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The key highlights of the report include:
Market Overview (2017-2027)
- Historical Market Size (2021): USD 2,814.7 Million
- Forecast CAGR (2022-2027): 3.37%
- Forecast Market Size (2027): USD 3,433.9 Million
The wireless segment holds a substantial proportion of the market and is expected to rise significantly over the forecast period. The wired segment has several advantages, including ease of installation, low maintenance costs, high connectivity, and security, as well as flexibility and scalability. Wireless gas detection systems take less time to set up, making them perfect for factories where strict government laws and the risk of disasters make it necessary to assure safety. Furthermore, one of the most significant advantages of wireless gas detectors is their ease of modification. If the room’s use or layout changes, the sensors in these systems may be repositioned to get better signals.
Industry Definition and Major Segments
A gas detector is a device that detects or monitors the presence of various gases in the air. Gas detection devices are often battery-powered and utilised for safety reasons. When the device detects a higher-than-normal concentration of gas in the air, it emits auditory signals to alert people.
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On the basis of communication type, the market is segmented into:
On the basis of type, the market is divided into:
On the basis of end industry use, the market is categorized as:
- Oil and Gas
- Chemicals and Petrochemicals
- Water and Wastewater
- Metal and Mining
On the basis of region, the market is segmented into:
- North America
- Latin America
- Middle East and Africa
The increased use of gas detectors in various industries, such as oil and gas, chemicals and petrochemicals, metals, and mining, is driving the global market for gas detectors. Flammable gases are often employed in these sectors. Unidentified gas leaks in factories can cause explosions and endanger human lives, hence a gas detection system is a must in these businesses. The market is also expected to benefit from the low cost of installing gas detectors. The product is dependable, cost-effective, precise, and easy to use. As a result, it’s anticipated to get a lot of traction in the foreseeable time.
Key Market Players
The major players in the market are Honeywell International Inc., Drägerwerk AG & Co KgaA, MSA Safety Inc., Emerson Electric Co., SENSIT Technologies, LLC, and Others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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