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Global gas detection equipment market size to boost at 5.70% CAGR through 2027
The research report on ‘Global Gas Detection Equipment Market’ is compiled with an objective to enable readers to understand vitals of this business sphere, while acquainting them with catalysts and challenges which will define the growth graph of the industry over 2020-2027. Market Study Report, LLC.
Selbyville, Delaware, May 26, 2021 (GLOBE NEWSWIRE) Credible sources claim that global
gas detection equipment market size was valued approximately USD 3.63 billion in 2019 and is reckoned to record a compound annual growth rate of 5.70 % during 2020-2027 to accumulate USD 5.66 billion by the end of forecast period.
Global Gas Detection Equipment Market to Reach $3.4 Billion by 2026
Gas detection equipment are major front-line systems used in various industries for early detection of leakage of flammable and toxic gasses and vapors. Demand in the global market is set to be driven by increasing adoption of these safety devices in industrial, commercial and other industries for ensuring worker safety, minimizing risks and preventing fire breakouts. The market benefits from rising demand from end-use industries, focus on residential and workplace safety standards, and enforcement of tough environmental regulations. The oil & gas and chemicals industries are among the primary end-users of gas detectors owing to increasing emphasis on safety measures related to gas processing. Industry protocols and government laws that require gas facilities to use gas detectors are driving technical innovations such as infrared and photoionization technology. Growth is also anticipated to be influenced by penetrat
The objective of the study is to define market sizes of different segments & countries in previous years and to forecast the values to the next five years. The Portable Gas Detection Equipment Market report is designed to incorporate both qualitative and quantitative aspects of the industry with respect to each of the regions and countries involved in the study.
The study objectives of this report are:
To study and analyze the global Portable Gas Detection Equipment market size (value & volume) by company, key regions/countries, products and application, history data from 2016 to 2020, and forecast to 2027.
To understand the structure of Portable Gas Detection Equipment market by identifying its various sub-segments.