Wireless Gas Detection Market to Reach USD 2.2 Billion by 2027 | CAGR 5.6% – Forencis Research

Wireless Gas Detection Market - Global Industry Analysis and Forecast 2020 to 2027

Global Wireless Gas Detection Market: Key Highlights

  • According to the new market research report Wireless Gas Detection Market by Component (Hardware & Sensor, Software, Services) Technology (Bluetooth, Wi-Fi), by End Use Industry (Chemicals, Oil & Gas, Energy & Power), by Region (Asia Pacific, Europe, Middle East & Africa, South America, North America) – Global Forecast (2020 to 2027)”, the global Wireless Gas Detection Market is estimated to reach USD 2.2 Billion by 2027 at a CAGR of around 5.6% during the review period.
  • A gas detector is an instrument that is used to continuously monitor and detect hazardous gases and vapors, and most importantly, to generate auditory and visual alarms to alert personnel to the existence of these hazards.
  • A wireless gas monitor uses a gas sensor module to monitor for the presence of toxic gas. The gas sensor module may consist of an electrochemical sensor inside a sensor module installed into the transmitter housing.

Wireless Gas Detection Market

Global Wireless Gas Detection Market: Key Market Dynamics

  • High accuracy, flexibility, and reliability in the detection of gas leaks and growing focus on environment safety will drive the wireless gas detection market during forecast period.
  • Moreover, growing use of wireless gas monitoring system in oil & gas industry is expected to become an opportunity for the market during assessment period.
  • However, high development cost of wireless gas detection system will hamper on the growth of the market during projected years.

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Global Wireless Gas Detection Market: Regional Overview

  • North America

North America will dominate the wireless gas detection market during forecast period. Increasing chemical and oil & gas industry, supported government regulations, and presence of global players such as Honeywell International Inc. will add fuel in the growth of the market in this region. US and Canada will drive the market in North America region. In 2017, Honeywell launched new connected gas detector to keep industrial operations safe while making set-up, maintenance and reporting fast and easy.

  • Asia-Pacific

Asia-Pacific is expected to grow at faster rate during forecast period. Increasing military & defense, oil & gas, and chemical industries and increasing accidents in chemical industries will increase the need of wireless gas detection system in Asia-Pacific. India, China, Japan, and South Korea will drive the market in APAC region. In June 2020, the poisonous gas has been leaked from LG Polymers plant in the city of Visakhapatnam in Andhra Pradesh state and At least 11 people have been killed and 800 others taken to hospital. In September 2017, the Yokogawa Electric Corporation launched SIS SIL2, a wireless gas detection system to improve maintenance and enhance operating frequency.

Global Wireless Gas Detection Market: Key Players Overview

  • Emerson Electric Co:

The company engages in the developing innovative solutions and work in two business segments: automation solutions and commercial & residential solutions. In wireless gas detection market, the company provide wireless monitoring sensors and transmitters. These products are made for oil & gas, pulp & paper, and waste water treatment industries. In 2019, the company launched Rosemount 628 Universal Gas Sensors, to measure carbon monoxide and oxygen depletion in addition to the existing capability to monitor hydrogen sulfide. These additions to the series provide a broader range of hazardous situations that can be monitored using the Rosemount™ 928 Wireless Gas Monitor platform.

  • Siemens AG:

Siemens is one of the fortune 100 company engages in the areas of electrification, automation and digitalization. One of the world’s largest producers of energy-efficient, resource-saving technologies, Siemens is a leading supplier of systems for power generation and transmission as well as medical diagnosis.  The company developed SWING, a wireless detector to detect dust, steam, or gas. Moreover, to protect explosion hazardous areas, the company provide explosive environment detectors for fast and reliable fire detection.

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Published : 2020-09-10