Corporate Banner
Satellite Banner
Environmental Analysis
Scientific Community
 
Become a Member | Sign in
Home>News>This Article
  News
Return

Gas Detection Market Reaches $2.2 Billion in Annual Revenues

Published: Tuesday, August 27, 2013
Last Updated: Tuesday, August 27, 2013
Bookmark and Share
New data shows extensive growth in the Industrial Gas Detection sector.

New market trends data released by Honeywell company City Technology shows extensive growth in the Industrial Gas Detection sector, which has now reached $2.2 billion in worldwide revenues.

The biggest growth in the sector has been attributed to the Oil and Gas industry, spurred on by a surge in Shale Gas exploration and the increasing demand for energy.

City Technology is at the heart of Gas Detection systems, providing leading solutions in gas sensing technology, ensuring safety in the sector.

City is the world’s leading supplier of gas sensors for the life safety and emissions gas analysis sectors, contributing to a global gas sensing market worth $420m.

John Warburton, Strategic Marketing Manager at City Technology, describes this market as vibrant with many opportunities for continuing growth. “The Gas Detection market is very strong at the moment. For example, we are predicting that the global demand for gas sensors will grow at 5-6% pa over the next five years with the Asia Pacific region growing at 10%. Growth in North America will remain strong, driven by the on-going development of shale gas deposits.”

“Moreover, new trends in Gas Detection go beyond traditional markets. For example, City has highlighted the growth in the market for Medical and Domestic Gas Detection sensors, for instance in carbon monoxide and flammable gas alarms, which are worth nearly $90 million combined. John Warburton affirms that, “These future growth markets are being driven by health and safety awareness and legislation. Furthermore, it will be an increasing demand for energy and the strengthening global economy that will shape these developments and, therefore, the future of gas detection.”

With a range of more than 300 products detecting 28 different gases and a growing number of facilities in Europe, the USA and Asia Pacific, City Technology is well positioned to capitalize on this market growth whilst continuing to be the leading choice for sensing technology.


Further Information

Join For Free

Access to this exclusive content is for Technology Networks Premium members only.

Join Technology Networks Premium for free access to:

  • Exclusive articles
  • Presentations from international conferences
  • Over 2,900+ scientific posters on ePosters
  • More than 4,200+ scientific videos on LabTube
  • 35 community eNewsletters


Sign In



Forgotten your details? Click Here
If you are not a member you can join here

*Please note: By logging into TechnologyNetworks.com you agree to accept the use of cookies. To find out more about the cookies we use and how to delete them, see our privacy policy.

Related Content

City Technology Launches New Global Brand
New logo designed to reflect Company’s global position in the industry.
Friday, April 04, 2014
Scientific News
Exposure to Air Pollution 30 Years Ago Associated with Increased Risk of Death
Exposure to air pollution more than 30 years ago may still affect an individual's mortality risk today, according to new research from Imperial College London.
Low-Cost, Portable NQR Spectroscopy
A researcher at Case Western Reserve University is developing a low-cost, portable prototype designed to detect tainted medicines and food supplements that otherwise can make their way to consumers. The technology can authenticate good medicines and supplements.
Ocean Acidification Makes Coralline Algae Less Robust
Ocean acidification (the ongoing decrease in the pH of the Earth’s oceans, caused by the uptake of CO2 from the atmosphere), is affecting the formation of the skeleton of coralline algae which play an important part in marine biodiversity, new research from the University of Bristol has found.
Battery Component Found to Harm Key Soil Microorganism
The material at the heart of the lithium ion batteries that power electric vehicles, laptop computers and smartphones has been shown to impair a key soil bacterium, according to new research.
Living a “Mixotrophic” Lifestyle
Some tiny plankton may have big effect on ocean’s carbon storage.
Living a “Mixotrophic” Lifestyle
Some tiny plankton may have big effect on ocean’s carbon storage.
Toxic Pollutants Found in Fish Across the World's Oceans
Scripps researchers' analysis shows highly variable pollutant concentrations in fish meat.
Global Nitrogen Footprint Mapped
Four countries cause almost half the world’s emissions, with developing countries tending to suffer local pollution caused by foreign demand.
Environmental Toxin May Increase Risk of Alzheimer's
First time scientists have observed brain tangles in an animal model through exposure to environmental toxin.
Global Ocean Warming has Doubled in Recent Decades
Lawrence Livermore scientists, working with National Oceanic and Atmospheric Administration and university colleagues, have found that half of the global ocean heat content increase since 1865 has occurred over the past two decades.
Scroll Up
Scroll Down
Skyscraper Banner

Skyscraper Banner
Go to LabTube
Go to eposters
 
Access to the latest scientific news
Exclusive articles
Upload and share your posters on ePosters
Latest presentations and webinars
View a library of 1,800+ scientific and medical posters
2,900+ scientific and medical posters
A library of 2,500+ scientific videos on LabTube
4,200+ scientific videos
Close
Premium CrownJOIN TECHNOLOGY NETWORKS PREMIUM FOR FREE!