South East Asia Gas Detection Device Market to Witness Widespread Expansion by 2025
The South East Asia gas detection device market features a highly consolidated vendor landscape, with the top five vendors collectively holding a massive 87.1% of the market in 2016, observes Transparency Market Research (TMR) in a recent report. These leading vendors, namely Honeywell International, Inc., Drägerwerk AG & Co. KGaA, Riken Keiki Co., Ltd., Mine Safety Appliances, and New Cosmos Electric Co., Ltd., have have been able to establish strong presence in South East Asian countries owing to their well-established distribution networks in the region. The market is highly competitive and domestic and regional vendors run the benefit of close ties with government bodies. New entrants are expected to have least leeway in the market owing to the stringent regulations put in place by government and industrial bodies. The report also notes that the lack of product differentiation is one of the key challenges for companies operating in the South East Asia gas detec...