South East Asia Gas Detection Device Market: Vendors Need to Focus on Introducing Innovative Features for Sustainable Re

1. South East Asia Gas Detection Device Market: Vendors Need to Focus on Introducing Innovative Features for Sustainable Returns, says TMR Albany, New York: The South East Asia gas detection device market features a highly consolidated vendor landscape, with the top five vendors collectively holding a massive 87.1% of the market in 2016, observes Transparency Market Research (TMR) in a recent report. These leading vendors, namely Honeywell International, Inc., Drägerwerk AG & Co. KGaA, Riken Keiki Co., Ltd., Mine Safety Appliances, and New Cosmos Electric Co., Ltd., have have been able to establish strong presence in South East Asian countries owing to their well-established distribution networks in the region. The market is highly competitive and domestic and regional vendors run the benefit of close ties with government bodies. New entrants are expected to have least leeway in the market owing to the stringent regulations put in place by government and industrial bodies. The report also notes that the lack of product differentiation is one of the key challenges for companies operating in the South East Asia gas detection devices market. To make their way through this challenge, leading vendors are focused on the development of products with innovative features such as multiple channels and increased monitoring capacity. An instance is the BW Clip Real Time maintenance-free single gas detector launched by Honeywell International Inc. in March 2016. The device is said to operate continuously and provide real- time display of gas levels for gases such as hydrogensulfide, carbon monoxide, oxygen, and sulfur dioxide. Transparency Market Research estimates that the South East Asia gas detection device market will exhibit a promising CAGR of 9.2% during the period from 2017 to 2025, rising from a valuation of US$155.6 mn in 2016 to US$ 337.6 Mn by 2025.

2. Request a Sample for extensive research insights: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=21278 Thriving Petrochemicals Industry to Provide Massive Growth Opportunities Of the key areas of application across a number of industries analyzed in the report, the South East Asia gas detection market is gain a large chunk of revenue from applications in the petrochemical industry in the next few years. The petrochemical industry in the region is expected to hold a 20.5% of the overall market in 2017 and continue strong growth over the forecast period as well, exhibiting a promising 8.4% CAGR from 2017 to 2025. However, the automotive and materials industries are expected to lead in terms of rate of growth over the forecast period, hinting towards the vast growth opportunities for players in the market. In terms of geography, the market in Singapore accounted for a massive 51% of the overall market in 2016. The country continues to lead to strong demand for gas detection devices owing to the stringent workplace safety regulations in place. It is expected to account for a massive share of the South East Asia gas detection market over the forecast period as well. Request For Custom Research: https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=21278 Stringent Workplace Safety Norms to Compel Installation of Gas Detection Devices in Industries Some of the leading factors driving the South East Asia gas detection market are the rising demand for remote monitoring, increased focus on ways of reducing operational expenses, stringent policies and regulations put in place by government bodies to ensure worker safety at workplaces, and the rising demand for reducing facility downtime during turnaround operations. Workplace safety regulations and policies will remain the key driver of growth of the South East Asia gas detection market in the near future. This analysis of the South East Asia gas detection market is based on a recent market research report by Transparency Market Research, titled “Gas Detection Device Market (Product Type - Fixed and Portable; Device - Detector, Transmitter, and Controller; Application - Mining, Steel Mill, Petro chemical, Construction, Automobile, Material (Fiber, Pulp, Rubber, Glass), Food and Beverage Making and Processing, Electronics, Marine, Utility Services, Government, Security, Medical, and Environment Detection) - South East Asia Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025.” For the study, the market has been segmented as follows: South East Asia Gas Detection Device Market, By Product Type  Fixed  Portable South East Asia Gas Detection Device Market, By Device  Detector  Transmitter

3.  Controller South East Asia Gas Detection Device Market, By Application  Mining Coal o Others o  Steel Mill  Petro Chemical Crude Oil o Oil Refinery o  Construction Tunnel o Subway o Others o  Automobile  Material  Food & Beverage Processing & Making  Electronics Semiconductor o Consumer Electronics o  Marine Ship Builder o Ship Owner o Ship Chandler o  Utility Services Electricity o Water o Gas o Tele-communication o  Government

4. Fire Fighting o Police o Military o Border Control o  Security Building o Others o  Medical Hospitals and Clinics o Others o  Environment Detection Pollution o Others o In addition, the report provides analysis of the South East Asia gas detection device market with respect to the following country segments:  Singapore  Malaysia  Indonesia  Thailand  Vietnam  Myanmar  Brunei  Philippines  Rest of South East Asia About Us Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather,

5. and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge. Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement. US Office Contact Mr. Rohit Bhisey Transparency Market Research State Tower, 90 State Street, Suite 700, Albany NY - 12207 United States Tel: +1-518-618-1030 USA - Canada Toll Free: 866-552-3453 Email: sales@transparencymarketresearch.com Website: http://www.transparencymarketresearch.com Research Blog: http://www.europlat.org/