi-MAX, Wi-Fi, and Bluetooth for connecting to desktops, tablets, or smartphones. Various sensors are used in these detectors such as electrochemical gas sensors, semiconductor sensors, infrared sensors, and ultrasonic sensors. Gas detection equipment has a wide range of applications, including household activities, wastewater treatment facilities, automobiles, industrial plants, and refineries.
Various factors are propelling the gas detector market growth. These factors, as stated by the MRFR report, include increasing production of shale gas, improvement in extraction technology, growing demand for workers safety in plants, and rising safety concerns in commercial and industrial spaces. Additional factors propelling market growth include growing demand for gas monitoring equipment for detecting hazardous gases, escalating demand for safety in household and medical sectors in emerging countries, shift towards natural gases, and directives laid down by the government to boost safety measures in the industrial workplace.
On the contrary, the slowdown in the construction, industrial, and manufacturing industry growth may deter the gas detector market growth over the forecast period.
Market Segmentation
The Market Research Future report provides a wide segmental analysis of the gas detector market based on technology, product, and end use.
Based on product, the gas detector market is segmented into portable gas system and fixed gas system. Of these, the fixed gas system segment will have the maximum share in the market over the forecast period.
Based on technology, the gas detector market is segmented into multi-gas detection and single-gas detection. Of these, the single gas detection segment will dominate the market over the forecast period.
Based on end use, the gas detector market is segmented into industrial, commercial, and household sectors. The industrial sector is further segregated into semiconductors, water treatment, mining, chemicals, and specialty chemicals, oil and gas, and others. Of these, the industrial sector will lead the market over the forecast period.
Regional Analysis
Based on the region, the gas detector market report covers growth opportunities and the latest trends across North America, Asia Pacific (APAC), Europe, and the Rest of the World (RoW). Of these, APAC will command the market over the forecast period. This is due to the growing number of greenfield projects in this region. India, the Philippines, and China are the key contributors in the region.
In North America, the gas detector market is predicted to have favorable growth over the forecast period. This is owing to the growing demand from several end use industries and the rising industrial activities in the region. Advanced safety systems installation has become compulsory due to government regulations in Canada and the US. The increasing awareness concerning the hazardous effects of carbon monoxide from the National Fire Protection Association and the US Consumer Product Safety Commission, is further boosting the market growth in this region.
The gas detector market in Europe is predicted to have a healthy growth over the forecast period. This is due to the strict regulations that have been enforced by regulatory bodies to ensure the safety of workers and plants. Gas detection equipment is extensively used in several European countries, including Russia, Italy, France, Germany, and the UK. Water and wastewater treatment, petrochemicals, oil and gas, and chemicals are the key industries that are generating maximum revenue for gas detection equipment in the European region.
The gas detector market in the Rest of the World is predicted to have a notable growth over the forecast period. This is owing to heavy investments made by international companies in these regions for gas detection equipment projects.
Key Players
Leading players profiled in the gas detector market report include Sensor Electronics (US), Thermo Fisher Scientific Inc. (US), Emerson Electric Co. (US), General Electric Company (US), Honeywell International (US), Siemens AG (Germany), MSA (US), Drägerwerk AG & Co. KGaA (Germany), Industrial Scientific (US), and RKI Instruments, Inc. (RKI) (US).
July 2019: Researchers at the Institute of Bioengineering of Catalonia and Faculty of Physics of the University of Barcelona have designed a SNAV nanodrone for detecting toxic gases during emergencies. This will prove useful at the time of rescue operations, especially in collapsed buildings due to explosions and earthquakes.
Browse Complete Report "gas detector market Research Report - Global Forecast 2025" @ https://www.marketresearchfuture.com/reports/gas-detection-equipment-market-7720
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LDAR Market Is Booming All Time High Due To Increasing Oil And Gas Pipeline Infrastructure
San Francisco, 31 May 2019 — The global leak detection and repair market size is anticipated to reach USD 24.47 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 5.4% during the forecast period. Leaking equipment, pumps, valves, and connectors in the oil & gas industry are the major sources of volatile hazardous air pollutants (VHAP) and volatile organic compounds (VOC) emissions. EPA has laid down LDAR regulations for monitoring of such equipment for possible leakages. An LDAR program is a system of procedures that help to reduce emission of VOCs and VHAPs. This program conducts audits of all components in the oil and gas industries and detects changes, if any, such as changes in gas emission level or temperature level.
Methane is a dominant greenhouse pollutant and is considered 80 times more powerful and harmful than carbon dioxide, a major greenhouse gas. In addition, methane contributes approximately 25.0% to global warming. Hence, various governments are introducing regulations and initiatives to reduce methane emissions.
Apart from government initiatives, various oil and gas producers, transmission, and distribution companies in the U.S. are actively collaborating to devise measures and deploy systems to reduce methane emission. Our Nation’s Energy Future (ONE Future) initiative was formed by 8 major U.S. companies (including Southwestern Energy, BHP Billiton Ltd., and Apache Corp.) in 2014 with an emphasis on collectively achieving methane emissions to one percent (or less) of the total natural gas production. Moreover, developments in oil and gas pipeline in countries in Asia Pacific such as China and India, due to rising energy demand, are expected to boost the growth of the market over the forecast period.
Both portable and fixed gas leak detection systems are used to detect leaks in the oil and gas industry. Currently, most of the oil and gas pipelines are equipped with flow rate measurement sensors. In case of a leak, sensors detect drops in pressure. However, according to a report by the U.S. Department of Transportation, these sensors are successful in detecting leaks only around 40.0% of the time.
To request a sample copy or view summary of this report, click the link below: www.grandviewresearch.com/industry-analysis/leak-detection-repair-ldar-market
Further key findings from the report suggest:
Low-cost operation, high accuracy, and sensitivity in leak detection, environmental concerns regarding emission of harmful greenhouse gases, and support provided by governments and regional associations are among the primary growth stimulants for the market
Presence of the largest oil and gas pipeline network and concentration of major oil and gas producing and refining companies in North America are expected to offer a high-potential market for the deployment of gas leak detection, monitoring, and repair systems over the forecast period
Major American and European oil & gas companies are focusing on increasing their presence in Asia Pacific through acquisitions and investments
National oil companies in APAC such as Oil and Natural Gas Corporation, China National Offshore Oil Corporation, and Petronas are also expanding their operations to capitalize on the region’s rapidly growing market
Latin American Energy Organization (OLADE) is focusing on development of natural gas-based energy generation infrastructure through public-private partnerships. Natural gas is expected to play a vital role in the development.
Grand View Research has segmented the global leak detection and repair (LDAR) market based on product, technology, and region:
Leak Detection and Repair Product Outlook (Revenue, USD Million, 2014–2025)
Handheld Gas Detectors
UAV-based Detectors
Vehicle-based Detectors
Manned Aircraft Detectors
Leak Detection and Repair Technology Outlook (Revenue, USD Million, 2014–2025)
Volatile Organic Compounds (VOC) Analyzer
Optical Gas Imaging (OGI)
Laser Absorption Spectroscopy
Ambient/Mobile Leak Monitoring
Acoustic Leak Detection
Audio-Visual-Olfactory Inspection
Leak Detection and Repair Regional Outlook (Revenue, USD Million, 2014–2025)
North America
US.
Canada
Europe
UK.
Germany
Russia
Asia Pacific
China
Japan
India
Latin America
Brazil
Mexico
Venezuela
Middle East & Africa
Access Official Press Release Of This Report: www.grandviewresearch.com/press-release/global-leak-detection-repair-ldar-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
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Refrigerant Leak Detectors Market to Record an Exponential CAGR by 2025
The leakage in a refrigerant system affects the sealed system and its performance in an adverse manner. The running system of the refrigerant system increases due to the leakage of refrigerant. The pressure in the system will be affected and there will be a shortage of refrigerant liquid in the refrigerant system. Due to the changes in pressure, the unwanted air will enter the system and the moisture so created will affect the system very badly. This leakage of the system can be detected with the help of refrigerant leak detectors. Refrigerant leak detectors can be halide lead detectors or electronic lead detectors. The halide leak detectors detect the leakage from the refrigerant system by passing the gas through the tube at high temperature. This gas is now passed through the copper which will change its color to bright green and the presence of leakage in the refrigerant system can be detected. The electronic leak detectors work as the leakage air passes through the sampling tube by means of a cooling fan. Now the air from the refrigerant will increase the positive ions and thereby the electric signal is produced which will give the signal in the form of audible or video signal. The electronic refrigerant leak detectors are more efficient as they can detect very small leakage from the refrigerant system.
The driving factor for the market is the rising use of automated products in the developing regions. The consumers of the refrigerant system are rising and this will propel the growth of refrigerant leak detectors market. Another factor driving the growth of the refrigerant leak detectors market is the demand by the consumers on the use of energy efficient products. The consumers are aware of the environment-friendly nature and demand the manufacturers thereby increasing the sales of refrigerant leak detectors market. The trend in the refrigerant leak detectors market is the increasing use of IoT for the monitoring. This factor will enable manufacturing of refrigerant leak detectors in a flexible way and provide accurate conditions in the market. This has also allowed the use of detectors in the market without affecting the flow of safety conditions in different products. The Ethernet based networks in the refrigerant leak detectors market will allow the market to manufacture detectors with high speed, low expenditure and lesser impact on the environment.
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The refrigerant leak detectors market can be segmented on the basis of geography into seven regions as North America, Eastern Europe, Western Europe, Latin America, Japan, APEJ, and MEA. North America is the leading region in the market with the highest number of sales by the region as it has globally been able to create opportunities in the market. The developed regions in North America has been to give technological advancements in the region with the growing sales to the growth of refrigerant leak detectors market. APAC and Latin America is also the growing region in the market and is expected to be leading in the forecast period. This is due to the developing regions adopting automation of its products as the factor to see the economic advancement in the region, thereby increasing the growth of refrigerant leak detectors market.
The refrigerant leak detectors market will see the growth in the market when the type of detector used in the market will be more efficient. The electronic refrigerant leak detectors being more efficient than the halide refrigerant leak detectors due to detecting the very small leakages in the refrigerant system are more demanding in the market. Similarly, the rising use of refrigerant leak detectors in the industrial field will propel the growth in various regions and will be driving the sales of detectors market as the industrial sector is a vast market for the regions to be economically advanced.
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Leak Detection Market for Oil and Gas Industry by Product, End-user, and Geography - Forecast and Analysis 2020-2024
Leak Detection Market for Oil and Gas Industry will register a CAGR of 6% during 2020-2024. The market’s growth momentum will Accelerate.
Growing upstream investment | Increase in number of industry safety performance standards | Rise in emphasis on ensuring safety of workers across end-user industries will be one of the major factors driving the growth of this market. Additionally, key Leak Detection Market for Oil and Gas Industry trends such as the Increase in number of industry safety performance standards will also influence market growth during the forecast period.
Leak Detection Market for Oil and Gas Industry Size
Get a FREE sample for more insights on the growth and the market share of various regions
During the forecast period, the Leak Detection Market for Oil and Gas Industry size will grow by $ 817.56 mn.
Leak Detection Market for Oil and Gas Industry : Vendors
The market is fragmented and owing to the growth opportunities, the level of competition among the companies in this market space will intensify further. are some of the major companies in the Leak Detection Market for Oil and Gas Industry. Though the forecast period offers opportunities for vendors to increase their market share, factors such as the Complexity of leak detection in harsh working conditions | Rising numbers of false alarm rates | Volatility in oil and gas prices will also challenge the growth of the companies.
Emerson Electric Co. | FLIR Systems Inc. | Honeywell International Inc. | nVent Electric Plc | Pentair Plc | Perma-Pipe International Holdings Inc. | Schneider Electric SE | Siemens AG | SONOTEC GmbH | Xylem Inc..list
are some of the companies covered in Technavio’s Leak Detection Market for Oil and Gas Industry report for 2020-2024.
Leak Detection Market for Oil and Gas Industry : Region-level Analysis
The report identifies region-level market dynamics, developments, and key markets. The regional level analysis also identifies the market share, growth momentum, and key leading countries in the Leak Detection Market for Oil and Gas Industry.
The North America will account for the largest Leak Detection Market for Oil and Gas Industry share and during 2020-2024, the region will contribute to 41% of the market’s growth.
In addition to regions and the key companies involved, Technavio’s Leak Detection Market for Oil and Gas Industry report also analyzes the market by Fixed leak detectors | Portable leak detectors | North America | Europe | APAC | MEA | South America | Downstream | Upstream | Midstream.comma
Our Custom Research Solutions can provide tailored Leak Detection Market for Oil and Gas Industry information to meet your specific requirements.
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Apac Gas Leak Detectors Market to Register Steadfast CAGR of 5.8% in Terms of Value Over Forecast Period, 2016-2024
“Rapid adoption rate and growing preference for gas leak detectors will create lucrative market opportunities for manufacturers operating in the APEC region during the next eight years. Further, convenience of mobility coupled with ease of handling offered in latest gas leak detectors is expected to fuel their demand across various industrial domains” – PMR
Persistence Market Research (PMR) in its latest outlook titled “Gas Leak Detectors Market: APAC Industry Analysis and Forecast, 2016-2024,” projects that the gas leak detectors market in APAC is set to witness a pronounced growth, expanding at a CAGR of 5.9% in terms of value over the forecast period (2016-2024). The market is expected to be governed by trends such as development, adoption and use of advanced technologies such as Internet of Things (IoT) and artificial neural network technology, becoming more prevalent over the forecast period.
Market Overview
PMR’s report delivers key insights on APAC gas leak detectors market, which is foreseen to reach US$ 1,647 Million by the end of 2024. The market growth will be primarily driven by the expansion of key end user industries such as oil & gas, chemicals and petrochemicals. In addition, increasing natural gas exploration activities and setting up of numerous oil refineries in the region is projected to drive the market during the assessment period. Gas leak detectors are being rapidly installed in residential and commercial vicinities, which is further anticipated to influence the growth of APAC gas leak detectors market in the near future. Also, healthy penetration of emergency systems in ASEAN countries and India is translating into higher demand for gas leak detectors.
A sample of this report is available upon request @ https://www.persistencemarketresearch.com/samples/13756
Demand for Portable Gas Leak Detectors Expected to Gain Maximum Traction over 2024
Based on product type, portable gas leak detectors is expected to register the highest growth in terms of value, witnessing a 6.2% CAGR over the forecast period. The segment is set to gain around 130 basis points by the end of 2024.
On the basis of technology type, the electrochemical segment is projected to command for a significant value share of the market by closing end of the assessment period.
Due to a sturdy expansion of chemicals and petrochemical sectors, gas leak detectors will find broader application in such industries. Hence, the industrial application segment will grow steadily throughout the projected period.
APAC Gas Leak Detectors Market: Country Wise Projection
In 2015, China accounted for the predominant share of the market in terms of value attributed to the strong presence of major end use industries in the country. The market in Chine is expected to maintain its leading position throughout the forecast period. Meanwhile, markets in India and in ASEAN countries is anticipated to register stout growth. Japan will continue to be the second largest market for gas leak detectors in APAC region and is likely to witness a relatively slower growth over the same period.
To view TOC of this report is available upon request @ https://www.persistencemarketresearch.com/methodology/13756
Competitive Dashboard
Key stakeholders in APAC gas leak detectors market include Honeywell International, Inc., Emerson Electric Co., Thermo Fisher Scientific Inc., Drägerwerk AG & Co. KGaA, General Electric, MSA, United Technologies Corporation, Tyco International plc., Industrial Scientific, and New Cosmos Electric Co. Ltd. Most of these companies operating in the market are actively focusing on acquisition of relatively smaller local companies having certain novel product offerings in order to gain a competitive advantage in terms of market consolidation and product offerings.
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Gas Sensors Market Key Players: Trolex Ltd.,Siemens AG, Robert Bosch, Nemoto & Co. Ltd.,NGK Insulators Ltd.,Membrapor AG
Gas Sensors Market: Overview
As the disastrous effects of flammable and toxic gases were discovered, gas leakage detection methods became a serious concern. There arose a need for a system that could notify the concerned authorities about the presence of hazardous gases in an area, and this triggered the innovation of gas sensors.
A gas sensor detects the existence of unwanted gases in the atmosphere, usually as a component of the integrated safety system. Such a sensor is capable of detecting gas leaks and other hazardous emissions and can co-ordinate with the connected control system to process an automatic safety shut down.
Development of portable gas detectors made it even easier to detect harmful gases in the environment. Now, the concerned personnel can use a hand-held gas detection device that is integrated with gas sensors. It provides quicker and more reliable gas detection solution, and is compact and light in weight enabling easy access to tough to reach areas. Moreover, gas sensors are also used in medical breath analysis to check the patient’s health
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Gas Sensors Market: Segmentation
Globally, the gas sensors market can be segmented on the basis of technology as follows:
Infrared gas sensors
Catalytic gas sensors
Photo-ionization detector (PID)
Solid-state gas sensors
Semiconductor sensors
Electro-chemical sensors
With respect to the application, the global gas sensors market can be segmented into:
Automotive applications
Petro-chemical applications
Environmental applications
Building and industrial automation applications
Medical applications
Other applications
Gas Sensors Market: Drivers and Restraint
Development of miniaturized technologies and wireless capabilities is one of the major trends that is expected to drive the global gas sensors market. The safety and security required at workplaces as per the government standards is also anticipated to propel the gas sensors market globally.
However, high initial as well as operational and maintenance costs challenge the markets global growth. Low awareness among the public, the ever-changing technology and the constant product innovation might actually challenge the market growth.
Gas Sensors Market: Regional Outlook
Asia Pacific is expected to be the most lucrative market over the forecast period owing to the rise in negative factors, such as extreme industrialization and pollutant emissions, in countries, such as India.Europe and North America regions are expected to follow APAC and become the second largest contributors to the global gas sensors market.
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Gas Sensors Market: Key Players
Following are some of the key vendors in the global gas sensors market:
Yokogawa Electric Corporation
Trolex Ltd.
Siemens AG
Robert Bosch
Nemoto& Co. Ltd.
NGK Insulators Ltd.
Membrapor AG
GFG Europe Ltd.
Figaro Engineering
Dynament Ltd.
Dragerwerk AG & Co.
City Technologies
Alphasense
Aeroqual Ltd.
ABB Ltd.
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