Compliance, Need for Intelligent Devices to Drive Growth
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 high profile explosions at BP�s Texas City refinery and the UK�s Buncefield oil storage facility have exposed the need for better process measurements and safety warning systems. This has helped to drive the increasing adoption of 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 both open path and point detectors to complement each other in the field.
Though the down economy will have a dampening effect over the short term, the need for toxic gas detectors to protect plant personnel and communities still remains. Some key issues that will drive growth include an increased demand for SIL-rated detectors, continued strength in the oil & gas sector, and the need for intelligent transmitters to streamline diagnostics and calibration.
Strategic Issues
This study is intended to assist suppliers and purchasers in staying abreast of toxic gas detection market and technology developments, and explores the key issues that will impact the market.
- The size of the worldwide market for toxic gas detectors
- The leading suppliers and their strategies
- The short- and long-term potential for the toxic gas detector business
- How new technologies will impact the toxic gas detector market
- The industries and regions that offer the greatest growth potential
- The key elements for success in the toxic gas detector business
