The Portable Gas Detectors market research report is a well-researched document which provides credible information about Portable Gas Detectors market. The report has been prepared utilizing primary and secondary research techniques. The report will allow clients to set achievable goals and reach out to the best audience possible which will eventually help them to grow in this Portable Gas Detectors market. It investigates the size of the market both in volume and in value, the different client portions and purchasing behaviors, the challenge, and the monetary condition such as limitations to passage and guideline. The report performs segmentation which is significant as it allows the clients to understand the market deeply.
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Market Analysis: Global Portable Gas Detectors Market
Global Portable Gas Detectors Market is expected to rise to an estimated value of USD 2349.51 million by 2026, registering a substantial CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the presence of various initiatives and regulations presented by the authorities/government to provide safe working conditions in various industries.
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Market Definition: Global Portable Gas Detectors Market
Portable gas detectors are industrial equipments that are used in the detection, tracking and monitoring of toxic, combustible and other different varieties of gases in the surrounding environment of these instruments. These instruments are mobile and therefore can be used for detection in different circumstances. These can even be worn by an individual helping them be informed regarding their environment and any presence of different gases.
Major Market Competitors/Players
Few of the major competitors currently working in the global portable gas detectors market are Honeywell International; MSA; RIKEN KEIKI Co., Ltd.; Industrial Scientific; Drägerwerk AG & Co. KGaA; Halma plc; Hanwei Electronics Group Corporation; Mil-Ram Technology, Inc.; Trolex Ltd; Emerson Electric Co.; Thermo Fisher Scientific Inc.; Active Environmental Solutions; The Linde Group; Environmental Sensors Co.; TycoFIS; 3M; FPI; Wuhan Tianhong Instruments Co., Ltd. and Beijing SDL Technology Co., Ltd. among others.
Market Drivers:
- Rapid increase in demand for better connected and technologically effective detection instruments; this factor is expected to drive the growth of the market
- Growth in demand for detection equipments and instruments to ensure safe working conditions is also expected to drive the growth of the market
- Overall increase in the growth of applicable industries is also expected to boost the growth of the market
- Various innovations and strategic expansion of presence of the market players is expected to drive the growth of the market
Market Restraints:
- High levels of competition between market players resulting in low profit margins; this factor is expected to hinder the growth of the market
- Reduction in investments incurred in the market due to the low levels of profit margins is also expected to restrict the growth of the market
- Requirement of changing sensors of these instruments frequently resulting in higher overall costs of the product is expected to restrict the adoption of these devices; this factor is expected to restrain the growth of the market
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Segmentation: Global Portable Gas Detectors Market
By Product Type
- Wearable
- Non-Wearable (Sniffer)
By Gas Type
- Combustible
- Oxygen
- Toxic
- Ammonia
- Carbon
- Chlorine
- Others
By Technology Type
- Electrochemical
- Semiconductors
- Catalytic
- Infrared
- Ultrasonic
By Application
- Single Gas
- Multiple Gas
By Industry
- Oil & Gas
- Mining
- Building/Construction
- Manufacturing
- Wastewater Treatment
- Fire Services
- Chemical & Pharmaceutical
- Others
- Utilities
- General Industry
By Geography
(North America, Europe, Asia-Pacific, South America, Middle East and Africa)
Key Developments in the Market:
In June 2019, Teledyne Technologies Incorporated announced that they had entered into an agreement for the acquisition of 3M’s gas and flame detection business operations for USD 230 million. The business operations include various brands and product offerings ranging from fixed & portable detection instruments that are applied in a number of industrial verticals. This acquisition is expected to be finalised by second half of 2019 and will significantly improve the profit earning capabilities of Teledyne Technologies Incorporated
In May 2018, Honeywell International announced the launch of a portable gas detector with Bluetooth connectivity which will ensure that the wearer of the detector is safe in confined, dangerous spaces. The product termed as “Honeywell BW Ultra” has the capability of detecting five different types of gases providing this information to the safety manager for collection and tracking of this information. This detector is significantly easy to operate and configure due to it being equipped with Honeywell’s “TouchConnect” technology
Competitive Analysis
Global portable gas detectors market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of portable gas detectors market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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Key Features of the Report
- Key developments and product launches by the top players and brands
- Key parameters which are driving the market
- Key trends of the market
- Challenges of market growth
- What are the challenges being faced by the new entrants
- Market volume
Points Which Are Focused In the Report
- Industry Chain Suppliers of Global Portable Gas Detectors Market with Contact Information
- The key findings and recommendations highlight crucial progressive industry trends in the Global Portable Gas Detectors Market, thereby allowing players to develop effective long term strategies
- To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the Global Portable Gas Detectors Market
- To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, and detail the competitive landscape for market leaders
- To understand the future outlook and prospects for Global Portable Gas Detectors Market analysis and forecast 2019-2026.
Table of Content:
Chapter 1 Study Coverage
Chapter 2 Executive Summary
Chapter 3 Market Size by Manufacturers
Chapter 4 Production by Regions
Chapter 5 Consumption by Regions
Chapter 6 Market Size by Type
Chapter 7 Market Size by Application
Chapter 8 Manufacturers Profiles
Chapter 9 Production Forecasts
Chapter 10 Consumption Forecast
Chapter 11 Upstream, Industry Chain and Downstream Customers Analysis
Chapter 12 Opportunities & Challenges, Threat and Affecting Factors
Chapter 13 Key Findings
Chapter 14 Appendix
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