1. Market Research
  2. > Energy & Environment
  3. > Energy
  4. > Oil and Gas
  5. > Natural Gas Market Trends
Asia Pacific Gas Detector Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Asia Pacific Gas Detector Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

  • December 2021
  • 141 pages
  • ID: 6192791
  • Format: PDF
  • Mordor Intelligence LLP

Summary

Table of Contents

Search Inside

The Asia Pacific Gas Detector Market was valued at USD 477.3 million in 2020 and is expected to reach USD 664.4 million in 2026 and register a CAGR of 5.75 % during the forecast period (2021 - 2026). With rapid urbanization in the region, greenhouse gas emissions have increased tremendously, necessitating the deployment of gas detecting devices.

Key Highlights
Oil companies, such as Indonesia’s Pertamina and PTTEP, are successful in maintaining domestic supply, which are attracting investors for expanding the energy company’s portfolio. These efforts are expected to increase the demand for gas detectors.
Singapore is being highlighted as the hub for the petrochemical industry. This is because of the investments by the major global players of this industry, such as BASF, Lanxess, Mitsui Chemicals, and Shell. It has also been promoting initiatives for the reduction of carbon emissions.
According to China National Petroleum, China’s gas consumption is expected to rise to around 320 Bcm by 2020, while the pace of gas import growth is set to slow sharply. Thus, China is planning to reduce its dependence on gas imports by encouraging domestic projects like shale fields. These projects require gas detectors to ensure safety measures. It is further fueled by the ongoing trade war with the United States.
COVID-19 has negatively impacted the market growth. This is because of the global lockdown of factories and industrial facilities, which has caused a declining usage in gas detector devices, except in the food and beverage sector. In this industry, gas detectors are being used more since the sector comes under essential services and is working round the clock.

Key Market Trends

Oil & Gas to Occupy Maximum Market Share

The market for Oil and Gas is the fastest in the region due to government initiatives encouraging the use of gas detectors. With the growing energy demand, the region is facing more significant challenges in securing the supply of energy resources to meet the domestic requirements of each economy.
The purpose of the APEC Oil and Gas Security Initiative (OGSI) is to aid economies in addressing the issue of energy supply security and on how to deal with the threats of possible supply shortages and emergencies. It has three significant pillars -- Oil and Gas Security Exercise (OGSE), Oil and Gas Security Network (OGSN), and Oil and Gas Security Studies (OGSS). Thus gas detectors are of paramount importance in these areas.
India has established policy objectives, which encourage national gas companies to carry out innovations and new developments. One of them is Hydrocarbons Vision 2025, whose focus area is to develop the hydrocarbon sector as a globally competitive industry by upgrading technology and building capacity.
There are several oil and gas projects lined up for the future, which would increase the demand for gas detectors. A few of them are as follows --

Pulau Muara Besar Refinery & Petrochemical Complex Phase 2 (To be started in 2022 in China)
Long Son (No. 3) Refinery (To be started in 2021 in Vietnam)
Sriracha Refinery Expansion & Upgrade (To be started in 2024 in Thailand)
Sihanoukville Oil Refinery (To be started in 2024 in Cambodia)

South Korea to Dominate the Market

South Korea is continuously under threat of radioactive gas exposure due to nuclear tests conducted by North Korea. This is because North Korea has an active nuclear weapons program and has tested nuclear explosive devices in the past.
For instance, in 2018, South Korea confirmed the presence of radioactive xenon gas, which originated from North Korea’s nuclear tests. Such incidents are expected to contribute to the sales of gas detectors.
Companies are also rolling out detectors to cater to such demands. In April 2020, Honeywell rolled out fire detection and safety technologies for lithium-ion batteries via its Building Technologies business unit, combining it with alternative energy innovation group Nexceris’ gas detection systems. Honeywell has chosen Factory as an official distributor for South Korea.
Upcoming government initiatives, such as Trans-Korea Gas Pipeline Project, which aims to transport natural gas via a pipeline through North Korea and South Korea, are expected to increase the adoption of gas detectors in the pipeline surrounding areas.
South Korean Energy companies, such as Korea Gas Corporation (KOGAS), Korea National Oil Company (KNOC), and GS Energy, signed an agreement with the Abu Dhabi National Oil Company (ADNOC) to investigate more exploration and production activities. This would cater to Korea’s increasing energy demand. Such partnerships are expected to boost the market demand in the future.

Competitive Landscape

The Asia Pacific Gas Detector Market is concentrated with Southeast Asia emerging as a hotspot for oil companies, which are experiencing mergers and acquisitions. Moreover, the vendors in this region are also involved in innovations and partnerships, which is strengthening the market growth.

Oct 2021- Honeywell International Inc. HON introduced two advanced Bluetooth-connected gas detectors — Searchline Excel Plus and Searchline Excel Edge. Designed for oil and gas, chemical, petrochemical, and other industrial facilities, the company’s latest gas detectors facilitate in constant monitoring of hazardous and flammable gas leaks in the rain, fog, snow, and other severe weather conditions.
Sep 2021 - Global safety equipment manufacturer MSA Safety Incorporated opened the doors of a new 20,000 square-foot manufacturing facility in Cranberry Township, Pa. The building opening establishes MSA’s Cranberry Township campus as the global center of excellence for gas detection technology. The single-story manufacturing facility will be used primarily for assembly work related to the recent relocation of multiple fixed gas and flame detection (FGFD) product lines.

Additional Benefits:

The market estimate (ME) sheet in Excel format
3 months of analyst support

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Perforating Gun Market by Gun Type, Well Type, Application, Pressure, Depth, Type, Orientation, Explosives, Region - Global Forecast to 2027

  • $ 4950
  • March 2022
  • 225 pages

The global perforating gun market is projected to reach USD 1.4 billion by 2027 from an estimated market size of USD 1.1 billion in 2022, at a CAGR of 5.6% during the forecast period. The factors driving ...

  • World
  • North America
  • Oil And Gas
  • Crude Oil
  • Industry analysis
  • Crude Oil Production
  • Crude Oil Price

ref:plp2021

Reportlinker.com © Copyright 2022. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on