Frost & Sullivan has issued a new report analysing the global wireless gas detectors market.
According to the report:
- The market is expanding owing to the rising adoption of IoT technologies
- Additional revenue opportunities can be tapped by:
a. Presenting solutions such as real-time visibility, two-way communications, automated notifications, and predictive maintenance of devices.
b. Packaging high-quality products with smart solutions and on-time maintenance and support.
c. Partnering with cross-industry participants to innovate and stay relevant.
d. Focusing on wearable sensors, as their small form factor will make it possible to integrate them into badges or similar small accessories.
e. Employing a combination of direct and indirect sales with greater focus on ecommerce
f. Further improvements in battery life, ruggedness, form factor, and standardisation, wireless gas sensors will find a wider application and revenue-generation potential.
Nandini Bhattacharya, industry manager, Industrial team at Frost & Sullivan, said: “Wireless gas detectors reduce initial implementation costs and save on maintenance through better asset allocation, workforce management, faster resources workflow, and improved safety, giving them a significant competitive edge.
“They aid real-time and easy data transfer and communication on plant floors, which allows plant staff to be more mobile and flexible when performing operations. Importantly, these detectors monitor both personnel as well as machine health.
“Fatal accidents in the industries due to gas leakages have intensified the need for safety devices like gas sensors and detectors. Additionally, the demand for analysing multiple gases in industries has had a huge impact on the market for gas analysers.
“Shale gas and tight oil exploration, as well as the stringent enforcement of occupational health and safety regulations by government bodies across the world, are further boosting the sales volume of gas sensors, detectors, and analysers.”