The global tunablediode laser analyzer market size
is expected to reach USD 831.7 million by 2024, according to a new report by
Grand View Research, Inc. The bullish growth prospects of the tunable diode
laser analyzer market can be attributed to the rapid industrialization and an
increasing need for real-time and efficient atmospheric toxic gas measurement
and analysis.
Favorable
initiatives and regulations by the government and regulatory bodies worldwide
regarding industrial emissions across various industry sectors are anticipated
to bolster the market growth over the forecast period. Advanced TDL based
analyzers have the ability to detect and measure toxic gases such as oxides of
carbon, nitrogen, and sulfur along with oxygen and water in very low air
density environments accurately. The adoption of TDLAs involves low maintenance
cost, seamless detection abilities, and stability, making them preferable over
other gas detectors across the end-use industries.
However, the
high costs of R&D and interoperability issues are expected to hinder the
industry growth over the forecast period. The accessibility to cheaper substitute
devices and methods may affect the industry growth in the coming years.
Full
research report on tunable diode laser analyzer market analysis : http://www.grandviewresearch.com/industry-analysis/tunable-diode-laser-analyzer-market
Further key findings from the report suggest:
·
The TDLA industry, on the basis of
measurement-type, can be segmented into in-situ and others such as
extractive-based measurements. The in-situ or on-site type TDLA segment
accounted for nearly 65% of the global market share in 2015, owing to the ease
of customization, lower cost of ownership, and the control it offers.
·
Oil & gas industrial applications
contributed to approximately 25% of the overall TDLA market revenue in 2015 and
are anticipated to witness a steady growth over the coming years. Such growth
can be accredited to the growing demand for the detection of complex
hydrocarbon gases and water across upstream, downstream, and midstream process
flows across refineries and petrochemical industries.
·
The demand for TDLAs in the mining &
metal industry was estimated to reach over USD 130 million by 2024, growing at
a CAGR of nearly 8% over the next six years. The increasing regulations and
safety norms regarding harmful emissions near mining sites are expected to
drive the demand for such equipment.
·
In 2015, The Asia Pacific tunable diode
laser analyzer market accounted for over 25% of the overall market share and is
expected to witness a substantial growth over the next eight years. The
developing economies of the region, such as India, China, and Japan, are
anticipated to offer broad growth avenues for the regional industry growth,
owing to the increasing industrialization and modernization of processes in
industries including power generation and oil & gas, eventually leading to
a surge in the adoption of TDLAs.
·
Technological and product innovations drive
such a highly dynamic industry. Prominent market players include Siemens AG,
ABB Ltd., Yokogawa Electric Corporation, and Endress+Hauser. Vendors are
focusing on expanding their presence through inorganic growth strategies such
as mergers and acquisition for portfolio enhancement and regional expansion.
Moreover, manufacturers are increasingly offering after-sales support and
services for their TDLA equipment through its entire lifecycle, from
installation to calibration and preventive maintenance repair of the equipment.
View more reports of
this category by Grand View Research at: https://www.grandviewresearch.com/industry/sensors-and-controls
Grand View Research has segmented the
global tunable diode laser analyzer market on the basis of measurement-type,
industrial application, and region:
Tunable
Diode Laser Analyzer Measurement-Type Outlook (Revenue, USD Million, 2014 -
2024)
·
In-situ
·
Others
Tunable
Diode Laser Analyzer Industrial Application Outlook (Revenue, USD Million, 2014
- 2024)
·
Power
·
Oil & Gas
·
Mining & Metal
·
Healthcare
·
Chemicals
·
Fertilizers
·
Paper & Pulp
·
Cement
·
Others
Tunable
Diode Laser Analyzer Regional Outlook (Revenue, USD Million, 2014 - 2024)
·
North America
·
Europe
·
Asia Pacific
·
RoW
Access press release by Grand View
Research: https://www.grandviewresearch.com/press-release/global-tunable-diode-laser-analyzer-market
About Grand View Research
Grand View
Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
