Corporate Banner
Satellite Banner
Technology
Networks
Scientific Communities
 
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 3,500+ scientific posters on ePosters
  • More Than 5,000+ 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
Point of Care Diagnostics - A Cautious Revolution
Advances in molecular biology, coupled with the miniaturization and improved sensitivity of assays and devices in general, have enabled a new wave of point-of-care (POC) or “bedside” diagnostics.
Mass Spec Technology Drives Innovation Across the Biopharma Workflow
With greater resolving power, analytical speed, and accuracy, new mass spectrometry technology and techniques are infiltrating the biopharmaceuticals workflow.
One Step Closer to Precision Medicine for Chronic Lung Disease Sufferers
A study led by University of North Carolina at Chapel Hill, and National Jewish Health, has provided evidence of links between SNPs and known COPD blood protein biomarkers.
Modified Yeast Shows Plant Response to Key Hormone
Researchers have developed a toolkit based on modified yeast to determine plant responses to auxin.
Adipose Tissue Secretes Factors That Activate Metabolism
Study finds brown adipose tissue secretes signalling factors that activates metabolism of fat and carbohydrates.
Antibiotic Resistant Bacteria In America's Water System
Antibiotic resistant bacteria live inside drinking water distribution systems blamed for rising healthcare costs.
ReadCoor Launched to Commercialize 3D Sequencing Tech
ReadCoor will leverage the Wyss Institute’s method for simultaneously sequencing and mapping RNAs within cells and tissues to advance development of diagnostics.
Ancient Eggshell Protein Breaks Through DNA Time Barrier
Fossil proteins from a 3.8million year-old eggshell have been identifed, suggests proteins could give insight into evolutionary tree.
Monkeys Protected by Zika DNA Vaccine
Experimental Zika virus DNA vaccines successfully protected monkeys against Zika infection.
Nanosensors Could Determine Tumours’ Ability to Remodel Tissue
Researchers design nanosensors that can profile tumours, focusing on protease levels.
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
3,500+ scientific and medical posters
A library of 2,500+ scientific videos on LabTube
5,000+ scientific videos
Close
Premium CrownJOIN TECHNOLOGY NETWORKS PREMIUM FOR FREE!