India Fixed Gas Analyzers Market Growth and Forecast by 2030

[Research Report] The India fixed gas analyzers market was valued at US$ 115.48 million in 2022 and is projected to reach US$ 178.23 million by 2030; it is expected to register a CAGR of 5.6% from 2022 to 2030.

Analyst Perspective:

The fixed gas analyzers market forecast is estimated on the basis of various secondary and primary research findings such as key company publications, association data, and databases.

India is one of the fastest-growing economies in the world. Key factors bolstering the India fixed gas analyzers market size in the country include an increased focus on minimizing the dependency on imports, a rise in focus on local production, and the adoption of advanced fixed gas analyzers to monitor and detect a wide range of gases. The country is also focused on continuing its growth by ensuring it deals with the challenges of climate change coupled with its goal of achieving net-zero emissions by 2070. To reduce and measure the emissions, the companies use equipment and instruments to measure and analyze the concentration of gases.

The demand for reliable and accurate gas measurement systems among companies in various sectors, such as oil & gas, chemicals & petrochemicals, food & beverages, and wastewater treatment, is gaining traction due to stringent government regulations to enhance safety and optimize production. It provides continuous monitoring of the entire gas production process. The application of fixed gas analyzers is majorly driven by government focus and investment to boost the growth in these sectors. Also, the fixed gas analyzers market trends include technological advancement in fixed gas analyzers.

The Government of India is focused on building new wastewater treatment plants to maintain public health, the environment, and sustainable water management. For example, in December 2023, the Delhi government claimed that associated authorities are building Asia’s largest wastewater treatment plant in Okhla, where 564 million liters per day (MLD) of sewage can be treated daily. Similarly, in January 2023, legislator Bhumana Karunakar Reddy inaugurated a water treatment plant near Vinayaka Sagar on Karakambadi Road in Tirupati; it deployed phytorid technology and features an installed capacity of 5 MLD. Phytorid is a self-sustainable technology for wastewater treatment that works on the principle of natural wetlands. Such wastewater plants generate a surge in demand for fixed gas analyzers for monitoring hazardous gases in various stages of the treatment, from pumping to sludge digestion. Thus, the construction of new plants fosters the India fixed gas analyzers market growth.

Market Overview:

A fixed gas analyzer is an analytical instrument that provides regular analysis of gases at a stationary location. This analytical instrument is utilized to evaluate the concentration of a known gas in the atmosphere that contains diverse gases. The purpose of a fixed gas analyzer is to improve safety, efficiency, and quality and to monitor the process and emissions.

A fixed gas analyzer is used for a wide range of industrial applications, which include biogas analysis, biomethane generation, syngas, landfill monitoring, and wastewater treatment. It ensures safety, gas quality, and accurate readings during the process of monitoring gases. In addition, gas separation is a fundamental technique for many sectors, which includes environmental, petrochemical, and gas storage. In particular, CO2 needs to be separated from other gases in the atmosphere to lower climate change and other adverse effects. Gas analyzers are effective tools for identifying CO2 in any atmosphere in order to separate it and purify the air. Thus, the wide application of fixed gas analyzers fuels the market growth. Moreover, the rise in government focus on building new wastewater plants and food processing units acts as a major factor boosting the growth of the fixed gas analyzers market. A fixed gas analyzer is used for monitoring hazardous gases in various stages of the treatment, from pumping to sludge digestion in wastewater plants. Rise in FDI in various industries and growth in oil & gas sector are likely to have a significant impact on the fixed gas analyzers market in the next few years.

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India Fixed Gas Analyzers Market: Strategic Insights

Market Size Value in	US$ 115.48 million in 2022
Market Size Value by	US$ 178.23 million by 2030
Growth rate	CAGR of 5.6% from 2022 to 2030
Forecast Period	2022-2030
Base Year	2022

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Fixed Gas Analyzers Market Driver:

Growth in Oil & Gas Sector

The oil & gas sector in India plays a major role in boosting economic growth, which is closely related to its energy demand. As of 2022, India holds the record of being the third-largest consumer of oil in the world. The Government of India has adopted several policies to cater to the rise in the demand for oil and gas. A 100% FDI in various segments of the sector, such as petroleum products, natural gas, and refineries, helps the industry proliferate. According to the data released by the Department for Promotion of Industry and Internal Trade (DPIIT), the total FDI inflows in the petroleum & natural gas sector in India were valued at US$ 8.15 billion between April 2000 and March 2023. According to the Oil and Gas Snapshot of States (Volume 2023-24, Edition I) report released by the Petroleum Planning and Analysis Cell (PPAC) in January 2024, India has 23 refineries.

With the rise in FDIs, the sector is expanding its facilities, which include export-oriented infrastructure, such as product pipelines and export terminals. Also, these investments help to contribute to the demand for instruments required to enhance the safety of existing and new infrastructure in the oil & gas sector. Hence, the growing demand for safety instruments is increasing the need for fixed gas analyzers in the oil & gas industry, as they are used to measure the concentration or quality of a specific gas compound within a mixture of multiple gases. It also helps in the accurate measurement of emissions, real-time monitoring, detecting plant malfunctions, ensuring process safety, and others. In addition, a fixed gas analyzer allows operators to supervise their processes more effectively and efficiently, detect anomalies, and save costs on expected malfunctions. Thus, the use of fixed gas analyzers helps oil and gas plant operators remain compliant with existing environmental laws and regulations. Therefore, the rise in the oil & gas sector drives the India fixed gas analyzers market growth.

Segment Analysis:

The “fixed gas analyzers market analysis” has been carried out by considering the following segments: product type and industry vertical. Based on product type, the market is segmented into oxygenates GC analyzers, natural gas analyzers, refinery gas analyzers, and others. Furthermore, oxygenates GC analyzers is estimated to hold a significant fixed gas analyzers market share by 2030.

Based on industry vertical, the market is segmented into oil & gas, chemicals & petrochemicals, energy, food & beverages, and others.

Furthermore, the oil & gas segment held the largest India fixed gas analyzers market share in 2022 and is expected to record the highest CAGR during the forecast period. Fixed gas analyzers are widely used in the oil & gas industry for monitoring and detecting the presence of gases in different procedures and environments. The oil & gas industry deploys fixed gas analyzers to preserve process conditions and quality control in various operations involving oil and gas. The analyzer allows operators to make real-time adjustments by ensuring reliable and efficient production processes, which increases its adoption in the oil & gas industry and drives the segment. Moreover, several fixed analyzers, such as oxygenates GC analyzers and electrochemical industrial gas analyzers, are widely used by oil & gas companies for monitoring carbon monoxide, methane, hydrogen sulfide, volatile organic compounds (VOCs), and other hazardous gases. The rise in consumer awareness regarding the capability of fixed gas analyzers in the oil & gas industries is increasing their adoption among operators. These analyzers guarantee workers’ security and infrastructure safety in the oil & gas industry, boosting the growth of the India fixed gas analyzers market.

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Key Player Analysis:

Thermo Fisher Scientific Inc, Agilent Technologies Inc, Revvity Inc, M M Automation, Mukta Instruments, HNL Systems Pvt Ltd, and Teledyne Technologies Inc are among the prominent players profiled in the fixed gas analyzers market report. In addition, several other players have been studied and analyzed during the study to get a holistic view of the market and its ecosystem. Several other essential market players were analyzed to get a holistic view of the market and its ecosystem.

Recent Developments:

Companies in the fixed gas analyzers market focus on both inorganic and organic strategies for their business growth. The fixed gas analyzers market report also emphasizes the key factors driving the market and prominent players' developments. A few recent key market developments by the India fixed gas analyzers market players are listed below:

• In 2022, QED ENVIRONMENTAL SYSTEMS launched LANDTEC BIOGAS 3000 to provide continuous monitoring of the entire gas production process. LANDTEC BIOGAS 3000 is a next-generation fixed gas analyzer that offers cost-effective online monitoring for biogas monitoring, anaerobic digestion, and landfill gas monitoring applications.
• In 2022, HORIBA, Ltd. launched HyEVO to support the hydrogen energy sector in achieving carbon neutrality. HyEVO is a hydrogen gas analyzer that allows users to perform continuous measurements of hydrogen concentration in gases.