Apac Gas Leak Detectors Market 2022
PMR’s report delivers key insights on APAC gas leak detectors market, which is foreseen to reach US$ 1,647 Million by the end of 2027.
Persistence Market Research (PMR) in its latest outlook titled “Gas Leak Detectors Market: APAC Industry Analysis and Forecast, 2016-2027,” projects that the gas leak detectors market in APAC is set to witness a pronounced growth, expanding at a CAGR of 5.9% in terms of value over the forecast period (2016-2027). The market is expected to be governed by trends such as development, adoption and use of advanced technologies such as Internet of Things (IoT) and artificial neural network technology, becoming more prevalent over the forecast period.
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Market Overview
The market growth will be primarily driven by the expansion of key end user industries such as oil & gas, chemicals and petrochemicals. In addition, increasing natural gas exploration activities and setting up of numerous oil refineries in the region is projected to drive the market during the assessment period. Gas leak detectors are being rapidly installed in residential and commercial vicinities, which is further anticipated to influence the growth of APAC gas leak detectors market in the near future. Also, healthy penetration of emergency systems in ASEAN countries and India is translating into higher demand for gas leak detectors.
Key Players:
The report has profiled some of the Important players prevalent in the global like – Honeywell International, Inc., Emerson Electric Co., Thermo Fisher Scientific Inc., Drägerwerk AG & Co. KGaA, General Electric, MSA, United Technologies Corporation, Tyco International plc., Industrial Scientific, and New Cosmos Electric Co. Ltd and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the APAC Gas Leak Detectors.
Demand for Portable Gas Leak Detectors Expected to Gain Maximum Traction over 2027
Based on product type, portable gas leak detectors is expected to register the highest growth in terms of value, witnessing a 6.2% CAGR over the forecast period. The segment is set to gain around 130 basis points by the end of 2027.
On the basis of technology type, the electrochemical segment is projected to command for a significant value share of the market by closing end of the assessment period.
Due to a sturdy expansion of chemicals and petrochemical sectors, gas leak detectors will find broader application in such industries. Hence, the industrial application segment will grow steadily throughout the projected period.
APAC Gas Leak Detectors Market: Country Wise Projection
In 2015, China accounted for the predominant share of the market in terms of value attributed to the strong presence of major end use industries in the country. The market in Chine is expected to maintain its leading position throughout the forecast period. Meanwhile, markets in India and in ASEAN countries is anticipated to register stout growth. Japan will continue to be the second largest market for gas leak detectors in APAC region and is likely to witness a relatively slower growth over the same period.
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Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Arabia, South Africa etc.)
Key Stakeholders
APAC Gas Leak Detectors Market Manufacturers
APAC Gas Leak Detectors Market Distributors/Traders/Wholesalers
APAC Gas Leak Detectors Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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APAC Gas Leak Detectors Market – Report Highlights
- A detailed overview of parent market of APAC Gas Leak Detectors Market
- Changing APAC Gas Leak Detectors Market dynamics in the industry
- In-depth segmentation of the APAC Gas Leak Detectors Market
- Historical, current, and projected APAC Gas Leak Detectors Market size regarding volume and value
- Recent industry trends and developments in APAC Gas Leak Detectors Market
- Competitive landscape of the APAC Gas Leak Detectors Market
- Strategies for key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on APAC Gas Leak Detectors Market performance
- Must-have information for APAC Gas Leak Detectors Market players to sustain and enhance their market footprint
Key Questions Answered in This Report.
- What will the Market growth rate in Future?
- What are the key factors driving the global Market?
- Who are the key manufacturers in Market space?
- What are the opportunities and threats faced by the vendors in the global industry?
- What are sales, revenue, and price analysis by regions of industry?
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