Western Europe Gas Detection Equipment Market Report 2022-2026: PaaS and Rental Platforms to Enable Direct Manufacturer Linkages with End Customers and Improve Product Penetration | News

Dublin, April 4, 2022 /PRNewswire/ — The “Gas detection equipment growth opportunities in Western Europe” report has been added to ResearchAndMarkets.comit’s offer.

The gas detection equipment market in Western Europe generated a turnover of 668.1 million euros in 2021

Market demand is expected to be driven by growing competitive intensity, adoption of wireless and connected technologies, and stringent regulatory standards.

Among the 3 product segments, Fixed gas detection segment accounted for 46.0% of revenue share in 2021. Portable gas detection segment accounted for 49.7% of revenue share in 2021 and is expected to have a compound annual growth rate (CAGR) slightly higher. by 3.3% from 2021 to 2026, driven by the adoption of connected cloud solutions.

Among end-user industries, oil and gas, chemicals and petrochemicals, and water and wastewater treatment are the top 3, accounting for 24.8%, 24.6%, and 12.7%, respectively. revenue share in 2021. Chemical & Petrochemical, and Food & Beverage industries will experience the highest growth during the forecast period owing to high demand for detection of hazardous gases, such as ammonia, carbon dioxide and carbon monoxide.

Germany accounted for 23.7% of the gas detection equipment market revenue in Western Europe in 2021. The country is expected to grow at a CAGR of 3.2% from 2021 to 2026. Post-pandemic growth is expected to be driven by high adoption of gas detection in small and medium enterprises.

The adoption of platform/product as a service (PaaS) and rental platforms will enable manufacturers to partner directly with end customers to improve product penetration over the forecast period. The high incidence of injuries due to multiple gas hazards in the industrial environment is expected to drive the growth of the multi-gas detection equipment market.

Main topics covered:

Main conclusions

  • Scope of analysis
  • Market segmentation
  • Market definitions

Market overview

  • Market Overview – End User Industry
  • Market Overview – Sensor Technology

Main competitors for gas detection equipment

Key Growth Parameters for Gas Detection Equipment

  • Distribution channels for fixed gas detection
  • Distribution Channels for Portable Gas Detection
  • Distribution channels for detector tubes
  • Growth engines for gas detection equipment
  • Growth Limitations for Gas Detection Equipment
  • Forecast Assumptions – Gas Detection Equipment

Technology Trends – Gas Detection Equipment

  • Standards and Regulations – Certification, Installation and Inspection
  • Regulatory Compliance Overview
  • Merger & Acquisition – Gas Detection Equipment
  • Notable Manufacturer Transactions – Gas Detection Equipment

Competitive Factors Assessment – Gas Detection Equipment

  • Revenue Forecast – Gas Detection Equipment
  • Revenue Forecast Analysis – Gas Detection Equipment
  • Revenue Forecast by Product – Gas Detection Equipment
  • Unit Shipment Forecast by Product – Gas Detection Equipment
  • Revenue Forecast Percentage by Product – Gas Detection Equipment
  • Percentage Unit Shipment Forecast by Product – Gas Detection Equipment
  • Analysis of Forecast Revenue and Unit Shipments by Product – Gas Detection Equipment
  • Revenue Forecast by Industry Vertical – Gas Detection Equipment
  • Revenue Forecast Percentage by Vertical – Gas Detection Equipment
  • Revenue Forecast Analysis by Industry Vertical – Gas Detection Equipment
  • Revenue Forecast by Country – Gas Detection Equipment
  • Revenue Forecast in Percentage by Country – Gas Detection Equipment
  • Revenue Forecast Analysis by Countries – Gas Detection Equipment
  • Competitive Environment – Gas Detection Equipment
  • Revenue Share – Gas Detection Equipment
  • Revenue Share Analysis – Gas Detection Equipment

Growth Opportunity Universe – Gas Detection Equipment

  • Growth Opportunity 1: Multi-sensor, wireless and enhanced gas detection technology to drive gas detection growth
  • Growth Opportunity 2: Leasing and Product-as-a-Service (PaaS) Platform to Drive Long-Term End-User Engagement Solution
  • Growth Opportunity 3: Targeted mergers and acquisitions to consolidate the gas detection equipment market

For more information on this report, visit https://www.researchandmarkets.com/r/uojb2a

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SOURCE Research and Markets

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