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Product Innovation and IoT Solutions Take the Western European Gas Detection Equipment Market to the Next Level

January 29, 2019 / Frost & Sullivan

Growth prospects in the Western European gas detection equipment market look promising over the next four years. Frost & Sullivan's latest analysis reveals that while the enforcement of stringent regulations has led to greater product demand, Internet of Things (IoT) solutions have enabled rising end-user adoption. Frost & Sullivan expects the market to generate revenues of €776.4 million by 2023 and expand at a CAGR of 3.1% from 2018 until 2023. "End users are looking for IoT-enabled gas detection equipment, including wireless detection, data logging in portable devices, and remote monitoring on a real-time basis. They also want products to have a superior battery life, better sensors, and low calibration cost to maximise life span and ensure safety," said Sandeep Soni, Research Analyst, Visionary Science, Frost & Sullivan. "OEMs should augment their technical expertise and improve their product portfolios to capitalise on lucrative revenue opportun...