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Gas Detectors Of L. P. G.

A gas detector is a device that detects the presence of gases in an area, measures and indicates the concentration of certain gases in air via different technologies, often as part of a safety system. When facing unknown environmental hazards invisible to the body’s senses, a gas detector is the first line of defence for worker safety and the portable gas detectors are often part of personal protective equipment (PPE) mandated by businesses and designed to keep personnel safe. Rising demand for ensuring the workers’ safety across various industries such as oil and gas, mining, food processing, increasing need for monitoring combustible gases and chemical agents in oil & gas industry, and several governmental regulations and norms pertaining to precautionary measures for maintaining the health of workers and employees in manufacturing industries are bolstering the demand for gas detectors. Conversely, intense competition and low-profit margins may impede the market growth. Nevertheless, rising investments by companies in smart gas detectors by focusing on the development of innovative wireless technology, such as Bluetooth, Wi-Fi, Wi-MAX, ZigBee, and rapid integration of big data and artificial intelligence is stoking the demand for gas detection systems. The global gas detectors market was valued at USD 2175.9 million in 2017, and is expected to reach a value of USD 2731.6 million by 2023, at a CAGR of 3.73%, during the forecast period (2018 - 2023). The regions considered in the scope of it include North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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