Mumbai, Maharashtra, India
The market for gas sensors, detectors and analyzers is certainly growing from a global perspective. Market participants expect to tap opportunities by educating end users on the advantages of using different sensors. There is a shift in the combustible gas market as catalytic gas detectors are gaining lost ground owing to their extensive detection capability, which is driving the growth of combustible market.
Frost & Sullivan's (www.sensors.frost.com) study, World Gas Sensors, Detectors, Analyzers, reveals that the three markets earned revenues of $48.5 million, $680 million, and $278.5 million respectively in 2005 and estimates this to reach $80.6 million, $947.3 million and $376.1 million in 2012.
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"The increasing awareness for plant and personnel safety in the developing countries is driving the growth of the gas detectors and gas analyzers market," notes Frost & Sullivan Industry Analyst Dr. Rajender Thusu. "As the market is inclined towards combustible gas detection, and end users are concerned about plant safety, the need for toxic gas detection is likely to increase in future through awareness programs."
The recent investments in oil and gas refineries, with low toxic gases usage, are driving the combustible gas detection market. Reduction in work force is also a major restraint. Due to automation and work force reduction, the deployment of gas detectors for personnel safety and health is low and therefore the growth of the toxic gas detectors market is lower than that of combustibles.
The gas detectors market is primarily dependent on industries such as oil and gas, chemicals and petrochemicals, wastewater treatment plants, energy production, healthcare facilities, power and others. However, an economic slowdown in North America has slowed the setting up of new infrastructure facilities. Therefore, gas detector manufacturers witnessed minimal new equipment sales and a corresponding lack of growth.
"Construction of new facilities in end-user industries such as oil, gas, and power generation, crucial for the growth of the gas detectors market, has reduced drastically," adds Research Analyst V. Sankaranarayanan. "There is actually a dearth of construction activities in end-user industries such as power generation."
As the North American and European markets are maturing, participants can target under developed and developing countries that offer more opportunities. However, this can prove beneficial only if end users have proper knowledge of gas detectors.
World Gas Sensors, Detectors and Analyzers Market is part of the Sensors and Electrical Subscription. It provides an overview and outlook for the above-mentioned markets/and divides them into various technology segments, four geographic segments and ten end-user segments. It also includes detailed market opportunities and industry trends evaluated following extensive interviews with market participants. Executive summaries and analyst interviews are available to the press. This study provides detailed market opportunities and industry trends evaluated following extensive interviews with market participants in the following segments: toxic gas detectors (electrochemical and semiconductor), combustible gas detectors (catalytic and infrared) and analyzers (NDIR, zirconia, paramagnetic and electrochemical). Interviews are available to the press.
Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics. For more information, visit http://www.frost.com.
World Gas Sensors, Detectors and Analyzers Market
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Ravinder Kaur, Corporate Communications - South Asia & Middle East, Frost & Sullivan, +91 (044) 4204 4515 ravinder.kaur@frost.com
Tori Foster, Corporate Communications - North America, Frost & Sullivan, +1 210 477 8448 tori.foster@frost.com
Source: Frost & Sullivan (Business Wire India)
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