Hazard detected: Low commodity prices will constrain exploration and contract industry revenue

The Gas Detection Device Manufacturing industry produces detectors used to measure a number of gases, including oxygen, carbon dioxide, carbon monoxide and nitrogen oxide. The global industry is highly competitive, heavily concentrated and led by MSA Safety, the global leader in industry device production. Industry revenue has grown over the past five years, although a recent downturn in energy prices has dampened the industry's fortunes. The health of downstream markets, including the oil and gas, mining and manufacturing sectors, and level of international demand largely determine demand for industry products. The next five years are expected to be largely positive for industry manufacturers...purchase to read more.

Industry Statistics & Market Size
Annual Growth 11-16
Forecast Growth 16-21
Market Share of Companies

Industry Threats & Opportunities

  • Overall industry growth has not been indicative of volatility
  • Imports have posed a substantial threat to the industry despite posting overall declines
  • More stringent regulations will ultimately result in new and improved products
  • Industry Report - Starting a New Business Chapter

    The industry has high barriers to entry due to several factors. Because of the industry's competitive nature, it requires significant investment in R&D and high fixed capital costs to produce quality products. The industry also has a high level of technology change, which can hinder the entry of new operators. Gaining access to the latest technology is essential to remaining competitive in the industry. The Gas Detection Device Manufacturing industry is also heavily regulated, which can also deter the entry of new players. Firms must be able to comply with government regulation to successfully enter the industry. Additionally, the cost and time spent ensuring compliance can prevent entry...purchase to read more.

    Additional Insights for the Gas Detection Device Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Gas Detection Device Manufacturing Industry are

  • Guaranteed supply of key inputs
  • Optimum capacity utilization
  • Economies of scale
  • IBISWorld analysts also discuss how external factors such as Trade-weighted index and Demand from oil and gas field services in the Gas Detection Device Manufacturing industry impact industry performance..

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    Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Trade-weighted index
  • Demand from oil and gas field services
  • Demand from mining
  • Private investment in industrial equipment and machinery

  • Current Performance
  • Volatile downstream demand
  • Importance of international trade
  • A highly competitive and highly concentrated industry landscape
  • Chart: Revenue Growth

  • Industry Outlook
  • Stable downstream demand and international trade challenges
  • Regulation spurs growth and product innovation
  • Table: Gas Detection Device Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Gas Detection Device Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Mining
  • Oil Drilling & Gas Extraction
  • Manufacturing
  • Petrochemical Manufacturing
  • Oil & Gas Pipeline Construction

  • Key Selling Industries
  • Computer Manufacturing
  • Plastic & Resin Manufacturing
  • Semiconductor & Circuit Manufacturing
  • Wire & Cable Manufacturing

  • Products & Services
  • Fixed gas detectors
  • Portable gas detectors
  • Chart: Gas Detection Device Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Exports
  • Oil and gas sector
  • Manufacturing sector
  • Mining sector
  • Other
  • Chart: Major Market Segmentation for the Gas Detection Device Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesResearch and developmentOther
  • Chart: Cost Structure Benchmarking – Sector vs Gas Detection Device Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Gas Detection Device Manufacturing Industry

  • Industry Globalization
    MSA Safety Appliances, Honeywell International Inc.,
  • Table: MSA Safety Appliances - financial performance
  • Table: Honeywell International Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Gas Detection Device Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Gas Detection Device Manufacturing Industry
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Exports (2007-2021)
  • Imports (2007-2021)
  • Wages (2007-2021)
  • Trade-weighted index (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Fixed Gas Detector
  • A device used to monitor for combustible and toxic gases and oxygen deficiency in any application where continuous monitoring is required.
  • Portable Gas Detector
  • A hand-held device that isused for the detection of an oxygen deficiency in confined spaces or the presence of combustible or toxic gases.
  • Wireless Gas Sensors
  • A sensor device used to measure ambient conditions, as well as store and communicate the data by wireless means.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Industry Market Report on Gas Detection Device Manufacturing is a comprehensive guide to market size and growth prospects. Ensure due diligence in your research with our strategic analysis of the factors influencing companies, including new product developments; economic, lifestyle and demographic influences; distribution and supply chain factors; and pricing issues.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Gas Detection Device Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Gas Detection Device Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Gas Detection Device Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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