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Published on : Oct 24, 2016

ALBANY, NY, Oct 24, 2016: The new research report, titled “Global Chemical Detection Equipment Industry 2016, Trends and Forecast Report,” offers a thorough overview, emphasizing on the key dynamics and current trends, such as the drivers and opportunities that influence the present scenario and future status of the industry. The study has highlighted the challenges faced by the players in the industry so as to guide new players in formulating effective business decisions.

Furthermore, the historical data and estimated statistics of the global chemical detection equipment industry with the help of tables, charts, and infographics. The expected growth rate of the industry presented in the study allows the players to take appropriate decisions and gain competitive advantage. In addition, the recent events and developments, such as collaborations and mergers and acquisitions have also been discussed in the scope of the research report.

The growing production of several hazardous materials for industrial applications is boosting the risk level owing to misuse by terrorists and workplace accidents. In addition, strict inspection of hazardous chemical contamination in production units, transportation routes, and storage facilities has accelerated the demand for chemical detection equipment. The growing focus of leading players on research and development activities to introduce innovative and effective detection equipment is further expected to augment the growth of the global industry.

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Chemical detection equipment offers diverse features such as mobility, quick response, sturdiness, and low operation cost. Technological advancements in these equipment allow operation on alternative sources, miniaturization, and unparalleled performance. These factors are estimated to encourage the growth of the overall industry throughout the forecast period. On the other hand, the high cost of chemical detection equipment is the key factor restricting the growth of the industry.

The global chemical detection and equipment industry has been classified on the basis of product type, technology, and application. The key segments have been studied thoroughly and the share, size, and growth rate of each segment have been presented for a better understanding. Furthermore, the research study sheds light on the key geographical segments and the promising opportunities they are offering at present.

The study further presents an in-depth vendor analysis of the global chemical detection equipment industry. To present a clear picture of the industry, exhaustive profiles of the key players have been discussed in the study, focusing on the key strategies adopted by them. Some of the leading players operating in the industry are Smiths Group, Lakeland Industries Inc., Thermo Fisher Scientific Inc., and Bruker Corporation. The rising number of new players entering the industry is expected to strengthen the competitive scenario of the chemical detection equipment industry across the globe.

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