South East Asia Gas Detection Device Market

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SOUTH EAST ASIA GAS DETECTION MARKET ANALYSIS

• South East Asia Gas Detection Device Market,
  By Type (Fixed and Portable), by Device
  (Detector, Transmitter and Controller), By
  Application (Mining, Steel Mill, Petro Chemical,
  Construction, Automobile, Material, Food
  Beverage Processing, Electronics, Marine, Utility
  Services, Government, Security, Medical and
  Environment Detection) and by Country (Singapore,
  Malaysia, Indonesia, Thailand, Vietnam, Myanmar,
  Brunei, Philippines and Rest of South East Asia)
  - Size, Share, Outlook, and Opportunity Analysis,
  2020 - 2027

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• Market Overview
• The South East Asia gas detection device
  market is estimated to
• account for US 408.5 MN in terms of value
  by the end of 2027.
• Market Dynamics Drivers
• Strict regulatory policies regarding workplace
  safety are expected to drive growth of the South
  East Asia gas detection device market during the
  forecast period
• Rising demand for remote monitoring and reduced
  operational expenses is expected to propel the
  South East Asia gas detection device market
  growth over the forecast period

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Figure 1. South East Asia Gas Detection Device
Market Share (), in terms of Value, By Region,
2019
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• Market Dynamics Restraints
• Reduced profit margins are expected to restrain
  growth of the South East gas detection device
  market during the forecast period
• Technical issues and cost factors are expected to
  hinder the South East Asia Gas detection device
  market growth over the forecast period

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• Market Opportunities
• Increasing foreign direct investment (FDI) in
  greenfield projects can present lucrative growth
  opportunities
• Development gas detectors with advanced
  technologies can provide business opportunities

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Figure 2. South East Asia Gas Detection Device
Market Value (US MN), 2017 - 2027
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• Market Trends
• Gas detection producers in South East Asia are
  focusing on capturing potential industries such
  as food and beverages, utility services, mills,
  and other sectors such as environment and
  transportation. These industries are massively
  focusing on adopting gas detection devices which
  include detectors, transmitters, and controllers
  to monitor and control the emission of hazardous
  gases. Apart from this, companies are providing
  detection sensors that are far from the
  transmitters and yet are capable of identifying
  hazardous gases. The multiple-channel feature of
  transmitters is adding to the adoption of
  transmitters across the country.
• Increasing activities in the petrochemical
  industry, particularly in the offshore and oil
  gas sector boosting the demand for effective gas
  detectors across South East Asia. Moreover, the
  demand for enhanced and modified gas detectors is
  increasing, and driving oil gas companies to
  upgrade or replace their existing gas detectors.
  Apart from this, the adoption of gas detectors in
  the marine industry is growing owing to the
  policies and regulations provided by the
  International Maritime Organization (IMO). The
  use of gas detectors by shipbuilders and ship
  owners is increasing, in order to provide safety
  to the crew members from hazardous and toxic
  gases on board.

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• Value Chain Analysis
• The quality of raw materials and hardware
  components plays a vital role in improving
  the efficiency and performance of devices
• South East Asia Gas Detection Device Market -
  Impact of Coronavirus (Covid-19) Pandemic
• Competitive Section
• Major companies operating in the South East Asia
  Gas detection device market are Honeywell
  Analytics, Gastron Co., Ltd., Mine Safety
  Appliances, New Cosmos Electric Co., Ltd.,
  Drägerwerk AG Co. KGaA, Riken Keiki Co., Ltd.,
  and Industrial Scientific Corporation.

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