Report: Gas detection equipment to reach $1.5B by 2010

July 19, 2007 — /PRWEB/ — SAN JOSE, CA — Gas detection equipment, a highly fragmented market, focuses mainly on enclosed and work environments where hazardous gas levels cause a serious concern for human health. The market is segregated into two segments that include fixed and portable instruments. Portable gas detection segment sales dominate the fixed equipment in terms of volume.

With the evolving wireless gas monitoring system, competition seems to be intense with players concentrating heavily on differentiating their products via technology, service, product quality, cost, and sales techniques.

The global handheld/portable gas detection equipment market is estimated at US$599 million for 2007. The United States and Europe collectively account for a share of 65% of the global gas detection equipment market as stated by Global Industry Analysts, Inc. The U.S. gas detection equipment market is extremely competitive with high degree of fragmentation. Fixed gas detection equipment market in the United States is estimated at US$191 million for 2007.

Germany represents the largest market in Europe for gas detection equipment with sales estimated at US$75 million for 2007. The market for gas detection equipment in Asia Pacific is projected to reach US$129 million by 2010. China represents the key gas detection equipment market in Asia Pacific.

Demand for gas detection equipment, by and large, depends on the dynamics of major end-use industries such as oil and gas, power, and chemicals. Leading international manufacturers of gas detection equipment are focusing efforts on the growing and lucrative Eastern European markets. Recently opened economies, changing lifestyles, and inner drive of many Eastern European countries to catch up with Western Europe are primarily encouraging manufacturers to consider this region as a potential market for gas detection equipment.

Market for gas detection equipment is expected to witness positive growth in the future owing to formulation of stringent safety policies and consequent rise in adoption of policies. Other factors that are expected to drive the industry include rapid industrialization in the emerging world. Demand for gas detection equipment is likely to be high in new construction plants as compared to replacement market, as the existing plants are well equipped with advanced detection systems.

Major players involved in the market include Airtest Technologies Inc, Autronica Fire and Security, Bacharach Inc., Biosystems, Dr


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