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South East Asia Gas Detection Device Market<br>
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SOUTH EAST ASIA GAS DETECTION MARKET ANALYSIS South East Asia Gas Detection Device Market, By Type (Fixed and Portable), by Device (Detector, Transmitter and Controller), By Application (Mining, Steel Mill, Petro Chemical, Construction, Automobile, Material, Food & Beverage Processing, Electronics, Marine, Utility Services, Government, Security, Medical and Environment Detection) and by Country (Singapore, Malaysia, Indonesia, Thailand, Vietnam, Myanmar, Brunei, Philippines and Rest of South East Asia) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027
Market Overview The South East Asia gas detection device market is estimated to account forUS$ 408.5 MN in terms of value by the end of2027. Market Dynamics Drivers • Strict regulatory policies regarding workplace safety are expected to drive growth of the South East Asia gas detection device market during the forecast period • Rising demand for remote monitoring and reduced operational expenses is expected to propel the South East Asia gas detection device market growth over the forecast period
Figure 1. South East Asia Gas Detection Device Market Share (%), in terms of Value, By Region, 2019
Market Dynamics Restraints • Reduced profit margins are expected to restrain growth of the South East gas detection device market during the forecast period • Technical issues and cost factors are expected to hinder the South East Asia Gas detection device market growth over the forecast period
Market Opportunities • Increasing foreign direct investment (FDI) in greenfield projects can present lucrative growth opportunities • Development gas detectors with advanced technologies can provide business opportunities
Figure 2.South East Asia Gas Detection Device Market Value (US$ MN), 2017 - 2027
Market Trends • Gas detection producers in South East Asia are focusing on capturing potential industries such as food and beverages, utility services, mills, and other sectors such as environment and transportation. These industries are massively focusing on adopting gas detection devices which include detectors, transmitters, and controllers to monitor and control the emission of hazardous gases. Apart from this, companies are providing detection sensors that are far from the transmitters and yet are capable of identifying hazardous gases. The multiple-channel feature of transmitters is adding to the adoption of transmitters across the country. • Increasing activities in the petrochemical industry, particularly in the offshore and oil & gas sector boosting the demand for effective gas detectors across South East Asia. Moreover, the demand for enhanced and modified gas detectors is increasing, and driving oil & gas companies to upgrade or replace their existing gas detectors. Apart from this, the adoption of gas detectors in the marine industry is growing owing to the policies and regulations provided by the International Maritime Organization (IMO). The use of gas detectors by shipbuilders and ship owners is increasing, in order to provide safety to the crew members from hazardous and toxic gases on board.
Value Chain Analysis The quality of raw materials and hardware components plays a vital role in improving the efficiency and performance of devices • South East Asia Gas Detection Device Market - Impact of Coronavirus (Covid-19) Pandemic • Competitive Section Major companies operating in the South East Asia Gas detection device market are Honeywell Analytics, Gastron Co., Ltd., Mine Safety Appliances, New Cosmos Electric Co., Ltd., Drägerwerk AG & Co. KGaA, Riken Keiki Co., Ltd., and Industrial Scientific Corporation.
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