The report "Gas Analyzer, Sensor & Detector Market by Technology (Electrochemical, Infrared, Metal Oxide Semiconductor, Catalytic, Laser), System (Fixed and Portable), Application (Water Treatment, Healthcare, Food & Beverages) - Global Forecast to 2021", The gas analyzer market is projected to reach USD 4.06 Billion at CAGR of 5.70% between 2016 and 2021. This high growth is fueled by the increasing demand for GASD due to the implementation of stringent environmental conservation policies and rising standards on workplace and residential safety.
Browse 76 market data Tables and 50 Figures spread through 159 Pages and in-depth TOC on "Gas Analyzer, Sensor & Detector Market by Technology (Electrochemical, Infrared, Metal Oxide Semiconductor, Catalytic, Laser), System (Fixed and Portable), Application (Water Treatment, Healthcare, Food & Beverages) - Global Forecast to 2021"
Early buyers will receive 10% customization on reports.
Oil & gas and chemicals - Major market for GASD
GASD are extensively used in oil & gas and chemical end-use industry. Safety control for industrial gas processes is one of the key driving factors of the GASD devices market in the oil & gas and chemicals industry. The companies operating various chemical plants or oil and gas extraction sites have to make sure that the emissions of various potent gases are according to the standards set by local governments; this has led to a surge in the demand for GASD devices. The frameworks mainly focus on reducing sulfur dioxide emissions by 99% and identifying the leaks from valves at gas processing plants.
Electrochemical: Major technology used in all the end-use industries
Electrochemical technology works on the principle of reacting with gases and generating electrical signals that are proportional to gas concentration. There are a wide range of electrochemical sensors, detectors and analyzers available in the market, where users can choose, depending on the target gas to be detected and the location. Electrochemical sensors consume less power and are less affected by temperature and pressure compared to other technologies. They have life span of three years. Therefore, the electrochemical sensors are widely used across the world. The use of electrochemical GASD devices is prevalent in applications such as oil & gas and chemicals and building & construction.
In terms of value, the U.S. and China together accounted for more than 40% of the global GASD market, in 2015
The U.S. is the largest market of GASD devices, globally. China is the largest market in the Asia-Pacific region. U.S. and China together accounted for a significant share of the global GASD market size, in terms of value, in 2015. They are the largest markets in their respective regions and are expected to compete with each other to dominate the market by 2021. The increasing use of GASD in these countries is mainly due to the stringent environmental conservation regulations, awareness regarding the benefits of using these devices for personnel safety at workplaces and also in the commercial and residential sectors.
Companies such as Honeywell International, Inc. (U.S.), ABB Ltd. (Switzerland), General Electric Co. (U.S.), Emerson Electric Co. (U.S.), Figaro Engineering Inc. (Japan), and Drägerwerk AG & Co. KGaA (Germany) are the dominant market players in the global GASD market.
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Email: [email protected]