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Innovations, bundled discounts for systems and improved sensitivity make gas detectors more attractive for buyers.
Image Source: TechNavio
Market research company TechNavio predicts that the global gas detector market will hit $20.86 billion by 2021 due to high demand in the product line. Growth from this year through the next four years will also be propelled by innovations, makers' partnerships with insurance companies and increase in high-sensitivity units.
In terms of innovation, TechNavio says that emergence of smarter gas detector technologies resulted to product premiumization. Releases have also become very attractive for consumers because they are made more intelligent, compact and versatile. In China, for example, new gas detectors are round and small or portable. A number of units can be controlled by mobile apps or connected to other smart devices via ZigBee and Wi-Fi.
As regards manufacturers teaming up with insurance companies, consumers are starting to see the benefits of this in the form of home insurance policy discounts and all-day monitoring by professionals, which come with their gas detector purchases and services subscription.
In terms of increasing high-sensitivity models, products are indeed capable of detecting different types of gases, according to TechNavio, and double as more efficient and accurate smart home alarms. Buyers are delighted to be offered with units that can alert even at the lowest amount of gas leak. This helps owners act on the emergency situations faster.
Security products importers focusing on gas detectors can follow these trends and get products with the in-demand features to boost their businesses.
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