DUBLIN, October 27, 2017 /PRNewswire/ --
The "Global Gas Detector Market 2017-2021" report has been added to Research and Markets' offering.
The global gas detector market is forecast to grow at a CAGR of 4.76% during the period 2017-2021.
The report, Global Gas Detector Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is increase in demand for smart gas detectors. Growing advancement in technology including AI and Internet of things (IoT) enables the increasing demand for smart gas detectors. Smart gas detector has become a trend as it has low maintenance and additional features that benefit the customers. For instance, Universal Security Instruments provide a product called USI electric hardwired 2 in 1 carbon monoxide (CO) and natural gas smart alarm with battery backup.
According to the report, one driver in the market is innovation in technology leading to product premiumization. Major companies in the gas detector market are coming up with innovative technologies including portable gas detectors, which are easy to use and calibrate. These portable gas detectors are made for detecting more than two toxic gases such as hydrocarbons, CO, hydrogen sulfide, and SO2. GasTech Australia has launched GX-6000 that can monitor up to six gases at a time. It can also work as a photoionization detector and has sensors to detect toxic gases. Another gas detector is Millennium ST toxic gas detector from Emerson.
Further, the report states that one challenge in the market is increasing price wars among the established vendors. Intense competition among the vendors is hindering the growth of the market. Competition among vendors is leading to price wars, reduction in the cost of gas detection equipment, and price erosion. Implementation and maintenance costs of gas detectors influence the pricing strategy of vendors. For instance, First Alert PRC710B Low Profile 10 Year Sealed Lithium Battery Operated Photoelectric Smoke and CO Alarm from BRK Brands costs $36 and a similar product Worry-Free Kitchen Sealed Lithium Battery Power Smoke/CO Alarm from Kidde costs $52.
- BRK Brands
- Honeywell International
- Robert Bosch
Other prominent vendors
- AirTest Technologies
- Emerson Electric
- ESP Safety
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Segmentation By Product
Part 07: Market Segmentation By Power Source
Part 08: Market Segmentation By Sensor Type
Part 09: Market Segmentation By End-Usage
Part 10: Geographical Segmentation
Part 11: Key Leading Countries
Part 12: Decision Framework
Part 13: Drivers And Challenges
Part 14: Market Trends
Part 15: Vendor Landscape
Part 16: Key Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/29w5qn/global_gas
Laura Wood, Senior Manager
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SOURCE Research and Markets