Market Driven by Improved Regulations and Compliance
Toxic and combustible gas detectors are on the front line of defense in process industries, warning of hazardous gas emissions well before they reach crisis levels.
The threat that toxic and combustible gases pose to the safety of plant personnel and nearby communities has drawn greater attention in recent years and spurred demand for both safety systems and safety instrumentation like toxic and combustible gas detectors.
Compliance with increasingly tough safety regulations is a major factor driving investment in gas detectors among oil & gas, refining, and mining customers.
Due to strict regulations and enforcement, users in Europe and North America demand high quality and reliable detectors. In contrast, users in developing markets tend to be less concerned about reliability than about cost. However, with safety issues becoming a major point of concern, many developing countries are taking measures to improve the regulation and compliance. As a result, end users in these regions have also started to overlook the cost and pay more importance to reliability and performance of the detectors.
This study is intended to assist suppliers and purchasers in staying abreast of technology advancements, and explores in-depth the key issues that will impact this business in the near future.
- Short- and long-term potential for the gas detection business
- Impact of regulatory requirements on the market
- How new technologies will impact the gas detector market
- The industries and regions that offer the greatest growth potential
- The key elements for success in the toxic gas detector business