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Gas Analyzer, Sensor & Detector Market: Global Trends & Forecasts to 2018

Global gas analyzer devices market: 5.5% CAGR forecast between 2013-2018


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2014-01-29 02:18:03 - Gas Analyzer, Sensor & Detector Market: Global Trends & Forecasts to 2018 - a new market research report on companiesandmarkets.com

The global gas analyzer devices market is estimated to have reached a value of around $2.2 billion in 2012 and is forecast to hit a total of $3.2 billion by the end of 2018. This suggests a CAGR growth rate of around 5.5% between 2013 and 2018.

The Asia-Pacific region dominated the global GASD market revenues in 2012. Asia-Pacific is expected to have the highest revenue by 2018, followed by the North America region. Europe is expected to be the next fastest growing market, with a CAGR of 4.1% from 2013 to 2018, owing to rising consumption in this region, where end-user markets of GASD are growing steadily, especially in households to reduce the deaths caused due to carbon monoxide. The

 

 

Middle East & African market is expected to grow at a rate of 4.4% in terms of revenue.

U.S. is the biggest consumer in the North American region and is the largest globally. Japan is the biggest end user of GASD in the Asia-Pacific region and is the second largest globally. U.S. and Japan together accounted for 26.8% of the global gas analyzer revenues in 2012. U.S. and Japan are the largest consumers in their respective regions, and are expected to compete with each other to dominate the market by 2018, with advanced technological GASD devices for end users. Japan registered the most number of patents from 2010 to 2013 and is expected to continue with new product launches.

Gas analyzers, sensors and detectors (GASD) are safety devices used in the industrial, commercial, medical and several other industries. Generally, these devices play a major role in providing life safety and to avoid fire break outs by continuously analyzing and monitoring the concentration of gases in different end user industries. Hence, gas analyzers, sensors and detectors are used to measure and monitor the concentration and quantity of a single or multi gas in the mixture of gases, thereby providing adequate safety to life.

Based on the working principle technology, the devices can be classified into Electrochemical, Infrared, Catalytic, Zirconia, Paramagnetic, Laser, Metal Oxide Semiconductor (MOS), Photo Ionization Detection (PID) and others. Each technology has its own unique features with respective detection range and application. The demand for GASD devices is influenced by growing awareness of poisonous and combustible gases in the environment and government regulations to provide human safety.

The global gas analyzers, sensors and detectors market is moderately fragmented, where Honeywell International Inc. (U.S.), Industrial Scientific Corporation (U.S.), Mine Safety Appliances Co. (U.S.), and Dragerwerk AG & Co. KGaA (Germany) captured about 70.0% of the market share in production and supply. The companies in this market need to compete with each other with respect to prices and a wide product range with advanced technology and detectable gases in order to meet market requirements.

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