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The global gas leak detector market revenue is expected to expand at a lucrative CAGR over the forecast period. Increasing infrastructural development and government policies for safety are major factors expected to drive growth of the global market over the forecast period.

The global gas leak detector market report has been segmented on the basis of product, technology, region, and region. On the basis of product type, the target market is segmented into portable gas leak detectors and fixed gas leak detector. The fixed gas leak detector product type segment is expected to register significant share in terms of revenue over the forecast period, owing to increasing adoption of gas leak detectors in gas extraction and processing applications. On the basis of technology, the target market is segmented into infrared imaging, semiconductor, electrochemical, and ultrasonic. The electrochemical technology segment is expected to register significant growth over the forecast period. In addition, ultrasonic technology segment is expected to account for moderate growth over the forecast period. On the basis of application, the target market is segmented into residential, commercial establishment, and industrial application. The industrial application segment is expected to register significant share in terms of revenue over the forecast period, owing to increasing adoption of gas leak detector as a safety concern.

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Based on the region the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific is expected to register significant share in terms of revenue, owing to growing industrial and mining industry, medicine and healthcare sector, and construction activities in developing countries in this region. The market in North America is estimated to be moderate growth in terms of revenue over the forecast period, owing to advanced products development, and government initiative for safety in various countries in this region.

Key players operating in the global gas leak detector market include City Technology Ltd., Honeywell International Inc., Mine Safety Appliances Company, LLC, Drägerwerk AG & Co. KGaA, Testo AG, ABB Ltd., Industrial Scientific Corporation, FIGARO Engineering Inc., Yokogawa Electric Corporation, and Hitech Instruments Ltd.

 

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