Posted in | News | Gas Sensor | Sensors General

Global Market Size for Gas Analyzer Devices Projected to Surpass $3.0 Billion by 2020

Reviewed

Jul 13 2015

Research and Markets has announced the addition of the "Gas Analyzer, Sensor and Detector Market by Technology (Electrochemical, Infrared, MOS, Catalytic, Zirconia, Paramagnetic, Laser, PID & Others), by Systems (Fixed & Portable) and by End-user Industry - Global Trends and Forecasts to 2020" report to their offering.

The global market size for gas analyzer devices in terms of value was estimated to be worth $2.5 Billion in 2014 and is projected to surpass $3.0 Billion by 2020, at a CAGR of around 5.0% from 2014 to 2020.

Globally, the Asia-Pacific region dominated the global GASD market revenue in 2014. The U.S., Japan, China, U.K., Germany, Brazil, and Saudi Arabia shared around 40.0% of the total GASD revenues in 2014. Asia-Pacific's GASD market for end-use applications is expected to grow at a CAGR of around 7.0% from 2014 to 2020.

Gas analyzer, sensor and detector (GASD) devices are mainly used for measuring safety in any industry to protect their plant and personnel from unwanted damage. GASD devices have high sensitivity, stability and detection range. These devices can be converted from single gas to multi gas just by addition of different sensors within the same device. These multi gas analyzers make GASD highly familiar and economically safe to operate. GASD devices are highly efficient and can be used in several applications. There are two types of GASD systems available in 2 versions on major scale, namely, fixed and portable.

The GASD market is driven by petrochemical, refineries, food & beverage, gas pipeline and chemical industries and a range of applications. Increasing R&D efforts and huge demand from the construction sector due to growing infrastructural needs, makes GASD useful in a countless number of applications. Other applications such as water treatment, health care and food packages, also help in the growth of the GASD market. Growing advancements and technological inventions in GASD equipment market would be very effective in future. GASD has been well perceived in various dominant end-user markets in the last few decades and is expected to be used for green concept buildings in the near future.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Global Gas Analyzer Market, By Application, By Systems, By Technology, And By Region

8 Global Gas Sensor Market, By Application, By System, By Technology, And By Region

9 Global Gas Detector Market, By Application, By System, By Technology, And By Region

10 Competitive Landscape

11 Company Profiles