Global Market Study on Gas Leak Detector: Portable Gas Leak Detector to Remain Dominant Segment over the Forecast Period


  • Published On : May-2015 |
  • Pages : 93 Pages |
  • Format :

Persistence Market Research (PMR) provides key insights on the global gas leak detectors market over the forecast period (2015-2020). The primary objective of the report is to provide in-depth analysis and future market estimations, including growth drivers, restraints, opportunities, trends, key segments, status of the regional markets and key market players operating in the global gas leak detectors market. Along with the provision of quality insights, quantification of data has been considered through discussions with, industrialist, marketing managers and manufacturers.   

To understand and assess opportunities in the global market, the report is categorically split into four sections in terms of market value (US$ Mn), namely market analysis by Application, by product type, based on Technology, and by geography. The report further provides comprehensive data on global market estimations, competitive landscape and forecast values. The aforementioned segments have been analyzed in terms of Basis Point (BPS) to understand each segment’s relative contribution to the overall market growth. 

The geographical analysis studies the market on the basis of the regional opportunities and estimates the market value for each region during the forecast period. The report also considers a year-on-year growth based on regional market analysis, in order to identify right opportunities in each of the regions and to understand predictability of the market.

The last part of the report provides an exhaustive analysis on the global competitive landscape including leading market participants and a dashboard view. Market strategies of prominent players and their key developments are also included in the report. 

Research Methodology

To deduce the global gas leak detectors market, the report considers various aspects based on secondary research. Furthermore, key data points such as region-wise split, by application, by product type, based on technology and qualitative inputs from primary respondents have been incorporated to arrive at appropriate market estimates. The forecast presented in the report assesses the total revenue generated and expected revenue contribution in the global gas leak detectors market.     

The report begins with sizing the market in terms of value and volume for the base year, which forms the basis for forecasting how the market is anticipated to take shape in the near future. Given the characteristics of the market, gathered data is triangulated via different analysis based on the supply side and demand side drivers and other key dynamics of the global gas leak detectors market. To develop the market forecast, Persistence Market Research has also conducted a factor analysis to understand the impact of various forces/factors on the target market. The report provides forecasts not only in terms of CAGR but also presents a detailed analysis based on key parameters such as Year-on-Year (Y-o-Y) growth to understand market predictability and to identify the right opportunities.     

Another key feature of this report is an analysis of the global gas leak detectors market and the corresponding revenue forecast in terms of absolute dollar opportunity, usually overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales perspective in the global gas leak detectors market. Further, to understand key segments in terms of their growth and overall global gas leak detectors market performance, Persistence Market Research has developed a market attractiveness index to help providers identify existing market opportunities in the global gas leak detectors market.             

Gas leak detectors are increasingly used in industries, residences and commercial zones to avoid mishaps form gas leakage. Such equipment can alert on both minor and severe gas leakage using advance reading technologies such as ultrasonic, infrared and electrochemical. In addition, they are capable of detecting air toxicity and presence of combustible gas in the air. There are two different types of gas leak detector available in the market; fixed and handheld.  Industry associations and government regulation strongly advocate installation of such equipment in manufacturing units to ensure worker and workplace safety. Thus, installation of gas leak detector is mandatory in several industries as an “employee and personal safety instrument”. The global gas leak detectors market is expected to surpass US$ 3,143. Mn by 2020 end, expanding at 5.3% CAGR during the forecast period 2015 to 2020

Key Market Dynamics

PMR indicated that the demand for gas leak detector is expected to gain traction owing to increasing residential and commercial infrastructure development, especially in the emerging economies of the world. In addition, factors such as growing investments in chemical and oil & gas industry and stringent safety regulation passed by governments worldwide are expected to support the overall market growth during the forecast period. On the other hand, intense competition, low profit margins and irregularities in payment cycles in the oil and gas industry may inhibit the market growth.

Key trends observed in the market for gas leak detector include incorporation of artificial neural network technology and inclusion internet of things (IoT) to upgrade gas leak detection technology.

Segment Analysis

The global gas leak detector market is categorized into applications, technology and product type. 

By application, the market is segmented into residential, commercial establishment and industrial application. In 2014, the industrial application was the largest segment, followed commercial and residential segments respectively.

On the basis on product type, the market is bifurcated into portable gas leak detectors and fixed gas leak detector. In addition, the prior is expected to remain the dominant segment over the forecast period. Meanwhile, the fixed gas leak detector segment is anticipated to expand at a CAGR of close to 4% during the same period.

By technology, the market is segmented into infrared imaging, semiconductor, electrochemical and ultrasonic. In 2014, the infrared, semiconductor, ultrasonic segments collectively accounted for over 46% of the global market value. While electrochemical segment had the single largest share, contributing for 38% of the global market value. In addition, the demand for gas leak detectors based on infrared technology is expected to be high during the forecast period.

Regional Analysis

On the basis of region, the global gas leak detector market is segmented into North America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and the Middle East & Africa. In 2014, the Americas, Western Europe and East Europe collectively contributed for nearly 50% of the overall market value. While APEJ accounted for a contribution for 35% of the global market value, making it the most dominant single market for gas leak detectors. In addition, the markets in Middle East and Africa combined is expected to expand at a CAGR of over 6% over the forecast period.

Key Market Participants

Key participants identified in the global gas leak detector market include Honeywell International Inc, Drägerwerk AG & Co KgaA, MSA Safety Inc, Emerson Electric Company and TycoInternational plc.

Some of the Major Market Players in Leak Detector Market:

  • MSA Safety Inc.
  • Honeywell International Inc.
  • Tyco International plc.
  • Dragerwerk AG & Co. KGaA.
  • Emerson Electric Company.
  • Others.
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