THE ARC ADVISORY Group has forecast the global toxic and combustible gas detector market will grow to $US823m ($A1.05b) by 2013, up from $US689m ($A883.1m) in 2008.
However, according to the ARC Advisory Group, the toxic and combustible gas detector market is slowing down as a result of the state of the global economy and a shift from large capital projects to upgrades of installed equipment.
Nevertheless, the ARC Advisory Group says toxic gas detectors will still be in demand as an essential measure to protect plant personnel and communities. Increasingly tough safety and environmental regulations around the world are also driving sales upwards.
The toxic and combustible gas detectors have a particularly large market in the oil and gas, refining, petrochemical and mining industries. High profile accidents have reinforced the need for better process measurements and safety warning systems, the market analyst says.
According to the ARC Advisory Group, industries are increasingly adopting SIL-rated transmitters and devices with greater sensitivity and coverage to lower the risk of catastrophic events. Gas detectors are widely seen as a first line of defence, which provide timely warnings to avert more serious problems
The ARC Advisory Group says sales of smart transmitters will outpace those of conventional and low-cost devices, because of the increasing importance of plant safety and diagnostics. Regulations requiring archival of toxic gas emissions data and alarms will lead to a growth in the demand for more high tech gas detectors.
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