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Competitors Analysis of Wireless Gas Detection Market from 2019 to 2023: MarketsAndMarkets



The Wireless Gas Detection Market was valued at USD 1.07 billion in 2016 and is expected to reach USD 3.01 billion by 2023, at a CAGR of 16.03% during the forecast period. The base year considered for the study is 2016 and the forecast for the market size is provided for the period between 2017 and 2023.

 

The main objectives of this study are as follows:
  • To define, describe, and forecast the overall wireless gas detection market on the basis of wireless technology, type, application, end user, and geography
  • To analyze the market structure by identifying various subsegments of the wireless gas detection market
  • To forecast the market size for various segments and subsegments with regard to four main regions - North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW)
  • To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • To strategically analyze micromarkets1 with respect to individual growth trends, future prospects, and contributions to the total market
Get PDF Broucher: https://www.marketsandmarkets.com/requestsampleNew.asp?id=51585245
Growing demand of wireless gas detection services to achieve desired results and provide accurate, real-time detection
Services market, which includes post-sales services, maintenance services, training, and installation, is expected to grow at highest CAGR during forecast period. Most of the players involved in the manufacturing of wireless gas detection systems provide both online and offline services. For instance, ProRAE Guardian Care Center provides advanced device management services that enable managers to oversee their fleet of monitors and track worker device assignments. Moreover, there is a growing need for vendors to provide training and support services to update customers about technological innovations in wireless networks.
The wireless gas detection market on the basis of wireless technology has been segmented into various subsegments namely Wi-Fi, Bluetooth, cellular, license-free ISM band, and others. The others category includes WirelessHART, and Near Field Communication (NFC).
Key players in this market are focusing on new product developments, strategic partnerships, and acquisitions to increase their revenues. For instance, in October 2016, Honeywell International, Inc. (U.S.) launched AreaRAE Pro which is a wireless, transportable, GPS-enabled, multi-threat gas detector. This product is developed by Honeywell RAE Systems which is one of the subsidiaries of the company. AreaRAE Pro comprises seven sensors and an embedded GPS location identification, which gives critical information about a unit deployed, enabling responders to react to an incident with increased situational awareness.
Critical Questions:
  • How are the manufacturers of wireless gas detection system position itself in this competitive market?
  • What are the major industries, who has maximum adoption of wireless gas detection?
  • What are the growth perspective of this market in different regions?

About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
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