South East Asia Gas Detection Device Market Growth Prospect, Future Trend, Comprehensive Analysis and Forecasts 2017 to 2027


Posted July 16, 2020 by sm27071995

The South East Asia gas detection device market is expected to exhibit at CAGR of 9.7% for the the forecast year 2027
 
Key Market 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.

Furthermore, countries such as the Philippines have focused on National Occupational Safety and Health (OSH) frameworks by imposing legislation and labor standards.

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 as Gas detection devices are expected to reduce the time needed for the assessment of gases by removing manual monitoring of the potential explosion of gases in the area.


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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.

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), in order to provide safety to the crew members from hazardous and toxic gases on board.


Statistics:

Singapore held dominant position in the South East Asia gas detection device market in 2019, accounting for 50.8% share in terms of value, followed by Malaysia, Indonesia and Thailand respectively.


Value Chain Analysis

Raw material and hardware components are the major inputs for the gas detection device market.

Hardware components may include but are not limited to integrated circuits, gas sensors, display, electrical, and electronic parts, along with connectivity components such as wires and docking boards.

Moreover, manufacturers buy raw materials from single or more than one supplier in order to ease the supply chain management cycle.


Key Market Opportunities

Increasing foreign direct investment (FDI) in greenfield projects is presenting lucrative growth opportunities. For instance, according to the World Investment Report published by United Nations Conference on Trade and Development (UNCTAD) based in Switzerland in 2015, FDI Greenfield projects across South East Asia have increased by 9.6%.

Many gas detector manufacturers are developing wireless gas detectors, in order to deliver effective solutions across remote and local gas detection applications. For instance, United Electric Controls based in Watertown, Massachusetts, the U.S. has its distributors in Singapore, Indonesia, and Malaysia. It offers gas detectors with wirelessHART technology across the gas detection applications, especially for oil & gas production facilities.


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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Market Segmentation :

By Type: Fixed, Portable.
By Device: Detector, Transmitter, Controller.
By Application: Mining, Steel Mill, Petro Chemical, Construction, Automobile, Material, Food & Beverage Processing, Electronics, Marine, Utility Services, Government, Security, Medical, Environment Detection
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Last Updated July 16, 2020