Global Gas Detection Equipment Market 2018-2022 | Emergence of Advanced Sensors Drives Growth | Technavio
Technavio’s global gas detection equipment market research report
forecasts the market to grow at a CAGR of nearly 5% during the
forecast period.
This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20181207005282/en/
Technavio has released a new market research report on the global gas detection equipment market for the period 2018-2022. (Graphic: Business Wire)
The emergence of advanced sensors for gas detection will be one of the
major trends in the global
gas detection equipment market during 2018-2022. The
sensor technology is witnessing a rapid change owing to the increasing
R&D from vendors and growing demand for sensors that can operate
rapidly. The maintenance of advanced sensors is relatively easy with
minimum downtime when compared with traditionally used gas sensors.
Smart sensors provide information on their real-time status in addition
to providing system data.
This report is available at a USD 1,000 discount for a limited time
only: View
market snapshot before purchasing
According to Technavio analysts, one of the key drivers for the global
gas detection equipment market is the growing production volume of shale
gas:
Global gas detection equipment market: Growing
production volume of shale gas
Shale gas has changed the oil and gas energy structure across the globe
owing to the excess supply it brought into the market that decreased the
price of shale gas. The exploration of shale gas emits large amounts of
methane, unlike traditional natural gas, thereby increasing its
greenhouse gas footprint. Methane is harmful to the environment and a
source of an explosion hazard.
According to a senior research analyst at Technavio, “The
production of shale gas in the US contributed to the country becoming a
net exporter of oil and gas. The production of shale gas in the US is
rapidly increasing due to the advances in the extraction and production
technologies of shale gas. In addition to the US, China is another major
country that produces shale gas and is estimated to have large deposits
of shale gas.”
Global gas detection equipment market:
Segmentation analysis
This global gas detection equipment market analysis report provides
market segmentation by product (fixed gas detector and portable gas
detector), by end-user (industrial sector, commercial sector, and
residential sector), and by region (the Americas, APAC, and EMEA). This
report provides an in-depth analysis of the prominent factors
influencing the market, including drivers, opportunities, trends, and
industry-specific challenges.
Of the three major end-users, the industrial sector held the largest gas
detection equipment market share in 2017, contributing to over 53% of
the market. This end-user segment will dominate the global market
throughout the forecast period.
The Americas held the largest share of the market in 2017, accounting
for more than 37% share. It was followed by EMEA and APAC respectively.
The Americas is expected to dominate the market throughout the period
2018-2022.
Looking for more information on this market? Request
a free sample report
Technavio’s sample reports are free of charge and contain multiple
sections of the report such as the market size and forecast, drivers,
challenges, trends, and more.
Some of the key topics covered in the report include:
Market Landscape
-
Market ecosystem
-
Market characteristics
-
Market segmentation analysis
Market Sizing
-
Market definition
-
Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
-
Regional comparison
-
Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
-
Vendors covered
-
Vendor classification
-
Market positioning of vendors
-
Competitive scenario
About Technavio
Technavio
is a leading global technology research and advisory company. Their
research and analysis focuses on emerging market trends and provides
actionable insights to help businesses identify market opportunities and
develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists
of more than 10,000 reports and counting, covering 800 technologies,
spanning across 50 countries. Their client base consists of enterprises
of all sizes, including more than 100 Fortune 500 companies. This
growing client base relies on Technavio’s comprehensive coverage,
extensive research, and actionable market insights to identify
opportunities in existing and potential markets and assess their
competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team
at media@technavio.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20181207005282/en/
Copyright Business Wire 2018