Gas Alarm Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Gas alarm are devices that detect the presence of gases in an area, often as part of a safety system. A gas alarm can sound an alarm to operators in the area where the leak is occurring, giving them the opportunity to leave. This type of device is important because there are many gases that can be harmful to organic life, such as humans or animals. Gas alarms are a type of equipment used to detect a gas leak or other emissions and can interface with a control system so a process can be automatically shut down. They are used to detect combustible, flammable and toxic gases, and oxygen depletion.
MARKET DYNAMICS
The gas alarm market has shown a significant evolution over the forecast period. The gas alarm market's rise is driven by the increase in awareness among the industry for the deployment of gas detector equipment. An increase in demand for gas detector equipment in the oil and gas, chemicals and petrochemical, mining, and other industries is also expected to boost the growth of the market. Rising formulation and implementation regarding the health and safety of people across various nations globally is the major factor augmenting the growth of the market over the forecasted period. Another factor that is propelling the growth of the market over the forecasted period is the rising adoption of gas sensors in HVAC systems and other air quality monitors. These factors are helping to achieve the growth needed in the market over the forecasted period. However, the factors such as the development of new and innovative gas sensors is a very time-consuming process and hence any new unique or innovative development in the market can take time that can restrain the growth of the market over the forecasted period.
MARKET SCOPE
The "Gas Alarm Market Analysis to 2028" is a specialized and in-depth study of the electronics and semiconductor's, focusing on the global market trend analysis. This report outlines the gas alarm market with detailed market segmentation by product and end-user. The gas alarm market is estimated to witness a high rise during the forecast period. It focuses on the vital statistics on leading players' market status in the gas alarm market and provides key opportunities and trends in the market.
MARKET SEGMENTATION
The market is categorized based on the product and end user. Based on the product, the market is segmented as stationary gas alarms and portable gas alarms. Based on end user, the segmentation of the market is into industrial, commercial, residential, and others.
REGIONAL FRAMEWORK
The report states a detailed outline of the industry, consisting of both quantitative and qualitative information. It offers a sketch and forecast of the gas alarm market based on various segments. The report also consists of market size and forecast estimates from the year 2020 to2028with respect to five main regions, namely; North America, Asia-Pacific (APAC), Europe, Middle East, and Africa (MEA), and South & Central America (SCAM). The gas alarm market by each region is then sub-segmented into respective countries and segments. It comprises the analysis and forecast of 18 countries globally and the recent trend and opportunities prevailing in the region.
The report analyzes factors affecting the gas alarm market from both the demand and supply sides. Furthermore, it evaluates market dynamics regarding the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. It also consists of precise PEST analysis for all five regions, namely, North America, Asia Pacific, Europe, Middle East, and Africa, and South & Central America, after assessing political, social, economic, and technological factors affecting the gas alarm market in these regions.
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The report states a detailed outline of the industry, consisting of both quantitative and qualitative information. It offers a sketch and forecast of the gas alarm market based on various segments. The report also consists of market size and forecast estimates from the year 2020 to2028with respect to five main regions, namely; North America, Asia-Pacific (APAC), Europe, Middle East, and Africa (MEA), and South & Central America (SCAM). The gas alarm market by each region is then sub-segmented into respective countries and segments. It comprises the analysis and forecast of 18 countries globally and the recent trend and opportunities prevailing in the region.
The report analyzes factors affecting the gas alarm market from both the demand and supply sides. Furthermore, it evaluates market dynamics regarding the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. It also consists of precise PEST analysis for all five regions, namely, North America, Asia Pacific, Europe, Middle East, and Africa, and South & Central America, after assessing political, social, economic, and technological factors affecting the gas alarm market in these regions.
MARKET PLAYERS
The report contains critical developments in the gas alarm market as inorganic and organic growth strategies. Several companies are pivoting on organic growth strategies like product launches, product approvals, and others, such as patents and events. Inorganic growth strategies observed were collaborations and acquisitions &partnerships. Various such activities have paved the path for elaborating the business and customer base of market players. The market players from the gas alarm market are estimated to have profitable growth opportunities in the coming years with the higher demand for gas alarm in the global market. Given below is the list of a few companies engaged in the gas alarm market.
The report also offers key players' profiles in the gas alarm market, along with their SWOT analysis and market strategies. Also, the report focuses on the key market players with information on company profiles, financial information of the last three years, components, and services provided, critical development in the past five years.
- MSA.
- TycoFIS
- Honeywell International
- RIKEN KEIKI Co., Ltd.
- NEW COSMOS ELECTRIC CO.,LTD
- Emerson Electric Co.
- Crowcon Detection Instruments.
- TROLEX
- Victory Gas Alarm Company
- RKI Instruments, Inc.
The Insight Partner's dedicated research and the analytical team comprises experienced professionals with advanced statistical expertise and offers several customization options in the current report.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Gas Alarm Market - By Product
1.3.2 Gas Alarm Market - By End User
1.3.3 Gas Alarm Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. GAS ALARM MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. GAS ALARM MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. GAS ALARM MARKET - GLOBAL MARKET ANALYSIS
6.1. GAS ALARM - GLOBAL MARKET OVERVIEW
6.2. GAS ALARM - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. GAS ALARM MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. STATIONARY GAS ALARMS
7.3.1. Overview
7.3.2. Stationary Gas Alarms Market Forecast and Analysis
7.4. PORTABLE GAS ALARMS
7.4.1. Overview
7.4.2. Portable Gas Alarms Market Forecast and Analysis
8. GAS ALARM MARKET - REVENUE AND FORECASTS TO 2028 - END USER
8.1. OVERVIEW
8.2. END USER MARKET FORECASTS AND ANALYSIS
8.3. INDUSTRIAL
8.3.1. Overview
8.3.2. Industrial Market Forecast and Analysis
8.4. COMMERCIAL
8.4.1. Overview
8.4.2. Commercial Market Forecast and Analysis
8.5. RESIDENTIAL
8.5.1. Overview
8.5.2. Residential Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. GAS ALARM MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Gas Alarm Market Overview
9.1.2 North America Gas Alarm Market Forecasts and Analysis
9.1.3 North America Gas Alarm Market Forecasts and Analysis - By Product
9.1.4 North America Gas Alarm Market Forecasts and Analysis - By End User
9.1.5 North America Gas Alarm Market Forecasts and Analysis - By Countries
9.1.5.1 United States Gas Alarm Market
9.1.5.1.1 United States Gas Alarm Market by Product
9.1.5.1.2 United States Gas Alarm Market by End User
9.1.5.2 Canada Gas Alarm Market
9.1.5.2.1 Canada Gas Alarm Market by Product
9.1.5.2.2 Canada Gas Alarm Market by End User
9.1.5.3 Mexico Gas Alarm Market
9.1.5.3.1 Mexico Gas Alarm Market by Product
9.1.5.3.2 Mexico Gas Alarm Market by End User
9.2. EUROPE
9.2.1 Europe Gas Alarm Market Overview
9.2.2 Europe Gas Alarm Market Forecasts and Analysis
9.2.3 Europe Gas Alarm Market Forecasts and Analysis - By Product
9.2.4 Europe Gas Alarm Market Forecasts and Analysis - By End User
9.2.5 Europe Gas Alarm Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Gas Alarm Market
9.2.5.1.1 Germany Gas Alarm Market by Product
9.2.5.1.2 Germany Gas Alarm Market by End User
9.2.5.2 France Gas Alarm Market
9.2.5.2.1 France Gas Alarm Market by Product
9.2.5.2.2 France Gas Alarm Market by End User
9.2.5.3 Italy Gas Alarm Market
9.2.5.3.1 Italy Gas Alarm Market by Product
9.2.5.3.2 Italy Gas Alarm Market by End User
9.2.5.4 United Kingdom Gas Alarm Market
9.2.5.4.1 United Kingdom Gas Alarm Market by Product
9.2.5.4.2 United Kingdom Gas Alarm Market by End User
9.2.5.5 Russia Gas Alarm Market
9.2.5.5.1 Russia Gas Alarm Market by Product
9.2.5.5.2 Russia Gas Alarm Market by End User
9.2.5.6 Rest of Europe Gas Alarm Market
9.2.5.6.1 Rest of Europe Gas Alarm Market by Product
9.2.5.6.2 Rest of Europe Gas Alarm Market by End User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Gas Alarm Market Overview
9.3.2 Asia-Pacific Gas Alarm Market Forecasts and Analysis
9.3.3 Asia-Pacific Gas Alarm Market Forecasts and Analysis - By Product
9.3.4 Asia-Pacific Gas Alarm Market Forecasts and Analysis - By End User
9.3.5 Asia-Pacific Gas Alarm Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Gas Alarm Market
9.3.5.1.1 Australia Gas Alarm Market by Product
9.3.5.1.2 Australia Gas Alarm Market by End User
9.3.5.2 China Gas Alarm Market
9.3.5.2.1 China Gas Alarm Market by Product
9.3.5.2.2 China Gas Alarm Market by End User
9.3.5.3 India Gas Alarm Market
9.3.5.3.1 India Gas Alarm Market by Product
9.3.5.3.2 India Gas Alarm Market by End User
9.3.5.4 Japan Gas Alarm Market
9.3.5.4.1 Japan Gas Alarm Market by Product
9.3.5.4.2 Japan Gas Alarm Market by End User
9.3.5.5 South Korea Gas Alarm Market
9.3.5.5.1 South Korea Gas Alarm Market by Product
9.3.5.5.2 South Korea Gas Alarm Market by End User
9.3.5.6 Rest of Asia-Pacific Gas Alarm Market
9.3.5.6.1 Rest of Asia-Pacific Gas Alarm Market by Product
9.3.5.6.2 Rest of Asia-Pacific Gas Alarm Market by End User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Gas Alarm Market Overview
9.4.2 Middle East and Africa Gas Alarm Market Forecasts and Analysis
9.4.3 Middle East and Africa Gas Alarm Market Forecasts and Analysis - By Product
9.4.4 Middle East and Africa Gas Alarm Market Forecasts and Analysis - By End User
9.4.5 Middle East and Africa Gas Alarm Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Gas Alarm Market
9.4.5.1.1 South Africa Gas Alarm Market by Product
9.4.5.1.2 South Africa Gas Alarm Market by End User
9.4.5.2 Saudi Arabia Gas Alarm Market
9.4.5.2.1 Saudi Arabia Gas Alarm Market by Product
9.4.5.2.2 Saudi Arabia Gas Alarm Market by End User
9.4.5.3 U.A.E Gas Alarm Market
9.4.5.3.1 U.A.E Gas Alarm Market by Product
9.4.5.3.2 U.A.E Gas Alarm Market by End User
9.4.5.4 Rest of Middle East and Africa Gas Alarm Market
9.4.5.4.1 Rest of Middle East and Africa Gas Alarm Market by Product
9.4.5.4.2 Rest of Middle East and Africa Gas Alarm Market by End User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Gas Alarm Market Overview
9.5.2 South and Central America Gas Alarm Market Forecasts and Analysis
9.5.3 South and Central America Gas Alarm Market Forecasts and Analysis - By Product
9.5.4 South and Central America Gas Alarm Market Forecasts and Analysis - By End User
9.5.5 South and Central America Gas Alarm Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Gas Alarm Market
9.5.5.1.1 Brazil Gas Alarm Market by Product
9.5.5.1.2 Brazil Gas Alarm Market by End User
9.5.5.2 Argentina Gas Alarm Market
9.5.5.2.1 Argentina Gas Alarm Market by Product
9.5.5.2.2 Argentina Gas Alarm Market by End User
9.5.5.3 Rest of South and Central America Gas Alarm Market
9.5.5.3.1 Rest of South and Central America Gas Alarm Market by Product
9.5.5.3.2 Rest of South and Central America Gas Alarm Market by End User
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. GAS ALARM MARKET, KEY COMPANY PROFILES
11.1. MSA.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. TYCOFIS
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. HONEYWELL INTERNATIONAL
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. RIKEN KEIKI CO., LTD.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. NEW COSMOS ELECTRIC CO.,LTD
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. EMERSON ELECTRIC CO.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. CROWCON DETECTION INSTRUMENTS.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. TROLEX
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. VICTORY GAS ALARM COMPANY
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. RKI INSTRUMENTS, INC.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. MSA.
2. TycoFIS
3. Honeywell International
4. RIKEN KEIKI Co., Ltd.
5. NEW COSMOS ELECTRIC CO.,LTD
6. Emerson Electric Co.
7. Crowcon Detection Instruments.
8. TROLEX
9. Victory Gas Alarm Company
10. RKI Instruments, Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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