The tunable diode laser analyzer market size is projected to reach US$ 935.33 million by 2028 from US$ 590.89 million in 2021; it is expected to grow at a CAGR of 7.0% from 2022 to 2028.
The tunable diode laser analyzer market analysis is segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. In 2021, Europe led the market with ~40% share, followed by Asia Pacific and North America, respectively.
The European Commission has proposed the implementation of a carbon tariff from 2026. The new proposed tax is part of the EU's climate change policies, aiming to reduce greenhouse gas emissions by more than 50% by 2030. According to a new European Environment Agency (EEA) assessment, the European Union (EU) met its three main climate and energy goals in 2020—a 20% reduction in emissions, a 20% increase in renewable energy use, and a 20% improvement in energy efficiency. Such stringent government policies and targets to reduce the carbon footprints forced many industrial verticals to adopt energy-efficient products and services, which is expected to bolster the demand for tunable diode laser analyzers in Europe and as a result contributing towards the growth of tunable diode laser analyzer market. Further, manufacturing industries in Europe are being compelled to embrace digital transformation solutions to make their business processes as efficient as possible. Moreover, they are adopting newer technological innovations due to a rapid increase in competition and evolving end-user requirements. As per the Organization for Economic Co-operation and Development (OECD), Germany invests 2.88% of its GDP in innovation related to manufacturing processes, well above the OECD average of 2.4%. Thus, with the expansion of manufacturing industries in Europe, the demand for tunable diode laser analyzers is likely to surge in these industries. This factor is expected to positively fuel the tunable diode laser analyzer market. Furthermore, the energy sector in Europe is taking various measures to boost power transmission capacity, such as a smart grid. In December 2021, US$ 3.20 billion (€3 billion) was invested in Europe's smart grid R&D to improve the power transmission capacity, which is likely to boost the demand for tunable diode laser analyzers in smart grids in Europe and in turn promoting the growth of tunable diode laser analyzer market.
The tunable diode laser analyzer market in Asia Pacific is segmented into India, China, Japan, Australia, and the Rest of Asia Pacific. The demand for industrial robots in various process manufacturing facilities is increasing, as many manufacturing production plants are planning to expand their footprints domestically and internationally with the rising urbanization. Thus, with the establishment of new manufacturing production plants, the demand for tunable diode laser analyzers is also increasing. Favorable government policies such as "Made in China 2025, Make in India, Production-linked incentive (PLI) scheme, and SAMARTH Udyog Bharat 4.0 are triggering the adoption of process automation in emerging countries, such as India and China. In 2021, the Indian Ministry of Heavy Industries announced the launch of the Samarth Udyog Bharat 4.0 initiative, which aims to accelerate the adoption of process automation and innovative technologies in the manufacturing sector. The consequent growth of manufacturing production facilities is favoring the tunable diode laser analyzer market growth in Asia Pacific. As the power demand grows due to the rapidly expanding industrial sector, governments in Asia Pacific focus on expanding their power generation capacities. For instance, as per the Global Entrepreneurship Monitor (GEM), the Indian government made a significant investment in the coal-based power generation sector, unveiling ~23 coal plants that are in the pre-construction phase and another 28 coal plants that are under construction across the country. Tunable diode laser analyzers monitor emission levels at numerous checkpoints in the power generation process, such as DeNOx and boilers. Thus, the above-mentioned factors support the growth of tunable diode laser analyzer market in Asia Pacific.
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Tunable Diode Laser Analyzer Market: Strategic Insights
Market Size Value in US$ 590.89 million in 2021 Market Size Value by US$ 935.33 million by 2028 Growth rate CAGR of 7.0% from 2022 to 2028. Forecast Period 2022-2028 Base Year 2022
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Tunable Diode Laser Analyzer Market: Strategic Insights
| Market Size Value in | US$ 590.89 million in 2021 |
| Market Size Value by | US$ 935.33 million by 2028 |
| Growth rate | CAGR of 7.0% from 2022 to 2028. |
| Forecast Period | 2022-2028 |
| Base Year | 2022 |
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Impact of COVID-19 Pandemic on Tunable Diode Laser Analyzer Market
The COVID-19 pandemic, as well as consequent limitations on international trade, led to considerable disruptions in industry supply chain operations in 2020 and 2021. Moreover, as the global oil prices plummeted significantly due to limited demand and continuous production by oil-producing countries, there was a considerable decline in production activities among major oil-producing countries. Consequently, the discontinuation of oil & gas activities virtually disrupted the demand for any related products and services, including gas analyzers in the oil & gas sector. The sudden onset of the COVID-19 pandemic adversely impacted operations at facilities manufacturing industrial automated solutions, leading to low production volumes.
The resumption of economic activities with the resumption of oil extraction projects and construction projects, consequently propelling the power demand, is fueling the tunable diode laser analyzer market growth.
Lucrative Regions for Tunable Diode Laser Analyzer Market
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Market Insights – Tunable Diode Laser Analyzer Market
The tunable diode laser analyzer market size in North America is segmented into US, Canada and Mexico. The US government signed the Paris Agreement (PA), which became effective in November 2020. Further, the US Climate Change Policy and the Clean Air Act Environmental Protection Agency (EPA) are authorized to regulate GHG emissions. For instance, the US government announced a new GHG target for the US to reduce net GHG emissions by 50–52% below 2005 levels by 2030. These initiatives by the US government will create a favorable business environment for the tunable diode laser analyzer market players to establish their footprints in this region. Canada 2030 Emissions Reduction Plan (2022), Canada's strengthened climate plan (2020), and the Pan-Canadian Framework (2016) are the policies and initiatives by the government of Canada that provide a road map to meet its enhanced Paris Agreement target of reducing emissions of carbon and other toxic gases by 40–45% by 2030. These government initiatives by the Canadian government forced many manufacturing industries to adopt energy-efficient products and services to limit carbon emission.
Measurement Type-Based Insights
Based on measurement type, the tunable diode laser analyzer market is segmented into in-situ and extractive. In-situ is the more common type of measurement. Siemens in-situ tunable diode laser analyzers measure components of interest from rotary kiln monitoring to flue gas monitoring in waste incineration and power plants.
The tunable diode laser analyzer market analysis is conducted based on measurement type, is segmented by measurement type (in-situ and extractive), gas analyzer type (oxygen analyzer, ammonia analyzer, cox analyzer, moisture analyzer, hx analyzer, cxhx analyzer, and others), and industry application (power, oil & gas, mining & metal, chemicals, fertilizers, cement, and others).
Emerson Electric Co., Siemens AG, ABB Ltd, Mettler Toledo, Teledyne Analytical Instruments, Yokogawa Electric Corporation, Unisearch Associates Inc., NEO Monitors AS, Axetris AG, and Boreal Laser Inc. are the players profiled during the study of the tunable diode laser analyzer market.
The tunable diode laser analyzer market players are mainly focused on the development of advanced and efficient products.
- In 2021, Yokogawa Electric Corporation has developed the TDLS8200 probe type tunable diode laser spectrometer. While featuring the same low installation cost, high measurement stability, and high reliability as the preceding version TDLS8100 the TDLS8200 will be able to simultaneously measure oxygen, carbon monoxide, and methane gas concentrations directly and at high speed.
- In 2022, Seroma announced the Laser 3 Plus Environmental (Laser 3 Plus)—its latest tunable diode laser analyzer meant for the continuous measurement of ammonia (NH3) emissions. The gadget could be crucial in assisting plant operators in complying with EPA recommendations, particularly those outlined in Performance Specification 18 (PS18), which is expected to constitute the foundation for future regulations.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Measurement Type, Gas Analyzer Type, and Industry Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The estimated global market size for the Tunable Diode Laser Analyzer market in 2021 is US$ 590.89 million. Absorption spectroscopy is used to measure tunable diode lasers (TDLs). The TDL system, also known as the TruePeak Analyzer, analyses gases in real-time to improve efficiency, safety, and quality as well as follow environmental compliance.
Rising demand for energy is resulting in new power plants setups globally and rising awareness regarding green sustainability resulting in increasing government's stringent safety standards are the driving factors
Rising demand in municipal waste incinerators and oil & gas applications is impacting the penetration rate of TDLA positively, which in turn is fueling the market growth.
METLER TOLEDO, Teledyne Analytical Instruments, Yokogawa Electric Corporation, ABB Ltd. Emerson Electric are the key market players holding the major market share of Tunable Diode Laser Analyzer market.
The US is holding the major market share of Tunable Diode Laser Analyzer market in 2021.
Oil & gas held the largest share in tunable diode laser analyzer market. he increasing growth of the oil & gas industry will lead to a rise in the installation of gas analyzer in the future, thus driving the market growth.
The US, the UK, India, the UAE, and Argentina are registering a high growth rate during the forecast period.
The List of Companies - Tunable Diode Laser Analyzer Market
- Emerson Electric Co.
- Siemens AG
- ABB Ltd
- Mettler Toledo
- Teledyne Analytical Instruments
- Yokogawa Electric Corporation
- Unisearch Associates Inc.
- NEO Monitors AS
- Axetris AG
- Boreal Laser Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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