Laser-based Gas Analyzers Market Global Demand, Top Players and Business Outlook 2020- ABB Ltd., Opsis AB, Emerson Electric Co

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The report presents an in-depth assessment of the Global Laser-based Gas Analyzers including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Global Laser-based Gas Analyzers investments from 2020 till 2025.

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Top Leading Manufactures-

ABB Ltd., Opsis AB, Emerson Electric Co., HORIBA, Ltd., Servomex Group Limited, KNESTEL Technology & Electronics GmbH, Honeywell International Inc., Yokogawa Electric Corporation, NEO Monitors AS, Endress Hauser AG, Fuji Electric Co., Ltd., Siemens AG, Anton Paar GmbH, AMETEK Land Instruments International, Bruker Corporation, Kaiser Optical Systems, Inc.

Market Insights

The laser-based gas analyzers market is expected to register a CAGR of 6% over the forecast period (2020 – 2025). Oil and Gas sector is expected to be the major consumer of the laser-based gas analyzer. The demand for natural gas has been on the rise in developing countries due to which the market is expected to witness an increased demand for laser-based gas analyzers.

– Increased regulations and legal fines are driving the companies to install more gas analyzers to curb emissions.
– Moreover, the laser-based analyzers provide real-time data due to which it has cut the time required in analysis of the gases and with the robust and modular properties there is increased demand from the healthcare sector.
– Traditional gas analyzers needed to calibrated very often due to which the reading was not accurate and required continuous maintenance due to which laser-based are preferred in the Chemical Industry.

Scope of the Report

The laser-based gas analyzers market typically comprises of gas analyses equipment providers who use either Tuneable diode laser spectroscopy, Raman spectroscopy, cavity ring-down spectroscopy, or quantum cascade laser spectroscopy to calculate the ppm or ppb composition of the air to estimate the presence of any gas in the atmosphere using lasers..

Key Market Trends

Oil companies are looking for real-time monitoring systems to curb Methane Leaks

– The oil rigs in the US have failed to curb the methane leakage from their oil rigs in recent years. Methane is considered to be more severe in causing global warming. The US government under Obama introduced stricter regulation in 2015 to curb methane emissions; these regulations, in 2018, were later relaxed by the Trump administration. As the companies were unable to meet the requirements as their infrastructure was dated.
– The industry is struggling to find a breakthrough to curb methane emissions, and they are looking for innovative ways for a more economical solution.
– The companies are shelling out millions of dollars in legal fines due to methane emissions and are continually looking for alternatives. The laser-based gas analyzers are going to be at the center of the new systems which are being developed as they offered real-time data and are robust.

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Asia-Pacific to Dominate the Market

– According to the International Energy Agency Asia-Pacific emerged as the highest importer and consumer of natural gas. China alone accounted for two-thirds of the global demand for Natural gas. But low reserves this region almost most of the natural gas it consumes.
– This region is not joined by high-pressure pipeline as much as the other areas are, due to which the transport is more susceptible to leakages. Due to which there is a constant requirement of monitoring during transportation.
– The biggest importer of natural gas China has become more proactive in addressing the environmental concerns due to which they have installed many systems which consist of gas analyzers to cut back on carbon dioxide discharges and other emissions.

Competitive Landscape
– March 2019 – Emerson releases Rosemount CT4400 Continuous Gas Analyzer. Emersons Rosemount CT4400 Continuous Gas Analyzer is a purpose-built Quantum Cascade Laser (QCL) and Tunable Diode Laser (TDL) analyzer designed to help plants report emissions accurately in environmental monitoring applications measuring standard components, such as nitric oxide (NO), nitrogen dioxide (NO2), sulfur dioxide (SO2), carbon monoxide (CO), carbon dioxide (CO2), and oxygen (O2).
– March 2019 – ABB’s IoT solution turns a drone into the gas detection sensor. ABBs analyzer uses patented cavity-enhanced absorption spectroscopy to detect methane with a sensitivity more than 1000 times higher than conventional leak detection tools.
– January 2019 – Yokogawa Electric Corporation launched its TDLS8100 probe type tunable diode laser spectrometer as part of its OpreXTM Analyzer family. The TDLS8100 is targeted at applications in the oil, petrochemical, power, iron and steel, and other industries that require the ability to directly measure oxygen or carbon monoxide gas concentration at high speeds.

What are the market factors that are explained in the report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a Global and regional scale.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Analytical Tools: Global Laser-based Gas Analyzers Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market. 

The research includes historic data from 2014 to 2020 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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