Wireless Gas Detection Market

Wireless Gas Detection Market Insights

The wireless gas detection market is anticipated to witness a lucrative CAGR of 16.1% over the forecast period. The market growth is attributed to its increasing application in industrial & environmental safety. It is also widely used for national security and military operations. Moreover, the growth and innovations in the wireless gas detection products are further anticipated to propel the industry growth.

Factors such as higher flexibility, accuracy and reliability for detecting the gas leaks also contribute towards the market growth. The installing wireless gas detection reduces the installation costs about 90% efficiently as compared to the traditional wire gas detection systems.

However, the risks associated with web of connected devices act as a market restraint. In order to receive and process the data, a strong infrastructure is required which is offered by different wireless technology providers. Thus, there are chances of privacy issues which can directly affect the usage of wireless gas detection systems, thereby hampering the overall market growth.

Wireless Gas Detection Market: Technology Insights

On the basis of technology, the Wireless Gas Detection Market is segmented into Wi-Fi, Bluetooth, cellular, and license-free ISM band, among others. The Wi-Fi-based systems are anticipated to occupy the largest market share over the coming years. The wide usage of Wi-Fi to communicate with other IP devices is anticipated to augment market growth over the coming years. Moreover, this technology is apt for industrial application.

Wireless Gas Detection Market: Type Insights

On the basis of type, the Wireless Gas Detection Market is segmented into Hardware, Software and Services. The hardware segment is further divided into catalytic sensors, infrared sensors, photoionization detectors, electrochemical sensors, and others. The Hardware segment is expected to grow at a significant rate over the forecast period. This can be attributed to its necessity as a part of the wireless gas detection. The detectors are constituted of different sensors which help in detecting combustible & toxic gases.

The services segment is expected to stimulate market growth mainly due to its features which make it reliable and important for long-term processing. Moreover, the increasing trend of learning innovations with the help of training & support services are also anticipated to boost market growth.

Wireless Gas Detection Market: End-Use/Application Insights

The global wireless gas detection market, by application is segmented into oil & gas, chemical & petrochemical, utilities & power generation, mining & metals, commercial buildings & public facilities, government & military, and water & wastewater treatment plants, among others.

The commercial buildings & public facilities’ segment is expected to occupy the highest share in the market due to the rising demand for gas detectors in order to improve air quality and growing need to monitor CO2 levels in packed spaces such as auditoriums, conference rooms and so on.

Besides this, wireless gas detectors are extensively used for a number of applications including Industrial Safety, National Security & Military Safety, and Environmental Safety among others.

Wireless Gas Detection Market: Regional Insights

Asia-Pacific is expected to hold the largest market share over the forecast period on account of the rapid adoption of wireless gas detection system for industrial safety. Demand is expected to arise from countries such as Japan, India and South Korea.

The market in North America is also expected to grow significantly owing to the rising number of vendors of wireless gas detection market. Moreover, the dominance of manufacturing industries in this region is also anticipated to stimulate the market growth.

Wireless Gas Detection Market: End-Use Landscape

The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase from wireless gas detection market over the coming years. Some leading consumers of this market are Exxon Mobil, Gazprom, Mitsui, and Skanska.

Wireless Gas Detection Market Share & Competitor Analysis

The global market for this product is expected to be significantly large due to the presence of numerous manufacturers. The key players include Tyco Gas and Flame Detection, Honeywell International, Inc., Sensidyne United Electric Controls, Integrated Device Technology, Inc., Yokogawa Electric Corporation, General Electric Company, and Drägerwerk AG & Co. KGaA.

Please note: This is not an exhaustive list of companies profiled in the report.

In November 2017, Integrated Device Technology, Inc. announced its first generation of gas sensors to provide better sensitivity, stability, and selectivity improvements.

In October 2017, Trakopolis and Honeywell announced extending their partnership.

Check the Press Release on Wireless Gas Detection Market Report