MarketResearch.biz has recently published its market research report titled, “China Gas Detector Equipment Market by Sensor Type (Ultrasonic Sensor, Electrochemical Gas Sensors, Infrared Sensors, Semiconductor Sensors, and Other Sensor Types), by Product Type, by End-use Application, and by Region/ Zone – Forecast from 2020 to 2029”. The report offers a deep-dive analysis of the China gas detector equipment market. It is through systematic and exhaustive research efforts, both primary and secondary, as well as ideal segmentation that the research results have been gleaned over the study period. The report also presents the first five-year cumulative revenue (2020–2024), which is projected to be valued at around US$ 2 Billion, and this is expected to increase quite significantly over the latter part of the five-year forecast period.
Browse the full “China Gas Detector Equipment Market By Sensor Type (Ultrasonic Sensor, Electrochemical Gas Sensors, Infrared Sensors, And Others), By Product Type, By End-Use Application, And By Region – Forecast From 2020 To 2029” report at https://marketresearch.biz/report/china-gas-detector-equipment-market/
China Gas Detector Equipment Market: Dynamics
Rising adoption of the equipment across various end-use industries, due to stringent government regulations associated with environment safety, VOC emissions, and labor safety in industries for various applications such as food & beverage, water treatment, chemicals, emergency services, mining, power, building construction and automation or smart homes, and others. Installation of these equipment has been made mandatory across several industries by the governments, and this along with increasing focus of major manufacturers on development and launch of products with advanced technologies such as multi-gas detectors, and portable gas detectors to comply with safety standards are factors projected to fuel growth of the China gas detector equipment market. Rising need to measure pollution in the air and to maintain air quality, detect level of hazardous gases, particularly in commercial buildings and industrial set-ups, and to avoid accidents or other mishaps are additional factors projected to propel growth of the China gas detection equipment market over the 10-year forecast period.
China Gas Detector Equipment Market: Market Forecast
The comprehensive research report comprises a complete forecast of the China gas detector equipment market based on factors affecting or impacting the market and the resulting and projected scenario in the foreseeable future. According to the forecast projections, revenue from the China gas detector equipment market is expected to expand at a CAGR of 7.8% over the forecast period.
China Gas Detector Equipment Market: Segmental Snapshot
The market report has been segmented on the basis of sensor type, product type, end-use application, and region/ zone. The sensor type segments include ultrasonic sensor, electrochemical gas sensors, infrared sensors, semiconductor sensors, and other sensor types. The product type segments include fixed gas detectors, and portable gas detectors. The end-use application segments include oil and gas, industrial, mining, building automation, and other applications. The regions/ zones covered in the analysis include Mainland China, Hong Kong, Macao, and Taiwan.
Sensor Type: The infrared sensors (IS) segment is expected to witness highest growth rate of over 8.5% in the target market
Product Type: The portable gas detectors segment is expected to register comparatively higher CAGR of over 7.9% in the China gas detector equipment market
End-use Application: The industrial segment is projected to record highest CAGR of more than 8.3% over the 10-year forecast period.
Region/ Zone: The market in Mainland China is projected to account for largest revenue share in the China gas detector equipment market, and is projected to register highest CAGR of more than 7.7% over the forecast period
China Gas Detector Equipment Market: Competitive Analysis
The research report on the China gas detector equipment market include profiles of some major companies such as MSA Safety Incorporated (Mine Safety Appliances Company), Siemens AG, Drägerwerk AG & Co. KGaA, Emerson Electric Co., California Analytical Instruments, Inc. Honeywell International Inc., ABB Ltd., AMETEK, Inc., Fortive Corporation (Industrial Scientific Corp.), and Trolex Ltd.
“China Gas Detector Equipment Market: Industry, Size, Share, Growth, Trends, and Forecast, 2020–2029” report has been prepared based on in-depth market analysis, with inputs from industry experts. This report covers the present scenario and growth prospects of the China gas detector equipment market for 2019–2029, which is a 10-year forecast period.
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