The Asia Pacific Gas Leak Detector Market is expected to grow by registering a CAGR of 6.2% during the forecast period. An important growth indicator is rapid urbanization in the region, due to which greenhouse gas emissions have increased tremendously, necessitating the deployment of gas detecting devices.
The proliferation of handheld devices has led to developments in the field of gas detectors, which has considerably widened the scope of application across multiple end-user segments. Government regulations are increasingly becoming stringent in emission control and labor safety, driving the demand for gas detectors.
Oil companies, such as Indonesia’s Pertamina and PTTEP, are successfully maintaining domestic supply, attracting investors to expand the energy company’s portfolio. These efforts are expected to increase the demand for gas detectors. Singapore is being highlighted as the hub for the petrochemical industry. This is because of the investments by the major global players in this industry, such as BASF, Lanxess, Mitsui Chemicals, and Shell. It has also been promoting initiatives for the reduction of carbon emissions.
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Daniel Brown Joined: September 22nd, 2022 Articles Posted: 319
