Global Gas Leak Detector Market Will Grow US$ 3143.67 Mn by 2020

By: Persistence Market Research Pvt. Ltd  06/02/2015
Keywords: Gas Leak Detector Market

According to a new market report published by Persistence Market Research “Global Market Study on Gas Leak Detector Market - Asia Pacific to Witness Highest Growth by 2020”,The global gas leak detectors market accounted for US$ 2,312.2 Mn in 2014 and while exhibiting a CAGR of 5.3% over the forecast period. The Global Gas Leak Detector Market is expected to reach US$ 3143.67 Mn by the end of 2020, representing a CAGR of 5.29% through 2015 to 2020. Browse the full Gas Leak Detector Market report at http://www.persistencemarketresearch.com/market-research/gas-leak-detector-market.asp Key driving factors, identified in the global gas leak detectors market are stringent government safety norms, growing investment in oil & gas and chemical Industries and increasing commercial and residential infrastructure development. However, lower profit margin due to intense competition, deferred investments in oil and gas might pose a challenge towards the growth of the global gas leak detector market. Some of the major trends identified in the global gas leak detector market are the use of internet of everything (IoT) and artificial neural network technology and gas leak detectors. The global gas leak detector market report is categorically split under four sections namely: market analysis by region, applications, product type and technology. The report analyses the global gas leak detector market in terms of market value (US$ Mn) and volume (Million Units).

Keywords: Gas Leak Detector Market

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