The report "Wireless Gas Detection Market by
Technology (Wi-Fi, Bluetooth, Cellular, License-Free Ism Band), Type (Hardware
(Detectors/ Sensors, Gateways, Monitors and Controllers), Software, Services),
and Geography - Global Forecast to 2023", 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.
Wireless gas
detection offers high accuracy, flexibility, and reliability in the detection
of gas leaks. Moreover, the installation of wireless gas detection is cost
effective as it reduces about 90% in installation costs as compared to
traditional wire gas detection systems. These systems are used for industrial
safety and have been widely adopted by end users such as oil & gas,
chemical and petrochemical, and mining and metal industries.
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The Wi-Fi technology based wireless gas detection system held the
largest market share in the market in 2016
The market for Wi-Fi based
wireless gas detection systems has the largest market due to the growing
ability of Wi-Fi to communicate directly with the other IP devices either
locally or through the Internet Protocol (IP) network, which are presented in
the application level data model layer. Installation of wireless gas detection
systems saves significant costs compared to wired gas detection systems,
resulting in 60 to 90 percent overall savings. The Wi-Fi technology is suitable
for efficient and safe industrial operations.
The wireless gas detection market for service is expected to grow
at the highest rate during the forecast period
Most industry specific players
provide wireless gas detection systems which include hardware, software, and
services. Services are necessary for reliable and long term processing of
wireless gas detection. Also, the growing need to learn about new technological
innovations in wireless networks by training and support services enables the
services segment to be the fastest-growing segment.
Browse 65
market data tables and 48 figures spread through 163 pages and in-depth
TOC on "Wireless Gas Detection
Market - Global Forecast to 2023"
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The wireless
gas detection market in North America held the largest share in 2016
Most of the major vendors of wireless
gas detection systems have a strong presence in North America. Moreover, the
adoption of new technological innovations in North America is higher in
relation to that in other countries. Also, the strong presence of manufacturing
industries in this region enables high demand for wireless gas detection
systems for worker safety and mitigation risk. These factors lead to North
America holding the largest share of the wireless gas detection market.
Major players in the wireless gas
detection market include Honeywell International, Inc. (US), Siemens AG
(Germany), Drägerwerk AG & Co. KGaA (Germany), Tyco Gas and Flame Detection
(US), United Electric Controls (US), Yokogawa Electric Corporation (Japan),
General Electric Company (US), Emerson Electric Co. (US), Sensidyne, LP (US),
Agilent Technologies, Inc. (US), and PemTech Inc. (US).
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