The global market size for gas analyser devices in terms of value was estimated to be worth US$2.5 billion in 2014, and is projected to surpass US$3 billion by 2020, at a CAGR of around 5% from 2014 to 2020.
Globally, the Asia-Pacific region dominated the global gas analyser, sensor and detector (GASD) market revenue in 2014. The US, Japan, China, UK, Germany, Brazil, and Saudi Arabia, shared around 40% of the total GASD revenues in 2014. Asia-Pacific's GASD market for end-use applications is expected to grow at a CAGR of around 7% from 2014 to 2020.
GASD devices are mainly used for measuring safety in any industry to protect their plant and personnel from unwanted damage. GASD devices have high sensitivity, stability, and detection range. These devices can be converted from single gas to multi gas, just by the addition of different sensors within the same device. These multi gas analysers make GASD highly familiar and economically safe to operate. GASD devices are highly efficient and can be used in several applications. There are two types of GASD systems available in two versions on major scale, namely, fixed, and portable.
Petrochemical, refineries, food and beverage, gas pipeline and chemical industries, and a range of applications, drive the GASD market. Increasing research and development efforts and the huge demand from the construction sector due to growing infrastructural needs, makes GASD useful in a countless number of applications. Other applications, such as water treatment, health care and food packages, also help in the growth of the GASD market. Growing advancements and technological inventions in GASD equipment market would be very effective in future. GASD has been well perceived in various dominant end-user markets in the last few decades, and can be expected to be used for green concept buildings in the near future.
- Key topics covered:
- Research methodology.
- Executive summary.
- Premium insights.
- Market overview.
- Industry trends.
- Global gas analyser market: by application, system, technology, and region.
- Global gas sensor market: by application, system, technology, and region.
- Global gas detector market: by application, system, technology, and region.
- Competitive landscape.
- Company profiles.
- ABB Ltd.
- Ametek Inc.
- Dragerwerk AG & Co. KGaA.
- Figaro Engineering Inc.
- GE Measurement & Control.
- Honeywell International Inc.
- Siemens AG.
- Testo AG.
Edited from press release by Stephanie Roker
Read the article online at: https://www.worldpipelines.com/business-news/17072015/gasd-market-2015-update/