Corporate Banner
Satellite Banner
Scientific Communities
Become a Member | Sign in
Home>News>This Article

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
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 2,700+ scientific posters on ePosters
  • More Than 3,800+ 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 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
Education and Expense: The Barriers to Mass Spectrometry in Clinical Laboratories?
Here we examine the perceived barriers to mass spec in clinical laboratories and explore the possible drivers behind the recent shift in uptake of the technology in clinical settings.
Removing 62 Barriers to Pig–to–Human Organ Transplant in One Fell Swoop
The largest number of simultaneous gene edits ever accomplished in the genome could help bridge the gap between organ transplant scarcity and the countless patients who need them.
Biomarker Predicting Transplant Complications May be Key to Treating Them
A protein that can be used to predict if a stem cell transplant patient will suffer severe complications may also be the key to preventing those complications, an international research team based at the Indiana University School of Medicine reported Wednesday.
Potential New Diagnosis and Therapy for Breast Cancer
Scientists at the University of York, using clinical specimens from charity Breast Cancer Now’s Tissue Bank, have conducted new research into a specific sodium channel that indicates the presence of cancer cells and affects tumour growth rates.
First Results Describing Sick Sea Star Immune Response
Though millions of sea stars along the West Coast have perished in the past several years from an apparent wasting disease, scientists still don’t know why.
New Protein Cleanup Factors Found to Control Bacterial Growth
UMass Amherst researchers characterize previously mysterious proteolysis factors.
UC San Diego Team Up with Illumina to Speed-Read Your Microbiome
Data analysis app accelerates studies aimed at using microbes to predict, diagnose and treat human diseases.
Proteins with ALS, Cancer Role Do Not Assume a Regular Shape
Our cells contain proteins, essential to functions like protein creation and DNA repair but also involved in forms of ALS and cancer, that never take a characteristic shape, a new study shows.
Paving the Way for Diamonds to Trace Early Cancers
Researchers from the University of Sydney reveal how nanoscale 'diamonds' can light up early-stage cancers in MRI scans.
Researchers Develop Classification Model for Cancers Caused by KRAS
Most frequently mutated cancer gene help oncologists choose more effective cancer therapies.
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
2,700+ scientific and medical posters
A library of 2,500+ scientific videos on LabTube
3,800+ scientific videos