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New study: Global wireless gas detection market share, growth rate +16.5% to 2024

New study: Global wireless gas detection market share, growth rate +16.5% to 2024

Global Wireless Gas Detection Market accounted to USD 1.1 billion in 2016 growing at a CAGR of 16.5% during the forecast period of 2017 to 2024.

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Market Definition: 

Wireless gas detection is the device that is used to detect the combustible and toxic gases. These gas detectors continuously monitor the toxic and other combustible gases and if the detector threshold cross the limit than a signal sends will notify the leakage.

The latest trend in this market is the development and consumption of wireless devices, it also provides the safety and also help in the reduction of the accident make the market grow in future. There is need of wireless gas detector for several industries like Oil and Gas, Chemical & Petrochemical, Utilities and Power Generation, Mining and Metals, Water and Wastewater Treatment Plants, Commercial Buildings and Public Facilities, Government and Military, Discrete Manufacturing Industries, Others will create a huge market for the wireless gas detection devices.

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Market Analysis: Global Wireless Gas Detection Market

The Global Wireless Gas Detection Market accounted to USD 1.1 billion in 2016 growing at a CAGR of 16.5% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

Market Segmentation: 

On the basis of type the wireless gas detection market is segmented into Wi-Fi, Bluetooth, Cellular, License-free ISM Band, Others. The cellular market is expected to grow in the forecasted period.

On the basis of application the wireless gas detection market is segmented into Industrial Safety, National Security and Military Safety, Environmental Safety. The environmental safety market is expected to grow in the forecasted period.

On the basis of end-user the wireless gas detection market is segmented into Oil and Gas, Chemical & Petrochemical, Utilities and Power Generation, Mining and Metals, Water and Wastewater Treatment Plants, Commercial Buildings and Public Facilities, Government and Military, Discrete Manufacturing Industries, Others. The Oil & gas market is expected to grow in the forecasted period.

On the basis of geography, wireless gas detection market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.

In 2017, North America is expected to dominate the market.

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Market Drivers and Restraints:

  • Less Power Consumption of Wireless Gas Detection Devices
  • Enhances Workers’ Safety and Mitigates Risks
  • Easy use and installation of wireless gas detection systems
  • Adoption of Industrial IOT Technologies in Manufacturing
  • Increasing Environment Safety Concerns
  • Security Issues Using Wireless Communication

Market Competitors: 

Some of the major players operating in wireless gas detection market are Drägerwerk AG & Co., KGaA, Siemens AG, MSA Safety Incorporated, United Electric Control, Honeywell International Inc.,Agilent Technologies Inc.,Sensidyne, LP,Pem-Tech, Inc., Yokogawa Electric Corporation, Tyco Gas & Flame Detection, Gastronics Inc., Crowcon Detection Instruments Ltd.,Tektroniks Ltd, Otis Instruments, Inc.,Airtest Technologies Inc., Beijing Sdl,HeibeiSaihero, Suzhou Createamong others.In 2017, Drägerwerk AG & Co. partners with ISA100 Wireless™ Compliance Institute for the enhancement of the personal protection, gas detection technology and integrated hazard management.

Research Methodology: 

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models.

Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or drop down your enquiry.

Demand Side Primary Contributors: Doctors, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.

Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

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