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:
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.
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Grand View Research At: 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
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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.
For more information: www.grandviewresearch.com/
