NEW YORK, July 15, 2015 /PRNewswire/ -- Gas analyzer, sensor and detector (GASD) devices are primarily used for measuring safety in any industry and 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. 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 feature with respective detection range and application.
Asia-Pacific region dominated the global GASD market size by value in 2014 with around 35% share in the global market. Asia-Pacific is projected to have the highest market size in terms of value by 2020, followed by the North America region. Europe is projected to be the next fastest growing market, at a CAGR of around 4.0% from 2015 to 2020, owing to rise in consumption in the 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 projected to grow at a rate of about 4.5% in terms of value.
This study estimates the market value for GASD and projects the same by 2020. As a part of quantitative analysis, the study segments the market by technology, systems, and end-user industry at regional level with the current market estimation and forecast till 2020. The countries covered in the report are North America, Europe, Asia-Pacific, Middle-East & Africa, and RoW. The segmentation by technology includes electrochemical, infrared, metal oxide semiconductor, catalytic, laser and others. The segmentation by system includes fixed, and portable. The segmentation by end-user industry includes oil & gas, buildings & construction, food & beverage, healthcare, water treatment, and others. Further as a part of qualitative analysis, the research provides a comprehensive review of major market drivers, restraints, opportunities, burning issues, challenges, and key issues in the market. It also includes the company profiling and competitive strategies adopted by different market players, including Honeywell International Inc. (U.S.), ABB Ltd. (Switzerland), GE Measurement & Control (U.S.), Figaro Engineering Inc. (Japan); Dragerwerk AG & Co. KGaA (Germany), Testo AG (Germany), and others.
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