Global Market Study on Gas Leak Detector - Asia Pacific to Witness

Global Market Study on Gas Leak Detector - Asia Pacific to Witness Highest Growth by 2020

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Persistence Market Research - Global Market Study on Gas Leak Detector: Asia Pacific to Witness Highest Growth by 2020

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Global Market Study on Gas Leak Detector - Asia Pacific to Witness Highest Growth by 2020 Persistence Market Research Released New Market Report “Global Market Study on Gas Leak Detector Market - Asia Pacific to Witness Highest Growth by 2020”,The global gas leak detectors market accounted for US$ 2,312.2 Mn in 2014 and while exhibiting a CAGR of 5.3% over the forecast period. The Global Gas Leak Detector Market is expected to reach US$ 3143.67 Mn by the end of 2020, representing a CAGR of 5.29% through 2015 to 2020.

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Gas leak detectors are equipment that indicates the presence of gases in ambient air using technologies such as electrochemical, infrared and ultrasonic. These devices are used to detect toxic and combustible gases in order to maintain safety during operations. Gas leak detectors are generally available in two different types; portable which are handheld can be used for personal safety as well. The other type of leak detectors is fixed i.e. permanently sited which are often used in plants & facilities for personnel as well as plant safety. Portable gas leak detectors are also classified as “personal safety instrument” as they ensure detection of toxic and flammable gases which can cause hazards in plants. Government laws& regulations and industry associations advocate the use gas leak detectors in manufacturing plant to ensure the safety of workers and workplace.

Key driving factors identified in the global gas leak detectors market are stringent government safety norms, growing investment in oil & gas and chemical Industries and increasing commercial and residential infrastructure development. Some of the major trends identified in the global gas leak detector market are the use of internet of everything (IoT) and artificial neural network technology and gas leak detectors. The installation rate of the gas leak detector is increasing globally with significant growth rate across various industries such as oil & gas, chemical, etc.

North America, Latin America, Eastern Europe and Western Europe together contributed 50% of the global gas leak detector market value in year 2014. Whilst Asia Pacific excluding Japan contributed about 35%, making it the largest geographical segment in the global gas leak detector market. The Middle East and Africa gas leak detector market is projected to grow at promising CAGR of 6.27% during the forecast period.

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Global Market Study on Gas Leak Detector - Asia Pacific to Witness Highest Growth by 2020 The global gas leak detector market is segmented on the basis of region, product type, technology type and application type. The product type is classified into two sub-segment which are, fixed type gas leak detectors and portable type gas leak detectors. On the basis of technology, the market is segmented into electrochemical, infrared imaging, ultrasonic, semiconductor and others. The application segment includes industrial, commercial establishments and others. The industrial application segment is further sub-segmented into oil & gas, chemical and power generation and others. Also, the commercial subsegments includes shopping malls, hotel & restaurants and other commercial establishments. The regional analysis of gas leak detector market includes Western Europe, Asia Pacific, Eastern Europe, North America, Middle East & Africa and Japan.

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Gas Leak Detector Market is geographically segmented into seven key regions which includes; •

North America

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Latin America

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Asia-Pacific excluding Japan (APEJ)

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Japan

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Eastern Europe

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Western Europe

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Middle East and Africa

Gas Leak Detector Market based on Application: •

Industrial Application

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Oil & Gas

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Chemical

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Power generation

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Commercial Establishment

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Shopping Malls

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Hotels & Restaurants

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Global Market Study on Gas Leak Detector - Asia Pacific to Witness Highest Growth by 2020

•

Others

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Residential

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Other

Gas Leak Detector Market based on product type: •

Portable type gas leak detectors

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Fixed type gas leak detectors

Gas Leak Detector Market based on Technology type: •

Electrochemical

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Infrared Imaging

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Ultrasonic

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Semiconductor

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Other

Gas Leak Detector Market landscape is included to provide report audiences with a dashboard view, based on categories of providers across the value chain, presence in gas leak detector product portfolio and key differentiators.

Some of the Major Market Players in Leak Detector Market: •

MSA Safety Inc.

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Honeywell International Inc.

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Tyco International plc.

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Dragerwerk AG & Co. KGaA

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Emerson Electric Company

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Others

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Global Market Study on Gas Leak Detector - Asia Pacific to Witness Highest Growth by 2020

Market History: Gas leak detectors are equipment that indicate the presence of gases in ambient air using technologies such as electrochemical, infrared and ultrasonic. These devices are used to detect toxic and combustible gases in order to maintain safety. Gas leak detectors are generally available in two different types; portable i.e. handheld and fixed i.e. permanently sited. In many industries portable gas leak detectors are also classified as “personal safety instrument� as they ensure detection of toxic and flammable gases which can cause hazards in plants. Also, government laws, and industry associations advocate the use gas leak detectors in manufacturing plant to ensure the safety of workers and workplace.

The global gas leak detectors market accounted for US$ 2,312.2 Mn in 2014 and it is projected to reach US$ 3,143.7 Mn by the end of 2020 while exhibiting a CAGR of 5.3% over the forecast period.

Drivers & Trends Key driving factors identified in the global gas leak detectors market are stringent government safety norms, growing investment in oil & gas and chemical Industries and increasing commercial and residential infrastructure development. However, lower profit margin due to intense competition, deferred investments in oil and gas might pose a challenge towards the growth of the global gas leak detector market. Some of the major trends identified in the global gas leak detector market are the use of internet of everything (IoT) and artificial neural network technology and gas leak detectors.

Market Segmentation The global gas leak detector market is segmented on the basis of region, product type, technology type and application type. The product type is classified into two sub-segment which are, fixed type gas leak detectors and portable type gas leak detectors. On the basis of technology, the market is segmented into electrochemical, infrared imaging, ultrasonic, semiconductor and others. The application segment includes industrial, commercial establishments and others. The industrial application segment is further sub-segmented into oil & gas, chemical and power generation and others. Also, the commercial subsegments includes shopping malls, hotel & restaurants and other commercial establishments. The regional analysis of gas leak detector market includes Western Europe, Asia Pacific, Eastern Europe, North America, Middle East & Africa and Japan.

Global Gas Leak Detector Market Analysis, By Product Type

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Global Market Study on Gas Leak Detector - Asia Pacific to Witness Highest Growth by 2020 Portable type gas leak detectors accounted for 58.2% of the global gas leak detector market value in 2014, which is projected to remain dominant throughout the forecast period. The fixed type gas leak detector market is projected to exhibit CAGR of approximately 3.8% for the year 2015 to 2020.

Global Gas Leak Detector Market Analysis, By Application Type As of 2014, the Industrial application segment of the gas leak detector is the largest segment of the global gas leak detector market. Out of the sub-segment oil & gas is the major segment, holding the largest market share as compared with other remaining sub-segment. On the other hand, the market value accounted in year 2014 by the commercial establishment application segment is approximately 2.5X of the value registered by the residential segment. Others application segment is expected to grow with a CAGR of 7.1% from 2015 to 2020.

Global Gas Leak Detector Market Analysis, By Technology Type The electrochemical based gas leak detector is the predominant segment with total share of 38.3%, whilst the ultrasonic, semiconductor and infrared based gas leak detector cumulatively accounted for 46.6% % in the global gas leak detector market value in 2014. When compared with other remaining technology segment the infrared based gas leak detectors is projected to grow at higher CAGR of 6.30% over the forecast period.

Global Gas Leak Detector Market Analysis, By Region North America, Latin America, Eastern Europe and Western Europe together contributed 50% of the global gas leak detector market value in year 2014. Whilst Asia Pacific excluding Japan contributed total 35%, making it the largest geographical segment in the global gas leak detector market. The Middle East and Africa gas leak detector market is projected to grow at promising CAGR of 6.27% and expected to account 12.7% in the global gas leak detector market by the end of 2020.

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Global Market Study on Gas Leak Detector - Asia Pacific to Witness Highest Growth by 2020

Table of Content Table of Content 1. Executive Summary 2. Research Methodology 3. Assumptions and Acronyms Used 4. Gas Leak Detectors Market Taxonomy 5. Global Gas Leak Detectors Market Overview 5.1. Market Size and Forecast by Value, 2014 – 2020 5.2. Incremental $ Opportunity, 2014 -2020 5.3. Market Size and Forecast by Volume, 2014 – 2020 5.4. Y-o-Y Growth Projection, 2015 -2020 5.5. Global Gas Leak Detectors Market Opportunity 6. Global Gas Leak Detectors Market Dynamics 6.1. Key Growth Drivers 6.2. Challenges 6.3. Market Trends and Recent Developments 7. Global Gas Leak Detectors Market – Regional Analysis 7.1. Introduction 7.2. North America Gas Leak Detectors Market Analysis 7.2.1. Market Size and Forecast by Value & Y-o-YGrowth , 2014 – 2020 7.2.2. Incremental $ Opportunity, 2014 -2020 7.3. Latin America Gas Leak Detectors Market Analysis 7.3.1. Market Size and Forecast by Value & Y-o-Y Growth, 2014 – 2020 7.3.2. Incremental $ Opportunity, 2014 -2020 7.4. APEJ Gas Leak Detectors Market Analysis 7.4.1. Market Size and Forecast by Value & Y-o-Y Growth, 2014 – 2020

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Global Market Study on Gas Leak Detector - Asia Pacific to Witness Highest Growth by 2020 7.4.2. Incremental $ Opportunity, 2014 -2020 7.5. Japan Gas Leak Detectors Market Analysis 7.5.1. Market Size and Forecast by Value & Y-o-Y Growth, 2014 – 2020 7.5.2. Incremental $ Opportunity, 2014 -2020 7.6. Western Europe Gas Leak Detectors Market Analysis 7.6.1. Market Size and Forecast by Value & Y-o-Y Growth, 2014 – 2020 7.6.2. Incremental $ Opportunity, 2014 -2020 7.7. Eastern Europe Gas Leak Detectors Market Analysis 7.7.1. Market Size and Forecast by Value & Y-o-Y Growth, 2014 – 2020 7.7.2. Incremental $ Opportunity, 2014 -2020 7.8. Middle East & Africa Gas Leak Detectors Market Analysis 7.8.1. Market Size and Forecast by Value & Y-o-Y Growth, 2014 – 2020 7.8.2. Incremental $ Opportunity, 2014 -2020 7.9. Market Attractiveness Analysis by Region, 2015 -2020 8. Global Gas Leak Detectors Market – Application Analysis 8.1. Introduction 8.2. Y-o-Y Growth Comparison by Application, 2015 - 2020 8.3. Global Gas Leak Detectors Market BPS Analysis by Application, 2014 & 2020 8.4 Industrial Sub-Segment Value Share, 2014 & 2020 8.5. Commercial Sub-Segment Value Share, 2014 & 2020 8.6. Industrial Sub-Segment Market Value, 2014 – 2020 8.7. Commercial Sub-Segment Market Value, 2014 - 2020 8.8. Incremental $ Opportunity, 2014 – 2020 8.8.1. Industrial 8.8.1.1. Oil & Gas 8.8.1.2. Chemical 8.8.1.3. Power Generation 8.8.2. Commercial 8.8.2.1. Shopping Malls 8.8.2.2. Hotels & Restaurants 8.8.2.3. Others 8.9. Residential Gas Leak Detectors Market Value & Y-o-Y Growth, 2014 -2020 8.10.Other Gas Leak Detectors Market Value & Y-o-Y Growth, 2014 -2020 8.11.Market Attractiveness Analysis by Application, 2015 -2020

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Global Market Study on Gas Leak Detector - Asia Pacific to Witness Highest Growth by 2020 9. Global Gas Leak Detectors Market – Product Analysis 9.1. Introduction 9.2. Y-o-Y Growth Comparison by Product, 2015 -2020 9.3. Market Share & BPS Analysis, 2014 & 2020 9.4. Portable Gas Leak Detectors Market Analysis 9.4.1. Market Value & Y-o-Y Growth, 2014 -2020 9.5. Fixed Gas Leak Detectors Market Analysis 9.5.1. Market Value & Y-o-Y Growth, 2014 -2020 9.5.2. Incremental $ Opportunity, 2014 – 2020 9.6. Market Attractiveness Analysis by Product, 2015 -2020 10. Global Gas Leak Detectors Market – Technology Analysis 10.1.Introduction 10.2.Y-o-Y Growth Comparison by Technology, 2015 -2020 10.3.Market Share & BPS Analysis, 2014 & 2020 10.4.Electrochemical Gas Leak Detectors Market Analysis 10.4.1. Market Value & Y-o-Y Growth, 2014 -2020 10.4.2. Incremental $ Opportunity, 2014 – 2020 10.5.Infrared Gas Leak Detectors Market Analysis 10.5.1. Market Value & Y-o-Y Growth, 2014 -2020 10.5.2. Incremental $ Opportunity, 2014 – 2020 10.6.Ultrasonic Gas Leak Detectors Market Analysis 10.6.1. Market Value & Y-o-Y Growth, 2014 -2020 10.6.2. Incremental $ Opportunity, 2014 – 2020 10.7.Semiconductor Gas Leak Detectors Market Analysis 10.7.1. Market Value & Y-o-Y Growth, 2014 -2020 10.7.2. Incremental $ Opportunity, 2014 – 2020 10.8.Other Technology based Gas Leak Detectors Market Analysis 10.8.2. Incremental $ Opportunity, 2014 – 2020 10.9.Market Attractiveness Analysis by Technology, 2015 – 2020 11. Competition Landscape 11.1.Competition Dashboard 11.2.Company Profiles 11.2.1. MSA Safety Inc. 11.2.2. Honeywell International Inc.

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Global Market Study on Gas Leak Detector - Asia Pacific to Witness Highest Growth by 2020 11.2.3. Tyco International plc.

11.2.4. Dragerwerk AG & Co. KGaA 11.2.5. Emerson Electric Company List of Tables Table 01 Global Gas Leak Detection Market Value Forecast By Region, 2014–2020 (US$ Mn) Table 02 Global Gas Leak Detectors Market Value Forecast By Application, 2014–2020 (US$ Mn) Table 03 Global Gas Leak Detectors Market Value Forecast By Product Type, 2014–2020 (US$ Mn) Table 04 Global Gas Leak Detection Market Value Forecast By Technology, 2014–2020 (US$ Mn) List of Figures Figure 01 Global Gas Leak Detectors Market Size (US$ Mn) and Y-o-Y Growth Forecast (%), 2014–2020 Figure 02 Global Gas Leak Detectors Market Incremental Opportunity (US$ Mn), 2014–2020 Figure 03 Global Gas Leak Detectors Market By Volume (Million Units), 2014–2020 Figure 04 Global Gas Leak Detectors Market, Y-o-Y (%) , 2015–2020 Figure 05 Global Gas Leak Detectors Market by Y-o-Y Growth (%)

Comparison By Region

2015–2020 Figure 06 Global Gas Leak Detectors Market BPS Analysis By Region, 2014–2020 Figure 07 North America Gas Leak Detectors Market By Value (US$ Mn) and Y-o-Y Growth Forecast (%), 2014–2020 Figure 08 North America Gas Leak Detectors Market Incremental Opportunity (US$ Mn), 2014–2020 Figure 09 Latin America Gas Leak Detectors Market By Value (US$ Mn) and Y-o-Y Growth Forecast (%), 2014–2020 Figure 10 Latin America Gas Leak Detectors Market Incremental Opportunity (US$ Mn), 2014–2020 Figure 11 APEJ Gas Leak Detectors Market By Value (US$ Mn) and Y-o-Y Growth Forecast (%), 2014–2020 Figure 12 APEJ Gas Leak Detectors Market Incremental Opportunity (US$ Mn), 2014–2020 Figure 13 Japan Gas Leak Detectors Market by Value (US$ Mn) and Y-o-Y Growth Forecast (%), 2014–2020

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Global Market Study on Gas Leak Detector - Asia Pacific to Witness Highest Growth by 2020 Figure 14 Japan Gas Leak Detectors Market, Incremental Opportunity (US$ Mn), 2014–2020 Figure 15 Western Europe Gas Leak Detectors Market By Value (US$ Mn) and Y-o-Y Growth Forecast (%), 2014–2020 Figure 16 Western Europe Gas Leak Detectors Market Incremental Opportunity (US$ Mn), 2014–2020 Figure 17 Eastern Europe Gas Leak Detectors Market By Value (US$ Mn) and Y-o-Y Growth Forecast (%), 2014–2020 Figure 18 Western Europe Gas Leak Detectors Market Incremental Opportunity (US$ Mn), 2014–2020 Figure 19 MEA Gas Leak Detector Market By Value (US$ Mn) and Y-o-Y Growth Forecast (%), 2014–2020 Figure 20 MEA Gas Leak Detector Market, Incremental Opportunity (US$ Mn), 2014–2020 Figure 21 Global Gas Leak Detectors Market Attractiveness By Region Figure 22 Global Gas Leak Detectors Market Y-o-Y Growth (%) Comparison By Application, 2015–2020 Figure 23 Global Gas Leak Detectors Market BPS Analysis By Application, 2014–2020 Figure 24 Global Gas Leak Detectors Market Value Share By Industrial Sub-segment, 2014 and 2020 Figure 25 Global Gas Leak Detectors Market Value Share By Commercial Sub-segment, 2014 and 2020 Figure 26 Global Gas Leak Detectors Market Value (US $ Mn) By Industrial Sub-segment, 2014–2020 Figure 27 Global Gas Leak Detectors Market Value (US $ Mn) By Commercial Sub-segment, 2014–2020 Figure 28 Global Gas Leak Detectors Market Value (US$ Mn) By Oil & Gas Sub-Segment, 2014–2020 Figure 29 Global Gas Leak Detectors Market Value (US$ Mn) By Chemical Sub-Segment, 2014–2020 Figure 30 Global Gas Leak Detectors Market Value (US$ Mn) By Power Generation SubSegment, 2014–2020 Figure 31 Global Gas Leak Detectors Market Value (US$ Mn) By Shopping Malls SubSegment, 2014–2020 Figure 32 Global Gas Leak Detectors Market Value (US$ Mn) Hotels & Restaurants SubSegment, 2014 - 2020

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Global Market Study on Gas Leak Detector - Asia Pacific to Witness Highest Growth by 2020 Figure 33 Global Gas Leak Detectors Market Value (US$ Mn) By Others Sub-Segment, 2014 – 2020 Figure 34 Global Gas Leak Detectors Market Value (US $ Mn) By Residential Segment, 2014 2020 Figure 35 Global Gas Leak Detectors Market Value (US $ Mn) By Others Segment, 2014 2020 Figure 36 Global Gas Leak Detectors Market Attractiveness By Application Type Figure 37 Global Gas Leak Detectors Market Y-O-Y Growth (%) Comparison By Product Type, 2015–2020 Figure 38 Global Gas Leak Detectors Market, BPS Analysis By Product Type, 2014–2020 Figure 39 Global Portable Gas Leak Detectors Segment Market Value (US$

Mn) & Y-o-Y

Growth (%) Forecast, 2014–2020 Figure 40 Global Portable Gas Leak Detectors Segment Incremental Opportunity (US$ Mn), 2014–2020 Figure 41 Global Fixed Gas Leak Detectors Segment Market Value (US$ Mn) & Y-o-Y Growth (%) Forecast, 2014–2020 Figure 42 Global Fixed Gas Leak Detectors Segment Incremental Opportunity (US$ Mn), 2014–2020 Figure 43 Global Gas Leak Detectors Market Attractiveness By Product Type Figure 44 Global Gas Leak Detector Market Y-O-Y Growth (%) Comparison By Technology, 2015–2020 Figure 45 Global Gas Leak Detector Market BPS Analysis By Technology, 2014–2020 Figure 46 Global Electrochemical Gas Leak Detectors Segment Market Value (US$ Mn) & Y-oY Growth (%) Forecast, 2014–2020 Figure 47 Global Electrochemical Gas Leak Detectors Segment Incremental Opportunity (US$ Mn), 2014–2020 Figure 48 Global Infrared Gas Leak Detectors Segment Market Value (US$

Mn) & Y-o-Y

Growth (%) Forecast, 2014–2020 Figure 49 Global Infrared Gas Leak Detectors Segment Incremental Opportunity (US$ Mn), 2014–2020 Figure 50 Global Ultrasonic Gas Leak Detectors Segment Market Value (US$

Mn) & Y-o-Y

Growth (%) Forecast, 2014–2020 Figure 51 Global Ultrasonic Gas Leak Detectors Segment Incremental Opportunity (US$ Mn), 2014–2020

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Global Market Study on Gas Leak Detector - Asia Pacific to Witness Highest Growth by 2020 Figure 52 Global Semiconductor Gas Leak Detectors Segment Market Value (US$ Mn) & Y-o-Y Growth (%) Forecast, 2014–2020 Figure 53 Global Semiconductor Gas Leak Detectors Segment Incremental Opportunity (US$ Mn), 2014–2020 Figure 54 Global Others Gas Leak Detectors Segment Market Value (US$ Mn) & Y-o-Y Growth (%) Forecast, 2014–2020 Figure 55 Global Others Gas Leak Detector Segment Incremental Opportunity (US$ Mn), 2014–2020 Figure 56 Global Gas Leak Detectors Market Attractiveness By Technology Type

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