Report : Tunable Diode Laser Analyzer Market to 2025 - Global Analysis and Forecasts by Measurement Type (In-situ and Extractive); Gas Analyzer Type (Oxygen analyzer, Ammonia analyzer, COx Analyzer, Moisture Analyzer, Hx Analyzer, CxHx Analyzer and Others) & Industry Application ( Power, Oil & Gas, Mining & Metal, Chemicals, Fertilizers, Cement and Others)
According to the new research report published by The Insight Partners, titled “Tunable Diode Laser Analyzers Market - Global Analysis and Forecast to 2025”, the global Tunable Diode Laser Analyzers market is expected to reach US$ 772.4 million in 2025, registering a CAGR of 9.4% during the forecast period 2017-2025.
In 2016, Asia-Pacific accounted for the largest revenue share of more than one-third of the total market share, followed by North America.
In 2016, the U.S. accounted for the largest share in the North America tunable diode laser analyzer installations. The United States is the world’s second largest industrial output company, consisting of industries such as petroleum, automobiles, chemicals, and mining among others. These industries are continuously growing in the U.S. as well as various industries are upgrading their technologies. Owing to these factors, the United States EPA (Environmental Protection Agency) has set rules and regulations that cover more than 80 industries in the region including automotive, chemical, power plants, steel plants among others. The industries need to strictly adhere to the rules set by the EPA, in order to maintain the emission of toxic gases, which is a major driving factor for the tunable diode laser analyzer market in the region.
Currently, the TDLA industry is experiencing staggering growth that has been by numerous factors. The most significant factor that has impacted the growth of this industry is the ease of availability of the instrument and lower maintenance costs coupled with lower downtimes of the instrument. Over the years the TDLA industry has experienced occasional highs and lows as a result of the changes in the economy, weather conditions, and the interest from new investors. The spending on such instruments by industrialists in various end-use sectors has changed drastically that present large opportunities to the businesses today. The in-situ gas measurement using these tunable diode laser analyzers have been popular in the last decade. The growth of this technology is very high as more and more countries are increasingly investing in implementing this technology for environmental protection, combustion control, and sustainability factors. In the forecasted period, the tunable diode laser analyzers market is estimated to grow at a rapid pace.
The global tunable diode laser analyzers market is segmented based on analyzer type, i.e. O2, Ammonia (NH3), COx, Moisture (H2O), Hx, CxHx and others. The oxygen analyzer led the market in 2016 with a market share of 35.7% followed by COx analyzer and Moisture Analyzer. Oxygen analyzers are widely implemented in numerous industries for multiple applications. The growth of the O2 analyzer is highly attributed to the significant globalization leading to increased manufacturing and production demands.
The global tunable diode laser analyzers market is segmented on industry application, i.e. power, oil & gas, metal & mining, chemicals, fertilizers, paper & pulp, and others. Oil & gas industry led the market in 2016 with a market share of 23.4% in 2016 and is expected to continue its dominance in 2025. For the tunable diode laser analyzer market, the oil and gas industry can be broadly classified into up-stream and downstream industry. The up-stream industry comprises of on-shore and off-shore activities such as fractionation, wellhead automation, completion, and separation in order to recuperate and concoct underground natural gas and crude oil. In addition the offshore investigation and production demands for thoroughgoing uptime under punitive situations, that requires futuristic remote monitoring capabilities.
Key findings of the study:
Tunable diode laser analyzer is the mature market in some of the region such as China and Japan, whereas, with some recent development in countries such as India, Australia, and Korea among others, it is expected that major chunk of the demand is expected to generate from the above-mentioned countries. The Asia Pacific economy is predicted to show some robust growth statistics of installations of tunable diode laser analyzer over the forecast period which in turn is going to drive the market.
The key companies profiled in this report include Axetris AG, ABB Ltd, Boreal Laser Inc, General Electric, Company, NEO Monitors AS, Unisearch Associates Inc, Emerson Electric Co, Mettler Toledo GmbH, Siemens AG, and Yokogawa Electric Corporation.
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