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Growing Need For Toxic & Combustible Gas Detectors The worldwide market for toxic and combustible gas detectors is expected to grow at a compounded annual growth rate (CAGR) of nearly four percent over the next five years. The market was $689 million in 2008 and is forecasted to be $823 million in 2013 according to a new ARC Advisory Group study. Compliance with increasingly tough safety and environmental regulations will drive investment in toxic and combustible gas detectors among oil & gas, refining, petrochemical, and mining customers. The threat of an industrial accident in the wake of several high profile explosions has helped to drive the increasing adoption of reliable SIL-rated transmitters for Safety Instrumented Systems to mitigate the risk of catastrophic events. Gas detectors are on the front line of defense, warning of hazardous gas emissions well before they reach crisis levels. As such, there will be a greater emphasis on deploying devices with greater sensitivity and coverage, and installing a variety of gas detection technologies to better safeguard plants against the consequences of gas leaks. Sales of smart transmitters will outpace those of conventional and low-cost devices, as users seek to utilize recent technological advances to improve visibility into plant safety and device diagnostics. There is also an increasing requirement to archive toxic gas emissions data and alarms, to meet regulatory requirements, and for potential litigation by plant employees. This will fuel demand for transmitters that incorporate powerful onboard diagnostics capabilities and use digital communication protocols.  Read more about this studyCopyright © 2009 General Monitors, Inc. All logos, brand and product names are registered trademarks of their perspective owners. All rights reserved. Questions or comments to ToxicGas@generalmonitors.com |
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