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Enforcement of Stringent Regulations and Cost-competitive Technologies will Drive the Growth in the Market
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The demand for gas detection equipment in the Western European market is augmented due to the stringent regulations enforced by regulatory bodies. The compliance level across end users has increased over the years and it is expected to improve in the future. Inorganic growth through acquisitions in the market remains active and the consolidation trend is expected to continue during the forecast period. Wireless detectors are now considered as an attractive option that can replace traditional fixed-gas detectors. These detectors enable to monitor workers remotely on a real-time basis. However, their infrastructure cost remains a major bottleneck for end users to adopt them at their facilities.
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