May 26, 2021 06:00 ET | Source: Market Research Report, LLC. Market research report, limited liability company.
Selbyville, Delaware, May 26, 2021 (GLOBE NEWSWIRE) - According to reliable sources, the global gas detection equipment market in 2019 will be approximately US$3.63 billion, with a compound annual growth rate of 2020-2027. 5.70% By the end of the forecast period, the cumulative total reached 5.66 billion US dollars. In addition, this document is written using Porter's five forces model and PEST analysis, while taking into account the opinions of industry experts, thereby providing insights into the trend of market space. Finally, the report carefully reviewed the regional pattern and competition levels.
Factors such as the preference for natural gas for heating and power generation, and the surge in investment in commercial and residential building safety are expanding the global gas detection equipment market share.
Request a sample copy of this report @ https://www.marketstudyreport.com/request-a-sample/3793398/
In addition, the increasing public awareness of government programs and the increasing prevalence of gas leaks that cause fatal accidents and health problems have also promoted the adoption of gas detection equipment.
According to the statistics of the National Transportation Safety Board, most major gas accidents are leaks, so the fire department has to deal with about 340 natural gas or liquefied petroleum gas leaks every day without ignition.
For those who do not know, gas detection equipment can determine whether there are harmful gases in the environment. This equipment is an important part of the safety system. It reminds operators of gas leaks in a certain area and enables them to take necessary measures in time.
On the contrary, high maintenance costs, stagnant industry and manufacturing, lack of expertise, and a decline in the average selling price of equipment due to the pricing pressure of gas companies are expected to prevent the expansion of the global gas detection equipment industry during the forecast period.
According to the sensor type, the market is divided into metal oxide semiconductor (MOS) sensors, infrared sensors and electrochemical sensors.
Speaking of power supply, the gas detection equipment industry space worldwide is divided into battery-powered gas detectors and hard-wired gas detectors, with and without backup batteries.
Regarding the end user field, the industry is divided into water treatment, mining, oil and gas, semiconductors, power generation/utilities, and building automation and construction.
To access the sample copy or view this report and catalog in detail, please click on the following link:
https://www.marketstudyreport.com/reports/global-gas-detection-equipment-market-size-research
According to experts verbatim, Europe has gained a major portion of the global gas detection equipment market share in the recent past, which is related to the growing population, appropriate technical infrastructure and the availability of immediate care services.
On the other hand, the Asia-Pacific market is expected to record strong growth rates between 2020 and 2027. Increasing natural gas spills, improving technical infrastructure, and the timeliness of government response personnel will promote regional growth.
Global gas detection equipment market by sensor type (revenue, billion US dollars, 2017-2027) · infrared sensors · electrochemical sensors · metal oxide semiconductor sensors
Global gas detection equipment market by power source (revenue, billion US dollars, 2017-2027) · Hard-wired gas detectors with battery backup · Hard-wired gas detectors without battery backup · Battery-powered gas detectors
Global Gas Detection Equipment Market by End User (Revenue, USD Billion, 2017-2027)·Water Treatment·Oil and Gas·Mining·Building Automation and Construction·Semiconductor·Power Generation/Utilities
Regional pattern of global gas detection equipment (revenue, billion US dollars, 2017-2027)
Europe·Germany·France·Italy·Spain·United Kingdom·RoE
North America·United States·Canada
Asia Pacific·India·China·Australia·Japan·Korea·RoAPAC
Global gas detection equipment market competition dashboard (revenue, billion US dollars, 2017-2027)
Table of Contents: Chapter 1 Executive Summary 1.1. Market snapshot 1.2. Global and segmented market estimates and forecasts (Billion USD) from 2018 to 2027 1.2.1. Gas detection equipment market by region, 2018-2027 (US$ billion) 1.2.2. Gas detection equipment market, by sensor type, 2018-2027 (billion dollars) 1.2.3. Gas detection equipment market, by end use, 2018-2027 (Billion U.S. dollars) 1.2.4. Gas detection equipment market, by power source, 2018-2027 (US$ billion) 1.3. Main trend 1.4. Estimate method 1.5. Research Hypothesis Chapter 2. Definition and scope of the global gas detection equipment market 2.1. Research objectives 2.2. Market definition and scope 2.2.1. Research scope 2.2.2. Industry evolution 2.3. The year considered for the study 2.4. Chapter 3 Currency Exchange Rates. Global gas detection equipment market dynamics 3.1. Gas detection equipment market impact analysis (2018-2027) 3.1.1. Market driving factors 3.1.1.1 Increase investment in home and commercial building safety 3.1.1.2 Frequent shift to natural gas heating and energy use 3.1.1.2. Market Challenges 3.1.2.1 High price pressure in the natural gas market leads to a drop in the average selling price of equipment 3.1.2.2 High maintenance costs 3.1.3. Market opportunity 3.1.3.1 The increasingly common gas leakage 3.1.1. The demand for the adoption of gas sensor market drivers continues to grow 3.1.2. Market Challenges 3.1.3. Market Opportunities Chapter 4. Industry analysis of the global gas detection equipment market 4.1. Porter's 5-force model 4.2. PEST analysis 4.2.1. Politics 4.2.2. Economy 4.2.3. Society 4.2.4. Technology 4.3. Investment adopts model 4.4. Analyst Recommendations and Conclusion Chapter 5. Global gas detection equipment market, according to sensor type 5.1. Market snapshot 5.2. Global gas detection equipment market by sensor type and performance-potential analysis 5.3. Global gas detection equipment market estimates and forecasts by sensor type from 2017 to 2027 (US$ billion) 5.4. Gas detection equipment market, market segment analysis 5.4.1. Infrared sensor 5.4.2. Electrochemical Sensor 5.4.3. Chapter 6 of Metal Oxide Semiconductor (MOS) Sensor. The global gas detection equipment market, by end use 6.1. Market snapshot 6.2. Global gas detection equipment market by end use and performance-potential analysis 6.3. 2017-2027 global gas detection equipment market estimates and forecasts (by end use) (US$ billion) 6.4. Gas detection equipment market, market segment analysis 6.4.1. Oil and gas 6.4.2. Water treatment 6.4.3. Semiconductor 6.4.4. Mining 6.4.5. Building automation and construction 6.4.6. Power Generation/Utilities Chapter 7. Global gas detection equipment market, Power Source7.1. Market snapshot
7.2. Global gas detection equipment market by power source and performance-potential analysis 7.3. Global gas detection equipment market estimate and forecast by power source from 2017 to 2027 (US$ billion) 7.4. Gas detection equipment market, market segment analysis 7.4.1. Battery-powered gas detector 7.4.2. Hard-wired gas detector with battery backup
Chapter 8 Global Gas Detection Equipment Market, Regional Analysis
2019-2025 Gas insulated power equipment market scale, competitive market share and forecasts It is estimated that the gas insulated power equipment market will grow at a rate of over 8% by 2025. The industry has been positively impacted by substantial growth in recent years on the demand for compact substation equipment to curb overall project costs, maintenance and space requirements. Nevertheless, the availability of a large number of traditional switchgear technologies, including vacuum and air insulation products, has been hindering their application throughout the industry. However, continuous efforts to reduce costs, manufacture compact product specifications, and improve operational performance have increased the adoption of these devices.
Over the years, the rapid growth of sustainable technologies, including wind energy, will drive the demand for advanced and competitive power grids. In addition, as traditional power grids are licensed and more space, factory capacity has continued to increase to withstand soaring energy demand, thereby increasing overall project prices. Therefore, the adoption of GIS technology provides a lot of space for reducing costs and space based on operating performance, which in turn will stimulate the gas insulated power equipment market. about us:
Market research report, limited liability company. It is the hub of market intelligence products and services.
We centralize all major publishers and their services in one place, simplifying your purchase of market research reports and services through a single integrated platform.
Our clients cooperate with Market Study Report, LLC. Simplify their search and evaluation of market intelligence products and services, and then focus on their company's core activities.
If you are looking for research reports on global or regional markets, competitive information, emerging markets and trends, or just want to stay ahead, then Market Study Report, LLC. is a platform that can help you achieve any of these goals.