Analysis of the Asia-Pacific Gas Detection Market, Forecast to 2021

LONDON, April 27, 2017 /PRNewswire/ -- Research Scope:
• Market trends and strategic recommendations (fixed detectors, portable detectors, detector tubes)


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• Regional trends (Australia and New Zealand, Indonesia, Singapore, Malaysia, Thailand, the Philippines, Vietnam)
• Industry vertical trends (oil and gas, mining and metals, chemicals and petrochemicals, water and wastewater, utilities, food and beverage)
• Analysis by segment, region, and industry vertical has been provided with revenue forecast from 2013 to 2021.

Major market drivers and restraints, material and technology trends, and regulatory outlook impacting the market are also discussed in this study. Growth opportunities across various segments have also been provided.
Market share analysis has been provided at the total level and the segment level. Competitive factors and assessment has been discussed at the total level. Key market participants are Honeywell Analytics, MSA, Draeger, Industrial Scientific, Tyco Int., and Det-Tronics. The base year for the study is 2016; 2017 to 2021 is the forecast period.

Key Questions This Study Will Answer:
1. What is the growth potential of the market in Asia-Pacific?
2. What forces are driving market growth?
3. What product, pricing, technology, and regulatory trends are observed in the marketplace?
4. How will the dynamics of the industry and the regional diversities impact the market?
5. How is each product type expected to grow? What are the factors (market/regional/intrinsic-product) driving/restraining growth?
6. What strategies are adopted by manufacturers to differentiate their products from competitors to gain market share?

The Asia-Pacific (APAC) gas detection market generated a revenue of $135.4 million in 2016 and is expected to register a compound annual growth rate (CAGR) of 4.5% from 2016 to 2021.

Portable gas detectors are anticipated to record the fastest growth, at a CAGR of 4.6%. This will be largely driven by increasing demand from the water and wastewater treatment and the utilities end-user industries, apart from key end-user industries such as chemicals and petrochemicals, oil and gas, and mining and metals.

Oil and gas, chemicals and petrochemicals, and mining and metals accounted for 69.0% of the market revenue in 2016. While the percent share of chemicals and petrochemicals is likely to increase, the share of oil and gas and mining and metals is forecast to decline.

Australia led the market in terms of percent revenue share in 2016, accounting for 32.2%. It is expected to retain its position as it is likely to record a 5.0% CAGR from 2016 to 2021. The other regional hotspots are Indonesia (23.1%), Singapore (15.3%), and Malaysia (12.7%).
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