Market Insight- APAC Gas Leak Detectors Market

Market Overview

A gas detector is an equipment that detects the presence of gases in an area. Generally, it is used as part a of safety system to detect gas leak or other emissions. These gas detectors are, generally, linked to control systems so that appropriate actions can be taken to ensure safety. There are different types of gas leak detectors available in the market including electrochemical, photoionization, infrared point, ultrasonic, semiconductor, etc. Gas leak detectors are used in various industrial and commercial enterprises. The major use of gas leak detectors is in oil & gas industries, chemical and power industries, while in commercial segment, it finds applications in restaurants, hotels, and hospitals. Furthermore, gas leak detectors find applications in municipal water, wastewater treatment, automotive manufacturing, mining, and iron & steel industries. 

The global gas leak detector market was valued for US$ 1,242.7 Mn in 2019 is expected to exhibit a CAGR of 5.9 % during the forecast period.

Market Dynamics- Drivers

  1. Growing application in oil & gas industry to ensure safety of workers is expected to drive growth of the APAC gas leak detectors market during the forecast period

Gas leak detectors are one of the many must-have devices in oil & gas industry that are necessary for protection of personnel and property hazards such as deadly, toxic, and combustible gases. Furthermore, gas detectors offer high reliability and high responsive methods to monitor toxicity, oxygen levels, and flammability. Development of gas infrastructure pipelines, warehouses, and gas stations is expected to increase, owing to growing demand for gas in the region. According to Coherent Market Insights’ analysis, natural gas liquefaction capacity in the region is expected to exhibit growth of around 66% between 2014 and 2020. Moreover, expansion of capabilities and establishments of new facilities is expected to boost the demand for gas leak detectors and thereby drive growth of the APAC gas leak detectors market in the near future.

  1. Strict regulatory policies and safety norms regarding gas leaks in numerous industries are expected to propel the APAC gas leak detectors market growth over the forecast period

Stringent regulatory policies, laws, and safety norms are being implemented in various industries including chemical, pharmaceuticals, energy, petrochemicals, etc. Gas leak detectors are used in these aforementioned industries to detect toxic and flammable gas leaks from process containers and chambers. For instance, hazardous CO2 gas is produced during the brewing process, which needs to be safely disposed of. There are number of strict regulatory policies, safety norms, operational safety rules, and management procedures for environmental accountability that are being enforced to ensure safety operational environment for personnel and property. For instance, according to the Australia/New Zealand standard AS/NZS60079.29.2:2008, it is mandatory to install a gas detector as per work regulations, to detect flammable gases and oxygen. Thus, these factors are expected to support the market growth over the forecast period.

The market in China dominated the APAC gas leak detectors market 30.9 % in 2019 followed by Japan and South Korea, respectively

APAC Gas Leak Detectors  | Coherent Market Insights

Source: Coherent Market Insights

Market Dynamics- Restraints

  1. Low profit margins due to strong competition in the region are expected to hinder growth of the APAC gas leak detectors market during the forecast period

The APAC gas leak detectors market is highly fragmented and competitive with presence of small regional players and very few large international enterprises. Such intense competition between SMEs and large organizations has resulted in low profit margins from products. This, in turn, is expected to hinder the APAC gas leak detectors market growth over the forecast period.

  1. Lack of highly skilled workers is expected to restrain growth of the APAC gas leak detectors market growth over the forecast period

Training associated with specific application of gas leak detectors is essential, typically for personnel using portable gas leak detectors apart from guidelines from the manufacturer’s side such as quick-start guides and electronic simulators. Gas leak detectors are designed to alarm people in the form of light, sound, or vibrate when some gas is detected, but in case of critical situations, it is very important to understand technical limitations and environmental influences to avoid misinterpretations, major accidents, or personnel panic. Relative operational complexities and costs associated with advanced technology based systems hampers their wide-scale adoption especially among relatively smaller scale end users. Hence, these factors are expected to hinder the market growth during the forecast period.

Market Opportunities

  1. Increasing development of infrastructure in Asia Pacific is expected to present lucrative growth opportunity

In commercial and residential applications, gas leak detectors are primarily used for detection of propane gas leak from appliances, gas pipe fittings, and propane tank. Increasing development of commercial infrastructure combined with various large-scale projects such as malls, company headquarters, airports, and hospitals in the region are expected to offer lucrative growth opportunities in the near future. These opportunities are majorly available in emerging economies such as India and China due to increasing demand for safety and security features in residential projects.

  1. Rising use of industrial gases is expected to provide major growth opportunities in the near future

Growing consumption of industrial gases such as helium, nitrogen, and argon across different manufacturing industries is expected to provide significant growth opportunities for major vendors to capitalize on the market. Moreover, the use of gases in refrigeration and HVAC processes in automotive application is expected to provide excellent growth for market players over the forecast period.

APAC Gas Leak Detectors  | Coherent Market Insights

Source: Coherent Market Insights

Market Trends

  1. Integration of advanced technology in gas leak detectors

Many manufacturers are focused on development of gas detectors incorporated with advanced features and novel technologies such as artificial neutral network (ANN) and Internet of Things (IoT), in order to make gas detectors highly efficient. For instance, Honeywell partnered with Houston-based Accudata Systems to develop ConneXt Pro, the first-of-its-kind wireless gas detection system based in the IoT technology. Moreover, General Monitor – a U.S.-based manufacturer of gas leak detectors – developed Observer-i, an ultra-sonic multiple gas leak detector, based on ANN technology platform, which can distinguish between real gas leaks and false alarms.

  1. Advent of portable gas detectors is another major trend in the market

Various manufacturers in the industry are involved in incorporation advanced technologies including data logging, recording, streamline compliance, wireless connectivity, etc. into gas leak detectors. Furthermore, advanced portable gas detectors are focused on increasing applications as personal protective devices in different industries and also for mobile testing of widespread manufacturing plants. This is owing to the capability of these detectors to detect multiple gases and store data for analysis.

Segment information:

In APAC gas leak detectors market, by technology segment, electrochemical sub-segment dominated the APAC market in 2019, accounting for 73.6% share in terms of value.

APAC Gas Leak Detectors  | Coherent Market Insights

Source: Coherent Market Insights

Value Chain Analysis

APAC Gas Leak Detectors  | Coherent Market Insights

Competitive Section

Key players operating in the APAC gas leak detectors market are Honeywell International, Inc., MSA, New Cosmos Electric Co. Ltd, Emerson Electric Co., Industrial Scientific, Thermo Fisher Scientific Inc., Tyco International plc, Drägerwerk AG & Co. KgaA, United Technologies Corporation, and General Electric.

Key Developments

  1. Key companies in the market are focused on mergers and acquisitions, in order to gain competitive edge in the market. For instance, in December 2019, Honeywell International Inc. acquired Rebellion Photonics, a U.S.-based provider of intelligent, visual gas monitoring solutions.
  2. Major market players are involved in collaborations and partnerships, in order to enhance their market presence. For instance, in June 2018, New Cosmos Electric Co. Ltd, a supplier of gas detection equipment, collaborated with Itron Inc. to improve gas safety for utilities with methane detectors.

A gas leak detectors is an electronic device that detect the presence of gases in a particular area using various technologies such as electrochemical, infrared, catalytic and others. These devices are used to detect harmful and combustible gases for the safety purposes. A gas leak detector system identify the leakage in gas and send signal to operators to take proper action by providing them ample time to leave the danger area. Moreover, gas detector systems are fitted with a sound alarm which is used to leave the danger area in case of toxic gas leakage. Gas leak detectors are used in various industries such as oil & gas industry, pharmaceutical manufacturing, refiners, mining, hazmat operations, industrial plants, and waste-water treatment facilities. Furthermore, gas leak detectors find applications in wastewater treatment, municipal water, automotive manufacturing, mining, and iron & steel industries. 

Market Dynamics

Growing oil & gas industry is one of the major factor driving the growth of gas leak detectors market. A gas detectors offer high reliability and high responsive methods to monitor toxicity, oxygen levels, and flammability. Development of gas infrastructure pipelines, warehouses, and gas stations is expected to increase, owing to growing demand for gas in the region. According to Coherent Market Insights’ analysis, natural gas liquefaction capacity in the region is anticipated to exhibit growth of around 66% between 2014 and 2020. Moreover, expansion of capabilities and establishments of new facilities is expected to boost the demand for gas leak detectors and thereby drive growth of the APAC gas leak detectors market in the near future.

Stringent regulatory policies, laws, and safety norms are being implemented in various industries including chemical, pharmaceuticals, energy, petrochemicals, etc. Gas leak detectors are used in these industries to detect toxic and flammable gas leaks from process containers and chambers. For instance, hazardous CO2 gas is produced during the brewing process, which needs to be safely disposed of. There are number of strict regulatory policies, safety norms, operational safety rules, and management procedures for environmental accountability that are being enforced to ensure safety operational environment for personnel and property. For instance, according to the Australia/New Zealand standard AS/NZS60079.29.2:2008, it is mandatory to install a gas detector as per work regulations, to detect flammable gases and oxygen. Thus, these factors are expected to support the market growth over the forecast period.

Market Taxonomy

This report segments the APAC gas leak detectors market on the basis of by technology, by application, by product type and region. On the basis of technology, APAC gas leak detectors market is segmented into electrochemical, infrared, semiconductor, catalytic and others. On the basis of application, APAC gas leak detectors market is segmented industrial (oil and gas, chemical, petrochemicals), commercial (hospitals, hotels & restaurants, others), residential and others. On the basis of product type, APAC gas leak detectors market is segmented into fixed and portable detectors. On the basis of country, APAC gas leak detectors market is segmented into China, India, Japan, ANZ, South Korea and Rest of APAC.

Key features of the study:

  • This report provides an in-depth analysis of the APAC gas leak detectors market and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2019-2027), considering 2018 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
  • It profiles leading players in the APAC gas leak detectors market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered in the APAC gas leak detectors market includes Honeywell International, Inc., MSA, New Cosmos Electric Co. Ltd, Emerson Electric Co., Industrial Scientific, Thermo Fisher Scientific Inc., Tyco International plc, Drägerwerk AG & Co. KgaA, United Technologies Corporation, and General Electric.
  • These key market players are focusing on collaboration strategy with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
  • The APAC gas leak detectors market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global boat steering system market.

Detailed Segmentation:

  • APAC Gas Leak Detectors Market, By Technology:
    • Electrochemical
    • Infrared
    • Semiconductor
    • Catalytic
    • Others
  • APAC Gas Leak Detectors Market, By Application:
    • Industrial
      • Oil and gas
      • Chemical
      • Petrochemicals
    • Commercial
      • hospitals
      • hotels & restaurants
      • others
    • Residential
    • Others
  • APAC Gas Leak Detectors Market, By Product Type:
    • Fixed
    • Portable
  • APAC Gas Leak Detectors Market, By Region:
    • China
    • India
    • Japan
    • Australia and New Zealand
    • South Korea
    • Rest of APAC
  • Company Profiles
    • Honeywell International, Inc.*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • MSA
    • New Cosmos Electric Co. Ltd
    • Emerson Electric Co.
    • Industrial Scientific
    • Thermo Fisher Scientific Inc.
    • Tyco International plc
    • Drägerwerk AG & Co. KgaA
    • United Technologies Corporation
    • General Electric

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Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Technology
      • Market Snippet, By Application
      • Market Snippet, By Product Type
      • Market Snippet, By Country
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Regulatory Scenario
    • Industry Trend
    • Merger and Acquisitions
    • New system Launch/Approvals
  4. APAC Gas Leak Detectors Market, By Technology, 2017-2027  (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Segment Trends
    • Electrochemical
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    • Infrared
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    • Semiconductor
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    • Catalytic
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    • Others
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
  5. APAC Gas Leak Detectors Market, By Application, 2017-2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Segment Trends
    • Industrial
      • Market Share Analysis, 2017 and 2027 (%)
      • Segment Trends
    • Commercial
      • Market Share Analysis, 2017 and 2027 (%)
      • Segment Trends
    • Residential
      • Market Share Analysis, 2017 and 2027 (%)
      • Segment Trends
    • Others
      • Market Share Analysis, 2017 and 2027 (%)
      • Segment Trends
  6. APAC Gas Leak Detectors Market, By Product Type, 2017-2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Segment Trends
    • Fixed
      • Market Share Analysis, 2017 and 2027 (%)
      • Segment Trends
    • Portable
      • Market Share Analysis, 2017 and 2027 (%)
      • Segment Trends
  7. APAC Gas Leak Detectors Market, By Country, 2017-2027  (US$ Million)
    • Introduction
      • Market Share Analysis, By Country, 2017 and 2027 (%)
    • China
      • Country Trends
      • Market Size and Forecast, By Technology, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Application, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Product Type, 2019–2027 (US$ Million)
    • India
      • Regional Trends
      • Market Size and Forecast, By Technology , 2019–2027 (US$ Million)
      • Market Size and Forecast, By Application, 2019–2027 (US$ Million)
      • Market Share Analysis, By Product Type, 2019-2027 (US$ Million)
    • Japan
      • Country Trends
      • Market Size and Forecast, By Technology Type, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Application, 2019–2027 (US$ Million)
      • Market Share Analysis, By Product Type, 2019-2027 (US$ Million)
    • Australia and New Zeland
      • Country Trends
      • Market Size and Forecast, By Technology, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Application, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Product Type, 2019–2027 (US$ Million)
    • South Korea
      • Country Trends
      • Market Size and Forecast, By Technology, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Application, 2019–2027 (US$ Million)
      • Market Share Analysis, By Product Type, 2019-2027 (US$ Million)
    • Rest of APAC
      • Country Trends
      • Market Size and Forecast, By Technology, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Application, 2019–2027 (US$ Million)
      • Market Share Analysis, By Product Type, 2019-2027 (US$ Million)
  8. Competitive Landscape
    • Company Profiles
      • Honeywell International, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • MSA
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • New Cosmos Electric Co. Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Emerson Electric Co.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Industrial Scientific
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Thermo Fisher Scientific Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Tyco International plc
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Drägerwerk AG & Co. KgaA
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • United Technologies Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • General Electric
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

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