January 16, 2019
WELLESLEY, Mass., Jan. 16, 2019 – The portable gas detectors market is continuing to thrive due to oil and gas explorations across the globe and the increasing use of portable gas detectors in end-use industries such as transportation, fire service, mining, wastewater treatment and chemical manufacturing, according to BCC Research.
The global market for portable gas detectors was valued at $1.3 billion in 2018 and is expected to reach $1.6 billion by 2023 at a compound annual growth rate (CAGR) of 4.3% during the forecast period, according to the report “Portable Gas Detection Systems: Global Markets.”
Prominent players in the market include: ATI Analytical Technology, Inc., Bacharach Inc., Bascom-Turner Instruments Inc., Crowcon Detection Instruments Ltd., Drägerwerk AG (DRWKF), Dynament Ltd., GfG Europe Ltd., Trolex Ltd. and Aeroqual Ltd., among others.
“The high price of petroleum and the soaring emissions of toxic gases have forced people to opt for natural gas as an automobile fuel alternative,” report analyst Aneesh Kumar noted. “The number of natural gas stations is increasing, and the demand for natural gas detectors is also increasing in order to prevent hazards. Environmental regulations and compliance with safety standards are two significant drivers of the market for portable gas detectors.”
Environmental Pollution as a Driving Force in the Market
As air pollution affects 92% of the world’s population, there is a growing need for low cost, direct pollution measurement in order to combat increasing air quality concerns. Chemical gas sensors will play a key role in pollutant monitoring over the next decade. Environmental gas sensors are also able to identify and quantify the concentration of pollutants in the immediate environment.
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Portable Gas Detection Systems: Global Markets( IAS108B )
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