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Wireless Gas Detection market - Business and Innovation Trends 2018-2024

Press Release   •   Apr 16, 2018 08:54 EDT

North America holds the largest share in the industry owing to the presence of key players such as Emerson Electric Co., Agilent Technologies, Inc., and Honeywell International, Inc. in the region. The tendency of the region to adopt the latest advanced technologies in wireless communication is a key factor driving the industry growth in the region. The Asia Pacific wireless gas detection market is expected to grow at a fast rate owing to the rapid industrialization in countries including China, Japan, and India. Growing adoption of these systems in the automotive sector in the region is a key factor driving the wireless gas detection market over the coming years.

Wireless Gas Detection Market size is expected to witness a significant growth from 2018 to 2024 owing to the rising need for real-time and constant monitoring of gas emissions in industries, tunnels, and mines. The rise in the number of fatal accidents has led to a growing demand for the detection of toxic gases among the military sector, firefighters, and security personnel. Several regional government administrations are passing stringent regulations to ensure worker safety and foster a healthy and safe working environment. Employers are required to adhere to standards such as OSHA and ANSI to ensure a safe working atmosphere. Rising concerns about worker safety coupled with increasing government initiatives to support worker safety are expected to fuel the wireless gas detection market growth.

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Innovations and developments in the detection systems are the major factors driving the wireless gas detection market growth. Wireless systems feature enhanced portability as compared to the traditional wired systems. Moreover, these systems ensure ease of operations for real-time data collection in power, chemical, and oil & gas industries. The growing demand for easily deployable gas indicators that provide ease-of-installation is projected to propel the wireless gas detection market growth. Scalability and flexibility offered by these solutions will encourage their adoption in industries over the forecast timespan.

The industry is witnessing several technological advancements. User-friendly and intuitive systems are being developed to facilitate enhanced operations. Wireless systems are enabling enhanced interoperability and reduced costs. Long wiring systems lead to the hassle of complex installations. Improved battery life and reduced maintenance costs of wireless systems are fueling the wireless gas detection market growth. These detectors are mostly connected to a control system through the industrial internet of things (IIoT). Increasing proliferation of IIoT in industries and manufacturing sectors are driving the wireless gas detection market.

The high development cost of these systems is anticipated to hinder the wireless gas detection market over the forecast timespan. Small-scale industries and manufacturing facilities that have budgetary constraints cannot afford to incorporate these solutions. Also, the complexity in designing these systems to suit the rapidly-changing industrial standards is a key factor hampering the wireless gas detection market growth. Lack of awareness of these systems in underdeveloped countries may also limit their adoption.

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The wireless gas detection market for Wi-Fi technology is expected to grow at a fast rate owing to the increasing use of Wi-Fi in industries and manufacturing facilities. Wi-Fi technology ensures efficient and safe industrial operations with enhanced connectivity solutions. The enhanced communication abilities of Wi-Fi with other devices aid the segment growth in the wireless gas detection market. Cost efficiency of Wi-Fi enabled systems and the ease-of-their installation are leading to a rise in their demand.

Hardware components such as sensors, controllers, human-machine interfaces and alarms form an integral part of these systems. The hardware segment is expected to grow at a fast rate over the coming years owing to the technological advancements in the hardware sector such as miniaturization of components and fast processing speeds. Sensors that feature fast response time are being developed. The service segment is also expected to grow over the forecast timespan since there is a growing need for reliable services for wireless detection processing. Modernization in wireless technologies will boost the demand for enhanced support and training services.

The wireless gas detection market has been segmented by applications into government & military, commercial buildings & public facilities, manufacturing industries, mining & metals, utilities & power generation, oil & gas, chemical & petrochemicals, marine, food & beverages, pharmaceuticals, and agriculture. The oil & gas sector is expected to grow at a fast rate over the forecast timespan. These systems are used for real-time detection and remote monitoring of gases in confined spaces. They also increase the efficiency of incident response and reduce potential exposure. Increasing adoption of these systems in the oil & gas industry is projected to propel the wireless gas detection market growth.

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Key players in the wireless gas detection market include Siemens AG, Honeywell International, Inc., Yokogawa Electric Corporation, Tyco Gas and Flame Detection, United Electric Control, Gastronics, Inc., Crowcon Detection Instruments Ltd., Drgerwerk AG & Co. KGaA, and Airtest Technologies, Inc. Vendors operating in the industry are focusing on offering advanced product features and enhanced services. Established brands are expanding their production facilities globally to strengthen their market presence. The strong market position of the existing key players and their expertise in real time and remote communication techniques are making end users rely on these players for wireless gas detection systems.

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