Global Air and Gas Leak Detectors Market to grow at a CAGR of 3.57% during the period 2016 - 2020; Finds New Report

Report forecast the global air and gas leak detectors market to grow at a CAGR of 3.57% during the period 2016-2020.

Air and gas detectors are used to detect the presence of multiple gases in an area. The detectors help in detecting any flammable gases (such as methane and propane), kerosene or toxic gases (such as carbon monoxide, carbon dioxide, and sulphur dioxide), and oxygen depletion. These detectors are used to monitor gas leaks so that a process can be shut down in the event of a gas leakage. The detector also sounds an alarm upon detecting a leakage so that workers can escape.

The report covers the present scenario and the growth prospects of the global air and gas leak detectors market for the period 2016-2020. To calculate the market size, the report considers revenue generated from the sales of air and gas leak detectors.

The market is divided into the following segments based on geography:

• Americas
• APAC
• EMEA

According to the report, the demand for oil and gas is expected to remain strong during the forecast period. Although renewables have been gaining importance, the global energy mix will be largely dominated by oil and gas during the forecast period. Rising demand for air and gas detectors amid the high expenditures made by the oil and gas industry creates extensive opportunities for vendors in the market.

Further, the report states that the increasing focus on renewable energy is likely to lead to a decrease in the number of gas-fired power plants in the long term, thereby hampering the sales of air and gas leak detectors during the forecast period.

Global Air Gas Leak Detectors Market 2016-2020, 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.

key players in the Global Air Gas Leak Detectors Market: Emerson Electric Co., MSA Safety Inc., Honeywell Analytics, and Tyco Fire & Integrated Solutions (UK) Ltd.

Market driver

• Increase in oil and gas upstream investments
• For a full, detailed list, view our report

Market challenge

• Change in energy mix
• For a full, detailed list, view our report

Market trend

• Adoption of wireless gas detectors
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 56 pages and 35 Exhibit “Global Air and Gas Leak Detectors Market 2016 - 2020” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by type, Geography segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Risk exposure, Appendix.

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