Global Gas Detection Equipment Market 2015-2019 - Vendors Increase Investment in R&D

Dublin, Nov. 30, 2015 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/b9gssw/global_gas) has announced the addition of the "Global Gas Detection Equipment Market 2015-2019" report to their offering.

Advent of new technologies is one of the major trends being witnessed in the market. Vendors have increased their investment in R&D to maintain a competitive edge and gain revenue. Companies are investing in R&D to enhance their product portfolio and maintain a competitive edge. Stringent environment and safety regulations along with the promotion of alternate energy resources such as biogas, have created a need for gas detectors enabled with modern technologies such as infrared and photoionization.

According to the report, increased safety concerns primarily drive the growth of the market. The need to provide a safe working environment and the prevention of gas leakage drives adoption by end-users. The installation of gas detectors helps reduce revenue loss and death rates during an accident in a power plant.

Further, the report states that intense competition among vendors is curtailing the growth of the market. The competition has led to price wars, price erosion, and reductions in the cost of gas detection equipment. Also, the implementation and maintenance costs of gas detection equipment have a direct influence on the pricing strategy of market vendors.

The analysts forecast the Global Gas Detection Equipment market to grow at a CAGR of 4.80 percent over the period 2015-2019.

Key Questions Answered in this Report:

• What will the market size be in 2019 and what will the growth rate be?
• What are the key Market Trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
  

Key Topics Covered:

01. Executive Summary

02. List of Abbreviations

03. Scope of the Report

04. Market Research Methodology

05. Introduction

06. Market Landscape

07. Market Segmentation by Technology

08. Market Segmentation by Product

09. Market Segmentation by End-users

10 Geographical Segmentation

11 Key Leading Countries

12 Buying Criteria

13 Market Growth Drivers

14 Drivers and their Impact

15 Market Challenges

16 Impact of Drivers and Challenges

17 Market Trends

18 Trends and their Impact

19 Vendor Landscape

20 Key Vendor Analysis

21 Other Reports in this Series

Companies Mentioned:

• Drägerwerk
• Honeywell International
• Industrial Scientific
• Mine Safety Appliances
• Airtest Technologies
• Bacharach
• ENMET
• ESP Safety
• General Electric
• Mil-Ram Technology
• OTIS Instruments
• Sensidyne
• Sensor Electronics
• Siemens
• Sierra Monitor
• StatusScientific Controls
• Thermo Fisher Scientific
• TQ Environmental
• Trolex
• Tyco International
  

For more information visit http://www.researchandmarkets.com/research/b9gssw/global_gas

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