Gas Detection A Strong Trend Towards Consolidation on the Gas Detection Market
Despite the adverse economic conditions, gas production companies cannot comprise on safety. Hence, market for the gas detectors remains unaffected by the economic conditions. In fact, it happens to be growing with safety regulations becoming more and more stringent...
The threat that toxic and combustible gases pose to the safety of plant personnel and nearby communities has drawn greater attention in recent years. Several catastrophic accidents, such as the Pike River mine explosion in New Zealand, have given industrial safety more prominence in the public consciousness and spurred demand for both safety systems and safety instrumentation like toxic and combustible gas detectors.
Compliance with increasingly tough safety regulations will remain a major factor driving investment in safety systems and toxic gas detectors among oil and gas, refining, petrochemical and mining customers. Protection of human lives and plant assets is critical to all organizations. Therefore, even though the economic recovery has slowed down in recent years, one still expects the gas detection market to grow.
Gas Detection Market Moving Towards Consolidation
The toxic and combustible gas detectors market comprises hundreds of companies, with small niche suppliers and those with more product lines, systems and strong service capabilities. However, going forward one sees a strong trend towards consolidation: Large suppliers are acquiring small manufacturers to increase their market share. Acquisition helps them to expand product lines and foray into new markets by acquiring new technologies. The market is also observing new entrants through acquisitions.
Top–Trends: Newer Technology Gaining Ground
Hyperspectral and infrared cameras are among the newer technologies gaining wider acceptance in recent times. These cameras can visualize various toxic and combustible gases to produce a picture of the scanned area in real-time. Well suited for detection of various types of Volatile Organic Compounds (VOCs), these cameras are becoming an attractive option for industries such as chemical and water and wastewater.