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

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 opportunities."