Portable Gas Detection Equipment : Trends, outlook and Opportunity Analysis 2023
A gas detector is a safety device that detects and monitors the presence and concentration of toxic and/or combustible/flammable gases in the air of its immediate vicinity, using a control system and a sensor. Gas detectors are increasingly used for a wide range of applications (gas level monitoring, gas detection, etc.) in a number of end-use verticals, including industrial, oil & gas, mining, and building automation, to ensure the safety of working personnel. Growing demand for portability from applications where gas detectors are required in confined spaces, such as mining, is one of the major trends prevailing in the portable gas detection equipment market. One of the key driving factors for the portable gas detection equipment market is the growing popularity of wireless portable gas detection equipment. These portable gas detectors are capable of detecting gas leaks and explosives from safe distances, which makes them the preferred choice across industrial, mining, and oil & gas end-use sectors. The global portable gas detection equipment market had generated revenues of US$ 1,145.3 Mn in 2014; this is projected to expand at a CAGR of 4.8% during the forecast period (2015–2023) and reach a market size of US$ 1,737.3 Mn by 2023. Obtain Report Details @ http://www.transparencymarketresearch.com/portable-gas-detection-equipmentmarket.html The growing demand for portable gas detection equipment, primarily in industrial and building automation applications, is expected to boost the demand for portable gas detection equipment in Asia Pacific in the coming years. Furthermore, the application of portable gas detection equipment is expected to rise in Middle East and Africa (MEA), where large mining and oil exploration activities are carried out. Moreover, increasing awareness about workforce safety in MEA is also responsible for the fastest growth rate of this region. In the GCC region and Africa, a significant part of the demand is anticipated to come from the mining sector in the coming years.