Gas Analyzer Market Analysis and Forecast by Rapid Growth Rate 2020 Value Share Analysis by Regions, Industry Size, Key Insights till 2024

Gas Analyzer

The “Gas Analyzer Market” report 2020 covers all the significant developments which are recently being adopted across the global market. The prime objective of the Gas Analyzer market report is to provides an in-depth analysis of all market dynamics including drivers and restraints, and trends, and opportunities. The Gas Analyzer market report covers both the demand and supply aspects of the market. The report also highlighted the future trends in the Gas Analyzer market that will impact the demand during the forecast period.

Scope of the Report:

Gas analyzers are primarily used for quantitative purposes, to determine the concentration of gas and analyze physical parameters, such as temperature, pressure, concentration, and flow rate. Gas detectors are used for safety purposes, when the exact measurement is not critical. There are two types of gas analyzer: fixed & portable. They are segregated by technologies such as electrochemical, paramagnetic, zirconia (ZR), non-dispersive IR (NDIR). These are being used in oil and gas, chemical & petrochemical, water & wastewater, pharmaceutical, food & beverage.

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Market Overview:

  • The global gas analyzer market was valued at USD 481.26 million in 2018 and is expected to reach a value of USD 663.58 million by 2024, at a CAGR of 5.51%, during the forecast period 2019 – 2024. The need for a longer lifespan, maintenance-free products, and cost competitiveness are the primary needs for the gas analyzer market. In addition, high price sensitivity, demand for highly reliable products, and a higher degree of innovation are expected to influence the market studied, during the forecast period.
  • – The increased adoption of NDIR gas analyzers can also be attributed to their ability to analyze multiple gases in harsh environments, the absence of cross-sensitivity, longer life spans, and the low cost of ownership.
  • – On the other hand, ZR gas analyzers are mainly used to analyze oxygen concentration in clean rooms, biochemistry labs, and the food packaging industry, where the continuous measurement of flow gases is required.
  • – Further, increasing investments are being made in new plants, in the Asia-Pacific power, chemicals and petrochemicals, and oil and gas industries, which makes this region one of the fastest-growing regional markets.
  • – Further, technological advancements, such as wireless communication facilities and sensor technologies, are also expected to drive the market’s growth. Due to their rugged nature and their ability to work in aggressive chemical environments, NDIR analyzers are preferred by the oil and gas and the chemicals and petrochemicals industries. They are also able to accept a certain degree of cross-sensitivity between different gases.

    Some of the Top Key Players of Gas Analyzer Market Report Are:

  • ABB Ltd
  • Honeywell International Inc.
  • Emerson Electric Co.
  • Servomex (Spectris PLC)
  • Teledyne Advanced Pollution Instrumentation (TAPI)
  • Systech Instruments Ltd and Illinois Instruments Inc.
  • Thermo Fisher Scientific Inc.
  • Siemens AG
  • Yokogawa Electric Corporation
  • Testo AG
  • California Analytical Instruments Inc.
  • Enotec GmbH
  • Cambridge Sensotec Ltd

    Report Highlights:

    • Market Dynamics – Drivers, Restraints, and Opportunities
    • Market Segmentation – Types, Applications, Regions, and Technology
    • Market Trends
    • Competitive Landscape
    • SWOT Analysis and Porter’s Five Forces Analysis

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    Key Market Trends:

    Portable Gas Analyzer Technology to Hold Significant Share

    – Portable gas analyzers can be used in a real-time environment, for the detection of specific components and percentage of a particular component of a gas, in the surrounding area. These detectors are expected to grow, with the increasing mining activities, globally. For instance, Vale has opened the world’s largest mining project for iron ore in Carajas, in the Brazilian Amazon region.
    – Portable gas analyzers are used to optimize the quantity of fuel flow rate, detection of harmful toxic gases, and the right composition of the mixture of gases that are necessary for the refining process, etc.
    – Recently, ABB implemented an ultraportable greenhouse gas analyzer (UGGA), for accurate measurements of methane, carbon dioxide, and water, in the Prudhoe Bay Oil field in Alaska.
    – In 2018, the fourth symposium on gas and coal market, International Energy Agency (IEA), the International Energy Forum (IEF) and the Organization of the Petroleum Exporting Countries (OPEC) focused on how the implementation of measures to meet the climate change mitigation would affect demand for coal and for natural gas. So the use of different gas analyzer technologies such as non-dispersive IR (NDIR), portable gas analyzer solutions needed to decarbonize energy systems.

    Asia-Pacific Region is Expected to Witness a Significant CAGR

    – Asia-Pacific is the only region to register a capacity growth in the oil and gas industry, in recent years. About four new refineries were added in the region, which has added about 750,000 barrels per day, to the global crude oil production.
    – The development of industries in the region is driving the growth of portable gas analyzers, owing to their advantages in the oil and gas industry, such as monitoring processes, increased safety, enhanced efficiency, and quality.
    – Moreover, China is focused on becoming the world leader in emission reduction and has completely adopted a selective catalytic reduction (SCR) as the required post-combustion NOx control process, for all large power plants.
    – The increase in the demand for low-cost, high-precision products across developing countries, such as India, Malaysia, etc., is expected to boost the market’s growth. Further, the increased enforcement of regulations from countries, such as China, Japan, and South Korea, has encouraged companies to invest in sophisticated gas analyzers. Thus, end-user companies are willing to invest in safety systems, rather than facing disasters.

    The Report Covers:

    • Comprehensive research methodology of Gas Analyzer market
    • In-depth analysis of macro and micro factors influencing the market guided by key recommendations.
    • Analysis of regional regulations and other government policies impacting the global sleep aid market
    • Insights about market determinants which are stimulating the global Gas Analyzer market
    • Detailed and extensive market segments with regional distribution of forecasted revenues
    • Extensive profiles and recent developments of market players Companies Mentioned

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    Detailed TOC of Gas Analyzer Market Report 2020-2024:

    1 INTRODUCTION
    1.1 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET INSIGHTS
    4.1 Market Overview
    4.2 Industry Attractiveness – Porter’s Five Force Analysis
    4.2.1 Threat of New Entrants
    4.2.2 Bargaining Power of Buyers/Consumers
    4.2.3 Bargaining Power of Suppliers
    4.2.4 Threat of Substitute Products
    4.2.5 Intensity of Competitive Rivalry
    4.3 Industry Value Chain Analysis

    5 MARKET DYNAMICS
    5.1 INTRODUCTION to Market Drivers and Restraints
    5.2 Market Drivers
    5.2.1 Technological Developments in Sensor Technologies
    5.2.2 Innovative Analyzers Replacing Traditional Gas Analyzers
    5.3 Market Restraints
    5.3.1 Technical Issues and Cost Factors

    6 MARKET SEGMENTATION
    6.1 By Product Type
    6.1.1 Fixed
    6.1.2 Portable
    6.2 By Technology
    6.2.1 Electrochemical
    6.2.2 Paramagnetic
    6.2.3 Zirconia (ZR)
    6.2.4 Non-dispersive IR (NDIR)
    6.2.5 Other Technologies
    6.3 By End-user Vertical
    6.3.1 Oil and Gas
    6.3.2 Chemical and Petrochemical
    6.3.3 Water and Wastewater
    6.3.4 Pharmaceutical
    6.3.5 Utility
    6.3.6 Food and Beverage
    6.3.7 Other End-user Verticals
    6.4 Geography
    6.4.1 North America
    6.4.1.1 United States
    6.4.1.2 Canada
    6.4.2 Europe
    6.4.2.1 United Kingdom
    6.4.2.2 Germany
    6.4.2.3 France
    6.4.2.4 Rest of Europe
    6.4.3 Asia-Pacific
    6.4.3.1 China
    6.4.3.2 India
    6.4.3.3 Japan
    6.4.3.4 Rest of Asia-Pacific
    6.4.4 Latin America
    6.4.5 Middle East & Africa

    7 COMPETITIVE LANDSCAPE
    7.1 Company Profiles
    7.1.1 ABB Ltd
    7.1.2 Honeywell International Inc.
    7.1.3 Emerson Electric Co.
    7.1.4 Servomex (Spectris PLC)
    7.1.5 Teledyne Advanced Pollution Instrumentation (TAPI)
    7.1.6 Systech Instruments Ltd and Illinois Instruments Inc.
    7.1.7 Thermo Fisher Scientific Inc.
    7.1.8 Siemens AG
    7.1.9 Yokogawa Electric Corporation
    7.1.10 Testo AG
    7.1.11 California Analytical Instruments Inc.
    7.1.12 Enotec GmbH
    7.1.13 Cambridge Sensotec Ltd

    8 INVESTMENT ANALYSIS

    9 MARKET OPPORTUNITIES AND FUTURE TRENDS

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