Global wireless gas detection market growing at a CAGR of 16.5% during the forecast period of 2019 to 2026 and is estimated to reach USD 5.1 billion by 2026. The upcoming market report contains data for historic years 2017, the base year of calculation is 2018 and the forecast period is 2019 to 2026. The rise in market value can be attributed to enhanced workers safety risks, adoption of IoT technologies in manufacturing.
Market Definition: Global Wireless Gas Detection Market
Wireless gas detection is the device which is used to detect the toxic gases. The gas detector continuously monitors the toxic gases and if the detector crosses the limit than a signal sends & notify the leakage. The wireless devices, provides the safety and also help in the reducing the accidents by making the market grow in future. Mainly industries such as Oil and Gas, Chemical & Petrochemical, Utilities and Power Generation, Mining and Metals, Water and Wastewater Treatment Plants, Commercial Buildings and Public Facilities, Government and Military, Discrete Manufacturing Industries, need these gas detectors.
Market Drivers
Enhances workers safety and mitigates risks
Easy use and installation of wireless gas detection systems
Adoption of industrial IOT technologies in manufacturing
Increasing environment safety concerns
Key Developments in the Market:
In July 2017, Yokogawa to release ProSafe RS SIL2 Wireless Gas Detection System.It is the new version of Yokogawa ProSafe-RS SIL3 safety instrumented system of ProSafe-RS SIL2 wireless gas detection system, through ProSafe-RS SIL2 wireless gas detection system this will allow increased flexibility with the configuration of detection devices
In December 2014, Tyco to acquire Industrial Safety Technologies to expand gas and flame detection capabilities, IST with Tyco’s Scott Safety, will make Tyco one of the largest global designers and manufacturers of gas and flame detection products. As IST is a technology leader in the gas and flame detection industry and keeps innovating in industrial safety solutions
Competitive Analysis: Global Wireless Gas Detection Market
Global wireless gas detection 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 wireless gas detection market for Global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
