Quadintel published a recovery-based report for Global “Wireless Gas Detection Market” that provides crucial details on company opportunities, growth plans, trends, innovations, the competitive landscape in 2022, and the geographic outlook. Based on relevant market and regional segmentation, a thorough assessment of this worldwide market includes the historical analysis of this market (from 2023 to 2030) and develops reliable and approximative timeline estimations up to 2030.
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Global Wireless Gas Detection Market is valued approximately USD 1.5 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 4.8% over the forecast period 2021-2027.
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Wireless gas detection is a portable system, which is designed for real-time monitoring of toxic and combustible gases in the environment. It is deployed as a safety system for detecting leakage of hazardous and explosive gases in industry. The detector is generally associated with a control system that automatically restricts the process in case of any emergency or leakage of gases. The growing demand for the wireless gas detector by the chemical industry, continuous technological developments, mergers & acquisitions by the key players, and extensive pertinence of gas detectors for industrial safety & environmental safety are the factors that may accelerate the market demand in the impending years. For instance, In May 2019, MSA Safety Incorporated has accomplished its acquisition of Sierra Monitor Corporation- a supplier of IIoT solutions and fixed gas and flame detection (FGFD) instruments. Thus, these factors may boost the market demand across the globe. However, data security and privacy issues associated with the wireless communication devices impedes the growth of the market over the forecast period of 2021-2027. Also, the rising use of wireless gas monitoring systems in oil and gas drilling and exploration activities is anticipated to act as a catalyzing factor for the market demand during the forecast period.
The key regions considered for the global Wireless Gas Detection market study includes Asia Pacific, North America, Europe, Latin America and the Rest of the World. North America is the leading region across the world in terms of market share owing to the rising needs for the safety of the workers, and the increasing requirement for evading industrial accidents caused by undetected gas leakage. Whereas, Asia-Pacific is anticipated to exhibit the highest CAGR over the forecast period 2021-2027. Factors such as the increasing industrialization lead the pollution issues, coupled with the proliferation of the wireless gas detector products by commercial buildings and public facilities and rising pressure for ensuring workforce safety would create lucrative growth prospects for the Wireless Gas Detection market across the Asia-Pacific region.
Major market player included in this report are:
RAE Systems, Inc.
Yokogawa Electric Corporation
Oldham SAS
Tyco Gas & Flame
AirTest Technologies, Inc.
Bacharach, Inc.
California Analytical Instruments, Inc.
City Technology Ltd.
Crowcon Detection Instruments, Ltd.
Detector Electronics Corporation
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Technology:
Wi-fi
Bluetooth
License-free ISM band
Cellular technology
Others
By Offering:
Hardware
Software
Services
By Application:
Industrial Safety
National Safety and Military Security
Environmental Safety
By End-user industry:
Oil & Gas
Chemicals and Petrochemicals
Utilities and Power Generation
Mining and Metals
Water and Wastewater Treatment Plants
Commercial Buildings and Public Facilities
Government and Military
Discrete Manufacturing Industries
Others
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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Report Include:
- Market Behavior/ Level of Risk and Opportunity
- End Industry Behavior/ Opportunity Assessment
- Expected Industry Recovery Timeline
Key Market Features in Global Market: The report assessed key market features, including revenue, capacity, price, capacity utilization rate, production rate, gross, production, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. The study also offers a thorough analysis of the most important market factors and their most recent developments, as well as pertinent market segments and sub-segments.
In this report, the following important queries are addressed:
- What is the Global market’s sales value, production value, consumption value, import, and export (including North America, Europe, Asia-Pacific, South America, Middle East, and Africa)?
- Who are the major manufacturers in this sector on a global scale? How are their capacity, production, sales, pricing, cost, gross, and revenue operating?
- What are the vendors’ market prospects and risks in the international industry?
- Which product types, end users, or applications might be looking for additional growth prospects? What is each type’s and application’s market share?
- What specific strategies and limitations are keeping the market in check?
- What is the various marketing, sales, and distribution channels in the international market?
- What are the upstream raw materials, as well as the manufacturing machinery?
- What are the market opportunities, market risk, and market overview of this industry?
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