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Increasing Investments to Drive Global Gas Leak Detectors Market

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Published on : Jan 20, 2016

Gas leak detectors have grabbed the attention of many international companies operating in the oil and gas as well as chemicals industries. Their ability to identify the presence of various kind of gases in the ambient air is the prime factor behind their increasing popularity. These companies are investing heavily in the global market for gas leak detectors in order to augment the research and development activities for the advancement of these detectors in the near future.

The rapid increase in GHG emission has raised concerns of people across the world regarding environmental safety. The gas leakage detection is one of the most important measures that have been adopted by several governments around the world to limit the GHG emission, fueling the demand for gas leak detectors significantly in the global arena. 

The global market for gas leak detectors is deriving ample growth from the augmenting demand from factories, industrial units, and commercial complexes. However, the intense competition in this market has lowered the profit margin, decreasing the interests of market players in innovations and research and development activities. That is why most of the participants are sticking to their traditional designs and products. Though a few new entrants are working extensively to develop technically advanced and efficient gas leak detectors.

MSA Safety Inc., OptoSci Ltd., Tyco International plc, Emerson Electric Co., Honeywell International Inc., and Dragerwerk are the major manufacturers of gas leak detectors in the global arena.

OptoSci Ltd., a U.K. based company, recently introduced their latest innovation, a gas detection system named OptoMole, which has been developed in collaboration with the U.K. the energy innovation center (EIC) and gas detection networks (GDN).

Specifically designed to quickly spot the leakage from underground gas mines, OptoMole was awarded for being the ‘Best Innovation Contributing to Quality and Reliability of Gas Supply’ by the U.K. Energy Industry in mid-2015.

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