Market Overview

Global Fire and Gas Detection System Market 2018-2022 | Rising Production of Shale Gas Boosts Growth | Technavio

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Technavio
analysts forecast the global fire and gas detection system market to
grow at a CAGR of almost 5% during the forecast period.

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Technavio has published a new market research report on the global fire and gas detection system mar ...

Technavio has published a new market research report on the global fire and gas detection system market from 2018-2022. (Graphic: Business Wire)

The advent of 3D fire and gas mapping tool is one of the major trends
being witnessed in the global
fire and gas detection system market 2018-2022
. The 3D fire and
gas mapping tool help in fast and reliable detection of gas/fire
release. This is one of the most crucial aspects in ensuring the safety
of an industrial plant. The implementation of 3D fire and gas mapping
tool in an industrial setup assists in the optimization and location of
F&G detectors.

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market snapshot before purchasing

According to Technavio's analysts, one of the key factors contributing
to the growth of the global fire and gas detection system market is the
rising production of shale gas:

Global fire and gas detection system market:
Rising production of shale gas

The growing shale gas production in countries such as US, Russia, Iran,
Qatar, Canada, China, Norway, and Saudi Arabia has led to an increase in
scope for the adoption of gas detection products and solutions.
Furthermore, the increasing focus on minimizing casualties and a growing
number of government mandates have also led to the adoption of latest
safety tools such as wireless gas detection products.

According to a senior analyst at Technavio for research on automation,
"Real-time monitoring using wireless gas detection solutions has
contributed to a decrease in gas emission problems. This has assisted in
safeguarding industrial plants and assets efficiently. An increase in
shale gas production is anticipated to drive the global fire and gas
detection system market during the forecast period."

Global fire and gas detection system market:
Segmentation analysis

Technavio's global fire and gas detection system market research report
provides market segmentation by end-user (oil and gas, chemical and
petrochemical, and pharmaceutical) and by region (the Americas, APAC,
and EMEA). It provides an in-depth analysis of the prominent factors
influencing the market, including drivers, opportunities, trends, and
industry-specific challenges.

Of the three major end-users, the oil and gas segment held the largest
market share in 2017, contributing to over 49% of the market. This
end-user segment will dominate the global market throughout the forecast
period.

APAC held the largest share of the market in 2017, accounting for more
than 34% share. It was followed by the Americas and EMEA respectively.
APAC is expected to dominate the market throughout the period 2018-2022.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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