The rising interconnectivity among devices in industries is opening up the market for wireless gas sensors. These sensors can be installed in smartphones and are designed to support Bluetooth, WiFi, near-field communication, and other wireless connections. Their portability, low power requirements, and high-performance potential make them well suited for Internet of Things (IoT) applications.
This is especially true in critical and hard-to-reach areas in mining and oil and gas. With further improvements in battery life, ruggedness, form factor, and standardisation, wireless gas sensors will find a wider application and revenue-generation potential.
"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,” said Nandini Bhattacharya, Industry Manager, Industrial team at Frost & Sullivan. "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."
Frost & Sullivan’s recent analysis, ‘Global Gas Sensors, Detectors, and Analyzers Market, Forecast to 2025’, covers the key product segments of gas sensors, fixed gas detectors, portable gas detectors, and gas analysers. It provides revenue breakdown by vertical markets and a market breakdown by types of gases, including hydrogen sulfide, carbon monoxide, methane, oxygen, carbon dioxide, and nitrogen oxide. This study also discusses various macroeconomic factors and trends in the main global regions of North America, Latin America, Europe, Middle East and Africa, and Asia-Pacific.
"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," noted Bhattacharya. "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."
Overall, Frost & Sullivan concluded that market participants need to deliver innovative solutions that not only fulfil customers' gas sensing and detection needs but also provide them with complete visibility and critical business information.
Additional revenue opportunities can be tapped by: