Wireless Gas Detection Market Size & Analysis - Forecasts To 2025 By Technology (Wi-Fi, Bluetooth, Cellular, License-Free ISM Band, Others), By Type (Hardware [Catalytic Sensors, Infrared Sensors, Photoionization Detectors, Electrochemical Sensors, Others], Software, Services), By Application (Industrial Safety, National Security & Military Safety, Environmental Safety); By End-Use (Oil & Gas, Chemical & Petrochemical, Utilities & Power Generation, Mining & Metals, Commercial Buildings & Public Facilities, Government & Military, Water & Wastewater Treatment Plants, Others), By Region (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa) End-use Landscape, Vendor Landscape and Market Share & Competitor Analysis - Global Market Estimates
Wireless Gas Detection Market Insights
The wireless gas detection market is anticipated to witness a lucrative CAGR of 16.1% over the forecast period. The market growth is attributed to its increasing application in industrial & environmental safety. It is also widely used for national security and military operations. Moreover, the growth and innovations in the wireless gas detection products are further anticipated to propel the industry growth.
Factors such as higher flexibility, accuracy and reliability for detecting the gas leaks also contribute towards the market growth. The installing wireless gas detection reduces the installation costs about 90% efficiently as compared to the traditional wire gas detection systems.
However, the risks associated with web of connected devices act as a market restraint. In order to receive and process the data, a strong infrastructure is required which is offered by different wireless technology providers. Thus, there are chances of privacy issues which can directly affect the usage of wireless gas detection systems, thereby hampering the overall market growth.
Wireless Gas Detection Market: Technology Insights
On the basis of technology, the Wireless Gas Detection Market is segmented into Wi-Fi, Bluetooth, cellular, and license-free ISM band, among others. The Wi-Fi-based systems are anticipated to occupy the largest market share over the coming years. The wide usage of Wi-Fi to communicate with other IP devices is anticipated to augment market growth over the coming years. Moreover, this technology is apt for industrial application.
Wireless Gas Detection Market: Type Insights
On the basis of type, the Wireless Gas Detection Market is segmented into Hardware, Software and Services. The hardware segment is further divided into catalytic sensors, infrared sensors, photoionization detectors, electrochemical sensors, and others. The Hardware segment is expected to grow at a significant rate over the forecast period. This can be attributed to its necessity as a part of the wireless gas detection. The detectors are constituted of different sensors which help in detecting combustible & toxic gases.
The services segment is expected to stimulate market growth mainly due to its features which make it reliable and important for long-term processing. Moreover, the increasing trend of learning innovations with the help of training & support services are also anticipated to boost market growth.
Wireless Gas Detection Market: End-Use/Application Insights
The global wireless gas detection market, by application is segmented into oil & gas, chemical & petrochemical, utilities & power generation, mining & metals, commercial buildings & public facilities, government & military, and water & wastewater treatment plants, among others.
The commercial buildings & public facilities’ segment is expected to occupy the highest share in the market due to the rising demand for gas detectors in order to improve air quality and growing need to monitor CO2 levels in packed spaces such as auditoriums, conference rooms and so on.
Besides this, wireless gas detectors are extensively used for a number of applications including Industrial Safety, National Security & Military Safety, and Environmental Safety among others.
Wireless Gas Detection Market: Regional Insights
Asia-Pacific is expected to hold the largest market share over the forecast period on account of the rapid adoption of wireless gas detection system for industrial safety. Demand is expected to arise from countries such as Japan, India and South Korea.
The market in North America is also expected to grow significantly owing to the rising number of vendors of wireless gas detection market. Moreover, the dominance of manufacturing industries in this region is also anticipated to stimulate the market growth.
Wireless Gas Detection Market: End-Use Landscape
The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase from wireless gas detection market over the coming years. Some leading consumers of this market are Exxon Mobil, Gazprom, Mitsui, and Skanska.
Wireless Gas Detection Market Share & Competitor Analysis
The global market for this product is expected to be significantly large due to the presence of numerous manufacturers. The key players include Tyco Gas and Flame Detection, Honeywell International, Inc., Sensidyne United Electric Controls, Integrated Device Technology, Inc., Yokogawa Electric Corporation, General Electric Company, and Drägerwerk AG & Co. KGaA.
Please note: This is not an exhaustive list of companies profiled in the report.
In November 2017, Integrated Device Technology, Inc. announced its first generation of gas sensors to provide better sensitivity, stability, and selectivity improvements.
In October 2017, Trakopolis and Honeywell announced extending their partnership.
Check the Press Release on Wireless Gas Detection Market Report
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The global Wireless Gas Detection Market has been studied from the year 2016 till 2025. However, the CAGR provided in the report is from the year 2017 to 2025. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Wireless Gas Detection Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies, and customer analytics.
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