AP NEWS
Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

Global Gas Analyzer, Sensor, and Detector Market Report 2019: Market is Expected to Reach USD 4,523.2 Million by 202 - ResearchAndMarkets.com

December 20, 2019 GMT

DUBLIN--(BUSINESS WIRE)--Dec 20, 2019--

The “Gas Analyzer, Sensor, and Detector Market - Growth, Trends, and Forecast (2019-2024)” report has been added to ResearchAndMarkets.com’s offering.

Gas Sensor, Detector and Analyzer Market is expected to reach USD 4,523.2 million by 2024, at a CAGR of 3.8% during the forecast period. (2019 - 2024).

The market has become an integral part of several industries in recent years. This is majorly due to its effective contribution in preventing disasters related to gas leakages and explosions. Hence, the demand for gas analyzers, sensors, and detectors is expected to grow at a significant rate, during the forecast period.

Scope of the Report

Gas analyzers, sensors, and detectors are safety devices used in the commercial, medical, industrial, and several other industries. These devices continuously analyze and monitor the concentration of gases in different end-user industries, and thus, provide life safety and help avoid fire breakouts.

Key Market Trends

Oil & Gas Industry to have the Highest Adoption Rate for Gas Analyzers

North America Market for Gas Analyzer Estimated to Grow Significantly

Competitive Landscape

The competitive landscape of the global gas analyzer, sensor, and detector market is fragmented due to the presence of many players across the globe. Currently, some of the prominent companies are developing products across the detector, as well as the analyzer segment having application across clinical assaying, environmental emission control, explosive detection, agricultural storage, and shipping, along with workplace hazard monitoring.

Market Dynamics

Market Drivers

Market Restraints

Companies Mentioned

For more information about this report visit https://www.researchandmarkets.com/r/xmoz03

View source version on businesswire.com:https://www.businesswire.com/news/home/20191220005256/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

KEYWORD:

INDUSTRY KEYWORD: OTHER MANUFACTURING MANUFACTURING

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 12/20/2019 07:14 AM/DISC: 12/20/2019 07:14 AM

http://www.businesswire.com/news/home/20191220005256/en